NOT LISTED FOR SALE

Estimated Value: $933,000 - $1,257,000

9 Beds
3 Baths
3,192 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $703,000 $220 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $7,263/month

134 Days on Market

Highlights

  • Beach Access
  • No HOA
  • Porch
  • Property is near public transit
  • 2 Car Detached Garage
  • Public Transportation

About This Home

As of August 2019

Three Family on quiet Cul De-sac. Well maintained with many updates. Great income producing property. Long term tenants all on month to month leases. Large 2 car detached garage. All separate utilities for each unit. Improvements include Bathroom/ Kitchen Updates, flooring and new sewer line installed. Walking distance to Train, downtown, Beach and Park. Gross Monthly income is $4,800. Monthly NET income is $3,273. Annual NET income is $39,276.

Last Agent to Sell the Property

Andrew Davis

Berkshire Hathaway NE Prop. License #RES.0776864 Listed on: 02/14/2019

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Irene Cheung

BHGRE Shore & Country License #RES.0800750

BHGRE Shore & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,925

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • 3,192 Sq Ft Home
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Storage

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Public Water Access
  • Walking Distance to Water
  • Porch

Location

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

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,925

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Neighborhood: Shippan
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3192
  • Public Record Living Room Sq Ft: 3192
  • Total Sq Ft: 3192
  • Year Built: 1930
  • Nearby Amenities: Basketball Court, Commuter Bus, Health Club, Park, Playground/Tot Lot, Public Transportation, Tennis Courts, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4868
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Shippan Ave to Hanover Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full, Shared Basement, Unfinished, Storage
  • Attic: No
  • Street Number Modifier: 21

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Water Community, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Driveway, Off Street Parking
  • Garages Number: 2

Utilities

  • Cooling System: Window Unit
  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1200
  • Lot Description: Level Lot
  • Zoning: R5

Multi Family

  • Gross Annual Income: 57600
  • Net Operating Income: 39276
  • Unit Count: 3
  • Total Multi Family: 15
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 9925
  • Total Assessed Value: 388750
  • Mil Rate Base: 24.450
  • Mil Rate Tax District: 1.080
  • Mil Rate Total: 25.530
  • Assessor Parcel Number: 332807

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
21 Hanover St Llc
Bought by
Li Ming F
Current Estimated Value
$1,151,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Outstanding Balance
$457,000
Interest Rate
2.7%
Mortgage Type
Balloon
Estimated Equity
$681,869

Purchase Details

Closed on
Oct 31, 2019
Sold by
Li Ming F
Bought by
21 Hanover St Llc

Purchase Details

Listed on
Feb 14, 2019
Closed on
Jun 6, 2019
Sold by
Super Hanover Llc
Bought by
Li Ming F
Seller's Agent
Andrew Davis
Berkshire Hathaway NE Prop.
Buyer's Agent
Irene Cheung
BHGRE Shore & Country
List Price
$729,000
Sold Price
$703,000
Premium/Discount to List
-$26,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$492,100
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2017
Sold by
Loglisci Lisa
Bought by
Super Group Hanover Ll

Purchase Details

Closed on
Jul 19, 2016
Sold by
Super Group Hanover Ll
Bought by
Loglisci Lisa
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
Li Ming F -- None Available
Li Ming F -- None Available
21 Hanover St Llc -- --
21 Hanover St Llc -- --
Li Ming F $703,000 --
Li Ming F $703,000 --
Super Group Hanover Ll -- --
Super Group Hanover Ll -- --
Loglisci Lisa -- --
Loglisci Lisa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Ming F $104,139
Open Li Ming F $507,500
Closed Li Ming F $507,500
Previous Owner Li Ming F $492,100
Previous Owner Loglisci Lisa $375,000
Previous Owner Loglisci Lisa $393,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $703,000 -3.6% $220 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $729,000 +38.9% $228 / Sq Ft
08/16/2013 08/16/13 Sold $525,000 -7.9% $123 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $569,900 -- $134 / 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 $12,010 $502,080 $185,790 $316,290
2024 $11,729 $502,080 $185,790 $316,290
2023 $12,672 $502,080 $185,790 $316,290
2022 $10,562 $388,750 $146,320 $242,430
2021 $10,473 $388,750 $146,320 $242,430
2020 $10,244 $388,750 $146,320 $242,430
2019 $10,244 $388,750 $146,320 $242,430
2018 $9,925 $388,750 $146,320 $242,430
2017 $8,268 $307,470 $117,070 $190,400
2016 $8,031 $307,470 $117,070 $190,400
2015 $7,819 $307,470 $117,070 $190,400
2014 $7,622 $307,470 $117,070 $190,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170163225

SmartMLS

APN: STAM-000002-000000-002793