NOT LISTED FOR SALE
-- Beds
-- Baths
-- Sq Ft
1.23 Acre Lot

Sale Details

Date Sold: February 1, 2019

Last sale price $527,000

165 Days on Market

Highlights

  • 1.23 Acre Lot
  • Wood Flooring
  • Hot Water Heating System

About This Home

As of February 2019

Nice income producing investment property of 31 units in a horseshoe brick layout courtyard setting. 93 % occupancy rate. Newer windows and roof.

Last Agent to Sell the Property

Faith Deal

RE/MAX First Realty License #2002007872 Listed on: 06/29/2018

RE/MAX First Realty

Last Buyer's Agent

Peter Peterson II

The Holden Agency

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,344

Year Built

  • Built in 1955

Lot Details

  • 1.23

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Wood Flooring
  • Partial Basement
  • Range

Parking

  • 1 Parking Space
  • Open Parking
  • Parking Lot

Utilities

  • Cooling Available
  • Hot Water Heating System

Additional Features

  • 1.23 Acre Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 0270103118000

Community Details

Overview

  • Property has a Home Owners Association
  • 31 Units

Building Details

  • Insurance Expense $3,829
  • Maintenance Expense $2,234
  • Trash Expense $1,257
  • Water Sewer Expense $10,203
  • Net Operating Income $90,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,344

Year Built

Built in 1955

Lot Details

1.23 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.232
  • Lot Size: 267 x 201
  • Road Surface Type: Paved
  • Directions: Sturges to East on Second St
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Structure Type: Onsite Built, Apartment 9+
  • Year Built: 1955
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Refrigerator, Range
  • Has Basement: Partial
  • Flooring: Hardwood

Exterior Features

  • Lot Features: City Lot
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Asphalt, 1 Space, Parking Lot
  • Total Parking Spaces: 1

Utilities

  • Cooling: None, Other-See Remarks
  • Cooling Y N: Yes
  • Heating: Hot Water/Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Other - See Remarks
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 14170
  • Trash Expense: 1257
  • Annual Water Sewer Expense: 10203

Schools

  • Junior High Dist: Mansfield City School District

Lot Info

  • Lot Size Sq Ft: 53667
  • Farm Land Area Units: Square Feet
  • Parcel #: 0270103118000
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Number Of Units Total: 31
  • Electric Expense: 14170
  • Insurance Expense: 3829
  • Maintenance Expense: 2234
  • Property Net Operating Income: 90106
  • Vacancy Allowance Rate: 7

Tax Info

  • Tax Annual Amount: 12344

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2023
Sold by
Larson Glen Lamar
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,772
Outstanding Balance
$308,621
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2018
Closed on
Feb 1, 2019
Sold by
Stimens Kurt and The Kurt Stimens Revocable Liv
Bought by
Larson Glen Lamar
Seller's Agent
Faith Deal
RE/MAX First Realty
Buyer's Agent
Peter Peterson II
The Holden Agency
List Price
$527,000
Sold Price
$527,000

Purchase Details

Closed on
Jun 12, 2014
Sold by
807 Investment Company Ltd
Bought by
Stimes Kurt and The Kurt Stimens Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 27, 2005
Sold by
Franchu Inc
Bought by
807 Investment Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 1993
Bought by
Franchu Inc

Purchase Details

Closed on
Jul 9, 1991
Sold by
Freeman Md Forrest W
Bought by
The Richland Trust Company
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Barrister Title
Larson Glen Lamar $527,000 Chicago Title
Stimes Kurt $425,000 Chicago Title
807 Investment Co Ltd $425,000 Southern Title
Franchu Inc $450,000 --
The Richland Trust Company $345,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $482,772
Previous Owner Stimes Kurt $340,000
Previous Owner 807 Investment Co Ltd $660,000
Previous Owner 807 Investment Co Ltd $653,000
Previous Owner Franchu Inc $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/01/2019 02/01/19 Sold $527,000 0.0% --
12/14/2018 12/14/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $527,000 -- --
Source: Mansfield Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,095 $183,800 $26,600 $157,200
2024 $13,095 $183,800 $26,600 $157,200
2023 $13,062 $183,800 $26,600 $157,200
2022 $12,373 $153,970 $26,600 $127,370
2021 $12,428 $153,970 $26,600 $127,370
2020 $12,617 $153,970 $26,600 $127,370
2019 $13,199 $153,970 $26,600 $127,370
2018 $13,139 $153,970 $26,600 $127,370
2017 $12,918 $153,970 $26,600 $127,370
2016 $12,345 $144,870 $26,600 $118,270
2015 $11,859 $144,870 $26,600 $118,270
2014 $11,729 $144,870 $26,600 $118,270
2012 $9,690 $144,870 $26,600 $118,270
Source: Public Records

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Map

Source: Mansfield Association of REALTORS®

MLS Number: 9040867

Mansfield Association of REALTORS®
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