$222,000
SOLD DEC 26, 2018
-- Bed
-- Bath
1,250 Sq Ft
0.27 Acres

Recently Sold

$178 Per Sq Ft

19% Below List Price

292 Days on Market

Highlights

  • 11,586 Sq Ft lot
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of December 2018

Great location investment property, 2 identical units with plenty of income potential and lot zoned for additional units. One unit is completely updated with tile, new bath, kitchen and appliances and is fully rented for $1,200 per month. The other unit has just recently been updated with new tile, kitchen and appliances and is rented for the year also at $1,200 per month. PLUS ROOM TO ADD MORE UNITS. GREAT CAP RATE AND CASH ON CASH RETURNl!

Last Agent to Sell the Property

Stephen Snow

Exit Realty Premier Elite License #3251774 Listed on: 02/06/2018

Exit Realty Premier Elite

Last Buyer's Agent

Stephen Snow

Exit Realty Premier Elite License #3251774 Listed on: 02/06/2018

Exit Realty Premier Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1956

Lot Details

  • 0.27 Acre Lot

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Built-Up Roof

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 56434229030010160

Community Details

Overview

  • 2 Units
  • Acrehome Park Second Add Subdivision

Building Details

  • Operating Expense $6,475
  • Net Operating Income $21,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,396

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: From Northlake South on Congress to Silver Beach go East to property on South Side of Street. From Blue Heron, North on Congress to Silver Beach, then East to Property
  • Year Built: 1956
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1250.0

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Built-Up, Tar/Gravel

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 56434229030010160
  • Lot Size Sq Ft: 11586.0
  • Zoning Description: RD-15(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 21305.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 6475.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1396.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2020
Sold by
Omelait Rodrigue
Bought by
Omelait Rodrigue and Omelait Rosclore M
Current Estimated Value
$432,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$148,735
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$270,624

Purchase Details

Listed on
Feb 6, 2018
Closed on
Dec 26, 2018
Sold by
Gallon Dorothy Lee
Bought by
Omelait Rodrigue
Seller's Agent
Stephen Snow
Exit Realty Premier Elite
Buyer's Agent
Stephen Snow
Exit Realty Premier Elite
List Price
$275,000
Sold Price
$222,000
Premium/Discount to List
-$53,000
-19.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Original Mortgage
$187,000
Interest Rate
4.9%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 5, 2016
Sold by
Gallon Dorthy Lee
Bought by
Gallon Dorothy Lee
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $222,000 First American Title Insuran
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 New Conventional
Closed $187,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2020 01/01/20 Rented $1,100 -12.0% --
12/02/2019 12/02/19 Under Contract -- -- --
11/26/2019 11/26/19 For Rent $1,250 0.0% --
12/26/2018 12/26/18 Sold $222,000 -19.3% $178 / Sq Ft
11/26/2018 11/26/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $275,000 -- $220 / Sq Ft
Source: BeachesMLS

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 $5,139 $222,698 -- --
2023 $4,785 $202,453 $0 $0
2022 $4,260 $184,048 $0 $0
2021 $3,836 $167,316 $11,520 $155,796
2020 $2,971 $126,811 $9,360 $117,451
2019 $2,748 $115,158 $7,920 $107,238
2018 $1,521 $63,680 $7,681 $55,999
2017 $1,396 $54,765 $5,908 $48,857
2016 $1,029 $36,707 $0 $0
2015 $571 $28,646 $0 $0
2014 $566 $27,105 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10403394

BeachesMLS

APN: 56-43-42-29-03-001-0160