NOT LISTED FOR SALE

Estimated Value: $975,000 - $2,354,394

16 Beds
6 Baths
6,552 Sq Ft
$232/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $1,300,000 $198 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,881/month

34 Days on Market

About This Home

As of October 2016

ATTENTION INVESTORS! THIS IS A RARE FIND! UPDATED 6-FAMILY BUILDING IN GREAT RENTAL LOCATION. THIS IS A CASH COW AND TURN KEY FOR THE NEW OWNER! MANY UPDATES INCLUDING KITCHENS, BATHS, VINYL SIDING, FURNACES AND MORE! ALL UNITS UNDER 12 MONTH LEASES. GOOD SIZED UNITS WITH LEAD COMPLIANCE CERTIFICATES FOR ALL UNITS. THE CURRENT GROSS ANNUAL INCOME IS $122,400/YEAR WITH EXPENSES OF $17,430. THE NOI IS $104,970 AND ESTIMATED CAP RATE IS 8%. TENANTS PAY ALL UTILITIES. ALL UNITS ARE OCCUPIED SO 1 UNIT AND THE BASEMENT WILL BE SHOWN AT THE 1ST SHOWINGS. AFTER AN ACCEPTED OFFER THE BUYER CAN VIEW THE REMAINING UNITS. THIS WON'T LAST LONG. NO WEEKEND OR EVENING SHOWINGS & NEED 48 HOURS NOTICE. UNIT 6 IS A 3 BEDROOM WITH RENT OF $1,800 PER MONTH

Last Agent to Sell the Property

Ronan Ryan

RGR Sales & Rentals Listed on: 08/11/2016

Last Buyer's Agent

Ronan Ryan

RGR Sales & Rentals Listed on: 08/11/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,161

Year Built

1905

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Insc: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 28
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
  • Flooring: Hardwood
  • Basement: Full
  • Total Levels: 5

Exterior Features

  • Roof: Rubber
  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Brick

Utilities

  • Heat Zones: 6
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 693

Condo/Co-op/Association

  • Total Units: 6

Lot Info

  • Zoning: RES

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 12/15
  • Heat Units: 6
  • Total Bedrooms: 16
  • Total Floors: 9
  • Total Full Baths: 6
  • Total Levels: 3
  • Total Rms: 34
  • Total Rent_1: 10200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2016
Closed on
Oct 28, 2016
Sold by
Langdon Investments Ll
Bought by
Langdon Street Llc
Seller's Agent
Ronan Ryan
RGR Sales & Rentals
Buyer's Agent
Ronan Ryan
RGR Sales & Rentals
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Current Estimated Value
$1,521,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,349
Avg. Annual Appreciation
1.78%
Original Mortgage
$975,000
Outstanding Balance
$786,808
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$734,541

Purchase Details

Closed on
Dec 11, 2009
Sold by
Mcgregor Diarmuid
Bought by
Langdon Invest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2009
Sold by
Deutsche Bank Natl T C
Bought by
Mcgregor Diarmuid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,600
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2007
Sold by
Carter Corry D and Deutsche Bank Natl T C
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Feb 19, 2003
Sold by
Ralph Lincoln E
Bought by
Carter Corry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.98%
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
Langdon Street Llc $1,300,000 --
Langdon Invest Llc $380,000 --
Mcgregor Diarmuid $142,000 --
Deutsche Bank Natl T C $400,005 --
Carter Corry D $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Langdon Street Llc $975,000
Previous Owner 54 Floyd Investments L $1,725,000
Previous Owner 54 Floyd Investments L $250,000
Previous Owner Langdon Invest Llc $285,000
Previous Owner Mcgregor Diarmuid $419,600
Previous Owner Ralph Lincoln E $400,000
Previous Owner Ralph Lincoln E $332,000
Previous Owner Ralph Lincoln E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $1,300,000 -1.9% $198 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $1,325,000 -- $202 / 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 $10,161 $877,500 $237,400 $640,100
2024 $10,027 $919,900 $251,200 $668,700
2023 $8,822 $821,400 $224,300 $597,100
2022 $8,678 $797,600 $217,800 $579,800
2021 $7,954 $745,500 $203,600 $541,900
2020 $6,887 $652,200 $187,000 $465,200
2019 $5,976 $567,000 $116,900 $450,100
2018 $5,306 $506,300 $116,900 $389,400
2017 $4,965 $468,800 $116,900 $351,900
2016 $4,484 $407,600 $116,900 $290,700
2015 $3,851 $318,000 $90,700 $227,300
2014 $3,882 $308,600 $90,700 $217,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72051845

MLS Property Information Network (MLS PIN)

APN: ROXB-000000-000008-000595-000010