NOT LISTED FOR SALE

Estimated Value: $447,065

-- Bed
3 Baths
3,082 Sq Ft
$145/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $310,000 $101 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,144/month

53 Days on Market

About This Home

As of June 2020

Stately well-kept 1910 Federal Colonial on the rotary at North State and Franklin Street. Fully occupied multi-use property with two residential units and a well-known beauty salon located here for 20 years. Current rent roll of $41k/year. ROI of 8% is possible. Large on-site paved parking lot can accommodate residents and business clients. Beautiful curved staircase off front entry. Side private lawned area. Newer systems and well kept. Two stories with 14 rooms and over 3,000 sq.ft. Aluminum & Vinyl siding with natural gas on site.

Last Listed By

Diana Wiita

BHG Masiello Concord License #002423 Listed on: 03/16/2020

BHG Masiello Concord

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,795

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Federal Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

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

Parking

  • 110 Car Parking Spaces
  • Paved Parking

Utilities

  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 25 / 7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,795

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Federal, Multi-Family
  • Directions: Located at the corner of North State Street and Franklin at the Rotary.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 100.58
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3902
  • Sq Ft - Apx Total Finished: 3082
  • Year Built: 1910
  • Remarks Public: Stately well-kept 1910 Federal Colonial on the rotary at North State and Franklin Street. Fully occupied multi-use property with two residential units and a well-known beauty salon located here for 20 years. Current rent roll of $41k/year. ROI of 8% is possible. Large on-site paved parking lot can accommodate residents and business clients. Beautiful curved staircase off front entry. Side private lawned area. Newer systems and well kept. Two stories with 14 rooms and over 3,000 sq.ft. Aluminum & Vinyl siding with natural gas on site.
  • List Agent: 11172
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3082
  • Sq Ft - Apx Unfinished BG: 820

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Aluminum, Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Parking Spaces 1 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Total Electric Meters: 4
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Trash: Curbside
  • Utilities: Gas - Underground

Lot Info

  • Map: 54
  • Lot: 25
  • Lot Sq Ft: 6970
  • Lot Acres: 0.16
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: RN
  • Deed Book: 3528
  • Deed Page: 2626
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6794.98
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Jun 30, 2020
Sold by
James A Smith 2013 T
Bought by
Christine M Heise 2007 T
Seller's Agent
Diana Wiita
BHG Masiello Concord
Buyer's Agent
Joe Palmisano
BHG Masiello Concord
List Price
$340,000
Sold Price
$310,000
Premium/Discount to List
-$30,000
-8.82%
Total Days on Market
53
Current Estimated Value
$447,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,065
Avg. Annual Appreciation
7.79%
Original Mortgage
$232,500
Outstanding Balance
$213,478
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$233,587

Purchase Details

Closed on
Sep 2, 2016
Sold by
Lennox Properties Llc
Bought by
James A Smith T

Purchase Details

Closed on
Sep 17, 1999
Sold by
Barrington Allan E
Bought by
Lennox Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
7.83%
Mortgage Type
Commercial

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
Christine M Heise 2007 T $310,000 None Available
James A Smith T $230,000 --
Lennox Props Llc $67,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christine M Heise 2007 T $232,500
Previous Owner Capital Lennox $0
Previous Owner Lennox Props Llc $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $310,000 -4.6% $101 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/27/2020 04/27/20 Price Changed $325,000 -4.4% $105 / Sq Ft
03/16/2020 03/16/20 For Sale $340,000 -- $110 / 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 $7,991 $288,600 $110,800 $177,800
2023 $7,752 $288,600 $110,800 $177,800
2022 $7,472 $288,600 $110,800 $177,800
2021 $7,250 $288,600 $110,800 $177,800
2020 $7,399 $276,500 $108,100 $168,400
2019 $6,795 $244,600 $108,100 $136,500
2018 $6,895 $244,600 $108,100 $136,500
2017 $6,908 $244,600 $108,100 $136,500
2016 $6,768 $244,600 $108,100 $136,500
2015 $7,614 $278,500 $108,100 $170,400
2014 $7,467 $278,500 $108,100 $170,400
2013 -- $278,500 $108,100 $170,400
2012 -- $278,500 $108,100 $170,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4798237

PrimeMLS

APN: CNCD-000054-000007-000025