$450,000
SOLD JUL 25, 2019
6 Beds
6 Baths
4,209 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

5% Below List Price

61 Days on Market

Highlights

  • Property is near public transit
  • 3 Car Detached Garage
  • Porch
  • No HOA
  • Thermal Windows
  • Public Transportation

About This Home

As of July 2019

Great Location right off Main Street for this 7-year young Two-family rental home with historic 100% occupancy by college students fro SHU. Convenient location to Main and all nearby-amenities. Strong stable cashflow makes this and ideal investment opportunity. Serious inquiries only for showings as multiple tenants need to be notified. Detached 3-car secured garage offers additional cashflow that current owner does not collect. Sufficient off-street parking for all tenants. Unique opportunity to capitalize on this unique opportunity!

Last Agent to Sell the Property

Jim Cormier

Enterprise Realty, Inc. License #REB.0751297 Listed on: 05/25/2019

Last Buyer's Agent

Kenya Flavius

Keller Williams Realty Prtnrs.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,142

Year Built

  • Built in 2012

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,209 Sq Ft Home
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 3 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $46,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,142

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4209
  • Total Sq Ft: 4209
  • Year Built: 2012
  • Nearby Amenities: Public Transportation, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Encumbrances Restrictions: Alterations, Boats, Trailer(S)
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4209
  • Tax Year Updated Dt: 07/22/2019
  • Directions: Main to Beechmont to Springdale
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement Description: Full, Unfinished
  • Laundry Room Location: Washer Dryer Units in each basement
  • Laundry Room Info: Basement Hook-Up(s), Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 160

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 3
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank, Natural Gas
  • Water Source: Public Water In Street
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Energy Features: Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.1700
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R-B 2 Fam

Multi Family

  • Gross Annual Income: 46800
  • Net Operating Income: 34800
  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 9142
  • Total Assessed Value: 168150
  • Mil Rate Base: 54.000
  • Mil Rate Total: 54.370
  • Assessor Parcel Number: 36119

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2019
Closed on
Jul 24, 2019
Sold by
Foldy Thomas
Bought by
Noel Ronald and Noel Amanda
Seller's Agent
Jim Cormier
Enterprise Realty, Inc.
Buyer's Agent
Kenya Flavius
Keller Williams Realty Prtnrs.
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Current Estimated Value
$603,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,961
Avg. Annual Appreciation
5.03%
Original Mortgage
$427,500
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2019
Sold by
Foldy Michelle
Bought by
Foldy Thomas

Purchase Details

Closed on
May 22, 2009
Sold by
Fernandez Angel L and Perez Iris N
Bought by
Foldy Thomas F and Foldy Michelle A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 --
Warranty Deed $450,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $92,500 --
Warranty Deed $92,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,000 Balloon
Closed $427,500 Purchase Money Mortgage
Previous Owner $224,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Rented $2,500 0.0% --
07/14/2023 07/14/23 Under Contract -- -- --
06/28/2023 06/28/23 For Rent $2,500 0.0% --
07/25/2019 07/25/19 Sold $450,000 -5.3% $107 / Sq Ft
05/25/2019 05/25/19 For Sale $475,000 -- $113 / 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 $13,221 $304,290 $68,790 $235,500
2024 $13,221 $304,290 $68,790 $235,500
2023 $13,221 $304,290 $68,790 $235,500
2022 $13,221 $304,290 $68,790 $235,500
2021 $13,221 $304,290 $68,790 $235,500
2020 $9,078 $168,150 $41,680 $126,470
2019 $9,078 $168,150 $41,680 $126,470
2018 $9,142 $168,150 $41,680 $126,470
2017 $9,142 $168,150 $41,680 $126,470
2016 $9,142 $168,150 $41,680 $126,470
2015 $9,220 $218,490 $42,040 $176,450
2014 $8,506 $201,560 $42,040 $159,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170201770

SmartMLS

APN: BRID-002407-000005