$500,000
SOLD AUG 19, 2021
8 Beds
3 Baths
3,387 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$148 Per Sq Ft

23% Below List Price

18 Days on Market

About This Home

As of January 2022

ATTENTION INVESTORS". Bring your cash offers to capitalize on this rare investment opportunity offered for sale by an estate at a significant discount to Fair Market Value. This 3 family home with 8 bedrooms, 3 bathrooms and approximately 3,387 square feet of floor space and a lot size of 5,462 built in 1925 is offered "AS IS" and subject to two at-will tenants(no current leases) occupying the first and second floor units. The third floor is vacant and can be viewed. No interior access to the first and second floor units. This is an estate sale subject to Probate Court and approval/license to sell. The personal representative of the estate has been appointed.

Last Agent to Sell the Property

Michelle Cruise

Century 21 North East Listed on: 04/20/2021

Century 21 North East

Last Buyer's Agent

Michelle Cruise

Century 21 North East Listed on: 04/20/2021

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,292

Year Built

  • Built in 1925

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

  • 3,387 Sq Ft Home
  • Stone Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Shared Driveway
  • Open Parking

Listing and Financial Details

  • Total Actual Rent $2,500
  • Assessor Parcel Number M:103 R:055 S:,963328

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,292

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1925
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Sub Agent Compensation: 2.5
  • Sub Agency Type: %
  • Transaction Broker: 2.5
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 3387
  • Stories Total: 6
  • MAIN LO: AN4339
  • LIST PRICE PER Sq Ft: 176.85
  • PRICE PER Sq Ft: 147.62
  • MAIN SO: AN4339

Exterior Features

  • Foundation Details: Stone
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 3

Lot Info

  • Parcel Number: M:103 R:055 S:,963328
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5462
  • PAGE: 287

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6292
  • Tax Book Number: 38879

Multi Family

  • Gross Income: 30000
  • Net Operating Income: 30000
  • Number Of Units Total: 3
  • Total Actual Rent: 2500
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Jan 7, 2022
Sold by
M & Nk 8585 Llc
Bought by
Freire Clinton V and Freire Carine V
Seller's Agent
Michelle Cruise
Century 21 North East
Buyer's Agent
Regina Fortes
Vicente Realty, LLC
Sold Price
$600,000
Current Estimated Value
$776,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,656
Avg. Annual Appreciation
7.33%
Original Mortgage
$570,000
Outstanding Balance
$527,535
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$249,121

Purchase Details

Listed on
Apr 20, 2021
Closed on
Aug 18, 2021
Sold by
Raphael Ghislaine Est
Bought by
M & Nk 8585 Llc
Seller's Agent
Michelle Cruise
Century 21 North East
Buyer's Agent
Michelle Cruise
Century 21 North East
List Price
$649,000
Sold Price
$500,000
Premium/Discount to List
-$149,000
-22.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.60%
Original Mortgage
$250,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2010
Sold by
Victor Natasha
Bought by
Raphael Ghislaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2005
Sold by
Noel Lanita and Compas Soulana Millien
Bought by
Victor Natasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2002
Sold by
Resende Jesuino and Resende Catarina
Bought by
Noel Lanita and Compas Soulana Millien

Purchase Details

Closed on
Apr 14, 1994
Sold by
Pina Martin J
Bought by
Wilmington St Rt

Purchase Details

Closed on
Oct 31, 1990
Sold by
Monteiro Glenn M
Bought by
Pina Martin J

Purchase Details

Closed on
Nov 3, 1988
Sold by
Cavanaro James F
Bought by
Monteiro Glenn M

Purchase Details

Closed on
Oct 27, 1988
Sold by
Cavanaro James F
Bought by
Monteiro Glenn M
Source: Public Records

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    Section Image

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
Not Resolvable $600,000 None Available
Fiduciary Deed $500,000 None Available
Deed $150,000 --
Deed $350,000 --
Deed $259,000 --
Deed $5,500 --
Deed $245,000 --
Deed $209,900 --
Deed $209,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $570,000 Purchase Money Mortgage
Previous Owner $250,000 Purchase Money Mortgage
Previous Owner $142,500 Purchase Money Mortgage
Previous Owner $363,600 No Value Available
Previous Owner $280,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $600,000 -7.6% $177 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/03/2021 11/03/21 For Sale -- -- --
08/26/2021 08/26/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $649,000 +29.8% $192 / Sq Ft
08/19/2021 08/19/21 Sold $500,000 -23.0% $148 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $649,000 -- $192 / Sq Ft
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 $6,730 $555,700 $135,700 $420,000
2024 $7,152 $595,000 $135,700 $459,300
2023 $7,427 $572,200 $101,700 $470,500
2022 $6,978 $499,500 $92,200 $407,300
2021 $6,885 $474,800 $76,200 $398,600
2020 $6,292 $415,300 $71,900 $343,400
2019 $5,942 $382,400 $69,400 $313,000
2018 $8,424 $362,200 $69,400 $292,800
2017 $4,983 $309,500 $69,400 $240,100
2016 $5,022 $289,300 $67,200 $222,100
2015 $3,813 $210,100 $67,200 $142,900
2014 $3,972 $219,100 $67,200 $151,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72817501

MLS Property Information Network (MLS PIN)

APN: BROC-000103-000055