NOT LISTED FOR SALE

Estimated Value: $1,448,000 - $1,546,000

4 Beds
4 Baths
2,429 Sq Ft
$609/Sq Ft Est. Value

Last Sold July 16, 2024

Last sale price $1,500,000 $618 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,846/month

11 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Garden
  • Malcolm X Elementary School Rated A
  • Tandem Parking
  • Coin Laundry

About This Home

As of July 2024

2416 Fulton is the investment property you have been waiting for! This gorgeous Victorian Fourplex is not only centrally located - just blocks to campus - but offers endless expansion potential with a full, standing height basement with laundry and a large back-yard with 3 off-street parking spots. All 4 units are 1 bed/1 bath, all are gorgeous in their own right, with plus spaces, extra nooks and something special to set them apart. 3 vacant units (#'s 2, 3 & 4) - one unit is tenant occupied (unit #1). Really must be seen in person to appreciate.

Last Listed By

Cameron Parkinson

District Homes License #01828320 Listed on: 05/31/2024

District Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,321

Year Built

  • Built in 1904

Lot Details

  • 4,000 Sq Ft Lot
  • Back and Front Yard Fenced
  • Rectangular Lot
  • Garden

Home Design

  • Quadruplex
  • Wood Siding

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5518914

Community Details

Overview

  • No Home Owners Association
  • 2,429 Sq Ft Building
  • Bridge Aor Association
  • South Campus Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,321

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Year Built: 1904
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Co List Office Mls Id: OBOBDH
  • Subdivision Name: SOUTH CAMPUS
  • Directions: Channing to Fulton
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood, Carpet, Other
  • Basement: Finished, Separate Entry, Unfinished, Full
  • Appliances: Dryer, Washer, Gas Water Heater
  • Total Bedrooms: 4

Exterior Features

  • Fencing: Back Yard, Front Yard
  • Lot Features: Regular
  • Construction Type: Wood Siding
  • Exterior Features: Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Tandem
  • Total Parking Spaces: 3

Utilities

  • Heating: Natural Gas
  • Utilities: All Public Utilities
  • Cooling: No Air Conditioning
  • Laundry Features: Coin Operated, In Basement
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 4000
  • Parcel Number: 5518914
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 12, 2024
Sold by
Schlaffer Lev and Lance Schlaffer Trust
Bought by
Peng Tony Wei and Xi Lu
Seller's Agent
Cameron Parkinson
District Homes
Buyer's Agent
Angela Xu
The Agency
List Price
$1,195,000
Sold Price
$1,500,000
Premium/Discount to List
$305,000
25.52%
Total Days on Market
11
Views
18
Current Estimated Value
$1,478,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,557
Avg. Annual Appreciation
-0.14%
Original Mortgage
$1,050,000
Outstanding Balance
$1,043,905
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$454,381

Purchase Details

Closed on
Jul 1, 2015
Sold by
Cederborg Mark L and Schlaffer Resulting Trust
Bought by
Schlaffer Lance and The Lance Schlaffer Trust

Range of Values:

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Average Value
Not Available
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
Peng Tony Wei $1,500,000 Chicago Title
Schlaffer Lance -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peng Tony Wei $1,050,000
Previous Owner Schlaffer Lance Sterling $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,500,000 -- --
07/16/2024 07/16/24 Sold $1,500,000 +25.5% $618 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $1,195,000 -- $492 / Sq Ft
Source: bridgeMLS

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 $7,321 $101,196 $82,207 $18,989
2023 $7,110 $99,212 $80,595 $18,617
2022 $6,844 $97,267 $79,015 $18,252
2021 $7,836 $95,360 $77,466 $17,894
2020 $6,046 $94,381 $76,671 $17,710
2019 $5,418 $92,531 $75,168 $17,363
2018 $5,246 $90,718 $73,695 $17,023
2017 $5,027 $88,939 $72,250 $16,689
2016 $4,609 $87,195 $70,833 $16,362
2015 $4,510 $85,885 $69,769 $16,116
2014 $4,558 $84,203 $68,403 $15,800
Source: Public Records

Agents Affiliated with this Home

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Source: bridgeMLS

MLS Number: 41061727

bridgeMLS

APN: 055-1891-004-00