NOT LISTED FOR SALE

Estimated Value: $299,000 - $1,701,000

16 Beds
8 Baths
6,185 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $935,000 $151 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $3,772/month

111 Days on Market

About This Home

As of May 2016

Investors take notice~~~~$150,000.00 PRICE DROP! Money Making Condo units for sale. Owner is looking to unload all 8 units at a discounted price. All leased up, good rents and room to increase your income. All units have been done over within the last 10 years. All Units are occupied . All Tenants pay all utilities. The only expense to owner are taxes and condo fees. Entire building is managed and operated by a professional management company located nearby. Included in the condo fees are: master insurance, heat, hot water, trash, snow removal/ landscaping, hallway cleaning and maintenance. All 24 units share the coin operated washer/ dryer units (2) in the basement. Large, newly paved parking lot on side of building. Each unit is guaranteed 1 parking spot; additional spots negotiable. Come see for yourself!

Last Agent to Sell the Property

Dana Newell

Coldwell Banker Realty - Topsfield License #454004056 Listed on: 12/18/2015

Last Buyer's Agent

Dana Newell

Coldwell Banker Realty - Topsfield License #454004056 Listed on: 12/18/2015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,129

Year Built

1960

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Shared Drive, Cleared, Level
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 20
  • Amenities: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Electric: Circuit Breakers
  • Energy: Storm Windows, Storm Doors
  • Flooring: Wood, Tile, Laminate
  • Basement: Partial, Partially Finished, Interior Access, Concrete Floor
  • Total Levels: 5

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame, Brick
  • Exterior: Brick
  • Exterior Features: Porch, Gutters, Screens, Garden Area
  • Foundation: Poured Concrete, Concrete Block

Garage/Parking

  • Parking: Off-Street, Assigned, Common, Guest, Deeded, Paved Driveway
  • Parking Spaces: 8

Utilities

  • Cooling Zones: 8
  • Heat Zones: 8
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 8

Lot Info

  • Assessor Parcel Number: M:0076 B:0600-T
  • Zoning: R1A

Multi Family

  • APOD Available: Yes
  • Appliances Common: Washer, Dryer
  • Cooling Units: 8
  • Expenses Year End: 12/14
  • Heat Units: 1
  • Interior Features Common: Floored Attic, Storage
  • Common Room: Laundry
  • Total Bedrooms: 16
  • Total Floors: 5
  • Total Full Baths: 8
  • Total Levels: 2
  • Total Rms: 32
  • Total Rent_1: 9845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2017
Sold by
Kay David
Bought by
Seashore Real Estate M
Current Estimated Value
$656,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Outstanding Balance
$519,404
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$74,257

Purchase Details

Closed on
Mar 29, 2013
Sold by
Ortins Manuel A
Bought by
Kay David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,550
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2009
Sold by
Felipe Milton J and Deutsche Bank Natl T C
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Mar 24, 2005
Sold by
Rccp Dev Llc
Bought by
Sasaluxanon Tanin

Purchase Details

Closed on
Apr 22, 2004
Sold by
Park Towers Llc
Bought by
Rccp Dev Llc

Purchase Details

Closed on
Oct 22, 2002
Sold by
Pea 14 Collins Street
Bought by
Park Towers Iii Llc
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
Seashore Real Estate M -- --
Kay David $95,400 --
Deutsche Bank Natl T C $92,466 --
Sasaluxanon Tanin $400,000 --
Rccp Dev Llc $3,000,000 --
Park Towers Iii Llc $2,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seashore Re Mgmt & Dev $215,000
Closed Seashore Real Est Mgmt $50,000
Open Seashore Real Estate M $620,000
Closed Seashore Real Estate M $620,000
Previous Owner Park Towers Iii Llc $71,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $935,000 -20.4% $151 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
03/22/2016 03/22/16 Price Changed $1,175,000 -11.3% $190 / Sq Ft
12/18/2015 12/18/15 For Sale $1,325,000 -- $214 / 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 $2,129 $229,900 $0 $229,900
2024 $1,957 $214,600 $0 $214,600
2023 $1,862 $195,600 $0 $195,600
2022 $1,646 $163,000 $0 $163,000
2021 $1,482 $141,300 $0 $141,300
2020 $1,400 $130,400 $0 $130,400
2019 $1,376 $125,000 $0 $125,000
2018 $1,246 $108,700 $0 $108,700
2017 $1,150 $97,800 $0 $97,800
2016 $1,036 $86,900 $0 $86,900
2015 $1,125 $91,500 $0 $91,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71943872

MLS Property Information Network (MLS PIN)

APN: 076-218+