NOT LISTED FOR SALE

Estimated Value: $497,000 - $636,000

4 Beds
2 Baths
1,700 Sq Ft
$340/Sq Ft Est. Value

Last Sold March 27, 2024

Last sale price $565,000 $332 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,540/month

4 Days on Market

Highlights

  • Private Waterfront
  • Property is near public transit
  • Living Room
  • Lake View
  • Jogging Path
  • Shops

About This Home

As of March 2024

OPEN HOUSE CANCELLED/OFFER ACCEPTED.The perfect INVESTOR/LANDLORD opportunity! A fully renovated and vacant multifamily offering 2 units overlooking the beautiful Indian Lake! This newly renovated home in this great community is offering 2 bedrooms and 1 bathroom per unit. The first floor presents gleaming hardwoods, an updated kitchen, in-unit laundry area with plenty of room for storage. The upstairs unit offers beautiful, upgraded flooring throughout, new cabinets, a large closet in the primary bedroom, a new water heater and an in-unit laundry room. In this unit you'll see a stunning view of the lake and have private access to the very tranquil backyard and patio. Start or grow your rental portfolio here with this turnkey investment property or maximize your opportunity as a first-time homebuyer with a unit to rent out.

Last Listed By

Amber Martin

Lamacchia Realty, Inc. Listed on: 02/11/2024

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,615

Year Built

  • Built in 1920

Lot Details

  • 4,959 Sq Ft Lot
  • Private Waterfront
  • Fenced

Property Views

  • Lake
  • Scenic Vista

Home Design

  • Manufactured Home on a slab
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Range
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $5,000
  • Legal Lot and Block 00019 / 15
  • Assessor Parcel Number M:13 B:015 L:00019,1775205

Community Details

Recreation

  • Jogging Path

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,615

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Living Room, Kitchen, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Washer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 1700
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2314
  • LIST PRICE PER Sq Ft: 308.82
  • PRICE PER Sq Ft: 332.35
  • MAIN SO: AN7349

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Slab
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Asphalt/Composition Shingles
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Electric: 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:13 B:015 L:00019,1775205
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4959
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3615
  • Tax Block: 15
  • Tax Book Number: 0
  • Tax Lot: 00019
  • Tax Map Number: 13

Multi Family

  • Gross Income: 60000
  • Net Operating Income: 60000
  • Number Of Units Total: 2
  • Total Actual Rent: 5000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Waterview: Lake, Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 1990
Sold by
Broderick Thomas
Bought by
Broderick Thomas
Total Days on Market
4
Current Estimated Value
$578,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,500
Interest Rate
9.64%
Mortgage Type
Purchase Money Mortgage

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
Broderick Thomas $6,500 --
Broderick Thomas $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drozdowski Piotr $555,544
Closed Drozdowski Piotr $554,766
Closed Mcgorty Ryan M $192,000
Closed Mccorty Ryan M $34,000
Closed Broderick Thomas F $85,000
Closed Broderick Thomas $6,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $565,000 +7.6% $332 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/11/2024 02/11/24 For Sale $525,000 -- $309 / 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 $4,015 $304,400 $97,300 $207,100
2024 $3,884 $282,500 $97,300 $185,200
2023 $3,615 $252,100 $84,600 $167,500
2022 $3,434 $225,800 $67,700 $158,100
2021 $2,979 $183,000 $54,200 $128,800
2020 $2,825 $166,200 $54,200 $112,000
2019 $2,887 $160,400 $48,700 $111,700
2018 $2,844 $150,400 $48,700 $101,700
2017 $2,716 $141,300 $48,700 $92,600
2016 $2,611 $126,700 $36,200 $90,500
2015 $2,543 $126,700 $36,200 $90,500
2014 $2,476 $126,700 $36,200 $90,500
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73201399

MLS Property Information Network (MLS PIN)

APN: WORC-000013-000015-000019