NOT LISTED FOR SALE

Estimated Value: $88,000 - $115,000

6 Beds
2.5 Baths
3,412 Sq Ft
$30/Sq Ft Est. Value

Last Sold July 23, 2019

Last sale price $45,000 $13 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $649/month

114 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Heated Garage
  • 7 Car Attached Garage

About This Home

As of July 2019

WOW! What a spectacular Income Property! 7 or 8 car garage , and a huge loft over the 5 car garage! The first garage looks like a 2 car plus a single car garage with new 12 ft tall insulated doors. Yet it's 35 ft deep! and 2 stories tall with 12 ft. doors and loft that's 1016 sq. ft. Plus the inside is open to the next 2 Plus car garage. There are also 2 apts plus a beauty salon which can easily be transformed into a super cool apt. This whole property has newer vinyl siding & new replacement windows, newer GFA furnace & 3 breaker boxes. Inside has reznor heat. It's got it all! Heat, heavy duty electric, storage and plumbed for the mechanics minded homeowner or rent out the garage space too. All the appliances stay, newer paint and carpet inside. Only upstairs tenant now, but the 1st floor unit and the beauty salon are ready to go! Come see this outstanding value. Apt. 1, darling mud room, remodeled kitchen with stove, fridge, 2 big bedrooms, laundry rm., remodeled bath. Apt #2 has 3 bedrms, laundry rm. with pan for washer & space for gas dryer. New tub/shower surround in great bath, country kit. All appliances. 3rd flr master bedroom, newer carpet, windows, even emergency ladder. Apt. 3 beauty salon or 2 bedrm. apt. and #4 rental could be the garages! Super value. INVESTORS... here are the magic numbers annually ...Net Operating Income (NOI) $17,324, Gross Rent $22,080 (based on $640 rent for 4 units), Cash Flow $12,988.40, CAP Rate 20.87%, Cash on Cash Return 62.59%

Last Agent to Sell the Property

Cynthia Cursaro

Tri Sun Real Estate License #306081 Listed on: 02/11/2019

Last Buyer's Agent

Cynthia Cursaro

Tri Sun Real Estate License #306081 Listed on: 02/11/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.27 Acre Lot
  • Corner Lot
  • Unpaved Streets

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 7 Car Attached Garage
  • Heated Garage
  • Garage Drain
  • Parking Lot

Location

  • City Lot

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Fair View Farms Community

Listing and Financial Details

  • The owner pays for electric, gas, heating, sewer, trash collection, water
  • Assessor Parcel Number 39-395740

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 18.52
  • Estimated Price per Sq Ft: 18.52
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Total Sq Ft: 2430
  • Year Built: 1930
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1930

Interior Features

  • Appliances Equipment: Range, Refrigerator, Smoke Detector
  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Detail: Finished, Full
  • Sq Ft Approx Above Grade Finished: 2430.00
  • Sq Ft Approx Below Grade Finished: 982.00
  • Sq Ft Approx Total Finished: 3412.00

Exterior Features

  • Exterior: Vinyl, Wood
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved
  • Garage Features: Attached, Drain, Electric, Heated, Parking Lot, Water Available
  • Garage Num Of Cars: 7

Utilities

  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Fair View Farms

Schools

  • School District: Warren CSD
  • School District: Warren CSD

Lot Info

  • Lot Description: City Lot, Corner
  • Lot Size Units: Acres
  • Acres: 0.2658
  • Parcel Number: 39-395740

Rental Info

  • Owner Pays: Electric, Gas, Heating, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 3
  • Num Of Buildings: 1
  • Number of Units: 3
  • Percent Units Occupied: 33

Tax Info

  • Tax: 1156

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
Jul 15, 2019
Sold by
Love Ladda and Estate Of Richard E Love
Bought by
Mararri Dominic A
Seller's Agent
Cynthia Cursaro
Tri Sun Real Estate
Buyer's Agent
Cynthia Cursaro
Tri Sun Real Estate
List Price
$83,000
Sold Price
$45,000
Premium/Discount to List
-$38,000
-45.78%
Current Estimated Value
$100,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,096
Avg. Annual Appreciation
11.40%
Original Mortgage
$42,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2014
Sold by
Love Richard E and Love Ladda
Bought by
City Of Warren

Purchase Details

Closed on
Jan 1, 1990
Bought by
Richard E Love
Source: Public Records

Range of Values:

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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
Mararri Dominic A $45,000 None Available
City Of Warren $2,700 None Available
Richard E Love -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mararri Dominic A $42,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2019 07/23/19 Sold $45,000 -43.7% $13 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
04/25/2019 04/25/19 Price Changed $79,900 -3.7% $23 / Sq Ft
02/11/2019 02/11/19 For Sale $83,000 -- $24 / Sq Ft
Source: MLS Now

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
2024 $1,248 $24,650 $4,660 $19,990
2023 $1,248 $24,650 $4,660 $19,990
2022 $1,139 $17,580 $4,660 $12,920
2021 $1,141 $17,580 $4,660 $12,920
2020 $1,143 $17,580 $4,660 $12,920
2019 $1,161 $16,950 $4,660 $12,290
2018 $1,157 $16,950 $4,660 $12,290
2017 $1,139 $16,950 $4,660 $12,290
2016 $1,458 $22,470 $6,300 $16,170
2015 $1,448 $22,470 $6,300 $16,170
2014 $1,447 $22,580 $6,410 $16,170
2013 $1,435 $23,600 $6,410 $17,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4068109

MLS Now

APN: 39-395740