NOT LISTED FOR SALE

Estimated Value: $313,293 - $4,982,000

5 Beds
2.5 Baths
2,128 Sq Ft
$730/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $450,000 $211 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $9,019/month

69 Days on Market

Highlights

  • Hot Water Circulator
  • Hot Water Heating System
  • Level Lot

About This Home

As of June 2024

Investing in multi-unit residential properties indeed presents a unique opportunity for portfolio diversification and wealth generation. The immediate cash flow from rental income provides a steady stream of revenue, which can be particularly attractive during periods of market volatility. Additionally, the potential for asset appreciation over time can result in significant capital gains. The varying unit sizes in a two-unit building allow for flexibility in tenant demographics, which can lead to lower vacancy rates and a broader appeal in the rental market. Strategic updates and regular maintenance not only preserve but can enhance the property's value, making it an attractive proposition for both current income and future resale. It's a tangible asset that, with proper management, can yield substantial returns while providing housing solutions-a fundamental need in any community.

Last Agent to Sell the Property

James Montanaro

Coldwell Banker Realty License #RES.0789125 Listed on: 04/13/2024

Coldwell Banker Realty

Co-Listed By

Nicholas Mastrangelo

Coldwell Banker Realty License #REB.0756394

Last Buyer's Agent

Santiago Jaraba

Whitestone Real Estate Group License #REB.0795615

Whitestone Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,823

Year Built

  • Built in 1997

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,128 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1243996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,823

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2128
  • Total Sq Ft: 2128
  • Year Built: 1997
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: GPS FRIENDLY
  • Financing Used: Withheld
  • Living Area Sq Ft Per Public Record: 2128
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Full
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 377

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.14
  • Lot Description: Level Lot
  • Zoning: IH
  • Parcel #: 1243996

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5823
  • Total Assessed Value: 156520
  • Mil Rate Total: 37.2

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Jun 18, 2024
Sold by
Keter 2 Llc
Bought by
Barbecho Carmen R and Suquilanda Wilson R
Seller's Agent
James Montanaro
Coldwell Banker Realty
Buyer's Agent
Santiago Jaraba
Whitestone Real Estate Group
List Price
$440,000
Sold Price
$450,000
Premium/Discount to List
$10,000
2.27%
Views
252
Current Estimated Value
$1,553,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,103,323
Avg. Annual Appreciation
202.27%

Purchase Details

Listed on
May 29, 2021
Closed on
Nov 1, 2021
Sold by
Sze Realty Llc
Bought by
Keter 2 Llc
Seller's Agent
DeVante Roman
eXp Realty
Buyer's Agent
Katsiaryna Usovich
P2P Realty Group LLC
List Price
$274,900
Sold Price
$240,000
Premium/Discount to List
-$34,900
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.77%
Original Mortgage
$224,000
Interest Rate
3.01%
Mortgage Type
Commercial

Purchase Details

Listed on
May 29, 2021
Closed on
Oct 28, 2021
Sold by
Payne Mary and Echols Alice M
Bought by
Sze Realty Llc
Seller's Agent
DeVante Roman
eXp Realty
Buyer's Agent
Katsiaryna Usovich
P2P Realty Group LLC
List Price
$274,900
Sold Price
$240,000
Premium/Discount to List
-$34,900
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1997
Sold by
Corp Urban Homeowners
Bought by
Payne Maery and Echols Mariah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.81%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Barbecho Carmen R $4,500,000 None Available
Keter 2 Llc $280,000 None Available
Sze Realty Llc $240,000 None Available
Payne Maery $138,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keter 2 Llc $224,000
Previous Owner Payne Maery $315,000
Previous Owner Payne Maery $52,000
Closed Payne Maery $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $450,000 +2.3% $211 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $440,000 -2.2% $207 / Sq Ft
04/25/2024 04/25/24 Off Market $450,000 -- --
04/13/2024 04/13/24 For Sale $440,000 +83.3% $207 / Sq Ft
11/01/2021 11/01/21 Sold $240,000 -12.7% $113 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $274,900 0.0% $129 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
05/22/2021 05/22/21 For Sale $274,900 -- $129 / 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 $6,167 $156,520 $25,130 $131,390
2024 $6,026 $156,520 $25,130 $131,390
2023 $5,823 $156,520 $25,130 $131,390
2022 $6,222 $156,520 $25,130 $131,390
2021 $3,889 $88,620 $20,090 $68,530
2020 $3,889 $88,620 $20,090 $68,530
2019 $3,809 $88,620 $20,090 $68,530
2018 $3,809 $88,620 $20,090 $68,530
2017 $3,428 $88,620 $20,090 $68,530
2016 $3,031 $72,940 $13,370 $59,570
2015 $3,031 $72,940 $13,370 $59,570
2014 $3,031 $72,940 $13,370 $59,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24010226

SmartMLS

APN: NHVN-000171-000805-000605