$605,000
SOLD JUL 31, 2024
7 Beds
4 Baths
2,682 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

5% Above List Price

10 Days on Market

Highlights

  • Granite Flooring
  • Attic
  • Corner Lot
  • Deck
  • Sun or Florida Room
  • Enclosed patio or porch

About This Home

As of July 2024

Opportunity knocks!! Perfect for owner occupied or investors! Don't miss out on this rare opportunity to own a 3-family home in a sought-after location of Somerset! Apartment 1 has a kitchen, dining room, double parlor, 3-5 bedrooms, a year-round heated porch, and partially finished basement. Apartment 2 has a kitchen, dining room, double parlor, & 2 bedrooms. Apartment 3 is an addition that was added in the early 1990's and has an open floor plan that includes the kitchen and living room and has 1 bedroom with a walk-up attic for storage, a large bathroom with plenty of cabinet space, and a full basement with laundry. The roof is approximately 3 years old. All utilities are separate, there are 2 new hot water tanks, and the electric has been updated. With a little TLC this home could be worth so much more! Highest & best offers due by Monday June 24, 2024 @ 1:00!

Last Agent to Sell the Property

Cindy Cabral

New Road Realty Listed on: 06/13/2024

Last Buyer's Agent

Dawn Mercer

Keller Williams South Watuppa

Keller Williams South Watuppa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,275

Year Built

  • Built in 1935

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,682 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Storage
  • Range
  • Attic

Flooring

  • Wood
  • Carpet
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters

Community Details

  • 3 Units
  • Net Operating Income $20,400

Listing and Financial Details

  • Total Actual Rent $1,700
  • Rent includes unit 2(water), unit 3(water)
  • Assessor Parcel Number 2953023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,275

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1935
  • Buyer Agency: 2.0
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood, Vinyl, Carpet, Varies
  • Interior Amenities: Ceiling Fan(s), Storage, Walk-Up Attic, Living Room, Dining Room, Kitchen, Family Room, Sunroom, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
  • Living Area: 2682
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6458
  • LIST PRICE PER Sq Ft: 214.35
  • PRICE PER Sq Ft: 225.58
  • MAIN SO: AN3817

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Deck - Roof, Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Baseboard
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Rent Includes: Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2953023
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098
  • Lot Size Units: Acres
  • PAGE: 7
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5275
  • Tax Book Number: 1402

Multi Family

  • Gross Income: 20400
  • Net Operating Income: 20400
  • Number Of Units Total: 3
  • Total Actual Rent: 1700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Jul 1, 2024
Sold by
Moscarelli Nicola F Est and Moscarrell
Bought by
Kiernan Owen
Seller's Agent
Cindy Cabral
New Road Realty
Buyer's Agent
Dawn Mercer
Keller Williams South Watuppa
List Price
$574,900
Sold Price
$605,000
Premium/Discount to List
$30,100
5.24%
Views
79
Current Estimated Value
$614,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,454
Avg. Annual Appreciation
1.63%

Purchase Details

Closed on
Aug 12, 1982
Bought by
Moscarelli Nicola F
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 Type Sale Price Title Company
Fiduciary Deed $605,000 None Available
Fiduciary Deed $605,000 None Available
Deed $46,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 Adjustable Rate Mortgage/ARM
Previous Owner $112,000 No Value Available
Previous Owner $20,000 No Value Available
Previous Owner $115,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $605,000 +5.2% $226 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $574,900 -- $214 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $6,324 $475,500 $175,700 $299,800
2024 $5,711 $446,500 $175,700 $270,800
2023 $5,275 $416,000 $152,500 $263,500
2022 $5,074 $381,800 $131,100 $250,700
2021 $5,109 $348,000 $118,100 $229,900
2020 $5,030 $330,500 $118,600 $211,900
2019 $5,807 $318,200 $118,600 $199,600
2018 $4,773 $281,400 $109,900 $171,500
2017 $4,587 $263,600 $104,800 $158,800
2016 $4,616 $263,600 $104,800 $158,800
2015 $4,577 $263,800 $103,100 $160,700
2014 $6,407 $265,300 $103,100 $162,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73242283

MLS Property Information Network (MLS PIN)

APN: SOME-000001C-000000-000120