NOT LISTED FOR SALE

Estimated Value: $242,907 - $378,000

6 Beds
3 Baths
2,808 Sq Ft
$107/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $165,000 $59 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,897/month

14 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Enclosed Patio or Porch
  • Attic
  • Thermal Windows
  • Storm Windows

About This Home

As of November 2021

Perfect investment opportunity! This 3 unit multi-family property offers its next owner a relatively low-maintenance opportunity to start or add to their portfolio. Tenants pay their own electric & gas (all units have easy electric heat/two units have gas water heaters & one unit has electric). Situated in lower Town Plot / the Brooklyn neighborhood; the location is ideal. Easy commuter spot for tenants as well as easy access to all the amenities the area. Recent renovations include a 6-year-old roof, newer windows, addition of an owner's electric meter, kitchens and baths were refreshed within the past 10 years and are of decent quality. Some rooms have refinished hardwood, vinyl, or tile. This property also features enclosed front and rear porches, a clean basement with tidy utilities, and off-street parking. Increase your return on your investment by bumping rents to market rates as current rents are $750/month. At $750/month per unit, this building has the ability to bring in $27,000 gross income, and if the rents are bumped to market rates, up to $33,900 or more! This one is a must-see!

Last Agent to Sell the Property

Zachary Nichols

West View Properties, LLC License #REB.0793001 Listed on: 09/17/2021

Last Buyer's Agent

Ashley Henry

The Washington Agency License #RES.0819783

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 2,808 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring
  • Storage In Attic
  • Storm Windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Shared Driveway
  • Dirt Driveway
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Location

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

Schools

  • Duggan Elementary School
  • John F. Kennedy High School

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,858

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Brooklyn Center
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2808
  • Public Record Living Room Sq Ft: 2808
  • Total Sq Ft: 2808
  • Year Built: 1920
  • Nearby Amenities: Basketball Court, Commuter Bus, Golf Course, Library, Medical Facilities, Park, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Washington Ave to James St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Storage Space
  • Basement Description: Full, Unfinished, Concrete Floor, Storage
  • Attic: Yes
  • Street Number Modifier: 20

Exterior Features

  • Exterior Features: Gutters, Porch-Enclosed, Sidewalk
  • Exterior Siding: Shake
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 30 Gallon Tank, 40 Gallon Tank, Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Duggan
  • Middle School: Per Board of Ed
  • High School: John F. Kennedy

Green Features

  • Energy Features: Storm Windows, Thermopane Windows

Lot Info

  • Acres: 0.0900
  • Lot Description: Level Lot
  • Zoning: RH

Multi Family

  • Gross Annual Income: 27000
  • Net Operating Income: 17782
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5858
  • Total Assessed Value: 97300
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1388591

MLS Schools

  • Elementary School: Duggan
  • Middle Jr High School: Per Board of Ed
  • High School: John F. Kennedy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Nov 29, 2021
Sold by
Emunah Llc
Bought by
Maldonado-Lopez Sergio R
Seller's Agent
Zachary Nichols
West View Properties, LLC
Buyer's Agent
Ashley Henry
The Washington Agency
List Price
$169,900
Sold Price
$165,000
Premium/Discount to List
-$4,900
-2.88%
Current Estimated Value
$299,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,977
Avg. Annual Appreciation
16.80%

Purchase Details

Listed on
Jul 6, 2016
Closed on
Aug 26, 2016
Sold by
Derienzo Real Estate D
Bought by
Emunah Llc
Seller's Agent
John Calabrese
Better Living Realty, LLC
Buyer's Agent
Levi Judqin
Brass Moon Realty
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$67,500
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2010
Sold by
Deutsche Bk
Bought by
Derienzo Re Dev Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2010
Sold by
Polanco Jose
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Jul 28, 2004
Sold by
Slossberg Burton H
Bought by
Derienzo Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,350
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Maldonado-Lopez Sergio R $165,000 None Available
Emunah Llc $90,000 --
Derienzo Re Dev Llc $40,000 --
Deutsche Bank Natl T C -- --
Derienzo Karen $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derienzo Karen $67,500
Previous Owner Derienzo Karen $40,000
Previous Owner Derienzo Karen $36,000
Previous Owner Derienzo Karen $57,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2021 11/30/21 Sold $165,000 -2.9% $59 / Sq Ft
09/17/2021 09/17/21 For Sale $169,900 +88.8% $61 / Sq Ft
08/18/2016 08/18/16 Sold $90,000 -9.9% $32 / Sq Ft View Prior Sale
07/08/2016 07/08/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $99,900 -- $36 / 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 $9,934 $220,850 $13,580 $207,270
2024 $10,919 $220,850 $13,580 $207,270
2023 $11,968 $220,850 $13,580 $207,270
2022 $5,858 $97,300 $13,550 $83,750
2021 $5,858 $97,300 $13,550 $83,750
2020 $5,858 $97,300 $13,550 $83,750
2019 $5,858 $97,300 $13,550 $83,750
2018 $5,858 $97,300 $13,550 $83,750
2017 $5,669 $94,150 $13,550 $80,600
2016 $5,669 $94,150 $13,550 $80,600
2015 $5,481 $94,150 $13,550 $80,600
2014 $5,481 $94,150 $13,550 $80,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170436272

SmartMLS

APN: WATE-000367-000686-000057