NOT LISTED FOR SALE

Estimated Value: $654,401 - $813,000

11 Beds
5 Baths
8,568 Sq Ft
$85/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $519,000 $61 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,173/month

32 Days on Market

Highlights

  • The property is located in a historic district
  • Attic
  • No HOA
  • Finished Attic
  • 2 Fireplaces
  • Balcony

About This Home

As of November 2021

Excellent positive cash flow well maintained Multi family on a quite block, preserving the old charm with the new updates. Side by side 3 units, 2 unit front and 3rd from back entrance. Townhouse style. Basement could be 4th unit. Consist of 21 rooms, 11 Bedrooms, 3 full and 2 half bathrooms, Total Square Feet - 6,192 not including basement. Plenty of parking behind the property and also parking on street. Units are rented with stable tenants 7 years, 5 years & 2 years are month to month after their first year. Walking distance to school, YMCA. Newly renovated floors & new appliances, Furnace and water heaters 3 years old. Affordable gas heat, Renovation done in 2015. 4 Bedroom unit with 2 storage, 1.5 bath, living, dinning, sitting area & eat in kitchen, Access to attic. Roof 5 years old. Walk out Basement with 2 entrance, New concrete floor. Sewer line replaced in 2019, Water and plumbing connections in the basement. Please do your due diligence about the possibility of another unit in the basement. Water meter separate. Laundry hookups in all 3 units. Owner pays water, sewer & pest control. Units are under market value. Convenient location with easy access to all major highways, Train station, ferry and public transportation. West Ave property comes under the National Register of Historic Places. Seller is motivated!

Last Agent to Sell the Property

Babita Singh

The Bella Group, LLC License #RES.0776840 Listed on: 09/30/2021

Last Buyer's Agent

Babita Singh

The Bella Group, LLC License #RES.0776840 Listed on: 09/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,744

Year Built

  • Built in 1900

Lot Details

  • 8,712

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 2 Fireplaces
  • Concrete Flooring

Bedrooms and Bathrooms

  • 11 Bedrooms

Attic

  • Walkup Attic
  • Finished Attic

Basement

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

Parking

  • Private Driveway
  • Unpaved Parking

Outdoor Features

  • Balcony
  • Porch

Utilities

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

Additional Features

  • 8,712 Sq Ft Lot
  • The property is located in a historic district

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,744

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Style: 3sides - Units Are Side-by-Side
  • Sq Ft Est Heated Above Grade: 6192
  • Public Record Living Room Sq Ft: 6192
  • Sq Ft Est Heated Below Grade: 2376
  • Total Sq Ft: 8568
  • Year Built: 1900
  • Remarks Public Addendum: Property sale "as is" Inspection for information purpose only. Unit 236 dinning room, outside & bathroom light fixtures wont stay.
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 9727
  • Directions: Myrtle Ave to Prospect St to West Ave
  • Special Features: None

Interior Features

  • Total Bedrooms: 11
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Fireplaces: 2
  • Attic Description: Walk-up, Finished
  • Basement Description: Full With Walk-Out, Concrete Floor
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 234

Exterior Features

  • Exterior Features: Balcony, Porch
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage Parking Info: Unpaved
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Gas on Gas
  • 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: 0.2000
  • Lot Description: Historic District
  • Flood Zone: No
  • Zoning: RC

Multi Family

  • Gross Annual Income: 54600
  • Net Operating Income: 36247
  • Unit Count: 3
  • Total Multi Family: 21
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 13744
  • Total Assessed Value: 316320
  • Mil Rate Base: 43.450
  • Mil Rate Total: 43.450
  • Assessor Parcel Number: 16043

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
Sep 30, 2021
Closed on
Nov 2, 2021
Sold by
Kaushik Naresh and Kaushik Neeru
Bought by
Parchment Ramon and Watsonparchment Nadene
Seller's Agent
Babita Singh
The Bella Group, LLC
Buyer's Agent
Babita Singh
The Bella Group, LLC
List Price
$529,000
Sold Price
$519,000
Premium/Discount to List
-$10,000
-1.89%
Current Estimated Value
$731,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,850
Avg. Annual Appreciation
9.26%
Original Mortgage
$509,599
Outstanding Balance
$469,208
Interest Rate
2.88%
Mortgage Type
FHA
Estimated Equity
$247,935

Purchase Details

Closed on
Dec 14, 2001
Sold by
Howland House Assoc Lp
Bought by
Kaushik Naresh and Kaushik Neeru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,300
Interest Rate
9.1%
Source: Public Records

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Range of Values:

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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
Parchment Ramon $519,000 None Available
Parchment Ramon $519,000 None Available
Kaushik Naresh $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parchment Ramon $509,599
Closed Parchment Ramon $509,599
Previous Owner Kaushik Naresh $230,300
Previous Owner Kaushik Naresh $151,300
Previous Owner Kaushik Naresh $8,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $519,000 -1.9% $61 / Sq Ft
09/30/2021 09/30/21 For Sale $529,000 -- $62 / 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
2024 $13,812 $317,880 $38,260 $279,620
2023 $13,812 $317,880 $38,260 $279,620
2022 $13,812 $317,880 $38,260 $279,620
2021 $13,744 $316,320 $38,260 $278,060
2020 $15,360 $284,500 $25,660 $258,840
2019 $14,136 $261,820 $25,660 $236,160
2018 $14,235 $261,820 $25,660 $236,160
2017 $14,235 $261,820 $25,660 $236,160
2016 $14,235 $261,820 $25,660 $236,160
2015 $12,407 $294,000 $36,050 $257,950
2014 $12,407 $294,000 $36,050 $257,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170441689

SmartMLS

APN: BRID-000948-000004