$2,000,000
SOLD JUN 29, 2021
16 Beds
16 Baths
10,858 Sq Ft
0.36 Acres

Recently Sold

$184 Per Sq Ft

11% Below List Price

35 Days on Market

Highlights

  • Water Views
  • 0.36 Acre Lot
  • Attic
  • Beach Access
  • Property is near public transit
  • 2 Fireplaces

About This Home

As of June 2021

A truly unique investment opportunity for an outstanding property! An opportunity to be an onsite landlord and live in a large renovated detached home of 3794 sq ft. while collecting rental income from 4 additional units! This property has 4 townhouse condos with 3 levels and a separate 2-floor house with a finished basement that is considered condo#5. Please look at the supplement with 4 condominiums and a house description for more clarity. Make note that the property taxes combined for all 5 units is $ 43,535.00. These units are located close to town and within walking distance to the beach. All 5 units are easy to rent and easy to maintain...an investor's dream!

Last Agent to Sell the Property

Maria McMorris

Higgins Group Real Estate License #RES.0768409 Listed on: 03/29/2021

Higgins Group Real Estate

Last Buyer's Agent

Carole Richner

Keller Williams Prestige Prop. License #RES.0804797

Keller Williams Prestige Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,087

Year Built

  • Built in 1959

Lot Details

  • 0.36 Acre Lot
  • Level Lot
  • Many Trees

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 10,858 Sq Ft Home
  • 2 Fireplaces
  • Water Views
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 16 Bedrooms

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Detached Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • 60+ Gallon Tank
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,087

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Neighborhood: Cove
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 10858
  • Public Record Living Room Sq Ft: 3794
  • Total Sq Ft: 10858
  • Year Built: 1959
  • Nearby Amenities: Basketball Court, Commuter Bus, Park, Playground/Tot Lot, Public Transportation, Tennis Courts, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5128
  • Tax Year Updated Dt: 03/18/2021
  • Directions: Seaside Avenue to Cove Road to Dean Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 16
  • Total Bathrooms: 16.00
  • Full Bathrooms: 11
  • Half Bathrooms: 5
  • Fireplaces: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Fully Finished, Heated, Cooled
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer Some Units
  • Attic: Yes
  • Street Number Modifier: 57

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Shake
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved, Driveway
  • Garages Number: 3

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 65 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

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: 0.3600
  • Lot Description: Water View, Level Lot, Treed
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Multi Res

Multi Family

  • Unit Count: 5
  • Total Multi Family: 34
  • Total Num Of Units: 5

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 9087
  • Total Assessed Value: 344860
  • Mil Rate Base: 25.330
  • Mil Rate Tax District: 1.020
  • Mil Rate Total: 26.350
  • Assessor Parcel Number: 2562241

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
May 26, 2021
Closed on
Jun 29, 2021
Sold by
Rotunno Lena
Bought by
Wonsos Ds Llc
Seller's Agent
Carole Richner
Keller Williams Prestige Prop.
Buyer's Agent
Irene Cheung
BHGRE Shore & Country
Sold Price
$5,250
Current Estimated Value
$784,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$779,233
Avg. Annual Appreciation
-22.47%
Original Mortgage
$1,500,000
Outstanding Balance
$1,366,905
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$683,731

Purchase Details

Closed on
Oct 19, 2007
Sold by
Rotunno George
Bought by
Rotunno Lena
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $600,000 None Available
Warranty Deed $600,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 Commercial
Closed $1,500,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Rented $5,250 0.0% --
06/29/2021 06/29/21 Sold $2,000,000 0.0% $184 / Sq Ft
06/08/2021 06/08/21 Under Contract -- -- --
05/26/2021 05/26/21 For Rent $5,000 0.0% --
05/03/2021 05/03/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $2,250,000 -- $207 / 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 $9,274 $387,690 $0 $387,690
2024 $9,056 $387,690 $0 $387,690
2023 $9,785 $387,690 $0 $387,690
2022 $9,370 $344,860 $0 $344,860
2021 $9,291 $344,860 $0 $344,860
2020 $9,087 $344,860 $0 $344,860
2019 $9,087 $344,860 $0 $344,860
2018 $8,804 $344,860 $0 $344,860
2017 $8,063 $299,850 $0 $299,850
2016 $7,832 $299,850 $0 $299,850
2015 $7,625 $299,850 $0 $299,850
2014 $7,433 $299,850 $0 $299,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170376949

SmartMLS

APN: STAM-000004-000000-004097-UT000000-5