NOT LISTED FOR SALE

Estimated Value: $557,884 - $682,000

6 Beds
3 Baths
3,154 Sq Ft
$190/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $353,000 $112 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,309/month

146 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Thermal Windows
  • No HOA
  • 1 Car Detached Garage
  • Porch

About This Home

As of December 2018

Excellent Opportunity to own a 3 family property in the heart of Black Rock. Property well maintained and is currently fully leased. Features include newer roof, siding, windows, furnaces and water heaters. 1st floor unit with washer and dryer, 2nd & 3rd have own individual units in lower level. Positive Cash flow property with in walking distance to Saint Mary by the Sea. Property being sold As-Is.

Last Agent to Sell the Property

Daniel Ranocchia

Realty ONE Group Connect License #RES.0779415 Listed on: 06/04/2018

Realty ONE Group Connect

Last Buyer's Agent

Daniel Ranocchia

Realty ONE Group Connect License #RES.0779415 Listed on: 06/04/2018

Realty ONE Group Connect

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,846

Year Built

  • Built in 1915

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding
  • Stucco

Interior Spaces

  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Balcony
  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $48,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,846

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Neighborhood: Black Rock
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2290
  • Public Record Living Room Sq Ft: 2290
  • Sq Ft Est Heated Below Grade: 864
  • Total Sq Ft: 3154
  • Year Built: 1915
  • New Construction: Completed/Never Occupied
  • Nearby Amenities: Library, Park, Playground/Tot Lot, Public Transportation
  • Remarks Public Addendum: Heating is forced hot air and can have the potential to install Central Air System. Garage being rented out for an additional $100 per month to Tenant
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 3924
  • Directions: Fairfield Ave Right on Gilman to Harborview
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Unfinished
  • Laundry Room Location: 2nd&3rd floor units in basement
  • Laundry Room Info: Hook-Up In Unit 1, Washer/Dryer Some Units
  • Attic: No
  • Street Number Modifier: 25

Exterior Features

  • Exterior Features: Balcony, Gutters, Porch
  • Exterior Siding: Shingle
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Stucco

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Window Unit
  • Heat Type: Gas on Gas, Hot Air, Hot Water
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 1360

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: multi

Multi Family

  • Gross Annual Income: 48300
  • Net Operating Income: 31274
  • Unit Count: 6
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 11846
  • Total Assessed Value: 217880
  • Mil Rate Total: 54.370
  • Assessor Parcel Number: 10701

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
Jun 4, 2018
Closed on
Dec 26, 2018
Sold by
Marini Frank
Bought by
Chiang Shu
Seller's Agent
Daniel Ranocchia
Realty ONE Group Connect
Buyer's Agent
Daniel Ranocchia
Realty ONE Group Connect
List Price
$399,000
Sold Price
$353,000
Premium/Discount to List
-$46,000
-11.53%
Total Days on Market
146
Current Estimated Value
$599,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,721
Avg. Annual Appreciation
8.54%
Original Mortgage
$288,000
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2012
Sold by
Marini Frank
Bought by
Marini Frank

Purchase Details

Closed on
Aug 21, 2012
Sold by
Marini Frank
Bought by
Marini Frank

Purchase Details

Closed on
Dec 19, 2001
Sold by
Sakakini Imad
Bought by
Vansteenbergen Susan C and Steenbergen Craig B

Purchase Details

Closed on
Aug 31, 1994
Sold by
Citicorp Mtg Inc
Bought by
Sakakini Imad

Purchase Details

Closed on
Mar 25, 1992
Sold by
Moutinho Manuel
Bought by
Marini Frank

Purchase Details

Closed on
Mar 17, 1992
Sold by
Moutinho Manuel
Bought by
Marini Frank

Purchase Details

Closed on
Feb 13, 1992
Sold by
Bartoli Americo
Bought by
Marini Frank

Purchase Details

Closed on
Nov 7, 1991
Sold by
Bartoli Americo
Bought by
Marini Frank
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
Chiang Shu $360,000 --
Chiang Shu $360,000 --
Marini Frank -- --
Marini Frank -- --
Marini Frank -- --
Marini Frank -- --
Vansteenbergen Susan C $230,000 --
Vansteenbergen Susan C $230,000 --
Sakakini Imad $89,000 --
Marini Frank $97,000 --
Marini Frank $97,000 --
Marini Frank $81,000 --
Marini Frank $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiang Shu $295,000
Closed Marini Frank $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $353,000 -9.3% $112 / Sq Ft
10/28/2018 10/28/18 Pending -- -- --
07/10/2018 07/10/18 Price Changed $389,000 -2.5% $123 / Sq Ft
06/04/2018 06/04/18 For Sale $399,000 -- $127 / 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 $11,457 $263,680 $155,820 $107,860
2023 $11,457 $263,680 $155,820 $107,860
2022 $11,457 $263,680 $155,820 $107,860
2021 $11,457 $263,680 $155,820 $107,860
2020 $11,763 $217,880 $127,860 $90,020
2019 $11,763 $217,880 $127,860 $90,020
2018 $11,846 $217,880 $127,860 $90,020
2017 $11,846 $217,880 $127,860 $90,020
2016 $11,846 $217,880 $127,860 $90,020
2015 $9,727 $230,500 $111,860 $118,640
2014 $9,727 $230,500 $111,860 $118,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170091441

SmartMLS

APN: BRID-000131-000020