NOT LISTED FOR SALE

Estimated Value: $334,000 - $415,000

12 Beds
3 Baths
4,272 Sq Ft
$84/Sq Ft Est. Value

Last Sold June 24, 2019

Last sale price $192,500 $45 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,445/month

38 Days on Market

Highlights

  • Property is near public transit
  • Thermal Windows
  • Public Transportation
  • No HOA
  • Porch
  • Baseboard Heating

About This Home

As of June 2019

Opportunity to own a nice 3 family on a large corner lot across from Fulton Park with 10% CAP rate! The property is updated with vinyl siding, replacement windows, updated electrical and remodeled units. There are (3) large, 4 bed/1 bath apartments with approx. 1,400 SF each. The heat and hot water are electric and tenant paid. The rents are $1,000, $975 and $950 - all cold flat. Each unit has washer/dryer hook up off the kitchen. There is ample off-street parking behind the property. Great property for someone looking to invest in a turn key property with solid return. This can be purchased as part of a larger portfolio. The owner will stay on as management.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 03/25/2019

Oxford Realty

Last Buyer's Agent

Candice Skovera

Showcase Realty, Inc. License #RES.0809686

Showcase Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,723

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 4,272 Sq Ft Home
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms

Parking

  • Private Driveway
  • Paved Parking
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Porch

Location

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $34,629

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,723

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Neighborhood: Hillside
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4272
  • Public Record Living Room Sq Ft: 4272
  • Total Sq Ft: 4272
  • Year Built: 1930
  • Nearby Amenities: Park, Public Pool, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Cooke St to Pine St - Across from Fulton Park
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Unassigned Parking, Off Street Parking
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 34629
  • Unit Count: 3
  • Total Multi Family: 18
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4723
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1376798

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
Mar 25, 2019
Closed on
Jun 21, 2019
Sold by
Rescue Investors Llc
Bought by
Ramirez Vanessa and Harricharan Richard
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Candice Skovera
Showcase Realty, Inc.
List Price
$225,000
Sold Price
$192,500
Premium/Discount to List
-$32,500
-14.44%
Current Estimated Value
$360,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,805
Avg. Annual Appreciation
10.21%
Original Mortgage
$144,375
Outstanding Balance
$126,941
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$233,364

Purchase Details

Closed on
May 27, 2010
Sold by
Deutsche Bk
Bought by
Rescue Investors Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Lobue Rosalba E
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
May 12, 2003
Sold by
Nyambati Samuel R
Bought by
Lobue Rosalba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,550
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1998
Sold by
Cosme Rafael A
Bought by
Nyambatt Samuel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 1998
Sold by
Bridonn Llc
Bought by
Cosmc Rafael A
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
Ramirez Vanessa $192,500 --
Rescue Investors Llc $30,500 --
Deutsche Bank Natl T C -- --
Lobue Rosalba $123,000 --
Nyambatt Samuel R $118,000 --
Cosmc Rafael A $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Vanessa $144,375
Previous Owner Cosmc Rafael A $154,800
Previous Owner Cosmc Rafael A $104,550
Previous Owner Cosmc Rafael A $94,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2019 06/24/19 Sold $192,500 -14.4% $45 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $225,000 -- $53 / 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 $6,577 $146,230 $10,500 $135,730
2024 $7,230 $146,230 $10,500 $135,730
2023 $7,924 $146,230 $10,500 $135,730
2022 $4,398 $73,050 $10,500 $62,550
2021 $4,398 $73,050 $10,500 $62,550
2020 $4,398 $73,050 $10,500 $62,550
2019 $4,723 $78,440 $10,500 $67,940
2018 $4,723 $78,440 $10,500 $67,940
2017 $4,837 $80,340 $10,490 $69,850
2016 $4,837 $80,340 $10,490 $69,850
2015 $4,677 $80,340 $10,490 $69,850
2014 $4,677 $80,340 $10,490 $69,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170175875

SmartMLS

APN: WATE-000216-000713-000105