NOT LISTED FOR SALE

Estimated Value: $630,827 - $705,000

8 Beds
3 Baths
3,856 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $500,000 $130 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,243/month

5 Days on Market

Highlights

  • Hot Water Heating System
  • High Speed Internet
  • 4-minute walk to Raco Theodore Park

About This Home

As of January 2023

Great OWNER Occupant Investment or addition to your Portfolio. Unit 1 recently remodeled, new flooring, bathroom & electrical fixtures. Unit 2 Refurbished wood floors and new flooring in kitchen. Unit 3 Recently remodeled, new carpet, flooring, countertops. All units include private entrances. Washer/ Dryer hookups in each unit. Convenient location to I293, shopping, restaurants, downtown.Tenants pay separate utilities. Delayed Showings begin at Open House. Saturday December 17th, 2022 1-3 PM and Sunday December 18th, 2022 1-3 PM.

Last Agent to Sell the Property

Emmanuel Georges

RE/MAX Synergy Listed on: 12/15/2022

RE/MAX Synergy

Last Buyer's Agent

Michael Snedeker

Snedeker Advantage Realty, LLC License #070978

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,125

Year Built

  • Built in 1948

Lot Details

  • 9,104 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Gambrel Roof
  • Brick Exterior Construction
  • Concrete Foundation
  • Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Interior Basement Entry

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Block 0006

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $13,178
  • Gross Income $50,040
  • Net Operating Income $36,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,125

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Gambrel
  • Directions: Please use GPS
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 188.25
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6256
  • Sq Ft - Apx Total Finished: 3856
  • Year Built: 1948
  • Remarks Public: Great OWNER Occupant Investment or addition to your Portfolio. Unit 1 recently remodeled, new flooring, bathroom & electrical fixtures. Unit 2 Refurbished wood floors and new flooring in kitchen. Unit 3 Recently remodeled, new carpet, flooring, countertops. All units include private entrances. Washer/ Dryer hookups in each unit. Convenient location to I293, shopping, restaurants, downtown.Tenants pay separate utilities. Delayed Showings begin at Open House. Saturday December 17th, 2022 1-3 PM and Sunday December 18th, 2022 1-3 PM.
  • List Agent: 286760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Sq Ft - Apx Finished AG: 2656
  • Sq Ft - Apx Finished BG: 1200
  • Sq Ft - Apx Unfinished AG: 1200
  • Sq Ft - Apx Unfinished BG: 1200

Exterior Features

  • Construction: Masonry
  • Driveway: Concrete
  • Exterior: Brick
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Total Refrigerators: 3
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Phone

Lot Info

  • Map: 0526
  • Lot Sq Ft: 9104
  • Lot Acres: 0.209
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 9293
  • Deed Page: 429
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 50040
  • Net Income: 36862
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7125
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2022
Closed on
Jan 24, 2023
Sold by
Georges Realty Llc
Bought by
Cabreja Modesto and Cabreja Maria V
Seller's Agent
Emmanuel Georges
RE/MAX Synergy
Buyer's Agent
Michael Snedeker
Snedeker Advantage Realty, LLC
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Views
43
Current Estimated Value
$656,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,707
Avg. Annual Appreciation
9.30%
Original Mortgage
$375,000
Outstanding Balance
$363,892
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,635

Purchase Details

Closed on
May 1, 2020
Sold by
Georges Wilsony B
Bought by
Georges Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2020
Sold by
M & K Investments Llc
Bought by
Georges Wilsony B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2016
Sold by
James Bivona Ret
Bought by
M & K Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 1997
Sold by
Lescatre Jennifer
Bought by
Savage Frederick V C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,900
Interest Rate
8.09%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cabreja Modesto $500,000 None Available
Georges Realty Llc -- None Available
Georges Wilsony B $300,000 None Available
M & K Investments Llc $200,000 --
Savage Frederick V C $79,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabreja Modesto $375,000
Previous Owner Georges Realty Llc $275,000
Previous Owner Georges Wilsony B $225,000
Previous Owner M & K Investments Llc $200,000
Previous Owner Savage Frederick V C $71,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2023 01/24/23 Sold $500,000 0.0% $130 / Sq Ft
12/22/2022 12/22/22 Price Changed $500,000 +5.3% $130 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/15/2022 12/15/22 For Sale $475,000 -- $123 / Sq Ft
Source: PrimeMLS

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
2024 $8,061 $411,700 $97,200 $314,500
2023 $7,765 $411,700 $97,200 $314,500
2022 $7,391 $405,200 $97,200 $308,000
2021 $7,164 $405,200 $97,200 $308,000
2020 $6,214 $252,000 $67,000 $185,000
2019 $6,046 $248,600 $67,000 $181,600
2018 $5,887 $248,600 $67,000 $181,600
2017 $5,797 $248,600 $67,000 $181,600
2016 $5,753 $248,600 $67,000 $181,600
2015 $5,977 $255,000 $67,000 $188,000
2014 $5,993 $255,000 $67,000 $188,000
2013 $5,781 $255,000 $67,000 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4939164

PrimeMLS

APN: MNCH-000526-000000-000006