NOT LISTED FOR SALE

Estimated Value: $1,034,000 - $1,114,000

7 Beds
3 Baths
3,537 Sq Ft
$301/Sq Ft Est. Value

Last Sold February 06, 2025

Last sale price $1,065,000 $301 Per Sq Ft

Current estimated payment $6,557/month

20 Days on Market

Highlights

  • Living Room
  • Level Lot
  • 1-minute walk to Condor Street Overlook

About This Home

As of February 2025

Welcome to 5 Falcon St! Huge two family home with a spacious first floor 2 bed/1 bath unit, and a massive duplex 2nd/3rd floor 5 bed/2 bath with an office and private deck. Unit 1 is vacant, and Unit 2 is TAW and paying well under market rent at $2,950/month. Tons of potential for renovation and/or redevelopment, check out this property's zoning for a potential increase in unit count! Freestanding laundry room on first floor sets up perfectly for coin-op laundry to increase income, or use basement laundry hookup to allow each unit to have private laundry. Spacious backyard with direct entry into unit 1. See floor plan and matterport tour in attachments. One block from Meridian St @ Falcon St bus stop.

Last Agent to Sell the Property

Prospect Boston Team

Efron Property Group, LLC Listed on: 11/06/2024

Last Buyer's Agent

David Fasano

Streamline Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,966

Year Built

  • Built in 1900

Lot Details

  • 3,056 Sq Ft Lot
  • Level Lot
  • Irregular Lot

Interior Spaces

  • 3,537 Sq Ft Home
  • Property has 1 Level
  • Living Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 2 Units
  • Net Operating Income $55,800

Listing and Financial Details

  • Total Actual Rent $4,650
  • Assessor Parcel Number W:01 P:03598 S:000,1330410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,966

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 3537
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8446
  • MAIN SO: AN0218

Exterior Features

  • Foundation Details: Irregular
  • Home Warranty YN: No
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: W:01 P:03598 S:000,1330410
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3056
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9966

Multi Family

  • Net Operating Income: 55800
  • Number Of Units Total: 2
  • Total Actual Rent: 4650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Feb 6, 2025
Sold by
1S Reo Opportunity I Llc
Bought by
Najmi Mohammad T and Toledo Marina F
Seller's Agent
Prospect Boston Team
Efron Property Group, LLC
Buyer's Agent
David Fasano
Streamline Realty, LLC
List Price
$999,999
Sold Price
$1,065,000
Premium/Discount to List
$65,001
6.5%
Views
25
Current Estimated Value
$1,064,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$567
Avg. Annual Appreciation
-0.06%
Original Mortgage
$1,011,750
Outstanding Balance
$1,002,985
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$61,448

Purchase Details

Closed on
Sep 17, 2024
Sold by
5 Falcon Llc and Us Bank Na Tr
Bought by
1S Reo Opportunity 1 Llc

Purchase Details

Closed on
Aug 28, 2019
Sold by
Lopez Mirian
Bought by
5 Falcon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2018
Sold by
Olmsted Green Condo 2
Bought by
Yu Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2018
Sold by
Lopez Manuel and Lopez Mirian
Bought by
Lopez Mirian

Purchase Details

Closed on
Jul 16, 2018
Sold by
Lopez Manuel and Lopez Mirian
Bought by
Lopez Mirian

Purchase Details

Closed on
May 22, 2007
Sold by
Restrepo Maria and Medina Oscar O
Bought by
Lopez Manuel and Lopez Mirian

Purchase Details

Closed on
May 25, 2004
Sold by
Nguyen Long V
Bought by
Medina Oscar O and Restrepo Maria

Purchase Details

Closed on
Jun 26, 1997
Sold by
Zarrelli Angelina
Bought by
Nguyen Long V

Purchase Details

Closed on
Jul 11, 1996
Sold by
Zarrelli Steven R
Bought by
Zarrelli Angelina
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
Najmi Mohammad T $1,065,000 None Available
1S Reo Opportunity 1 Llc $900,000 None Available
1S Reo Opportunity 1 Llc $900,000 None Available
1S Reo Opportunity 1 Llc $900,000 None Available
5 Falcon Llc $1,000,000 --
Yu Benjamin $210,000 --
Yu Benjamin $210,000 --
Yu Benjamin $210,000 --
Lopez Mirian -- --
Lopez Mirian -- --
Lopez Mirian -- --
Lopez Mirian -- --
Lopez Mirian -- --
Lopez Mirian -- --
Lopez Manuel $475,000 --
Lopez Manuel $475,000 --
Medina Oscar O $436,000 --
Medina Oscar O $436,000 --
Nguyen Long V $60,000 --
Nguyen Long V $60,000 --
Zarrelli Angelina $120,000 --
Zarrelli Angelina $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Najmi Mohammad T $1,011,750
Closed Najmi Mohammad T $1,011,750
Previous Owner 5 Falcon Llc $672,000
Previous Owner Yu Benjamin $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2025 02/06/25 Sold $1,065,000 +6.5% $301 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $999,999 -- $283 / 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 $11,756 $1,015,200 $332,500 $682,700
2024 $9,966 $914,300 $263,100 $651,200
2023 $9,629 $896,600 $258,000 $638,600
2022 $9,115 $837,800 $241,100 $596,700
2021 $8,595 $805,500 $231,800 $573,700
2020 $7,179 $679,800 $227,700 $452,100
2019 $6,513 $617,900 $156,900 $461,000
2018 $5,782 $551,700 $156,900 $394,800
2017 $5,216 $492,500 $156,900 $335,600
2016 $5,128 $466,200 $156,900 $309,300
2015 $5,204 $429,700 $121,200 $308,500
2014 $4,709 $374,300 $121,200 $253,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73308151

MLS Property Information Network (MLS PIN)

APN: EBOS-000000-000001-003598