NOT LISTED FOR SALE

Estimated Value: $913,256 - $947,000

4 Beds
2 Baths
2,614 Sq Ft
$357/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $800,000 $306 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,235/month

10 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Melrose/Cedar Park
  • Jogging Path
  • Roosevelt Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Bowden Park

About This Home

As of February 2023

Holidays could come early for the savvy owner-occupant or investor in this conveniently located two-family home! Large two car garage and ample driveway.The first floor unit shows pristine as you enter from the mudroom with formal living and dining room to your left and right. Two great bedrooms and sleek kitchen complete this charming unit and on tenant at will. Second level awaits your updates with five full rooms and full stair case to third level with an additional three rooms, with two of those rooms semi finished. Unit is vacant. Gorgeous front farmers porch that spans the width of the property and serene large yard with garden bed in Cedar park neighborhood . Nearby highways, Fells walking trails,whole foods and downtown Melrose 6/10 of a mile , 2/10 of a mile too commuter rail. Wont last!

Last Listed By

Michelle Zona

Aloha Heights Real Estate Listed on: 12/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,256

Year Built

  • Built in 1900

Lot Details

  • 9,300 Sq Ft Lot
  • Near Conservation Area

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 2,614 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $1,400
  • Assessor Parcel Number 653367

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,256

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2 percent
  • Transaction Broker: none
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Vinyl
  • Fireplace YN: No
  • Appliances: Oil Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2614
  • Stories Total: 3
  • MAIN LO: AC0406
  • LIST PRICE PER Sq Ft: 313.31
  • PRICE PER Sq Ft: 306.04
  • MAIN SO: AC0406

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access, Public School

Lot Info

  • Parcel Number: 653367
  • Zoning: URA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9300
  • Lot Size Units: Acres
  • PAGE: 499
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7256.31
  • Tax Book Number: 57194

Multi Family

  • Gross Income: 16800
  • Net Operating Income: 16800
  • Number Of Units Total: 2
  • Total Actual Rent: 1400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2011
Sold by
Toczko Karen
Bought by
Reitzel Charles
Total Days on Market
10
Current Estimated Value
$934,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$214,943
Interest Rate
4.49%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reitzel Charles $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reitzel Charles $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2023 02/15/23 Sold $800,000 -2.3% $306 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/08/2022 12/08/22 For Sale $819,000 -- $313 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $79 $797,200 $438,500 $358,700
2024 $7,420 $747,200 $410,200 $337,000
2023 $7,420 $712,100 $381,900 $330,200
2022 $7,256 $686,500 $367,800 $318,700
2021 $7,012 $640,400 $353,600 $286,800
2020 $6,722 $608,300 $325,300 $283,000
2019 $6,320 $584,600 $311,200 $273,400
2018 $5,914 $522,000 $258,100 $263,900
2017 $5,741 $486,500 $247,500 $239,000
2016 $5,292 $429,200 $219,200 $210,000
2015 $5,544 $427,800 $219,200 $208,600
2014 $5,161 $388,600 $201,600 $187,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73063888

MLS Property Information Network (MLS PIN)

APN: MELR-000009B-000000-000047