NOT LISTED FOR SALE

Estimated Value: $908,000 - $1,540,000

7 Beds
4 Baths
2,614 Sq Ft
$473/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $1,540,000 $589 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $8,611/month

13 Days on Market

Highlights

  • Engineered Wood Flooring
  • Cooling Available
  • Forced Air Heating System
  • No HOA
  • Tankless Water Heater
  • Dog Run

About This Home

As of April 2022

GOLD MINE in the Laurel! Amazing opportunity to own this revenue-generating compound with a total of 7 bedrooms and 4 bathrooms. The charming detached main house has 3 bedrooms, 2 baths, a new stainless steel kitchen, quartz countertops, new bathroom finishes, new everything. The revenue-generating duplex in the back is comprised of 2 units both with 2 bedrooms, 1 bath, and currently generates $5,400 in rental income. It's a great opportunity to live in the vibrant Laurel Village and receive rental income to offset your mortgage. The entire compound is new construction (2019) keeping your maintenance extremely low, highly efficient, and giving you peace of mind. All units have their own gas, electric, water meters so the owner only pays for garbage and sewer. The main house historically rents for $3,800 for a total potential rental income of $9,200. Great location with close access to 580, and vibrant retail districts with gyms, grocery, microbrewery, restaurants, & hardware store.

Last Agent to Sell the Property

Patrick Maccartee

The GRUBB Company License #02142693 Listed on: 03/22/2022

Last Buyer's Agent

Linda Yu

Compass License #02008801

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 6,000 Sq Ft Lot
  • Dog Run
  • Fenced
  • Front Yard Sprinklers
  • Back and Front Yard

Home Design

  • Triplex
  • Stucco

Interior Spaces

  • 2,614 Sq Ft Home
  • Window Treatments

Flooring

  • Engineered Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Carport Spaces
  • 2 Parking Spaces Included
  • Off-Street Parking

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Separate Meters
  • Natural Gas Connected
  • Individual Gas Meter
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Bridge Aor Association

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Fencing: Fenced
  • Lot Features: None
  • LotSizeAcres: 0.14
  • Has HOA?: No
  • Co List Office Mls Id: OBNRE
  • Special Conditions: Standard
  • Directions: 580 to Hight St to McArthur to 39th Ave
  • Basement: None
  • Has Basement?: No
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 2614
  • Year Built: 1906
  • Special Features: VirtualTour

Interior Features

  • Appliances: Tankless Water Heater
  • Total Bedrooms: 7
  • Flooring: Laminate, Tile, Engineered Wood
  • Window Features: Window Coverings

Exterior Features

  • Construction Type: Stucco
  • Exterior Features: Back Yard, Dog Run, Front Yard, Sprinklers Front

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: Yes
  • Has Attached Garage?: No
  • Parking Features: Carport - 2 Or More, Covered, Off Street, Space Per Unit - 2

Utilities

  • Heating: Forced Air
  • Heating Yn: Yes
  • Utilities: Natural Gas Connected, Individual Electric Meter, Individual Gas Meter

Condo/Co-op/Association

  • Association Name: Bridge AOR

Lot Info

  • Lot Size Sq Ft: 6000

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2023
Sold by
So Kirk
Bought by
Beowulf Properties Llc
Current Estimated Value
$1,274,667

Purchase Details

Closed on
Nov 19, 2019
Sold by
Cornerstone Capital Investments Llc
Bought by
Graham Mary D

Purchase Details

Closed on
Nov 8, 2017
Sold by
Fazlo Angela
Bought by
Cornerstone Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,250
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2016
Sold by
Fazio Angela
Bought by
Fazio Angela

Purchase Details

Closed on
Feb 20, 2008
Sold by
Fazio Gio Batta and Fazio Angela
Bought by
Fazio Gio Batta and Fazio Angela
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Beowulf Properties Llc -- None Listed On Document
Graham Mary D $1,325,000 Old Republic Title Company
Cornerstone Investment Properties Llc $372,500 Old Republic Title Company
Fazio Angela -- None Available
Fazio Gio Batta -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cornerstone Investment Properties Llc $335,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2022 04/22/22 Sold $1,540,000 +18.5% $589 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $1,299,888 -- $497 / Sq Ft
Source: bridgeMLS

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 $23,354 $1,634,247 $490,274 $1,143,973
2024 $23,354 $1,602,215 $480,664 $1,121,551
2023 $24,612 $1,570,800 $471,240 $1,099,560
2022 $21,534 $1,365,491 $409,647 $955,844
2021 $20,611 $1,338,726 $401,618 $937,108
2020 $20,382 $1,325,000 $397,500 $927,500
2019 $6,496 $379,950 $113,934 $266,016
2018 $6,361 $372,500 $111,700 $260,800
2017 $1,683 $37,280 $27,546 $9,734
2016 $1,527 $36,549 $27,006 $9,543
2015 $1,512 $36,000 $26,600 $9,400
2014 $1,353 $35,295 $26,079 $9,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 40985780

bridgeMLS

APN: 030-1920-002-00