NOT LISTED FOR SALE

Estimated Value: $809,000 - $1,059,335

5 Beds
3 Baths
2,112 Sq Ft
$433/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $580,000 $275 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,565/month

9 Days on Market

About This Home

As of October 2016

100 % leased cash flow/ turn-key 3 Family Investment Property in booming Chelsea market. Silver Line completion is fast approaching and all apartments are in great condition with hardwood floors, modern appliances and individually metered for electric and heated with individual gas fired boilers. Common area amenities include coin-op laundry units. Come quick as this property will sell fast. Property is de-leaded. Certificates are attached.

Last Agent to Sell the Property

Geoffrey Smith

GPS Real Estate, LLC Listed on: 08/31/2016

Last Buyer's Agent

Lisa Johnson

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,824

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Fenced/Enclosed
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 11
  • Basement: Concrete Floor
  • Total Levels: 3

Exterior Features

  • Roof: Rubber
  • Construction: Brick
  • Foundation: Poured Concrete

Utilities

  • Utility Connections: for Electric Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: BR

Multi Family

  • Foundation: NA
  • Total Bedrooms: 5
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 11
  • Total Rent_1: 4050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2016
Closed on
Oct 31, 2016
Sold by
Twin Real Estate Llc
Bought by
Lam Terrance and Johnson Kristina L
Seller's Agent
Geoffrey Smith
GPS Real Estate, LLC
Buyer's Agent
Lisa Johnson
RE/MAX Real Estate Center
List Price
$549,900
Sold Price
$580,000
Premium/Discount to List
$30,100
5.47%
Current Estimated Value
$914,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,584
Avg. Annual Appreciation
5.42%
Original Mortgage
$435,000
Outstanding Balance
$350,108
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$577,421

Purchase Details

Listed on
Apr 8, 2014
Closed on
Aug 28, 2014
Sold by
Wong Kai Y and Gao Wong J
Bought by
Twin Real Estate Llc
Seller's Agent
Willie Mandrell
Thumbprint Realty, LLC
Buyer's Agent
Samantha Gifford
Encore Realty
List Price
$449,000
Sold Price
$410,000
Premium/Discount to List
-$39,000
-8.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.25%
Original Mortgage
$307,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 3, 2005
Sold by
Zhu Qing L
Bought by
Wong Kai Ying and Gao Wong Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 1998
Sold by
Muneeruddin Mohamed and Muneeruddin Amena
Bought by
Chen Qine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,800
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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
Lam Terrance $580,000 --
Twin Real Estate Llc $410,000 --
Wong Kai Ying $230,000 --
Wong Kai Ying $230,000 --
Chen Qine L $83,000 --
Chen Qine L $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Terrance $435,000
Closed Lam Terrance $435,000
Previous Owner Twin Real Estate Llc $307,500
Previous Owner Wong Kai Ying $184,000
Previous Owner Chen Qine L $49,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $580,000 +5.5% $275 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $549,900 +34.1% $260 / Sq Ft
08/29/2014 08/29/14 Sold $410,000 -8.7% $194 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $449,000 -- $213 / 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 $8,824 $766,600 $100,700 $665,900
2024 $9,123 $766,600 $100,700 $665,900
2023 $8,769 $708,300 $91,600 $616,700
2022 $8,799 $664,100 $87,200 $576,900
2021 $8,478 $622,500 $83,100 $539,400
2020 $7,875 $588,100 $79,100 $509,000
2019 $8,127 $570,300 $79,100 $491,200
2018 $6,727 $477,100 $79,100 $398,000
2017 $6,278 $437,800 $79,100 $358,700
2016 $5,020 $352,300 $79,100 $273,200
2015 $3,447 $239,400 $68,800 $170,600
2014 $2,969 $199,500 $59,800 $139,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72060201

MLS Property Information Network (MLS PIN)

APN: CHEL-000028-000000-000070