NOT LISTED FOR SALE

Estimated Value: $1,206,223 - $1,372,000

-- Bed
5 Baths
4,321 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $1,222,000 $283 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,760/month

37 Days on Market

Highlights

  • 29,141 Sq Ft lot
  • Screened Porch
  • Central Heating and Cooling System
  • Corner Lot
  • Ceramic Tile Flooring
  • 2 Car Garage

About This Home

As of March 2024

What a great opportunity to own this investment property! Large .669 acre corner lot with a duplex on each street. There is no HOA. One duplex has a two bedroom/one bath unit on each side. The other duplex is much larger with a two bedroom/one bath on one side and a large three bedroom/two bath unit that also has a family room, a laundry room and a 14X21 screened porch. In addition, there is an oversize 24X32 garage next to the three bedroom unit. All building exteriors have just been painted. All units are currently rented with the exception of the large garage, which is currently used as landlord storage, but could be another source of rental income. Each unit has it's own electric and water meters. If you are looking for a great Return on Investment, this is it!

Last Agent to Sell the Property

Greg Damon

Found It Homes LLC License #437365 Listed on: 02/17/2024

Last Buyer's Agent

Mery Vigoya

Century 21 WC Realty License #3129172

Century 21 WC Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,778

Year Built

  • Built in 1973

Lot Details

  • 0.67 Acre Lot
  • Fenced
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,321 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Screened Porch

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00424335100090010

Community Details

Overview

  • 4 Units
  • Royal Palm Estates Subdivision

Building Details

  • Operating Expense $20,000
  • Net Operating Income $78,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,778

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Directions: Southern Blvd west of Haverhill, take a right on Guava Ave to property on right at 416 Guava Ave
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Living Area: 4321.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Enclosed Porch, Fence, Patio
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio, Porch, Screened
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424335100090010
  • Lot Size: 1/2 to < 1 Acre,Corner L
  • Lot Size Sq Ft: 29141.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 78760.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7778.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
Mar 26, 2024
Sold by
Mabel F Damon Revocable Living Trust and Damon Steven
Bought by
Romo Ivan
Seller's Agent
Greg Damon
Found It Homes LLC
Buyer's Agent
Mery Vigoya
Century 21 WC Realty
List Price
$1,234,000
Sold Price
$1,222,000
Premium/Discount to List
-$12,000
-0.97%
Views
14
Current Estimated Value
$1,235,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,547
Avg. Annual Appreciation
3.90%
Original Mortgage
$617,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2016
Sold by
Damon Mabel F
Bought by
Damon Mabel F and Mabel F Damon Rlt

Purchase Details

Closed on
Aug 5, 1994
Sold by
Damon Charles A and Damon Mabel F
Bought by
Damon Charles A and Damon Mabel F
Source: Public Records

Range of Values:

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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
Romo Ivan $1,222,000 Producers Title
Damon Mabel F -- None Available
Damon Charles A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romo Ivan $617,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $1,222,000 -1.0% $283 / Sq Ft
02/17/2024 02/17/24 For Sale $1,234,000 -- $286 / Sq Ft
Source: BeachesMLS

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
2024 $11,953 $557,915 -- --
2023 $7,778 $323,976 $0 $0
2022 $7,026 $300,789 $0 $0
2021 $6,270 $378,310 $0 $0
2020 $6,406 $323,739 $0 $0
2019 $6,120 $300,682 $0 $0
2018 $5,567 $285,687 $0 $0
2017 $5,140 $259,398 $0 $0
2016 $4,905 $200,958 $0 $0
2015 $4,717 $189,972 $0 $0
2014 $4,575 $179,849 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10960770

BeachesMLS

APN: 00-42-43-35-10-009-0010