NOT LISTED FOR SALE

Estimated Value: $2,157,000 - $2,665,000

0.18 Acre
$13,107,017 Price per Acre
7,841 Sq Ft Lot

Last Sold April 29, 2021

Last sale price $775,000 $557 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $14,160/month

9 Days on Market

About This Lot

As of April 2021

Attention all developers, looking for your next project, this wonderful location and lot will have you sold! A truly remarkable opportunity to purchase a 7600 plus square foot lot, in one of Arlington's most desirable neighborhoods Morningside/Turkey Hill location. The property, privately situated, on the corner of Hodge and Lovell, has a structure on it, which was damaged by a fallen tree. The land offers a wonderful development opportunity to build in this terrific location, close to area amenities and all that Arlington has to offer. Detailed package attached. Go to the Town of Arlington website to review the Zoning By Laws. You can walk the land but there is no access to the house.

Last Agent to Sell the Property

Steve McKenna

Gibson Sotheby's International Realty Listed on: 02/17/2021

Gibson Sotheby's International Realty

Co-Listed By

Anne Marie Kelly

Gibson Sotheby's International Realty

Last Buyer's Agent

Steve McKenna

Gibson Sotheby's International Realty Listed on: 02/17/2021

Gibson Sotheby's International Realty

Property Details

Property Type

  • Land

Lot Details

Schools

  • AHS High School

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Other Agent: 2.25
  • Comp Based On: Net Sale Price
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Main Lo: BB5918
  • Main So: BB5918

Utilities

  • Sewer: Public
  • Water: Public
  • Cable Available: Yes
  • Electric Features: On-Site
  • Gas: Nearby

Lot Info

  • Assessments: 674600.00
  • Zoning: R1
  • Acre: 0.18
  • Lot Size: 7678.00
  • Land Description: Level, Corner
  • Lots And Land Type: Residential
  • Page: 559
  • Zone Usage: Single Family

Tax Info

  • Taxes: 7650.00
  • Assessor Parcel Number: 325871
  • Tax Year: 2021

MLS Schools

  • Grade School: Stratton/Bishop
  • High School: AHS
  • Middle School: Ottoson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Serabian David and Wallace-Serabian Tracy
Bought by
Saverese Matthew J and Hill Danielle M
Current Estimated Value
$2,359,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,518,750
Outstanding Balance
$1,453,714
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$905,549

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 29, 2021
Sold by
Phyllis M Bennett Irt and Bennett
Bought by
Serabian David and Wallace-Serabian Tracy
Seller's Agent
Steve McKenna
Gibson Sotheby's International Realty
Buyer's Agent
Steve McKenna
Gibson Sotheby's International Realty
List Price
$650,000
Sold Price
$775,000
Premium/Discount to List
$125,000
19.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.31%
Original Mortgage
$1,110,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2012
Sold by
Bennett Phyllis M
Bought by
Phyllis M Bennett Irt and Bennett

Purchase Details

Closed on
Jan 16, 1976
Bought by
Phyllis M Bennett Irt
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
Saverese Matthew J $2,025,000 None Available
Serabian David $775,000 None Available
Phyllis M Bennett Irt -- --
Phyllis M Bennett Irt -- --
Phyllis M Bennett Irt $41,500 --
Phyllis M Bennett Irt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saverese Matthew J $1,518,750
Previous Owner Serabian David $1,110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $775,000 +19.2% $557 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $650,000 -- $467 / 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 $21,434 $1,990,200 $559,300 $1,430,900
2024 $20,161 $1,903,800 $559,300 $1,344,500
2023 $18,592 $1,658,500 $481,300 $1,177,200
2022 $7,801 $683,100 $455,200 $227,900
2021 $7,650 $674,600 $455,200 $219,400
2020 $7,461 $674,600 $455,200 $219,400
2019 $7,221 $641,300 $455,200 $186,100
2018 $6,991 $576,300 $390,200 $186,100
2017 $6,912 $550,300 $364,200 $186,100
2016 $6,378 $498,300 $312,200 $186,100
2015 $6,297 $464,700 $279,600 $185,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72786706

MLS Property Information Network (MLS PIN)

APN: ARLI-000098-000002-000003