$1,958,040
SOLD OCT 18, 2024
9 Beds
7 Baths
4,227 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$463 Per Sq Ft

6% Below List Price

15 Days on Market

Highlights

  • Marina
  • Open Floorplan
  • Property is near public transit
  • Medical Services
  • Deck
  • 3-minute walk to Prescott Square

About This Home

As of October 2024

INVESTORS. Check out this new construction 3 family with beautiful finishes, quality craftsmanship and FULLY LEASED! The building features (1) 3+ bedroom/3 bath duplex on the first and second floors with (2) 3 bedroom/2 bath flats on the upper floors. The units have open floorplan living/dining/kitchen spaces, nice sized bedrooms including a primary with an ensuite bath, decks, in-unit laundry + fully separated utilities including sub-metered water. Interior finishes include hardwood floors, crown moldings, shaker-style kitchen cabinets with quartz counters and stainless appliances, and gorgeous baths with large format tiles and quality fixtures. Superior life safety with a sprinkler and fire alarm system as well as a back yard round out this offering. GROSS INCOME ECLIPSING $148,000 ANNUALLY AND LOW EXPENSES MAKE THIS THE PERFECT INVESTMENT/1031 TAX EXCHANGE!

Last Agent to Sell the Property

The Residential Group

William Raveis R.E. & Home Services Listed on: 09/16/2024

William Raveis R.E. & Home Services

Last Buyer's Agent

Anthony Fava

Sun Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,229

Year Built

  • Built in 1900

Lot Details

  • 2,500 Sq Ft Lot
  • Near Conservation Area
  • Cleared Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,227 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Skylights
  • Insulated Windows
  • Combination Dining and Living Room
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 3 Cooling Zones
  • 3 Heating Zones

Listing and Financial Details

  • Total Actual Rent $12,345
  • Assessor Parcel Number 1333809

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $19,000
  • Net Operating Income $129,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,229

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Transaction Broker: 2.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Crown Molding, Open Floorplan, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area: 4227
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Skylight(s), Insulated Windows
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 490.89
  • PRICE PER Sq Ft: 463.22
  • MAIN SO: NB4392

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 3
  • Hot Water: Tankless

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1333809
  • Zoning: 3F-2000
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5229
  • Tax Book Number: 0

Multi Family

  • Gross Income: 148140
  • Net Operating Income: 129140
  • Number Of Units Total: 3
  • Operating Expense: 19000
  • Total Actual Rent: 12345
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2014
Sold by
Magner Ann
Bought by
Magner Thomas W
Current Estimated Value
$1,749,402

Purchase Details

Closed on
Jun 14, 2001
Sold by
Arena Frances A
Bought by
Acosta Santiago D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,175
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Quit Claim Deed -- --
Deed $254,900 --
Quit Claim Deed -- --
Deed $254,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,460,000 Stand Alone Refi Refinance Of Original Loan
Closed $343,200 New Conventional
Closed $236,600 Unknown
Closed $150,000 Adjustable Rate Mortgage/ARM
Previous Owner $60,000 No Value Available
Previous Owner $191,175 Purchase Money Mortgage
Previous Owner $18,000 No Value Available
Closed $50,950 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $1,958,040 0.0% $463 / Sq Ft
10/08/2024 10/08/24 Off Market $3,650 -- --
10/08/2024 10/08/24 Off Market $3,675 -- --
10/01/2024 10/01/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $2,075,000 0.0% $491 / Sq Ft
02/15/2024 02/15/24 For Rent $3,650 -0.7% --
02/15/2024 02/15/24 For Rent $3,675 -- --
Source: MLS Property Information Network (MLS PIN)

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 $8,424 $727,500 $146,700 $580,800
2024 $5,188 $476,000 $99,700 $376,300
2023 $3,421 $318,500 $99,700 $218,800
2022 $4,881 $448,600 $188,100 $260,500
2021 $4,603 $431,400 $180,900 $250,500
2020 $3,852 $364,800 $172,300 $192,500
2019 $3,345 $317,400 $130,100 $187,300
2018 $3,025 $288,600 $130,100 $158,500
2017 $2,804 $264,800 $130,100 $134,700
2016 $2,856 $259,600 $130,100 $129,500
2015 $2,529 $208,800 $103,300 $105,500
2014 $2,366 $188,100 $103,300 $84,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73290662

MLS Property Information Network (MLS PIN)

APN: EBOS-000000-000001-000191