NOT LISTED FOR SALE

Estimated Value: $880,000 - $1,118,925

8 Beds
3 Baths
2,856 Sq Ft
$350/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $980,000 $343 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,203/month

17 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Waterfront
  • William P. Gorman/Fort Banks Elementary School Rated A-
  • Spa
  • 4-minute walk to Highlands Beach

About This Home

As of September 2021

This is a fabulous piece of property!! You have a huge 2 family, which comes with an adorable single family behind it. The 2 family offers a huge living room & dining rooms in each unit with 3 very good size bedrooms. Hardwood floors modern kitchens & bathrooms. New kitchen on first floor, bathroom on first floor has a jacuzzi tub. The single family home is behind it!! The single family is absolutely adorable with modern kitchen & bathroom with 2 smaller bedrooms. Single home has electric heat & a pellett stove!! Off street parking for3 cars!!!Open house will be on multi family only!! Sunday June 6, 2021 from 1 -2;30-pm

Last Agent to Sell the Property

Maureen Crosby

Cottage Hill Real Estate Listed on: 06/04/2021

Last Buyer's Agent

Maureen Crosby

Cottage Hill Real Estate Listed on: 06/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,155

Lot Details

  • 4,792 Sq Ft Lot
  • Waterfront

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • Property has 1 Level
  • Insulated Windows
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Spa
  • Deck
  • Porch

Location

  • Property is near public transit and schools

Schools

  • Fort Banks Elementary School
  • Winthrop Middle School
  • Winthrop High School

Utilities

  • 2 Heating Zones
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,300
  • Assessor Parcel Number 1423585

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Additional Features

  • 3 Units
  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,155

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood, Unit 1(undefined)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 3(Ceiling Fans,Cathedral/Vaulted Ceilings,Bathroom with Shower Stall), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 3(Range), Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Spa Features: Unit 3 Jacuzzi/Whirlpool Soaking Tub
  • Spa YN: Yes
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: NB4108
  • MAIN SO: NB4108

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Deck - Vinyl
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Heating: Unit 1(Steam,Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, House of Worship, Marina, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1423585
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Lot Size Units: Acres
  • LOT SIZE: 5000

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8154.51

Multi Family

  • Net Operating Income: 14400
  • Number Of Units Total: 3
  • Total Actual Rent: 1300
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

MLS Schools

  • High School: Winthrop
  • Elementary School: Fort Banks
  • Middle Or Junior School: Winthrop

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Sep 22, 2021
Sold by
Arnold Ft
Bought by
Janoudi Mohamad
Seller's Agent
Maureen Crosby
Cottage Hill Real Estate
Buyer's Agent
Maureen Crosby
Cottage Hill Real Estate
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%
Current Estimated Value
$999,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,731
Avg. Annual Appreciation
0.44%
Original Mortgage
$880,646
Outstanding Balance
$801,322
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$198,409

Purchase Details

Closed on
May 13, 2019
Sold by
Arnold Gary J and Arnold Phyllis
Bought by
Arnold Ft

Purchase Details

Closed on
Oct 2, 1997
Sold by
Monteforte Florence J
Bought by
Arnold Gary J and Arnold Phyllis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.41%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Janoudi Mohamad $980,000 None Available
Arnold Ft -- --
Arnold Gary J $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janoudi Mohamad $880,646
Previous Owner Arnold Gary J $260,000
Previous Owner Arnold Gary J $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $980,000 -1.5% $343 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $995,000 -- $348 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $10,335 $1,001,500 $337,100 $664,400
2024 $9,934 $953,400 $324,000 $629,400
2023 $9,810 $916,800 $296,500 $620,300
2022 $8,039 $683,600 $264,900 $418,700
2021 $8,155 $643,100 $236,500 $406,600
2020 $8,135 $644,600 $236,500 $408,100
2019 $8,049 $610,700 $218,000 $392,700
2018 $7,981 $563,600 $187,100 $376,500
2017 $7,518 $521,700 $165,600 $356,100
2016 $7,550 $491,200 $144,000 $347,200
2015 $6,856 $478,100 $139,800 $338,300
2014 $6,835 $438,700 $130,000 $308,700
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72843852

MLS Property Information Network (MLS PIN)

APN: WINT-000051-000000-000032

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