NOT LISTED FOR SALE

Estimated Value: $324,000 - $410,824

6 Beds
3 Baths
2,960 Sq Ft
$124/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $325,000 $110 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,350/month

8 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • 3 Car Detached Garage
  • Attic
  • No HOA
  • Enclosed Patio or Porch

About This Home

As of July 2023

10+% ROI, TURN KEY investment opportunity on corner lot with lots of updates! The unit mix consists of all 2 bed, 1 bath apartments w/EIK & LR = approx. 985 SF each. All 3 units are updated with newer flooring, fixtures, kitchens, baths and paint.! Property features a newer roof (5 yrs old), all new boilers (2 yrs old), new hot water heaters (2 yrs old) and replacement windows throughout. Washer/dryer hook-ups in basement. The utilities are separate and tenant paid with gas heat and electric hot water. Owner pays water/sewer. There is ample off-street parking w/detached three-car garage for additional income. Rents below market = opportunity for value add. Looking for a turn key, low maintenance investment w/over 10% ROI? This is it!

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 05/21/2023

Oxford Realty

Last Buyer's Agent

Rosa Toledo

Toledo Realty License #REB.0792829

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,629

Year Built

  • Built in 1918

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,960 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Crawl Space

Parking

  • 3 Car Detached Garage
  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,629

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Neighborhood: W.O.W
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2960
  • Public Record Living Room Sq Ft: 2960
  • Total Sq Ft: 2960
  • Year Built: 1918
  • Nearby Amenities: Commuter Bus, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 06/12/2023
  • Directions: Cherry St to Walnut St OR E Farms St to Walnut St
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Location: basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 222

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Masonry
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Unpaved, Off Street Parking
  • Garages Number: 3
  • Driveway Type: Gravel
  • Total Parking Spaces: 5

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • 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: 0.1300
  • Lot Description: Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 36300
  • Net Operating Income: 24353
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5629
  • Total Assessed Value: 103880
  • Mil Rate Base: 54.190
  • Mil Rate Total: 54.190
  • Assessor Parcel Number: 1379923

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2023
Closed on
Jul 14, 2023
Sold by
Goncalves Joao and Goncalves Maria
Bought by
Ortiz Freddy M and Puma Luz B
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Rosa Toledo
Toledo Realty
List Price
$289,900
Sold Price
$325,000
Premium/Discount to List
$35,100
12.11%
Views
159
Current Estimated Value
$367,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,956
Avg. Annual Appreciation
7.11%
Original Mortgage
$185,000
Outstanding Balance
$180,950
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$195,498

Purchase Details

Closed on
Jun 22, 2010
Sold by
Fhlmc
Bought by
Goncalves Joao and Goncalves Maria

Purchase Details

Closed on
Jan 11, 2010
Sold by
Wells Fargo Bk and Americas Servicing Co
Bought by
Fhlmc

Purchase Details

Closed on
Jan 4, 2010
Sold by
Steinberg-Pollak Rhoda
Bought by
Wells Fargo Bk

Purchase Details

Closed on
Dec 23, 2003
Sold by
Leogrande Bldgs Remode
Bought by
Pollak Rhonda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,400
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2001
Sold by
Washington Mutual Bk
Bought by
Leogrange Bldg & Remodel

Purchase Details

Closed on
May 12, 1999
Sold by
Morrison Jsoeph L and Green Lydia
Bought by
Lane Alan

Purchase Details

Closed on
Jul 10, 1997
Sold by
Hasipi Hasip and Hasipi Derim
Bought by
Morrison Joseph L and Green Lydia
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
Ortiz Freddy M $325,000 None Available
Goncalves Joao $22,700 --
Fhlmc -- --
Wells Fargo Bk -- --
Pollak Rhonda S $92,000 --
Leogrange Bldg & Remodel $15,000 --
Lane Alan $46,000 --
Morrison Joseph L $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Freddy M $185,000
Previous Owner Goncalves Joao $122,500
Previous Owner Hasipi Hasip $56,000
Previous Owner Hasipi Hasip $64,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2023 07/25/23 Sold $325,000 +12.1% $110 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/21/2023 05/21/23 For Sale $289,900 -- $98 / 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 $4,673 $103,880 $6,160 $97,720
2024 $5,136 $103,880 $6,160 $97,720
2023 $5,629 $103,880 $6,160 $97,720
2022 $2,808 $46,630 $6,180 $40,450
2021 $2,808 $46,630 $6,180 $40,450
2020 $2,808 $46,630 $6,180 $40,450
2019 $2,808 $46,630 $6,180 $40,450
2018 $2,808 $46,630 $6,180 $40,450
2017 $2,845 $47,250 $6,170 $41,080
2016 $2,845 $47,250 $6,170 $41,080
2015 $2,751 $47,250 $6,170 $41,080
2014 $2,751 $47,250 $6,170 $41,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170571809

SmartMLS

APN: WATE-000256-000575-000201