NOT LISTED FOR SALE

1603 16th St Nitro, WV 25143

Estimated Value: $128,000 - $274,000

7 Beds
4 Baths
3,000 Sq Ft
$59/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $77,500 $26 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $1,057/month

20 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Forced Air Heating System
  • Wood Frame Window
  • Window Unit Cooling System
  • 5-minute walk to Memorial Park

About This Home

As of July 2018

GREAT INVESTMENT PROPERTY! 2- THREE BEDROOM UNITS AND 1- ONE BEDROOM UNIT.
ATTACHED GARAGE TO LOWER THREE BEDROOM UNIT. UTILITIES ALL PAID BY TENANTS. RECENT
IMPROVEMENTS AND FULLY OCCUPIED. GREAT CASH FLOW OPPORTUNITY!

Last Agent to Sell the Property

Brett Clutters

Selling WV-Real Estate Profess License #0024439 Listed on: 06/06/2018

Last Buyer's Agent

Ben Adkins

Berkshire Hathaway Home Services Professional Real License #0026132

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • Lot Dimensions are 54x54x65x65

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • Insulated Windows
  • Wood Frame Window
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Schools

  • Nitro Elementary School
  • Andrew Jackson Middle School
  • Nitro High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, gas, heat, sewer, water
  • The owner pays for common area maintenance, insurance, management, taxes, trash collection
  • Assessor Parcel Number 27-0004-0132-0000-0000

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $2,000
  • Gross Income $20,400
  • Net Operating Income $18,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

3,528 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 54x54x65x65
  • Directions: ROUTE 25 OR FIRST AVENUE IN NITRO TO 16TH STREET. SECOND PROPERTY ON THE LEFT.
  • Architectural Style: Triplex
  • Garage Yn: Yes
  • Structure Type: Triplex
  • Year Built: 1938
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Refrigerator
  • Owner Pays: Common Area Maintenance, Insurance, Management, Taxes, Trash Collection
  • Has Basement: Partial
  • Basement YN: Yes
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Living Area: 3000.0
  • Window Features: Insulated Windows, Wood Frames

Exterior Features

  • Waterfront: No
  • Construction Type: Frame
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, On Street

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Cable TV

Schools

  • Elementary School: Nitro
  • High School: Nitro
  • Middle Or Junior School: Andrew Jackson

Lot Info

  • Parcel #: 27-0004-0132-0000-0000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Air Conditioning, Electricity, Gas, Heat, Sewer, Water

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 20400.0
  • Property Net Operating Income: 18400.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 2112.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jul 27, 2018
Sold by
Clutters Brett and Clutters Staci
Bought by
Townsend Matthew A
Seller's Agent
Brett Clutters
Selling WV-Real Estate Profess
Buyer's Agent
Ben Adkins
Berkshire Hathaway Home Services Professional Real
List Price
$79,900
Sold Price
$77,500
Premium/Discount to List
-$2,400
-3%
Current Estimated Value
$178,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,915
Avg. Annual Appreciation
11.64%
Original Mortgage
$65,875
Outstanding Balance
$56,741
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$121,674

Purchase Details

Listed on
Apr 25, 2014
Closed on
Jun 19, 2014
Sold by
Laay Jerry D
Bought by
Clutters Brett
Seller's Agent
Chuck Boggs
River Valley Properties LLC
Buyer's Agent
Brett Clutters
Selling WV-Real Estate Profess
List Price
$69,900
Sold Price
$52,500
Premium/Discount to List
-$17,400
-24.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$44,500
Interest Rate
4.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Townsend Matthew A $77,500 Attorney
Clutters Brett $52,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townsend Matthew A $65,875
Previous Owner Clutters Brett $44,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2018 07/27/18 Sold $77,500 -3.0% $26 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $79,900 +52.2% $27 / Sq Ft
06/30/2014 06/30/14 Sold $52,500 -24.9% $18 / Sq Ft View Prior Sale
05/31/2014 05/31/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $69,900 -- $23 / Sq Ft
Source: Kanawha Valley Board of REALTORS®

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 $1,687 $53,340 $11,160 $42,180
2024 $1,687 $53,340 $11,160 $42,180
2023 $1,689 $53,340 $11,160 $42,180
2022 $1,690 $53,340 $11,160 $42,180
2021 $1,523 $47,940 $11,160 $36,780
2020 $1,524 $47,940 $11,160 $36,780
2019 $2,408 $75,720 $11,160 $64,560
2018 $2,174 $75,720 $11,160 $64,560
2017 $2,167 $75,720 $11,160 $64,560
2016 $2,163 $75,720 $11,160 $64,560
2015 $2,154 $75,720 $11,160 $64,560
2014 $1,045 $74,820 $11,160 $63,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Kanawha Valley Board of REALTORS®

MLS Number: 223801

Kanawha Valley Board of REALTORS®

APN: 27-4-01320000

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