NOT LISTED FOR SALE

Estimated Value: $878,000 - $1,141,000

9 Beds
3 Baths
4,237 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $874,000 $206 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,183/month

113 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Shops
  • Property is near public transit
  • Porch
  • Coin Laundry

About This Home

As of May 2024

This is a contractor's special. In need of full rehab, at least $300k in repairs. The basics are solid and the area is an up and coming area. The yard is fenced and the property has 2 off street parking. Please note the property is being sold "AS IS". IT HAS SIGNIFICANT POTENTIAL.

Last Agent to Sell the Property

Cordover Browne

CEB Realty & Financial Services Listed on: 10/11/2023

Last Buyer's Agent

Cordover Browne

CEB Realty & Financial Services Listed on: 10/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,965

Year Built

  • Built in 1905

Lot Details

  • 3,920

Home Design

  • Triplex
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 4,237 Sq Ft Home
  • Wood Flooring
  • City Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • Porch
  • 3,920 Sq Ft Lot
  • Property is near public transit
  • 110 Volts

Listing and Financial Details

  • Total Actual Rent $7,500
  • Assessor Parcel Number 1361878

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $3,600
  • Insurance Expense $7,350
  • Water Sewer Expense $6,000
  • Operating Expense $31,962
  • Net Operating Income $58,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,965

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1905
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: 12
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 4237
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: NB2176
  • LIST PRICE PER Sq Ft: 200.38
  • PRICE PER Sq Ft: 206.28
  • MAIN SO: NB2176

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Electric: 110 Volts
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, House of Worship
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Parcel Number: 1361878
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3965.21
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Map Number: 0

Multi Family

  • Electric Expense: 3600
  • Gross Income: 139800
  • Insurance Expense: 7350
  • Net Operating Income: 58038
  • Number Of Units Total: 3
  • Operating Expense: 31962
  • Total Actual Rent: 7500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • 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 26, 2021
Closed on
Dec 10, 2021
Sold by
725 Morton Street Rt
Bought by
725 Morton Street Llc
Seller's Agent
Samantha Edwards
Compass
Buyer's Agent
Paul Minihane
Minihane Realty Group
List Price
$650,000
Sold Price
$725,000
Premium/Discount to List
$75,000
11.54%
Current Estimated Value
$969,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,667
Avg. Annual Appreciation
8.29%
Original Mortgage
$780,000
Interest Rate
3.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 2010
Sold by
Tuitt Michael H
Bought by
725 Morton Street Rt and Moore
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 Buyer Sale Price Title Company
725 Morton Street Llc $725,000 None Available
725 Morton Street Rt -- --
725 Morton Street Rt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jean Philyppe $211,710
Open Jean Philyppe $1,087,134
Closed Jean Philyppe $1,087,134
Closed Georges Endrise $1,209,604
Closed 725 Morton Street Llc $160,125
Closed 725 Morton Street Llc $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $874,000 +2.9% $206 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $849,000 0.0% $200 / Sq Ft
01/08/2024 01/08/24 For Sale $849,000 -14.9% $200 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $997,200 +37.5% $235 / Sq Ft
12/13/2021 12/13/21 Sold $725,000 +11.5% $171 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $650,000 -- $153 / 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 $9,937 $858,100 $241,700 $616,400
2024 $8,612 $790,100 $216,900 $573,200
2023 $7,930 $738,400 $202,700 $535,700
2022 $7,321 $672,900 $184,300 $488,600
2021 $7,180 $672,900 $184,300 $488,600
2020 $5,712 $540,900 $193,500 $347,400
2019 $5,181 $491,600 $139,900 $351,700
2018 $4,599 $438,800 $139,900 $298,900
2017 $4,556 $430,200 $139,900 $290,300
2016 $4,302 $391,100 $139,900 $251,200
2015 $4,285 $353,800 $105,300 $248,500
2014 $3,974 $315,900 $105,300 $210,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73168788

MLS Property Information Network (MLS PIN)

APN: MATT-000000-000014-003962