NOT LISTED FOR SALE

Estimated Value: $688,657 - $851,000

2 Beds
2 Baths
1,980 Sq Ft
$399/Sq Ft Est. Value

Last Sold March 15, 2018

Last sale price $500,000 $253 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,972/month

3 Days on Market

Highlights

  • Ocean Front
  • Attic
  • Level Lot
  • Public Water Access
  • 1 Car Detached Garage

About This Home

As of March 2018

Opportunity for investor or owner occupy with rental income. Great multi family in Cove area at end of Street. Off street parking, Garage, Large level yard. Rear door out to deck and stairs down to level yard. Modern bath. Hardwood floors. Easy walking distance to Cove Island Beach and Park, near popular Chelsea Piers.

Last Agent to Sell the Property

Irene Cheung

BHGRE Shore & Country License #RES.0800750 Listed on: 01/26/2018

BHGRE Shore & Country

Last Buyer's Agent

Mustak Ahmed

BHGRE Shore & Country License #RES.0766324

BHGRE Shore & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,467

Year Built

  • Built in 1915

Lot Details

  • 7,841 Sq Ft Lot
  • Ocean Front
  • Home fronts a sound
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • 1,980 Sq Ft Home
  • Stone Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Concrete Siding
  • Vinyl Siding

Outdoor Features

  • Public Water Access
  • Walking Distance to Water

Schools

  • K.T. Murphy Elementary School
  • Turn Of River Middle School
  • Westhill High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas

Additional Features

  • Attic
  • Partially Finished Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,467

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Neighborhood: Cove
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 1980
  • Public Record Living Room Sq Ft: 1980
  • Total Sq Ft: 1980
  • Year Built: 1915
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3848
  • Directions: Cove Rd to Euclid Ave
  • Special Features: None

Interior Features

  • Basement Description: Partially Finished
  • Attic: Yes

Exterior Features

  • Exterior Siding: Vinyl Siding, Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: L. I. Sound Frontage, Ocean Frontage, Water Community, Walk to Water
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1

Utilities

  • Cooling System: Window Unit
  • Heat Type: Gas on Gas, Radiator
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.1800
  • Lot Description: Level Lot, Sloping Lot
  • Zoning: R5

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 6467
  • Mil Rate Base: 25.590
  • Mil Rate Tax District: 1.300
  • Assessor Parcel Number: 318959

MLS Schools

  • Elementary School: K.T. Murphy
  • Middle Jr High School: Turn of River
  • High School: Westhill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 15, 2018
Sold by
Fiorito Robert J
Bought by
Ahamed Mafij and Begum Noor
Seller's Agent
Irene Cheung
BHGRE Shore & Country
Buyer's Agent
Mustak Ahmed
BHGRE Shore & Country
List Price
$509,000
Sold Price
$500,000
Premium/Discount to List
-$9,000
-1.77%
Current Estimated Value
$790,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,414
Avg. Annual Appreciation
6.10%
Original Mortgage
$490,943
Outstanding Balance
$419,092
Interest Rate
4.22%
Mortgage Type
FHA
Estimated Equity
$371,322

Purchase Details

Closed on
May 31, 2016
Sold by
Fiorito Svitlana
Bought by
Fiorito Robert J

Purchase Details

Closed on
Jul 9, 1999
Sold by
Leopold William and Leopold Kristen
Bought by
Fiorito Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1996
Sold by
Colacicco Samuel and Colacicco Mary
Bought by
Leopold William and Leopold Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,100
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ahamed Mafij $500,000 --
Ahamed Mafij $500,000 --
Fiorito Robert J -- --
Fiorito Robert J -- --
Fiorito Robert J $295,000 --
Fiorito Robert J $295,000 --
Leopold William $183,500 --
Leopold William $183,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahamed Mafij $490,943
Closed Ahamed Mafij $490,943
Previous Owner Leopold William $265,500
Previous Owner Leopold William $165,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2018 03/15/18 Sold $500,000 -1.8% $253 / Sq Ft
01/26/2018 01/26/18 For Sale $509,000 0.0% $257 / Sq Ft
11/07/2015 11/07/15 Rented $1,200 -14.3% --
11/07/2015 11/07/15 For Rent $1,400 -- --
Source: SmartMLS

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 $9,766 $408,290 $213,530 $194,760
2024 $9,538 $408,290 $213,530 $194,760
2023 $10,305 $408,290 $213,530 $194,760
2022 $8,356 $307,550 $154,760 $152,790
2021 $8,285 $307,550 $154,760 $152,790
2020 $8,104 $307,550 $154,760 $152,790
2019 $8,104 $307,550 $154,760 $152,790
2018 $7,852 $307,550 $154,760 $152,790
2017 $6,467 $240,480 $126,840 $113,640
2016 $6,281 $240,480 $126,840 $113,640
2015 $6,115 $240,480 $126,840 $113,640
2014 $5,961 $240,480 $126,840 $113,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170046934

SmartMLS

APN: STAM-000000-000000-007151