NOT LISTED FOR SALE

Estimated Value: $932,000 - $1,102,000

5 Beds
3 Baths
2,833 Sq Ft
$361/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $650,000 $229 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,317/month

101 Days on Market

Highlights

  • Beach Access
  • No HOA
  • Level Lot
  • Property is near public transit
  • Public Transportation

About This Home

As of May 2019

Great investment opportunity! 3 family with $53,400 gross income and $33,324 net income. Coin-op laundry in basement and plenty of storage. Improvements include Plumbing, Bathroom/Kitchen and the Porch. The house was also converted to Gas heat. Walk to train. Close to Downtown, Beach, Park and I95. Numbers work real well on this property.

Last Agent to Sell the Property

Andrew Davis

Berkshire Hathaway NE Prop. License #RES.0776864 Listed on: 02/14/2019

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Abdul Kader

Guy Bocicaut Real Estate License #RES.0785014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,979

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,833 Sq Ft Home
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

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

Utilities

  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $53,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,979

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Shippan
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2833
  • Public Record Living Room Sq Ft: 2833
  • Total Sq Ft: 2833
  • Year Built: 1900
  • Nearby Amenities: Park, Playground/Tot Lot, Public Transportation, Tennis Courts, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4924
  • Directions: Elm Street to Shippan Ave right on Wardwell St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Partial
  • Attic: No
  • Street Number Modifier: 25

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking

Utilities

  • Heat Type: Radiator
  • 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: 0.0900
  • Lot Description: Level Lot
  • Zoning: R5

Multi Family

  • Gross Annual Income: 53400
  • Net Operating Income: 33324
  • Unit Count: 3
  • Total Multi Family: 13
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 8979
  • Total Assessed Value: 351720
  • Mil Rate Base: 24.450
  • Mil Rate Tax District: 1.080
  • Mil Rate Total: 25.530
  • Assessor Parcel Number: 317791

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
Feb 14, 2019
Closed on
May 29, 2019
Sold by
Super Group Development and Loglisci
Bought by
Ali Shahnaz B and Alam Zahisul
Seller's Agent
Andrew Davis
Berkshire Hathaway NE Prop.
Buyer's Agent
Abdul Kader
Guy Bocicaut Real Estate
List Price
$679,000
Sold Price
$650,000
Premium/Discount to List
-$29,000
-4.27%
Current Estimated Value
$987,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,542
Avg. Annual Appreciation
6.59%
Original Mortgage
$634,920
Outstanding Balance
$560,559
Interest Rate
4.1%
Mortgage Type
FHA
Estimated Equity
$406,885

Purchase Details

Closed on
Nov 8, 2013
Sold by
Loglisci Lisa and Ventura Len J
Bought by
Super Group Dev Llc
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
Ali Shahnaz B $650,000 --
Ali Shahnaz B $650,000 --
Super Group Dev Llc -- --
Super Group Dev Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Shahnaz B $72,429
Open Ali Shahnaz B $634,920
Closed Ali Shahnaz B $634,920
Previous Owner Loglisci Lisa $375,000
Previous Owner Deyulio Andrew P $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $650,000 -4.3% $229 / Sq Ft
05/26/2019 05/26/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $679,000 +35.8% $240 / Sq Ft
05/17/2013 05/17/13 Sold $500,000 -16.5% $176 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
06/23/2012 06/23/12 For Sale $599,000 -- $211 / 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 $11,226 $469,310 $165,890 $303,420
2024 $10,963 $469,310 $165,890 $303,420
2023 $11,845 $469,310 $165,890 $303,420
2022 $9,716 $357,600 $130,670 $226,930
2021 $9,634 $357,600 $130,670 $226,930
2020 $9,268 $351,720 $130,670 $221,050
2019 $9,268 $351,720 $130,670 $221,050
2018 $8,979 $351,720 $130,670 $221,050
2017 $7,154 $266,060 $104,520 $161,540
2016 $6,949 $266,060 $104,520 $161,540
2015 $6,766 $266,060 $104,520 $161,540
2014 $6,596 $266,060 $104,520 $161,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170163224

SmartMLS

APN: STAM-000000-000000-005824