NOT LISTED FOR SALE

Estimated Value: $287,000 - $452,000

6 Beds
4 Baths
3,384 Sq Ft
$103/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $225,000 $66 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,303/month

53 Days on Market

Highlights

  • Active Adult
  • Wood Flooring
  • Window Unit Cooling System
  • Private Lot
  • No HOA
  • 5-minute walk to Prospect Park

About This Home

As of January 2021

Solid brick, 3 family located on a large double lot in Little Italy section of Troy. Perfect for owner occupancy or full investment property. Renovations required on 3rd floor prior to renting. Potential for renovations in basement to create a 4th garden apartment. Private access from rear alley. Apartments rent easily in this portion of Troy renting from $1000-1200. You will love the open front to back layout of these classic city flats. Large back and side yard make this a rare find downtown. Very Good Condition

Last Agent to Sell the Property

Amy Magur

KW Platform License #10301222532 Listed on: 08/27/2020

KW Platform

Last Buyer's Agent

Amy Magur

KW Platform License #10301222532 Listed on: 08/27/2020

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,999

Year Built

  • Built in 1875

Lot Details

  • Lot Dimensions are 50x90
  • Fenced
  • Private Lot
  • Level Lot
  • Cleared Lot

Home Design

  • 3,384 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Rubber Roof

Flooring

  • Wood
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System

Community Details

  • Active Adult
  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 2 / 5
  • Assessor Parcel Number 381700 101.69-5-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,999

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1875
  • Directions: Downtown Troy just beyond Ferry St. Right of Italian Community Center (ICC).
  • Above Grade Finished Sq Ft: 3384.0
  • Architectural Style: Triplex
  • Financial Details General Taxes: 3120.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 2879.0
  • School Taxes Description: Actual
  • Lot Size: 50x90
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Gas Meters: 3
  • Number of Separate Water Meters: 3
  • Other Income Description: Actual
  • Flooring:Hardwood: Yes
  • Flooring:Vinyl: Yes
  • Fencing:Fenced: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Hardwood
  • Basement: Full, Walk-Out Access
  • Living Area: 3384.0
  • Basement:Walk-Out Access: Yes
  • Full Basement: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Fencing: Fenced
  • Waterfront: No
  • Lot Features:Private: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Hot Water, Radiant, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Radiant: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Troy

Lot Info

  • Lot Features: Private, Level, Cleared
  • Parcel #: 381700 101.69-5-2

Tax Info

  • Tax Annual Amount: 5999.0
  • Tax Block: 5
  • Tax Lot: 2

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Jan 6, 2021
Sold by
Cavalari James and Friel Shannon
Bought by
Mohamed Faisal and Bonnet Jonathan L
Seller's Agent
Amy Magur
KW Platform
Buyer's Agent
Amy Magur
KW Platform
List Price
$260,000
Sold Price
$225,000
Premium/Discount to List
-$35,000
-13.46%
Current Estimated Value
$348,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,156
Avg. Annual Appreciation
9.50%
Original Mortgage
$168,750
Outstanding Balance
$150,317
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$197,839

Purchase Details

Listed on
Nov 22, 2019
Closed on
Jan 8, 2020
Sold by
Valenti Joseph J and Valenti Judith B
Bought by
Covalari James and Friel Shannon
Seller's Agent
John Mainello
Heer Realty, Inc.
Buyer's Agent
Amy Magur
KW Platform
List Price
$209,900
Sold Price
$207,760
Premium/Discount to List
-$2,140
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$203,996
Interest Rate
3.73%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2014
Sold by
Valenti Joseph J
Bought by
Valenti Joseph J
Source: Public Records

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
Mohamed Faisal $225,000 Chicago Title
Covalari James $207,760 None Available
Covalari James $207,760 None Available
Valenti Joseph J -- Michael Kraiza
Valenti Joseph J -- Michael Kraiza
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohamed Faisal $168,750
Previous Owner Covalari James $203,996
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2021 01/06/21 Sold $225,000 -10.0% $66 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $249,900 -3.9% $74 / Sq Ft
10/05/2020 10/05/20 Price Changed $260,000 0.0% $77 / Sq Ft
08/27/2020 08/27/20 For Sale $260,000 +25.1% $77 / Sq Ft
01/08/2020 01/08/20 Sold $207,760 0.0% $61 / Sq Ft View Prior Sale
11/21/2019 11/21/19 Pending -- -- --
11/04/2019 11/04/19 Off Market $207,760 -- --
10/09/2019 10/09/19 For Sale $209,900 0.0% $62 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $209,900 -- $62 / Sq Ft
Source: Global MLS

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 $5,770 $125,000 $10,000 $115,000
2023 $5,772 $125,000 $10,000 $115,000
2022 $4,478 $125,000 $10,000 $115,000
2021 $1,672 $125,000 $10,000 $115,000
2020 $2,879 $125,000 $10,000 $115,000
2019 -- $117,000 $8,000 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202026544

Global MLS

APN: 381700 101.69-5-3