NOT LISTED FOR SALE

Estimated Value: $251,459 - $350,000

8 Beds
3 Baths
2,915 Sq Ft
$105/Sq Ft Est. Value

Last Sold July 03, 2021

Last sale price $180,000 $62 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,013/month

27 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Attic
  • Porch
  • Baseboard Heating

About This Home

As of July 2021

Check out this turn key, low maintenance, three-family in the N End with 10+% CAP rate. Unit mix consists of (2) 3 bed/1 bath units on the 1st and 2nd floor w/approx. 980 SF each + (1) 2 bed/1 bath unit on the 3rd floor w/approx. 950 SF. The property features vinyl siding, replacement vinyl windows and roof is in good/average condition. Overall, there are various unit updates including: kitchens, baths, flooring and fixtures. The utilities are separate & tenant paid - electric heat + gas hot water and for cooking. There is ample off-street parking on the side and rear of the building. Value add opportunity to increase rents for 12% proforma. Great opportunity to buy a turn key, low maintenance and cash flowing asset for someone looking to start or add to their portfolio. This can also be purchased as part of a larger portfolio.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 02/23/2021

Oxford Realty

Last Buyer's Agent

Romain Simpson

Century 21 Scala Group License #RES.0810219

Century 21 Scala Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,192

Year Built

  • Built in 1907

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,915 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Private Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $29,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,192

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2915
  • Public Record Living Room Sq Ft: 2915
  • Total Sq Ft: 2915
  • Year Built: 1907
  • Nearby Amenities: Commuter Bus, Park, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Walnut St to Locust OR Orange St to Locust
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: Yes
  • Street Number Modifier: 143

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Driveway, Off Street Parking
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.1000
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 29070
  • Net Operating Income: 19785
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3192
  • Total Assessed Value: 53010
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1378562

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Mara Justin
Bought by
Lloa Property Group Llc
Current Estimated Value
$305,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$172,089
Interest Rate
5.51%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$133,776

Purchase Details

Listed on
Feb 23, 2021
Closed on
Jul 2, 2021
Sold by
Ct Affordable Hsng Llc
Bought by
Mahara Justin
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Romain Simpson
Century 21 Scala Group
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.09%
Original Mortgage
$135,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2012
Sold by
G & K Locust Street Llc
Bought by
Ct Affordable Hsng Llc

Purchase Details

Closed on
Nov 3, 2009
Sold by
Grella Micaela and King Jo Ann
Bought by
G & K Locust St Rlty Llc

Purchase Details

Closed on
Oct 29, 2009
Sold by
Grella Micaela
Bought by
King Joann

Purchase Details

Closed on
Sep 4, 2009
Sold by
Ras Arshe R
Bought by
Grella Micaela

Purchase Details

Closed on
Sep 22, 2008
Sold by
Christiana B & T Co
Bought by
Empire Management Grou

Purchase Details

Closed on
Nov 29, 2002
Sold by
Bhairo Ana A and Ramos Helen S
Bought by
Caldeira Vundembar R
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
Lloa Property Group Llc -- None Available
Lloa Property Group Llc -- None Available
Mahara Justin $180,000 None Available
Mahara Justin $180,000 None Available
Ct Affordable Hsng Llc $9,000 --
Ct Affordable Hsng Llc $9,000 --
G & K Locust St Rlty Llc -- --
G & K Locust St Rlty Llc -- --
King Joann $65,000 --
King Joann $65,000 --
Grella Micaela -- --
Ras Arshe R -- --
Grella Micaela -- --
Empire Management Grou $32,000 --
Empire Management Grou $32,000 --
Caldeira Vundembar R $16,000 --
Caldeira Vundembar R $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lloa Property Group Llc $180,000
Closed Lloa Property Group Llc $180,000
Previous Owner Mahara Justin $135,000
Previous Owner Caldeira Vundembar R $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2021 07/03/21 Sold $180,000 -5.2% $62 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $189,900 +5.5% $65 / Sq Ft
03/09/2021 03/09/21 Off Market $180,000 -- --
02/23/2021 02/23/21 For Sale $189,900 -- $65 / Sq Ft
Source: SmartMLS

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 $4,754 $105,700 $11,340 $94,360
2024 $5,226 $105,700 $11,340 $94,360
2023 $5,728 $105,700 $11,340 $94,360
2022 $3,192 $53,010 $11,340 $41,670
2021 $3,192 $53,010 $11,340 $41,670
2020 $3,192 $53,010 $11,340 $41,670
2019 $3,192 $53,010 $11,340 $41,670
2018 $3,192 $53,010 $11,340 $41,670
2017 $3,229 $53,630 $11,340 $42,290
2016 $3,229 $53,630 $11,340 $42,290
2015 $3,122 $53,630 $11,340 $42,290
2014 $3,122 $53,630 $11,340 $42,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170374615

SmartMLS

APN: WATE-000238-000181-000055