NOT LISTED FOR SALE

Estimated Value: $287,408 - $399,000

7 Beds
2 Baths
4,012 Sq Ft
$85/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $230,000 $57 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,253/month

120 Days on Market

Highlights

  • 35.12 Acre Lot
  • Fenced Yard
  • Entrance Foyer
  • American Four Square Architecture
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of July 2020

Phenomenal investment and income producing property. Feast your eyes on this brick 2 flat multi-family with attached 2 car garage parking or just a great business opportunity featuring this MIX-USE dwelling with related living.(ZONING B3-1) Rent one and live in the 4 bedroom apartment or rent out both and make money. All utilities are separate and close to all public transportation, stores and schools. Buy It Today....Move In Tomorrow.

Last Agent to Sell the Property

Sybil Martin

Coldwell Banker Realty License #471008659 Listed on: 01/30/2020

Coldwell Banker Realty

Co-Listed By

Paulette Edwards

Coldwell Banker Realty License #471011238

Last Buyer's Agent

Josefina Padilla

R.A. Homes & Associates, Inc. License #471021350

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,911

Year Built

  • Built in 1961 | Remodeled in 2018

Lot Details

  • 35.12 Acre Lot
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • American Four Square Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Entrance Foyer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Building Details

  • Insurance Expense $2,400
  • Water Sewer Expense $950
  • Gross Income $28,800
  • Net Operating Income $25,400

Additional Features

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,911

Year Built

Built in 1961 | Remodeled in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1961
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Room Type: Foyer
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dishwasher

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 225000
  • Lot Features: Common Grounds, Fenced Yard
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 950

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 35.12
  • Lot Dimensions: 4120
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 25400
  • Insurance Expense: 2400
  • GrossIncome: 28800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4911
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2020
Closed on
Jul 27, 2020
Sold by
Boatright Monty S and 59Th St Land Trust
Bought by
Arteaga Jasmin
Seller's Agent
Sybil Martin
Coldwell Banker Realty
Buyer's Agent
Josefina Padilla
R.A. Homes & Associates, Inc.
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%
Current Estimated Value
$352,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,430
Avg. Annual Appreciation
7.34%
Original Mortgage
$225,834
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 10, 1995
Sold by
Tauras Vytautas and Tauras Arvydas
Bought by
Meadors Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.41%
Mortgage Type
Commercial
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
Arteaga Jasmin $230,000 Heritage Title Company
Meadors Esther $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arteaga Jasmin $225,834
Previous Owner Boatright Monty S $151,000
Previous Owner Boatright Monty S $75,000
Previous Owner Meadors Esther $102,700
Previous Owner Meadors Esther $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $230,000 +2.2% $57 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $225,000 0.0% $56 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $225,000 0.0% $56 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $225,000 -- $56 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,990 $25,000 $2,060 $22,940
2023 $3,935 $18,000 $3,296 $14,704
2022 $3,935 $18,000 $3,296 $14,704
2021 $3,788 $18,000 $3,296 $14,704
2020 $4,665 $19,802 $3,296 $16,506
2019 $4,979 $23,026 $3,296 $19,730
2018 $4,911 $23,026 $3,296 $19,730
2017 $4,894 $21,131 $2,884 $18,247
2016 $4,616 $21,131 $2,884 $18,247
2015 $4,262 $21,131 $2,884 $18,247
2014 $4,065 $19,778 $2,678 $17,100
2013 $3,992 $19,778 $2,678 $17,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10622778

Midwest Real Estate Data (MRED)

APN: 19-13-222-039-0000