NOT LISTED FOR SALE

Estimated Value: $1,515,000 - $2,013,000

8 Beds
4 Baths
2,720 Sq Ft
$665/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $1,950,000 $717 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $11,012/month

4 Days on Market

Highlights

  • Property is near public transit
  • Walking Distance to Water
  • Shops
  • Jogging Path
  • Park
  • ENERGY STAR Qualified Dryer

About This Home

As of July 2022

CONDO QUALITY 2021 GUT REHAB with a monthly cash flow of $9,500 ($114,000 annually) and has room to grow. This up and down multifamily property consists of three beautifully rehabbed units. Unit one is a 4 bed, 2 bath bi-level apartment with access to a private backyard. Both units two and three are 2 bed, 1 bath apartments. Each unit includes stunning quartz countertops, new stainless steel appliances, new washer/dryer in each unit, central A/C, new plumbing, new electrical, new windows, hard sprinkler line from the street, spray foam insulation and all other major items were replaced less than a year ago. Don't miss your chance to own an investment property that is truly turnkey. The property is a short walk from Andrew Square T-Station and just minutes away from major highways.

Last Agent to Sell the Property

George Bahnan

Bahnan Realty Company Listed on: 06/02/2022

Co-Listed By

Colin Goudas

Homefront Realty

Last Buyer's Agent

Casey Tenney

Reva Capital Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,253

Year Built

  • Built in 1900

Lot Details

  • 1,310 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 2,720 Sq Ft Home
  • Insulated Windows
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Walking Distance to Water
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $9,500
  • Assessor Parcel Number W:07 P:00400 S:000,1410248

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $114,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,253

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl
  • Fireplace YN: No
  • Appliances: Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range
  • Total Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Gas Dryer Hookup
  • Basement: Full
  • Living Area: 2720
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN3875
  • MAIN SO: AN3315

Exterior Features

  • Exterior Features: Sprinkler System
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Beach Front, Bay, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer
  • Electric: 200+ Amp Service
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, Private School, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: W:07 P:00400 S:000,1410248
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.03
  • Lot Size Sq Ft: 1310
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5253

Multi Family

  • Net Operating Income: 114000
  • Number Of Units Total: 3
  • Total Actual Rent: 9500
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Jul 21, 2022
Sold by
Seppala Jayme A and Seppala Rodney
Bought by
Tenney Casey
Seller's Agent
George Bahnan
Bahnan Realty Company
Buyer's Agent
Casey Tenney
Reva Capital Realty
List Price
$2,099,900
Sold Price
$1,950,000
Premium/Discount to List
-$149,900
-7.14%
Current Estimated Value
$1,809,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,565
Avg. Annual Appreciation
-2.17%
Original Mortgage
$1,365,000
Outstanding Balance
$1,281,632
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$527,803

Purchase Details

Closed on
May 11, 2022
Sold by
211 West Ninth Street Llc
Bought by
Seppala Jayme A and Seppala Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2018
Sold by
Helen Kane Irt and Dooley
Bought by
211 W 9Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,088,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2012
Sold by
Kane Helen
Bought by
Helen A Kane Irt and Dooley
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
Tenney Casey $1,950,000 None Available
Seppala Jayme A -- None Available
Seppala Jayme A -- None Available
211 W 9Th Street Llc $735,000 --
211 W 9Th Street Llc $735,000 --
Helen A Kane Irt -- --
Helen A Kane Irt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenney Casey $1,365,000
Previous Owner Seppala Jayme A $1,365,000
Previous Owner 211 W 9Th Street Llc $1,088,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $1,950,000 -7.1% $717 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $2,099,900 -- $772 / 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 $17,929 $1,548,300 $222,600 $1,325,700
2024 $15,307 $1,404,300 $232,200 $1,172,100
2023 $11,614 $1,081,400 $192,100 $889,300
2022 $5,785 $531,700 $205,100 $326,600
2021 $5,253 $492,300 $189,900 $302,400
2020 $5,333 $505,000 $190,900 $314,100
2019 $5,071 $481,100 $143,400 $337,700
2018 $4,803 $458,300 $143,400 $314,900
2017 $4,620 $436,300 $143,400 $292,900
2016 $4,173 $379,400 $143,400 $236,000
2015 $3,843 $317,300 $139,500 $177,800
2014 $3,493 $277,700 $139,500 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72991602

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000007-000400