NOT LISTED FOR SALE

Estimated Value: $724,000 - $921,000

8 Beds
4 Baths
3,176 Sq Ft
$266/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $925,000 $291 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,899/month

7 Days on Market

Highlights

  • Corner Lot
  • Cooling Available
  • Wall Furnace
  • No HOA
  • Fenced
  • 3-minute walk to Eula M. Brinson Park

About This Home

As of December 2021

Great investment opportunity with this well-maintained fourplex!! Each unit is two bedrooms and one bath. The building is fully occupied with all on-time tenants paying rent a total of $6585/month. The owner renovated the flooring and copper plumbing upgrades. Repainted exterior walls and fences and made repairs on dry rot on the way. In addition, the owner installed a new roof as well as brand new landscaping. Along with a gated parking lot with parking space for all tenants. This building should generate cash flow for you for a long time!

Last Agent to Sell the Property

Crystal Florida

Compass License #01926266 Listed on: 10/21/2021

Compass

Co-Listed By

Passion Chambers

First Class Realty & Mtg License #01941720

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,043

Year Built

  • Built in 1964

Lot Details

  • 5,300 Sq Ft Lot
  • Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Stucco

Flooring

  • Laminate Flooring

Parking

  • Private Parking
  • Parking Lot

Utilities

  • Cooling Available
  • Wall Furnace

Community Details

  • No Home Owners Association
  • 3,176 Sq Ft Building
  • Bay East Association

Listing and Financial Details

  • Assessor Parcel Number 4345531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,043

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: SPSP04
  • Directions: International Blvd-> 85th Ave -> Holly
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement: None
  • Other Equipment: None
  • Interior Amenities: Storage

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Side Yard Access, Private

Utilities

  • Heating: Wall Furnace
  • Cooling: Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5300
  • Parcel Number: 4345531
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Dec 1, 2021
Sold by
Ali Adel M
Bought by
Tesfay Daniel Andeberhan and Adal Samrawit Weldemicael
Seller's Agent
Crystal Florida
Compass
List Price
$849,000
Sold Price
$925,000
Premium/Discount to List
$76,000
8.95%
Current Estimated Value
$843,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,133
Avg. Annual Appreciation
-2.42%
Original Mortgage
$693,750
Outstanding Balance
$639,210
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$204,657

Purchase Details

Closed on
Feb 2, 2015
Sold by
Lopez Liliana Medina
Bought by
Velasco Adrian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,900
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2007
Sold by
Ahmed Neda
Bought by
Ali Adel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2000
Sold by
Wright Walter and Estate Of Amanda Harvey
Bought by
Ali Adel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,750
Interest Rate
7.89%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Tesfay Daniel Andeberhan $925,000 Orange Coast Ttl Co Of Nocal
Velasco Adrian F -- First American Title
Ali Adel M -- Alliance Title Company
Ali Adel M $260,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tesfay Daniel Andeberhan $693,750
Previous Owner Ali Adel M $400,000
Previous Owner Ali Adel $1,000,000
Previous Owner Velasco Adrian F $175,900
Previous Owner Ali Adel M $390,000
Previous Owner Ali Adel M $750,000
Previous Owner Ali Adel M $358,750
Previous Owner Ali Adel M $218,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $925,000 -- --
12/09/2021 12/09/21 Sold $925,000 +9.0% $291 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $849,000 -- $267 / Sq Ft
Source: Bay East Association of REALTORS®

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 $16,043 $981,610 $294,483 $687,127
2024 $16,043 $962,370 $288,711 $673,659
2023 $16,730 $943,500 $283,050 $660,450
2022 $16,091 $925,000 $277,500 $647,500
2021 $7,452 $348,000 $104,400 $243,600
2020 $7,358 $344,431 $103,329 $241,102
2019 $6,803 $337,680 $101,304 $236,376
2018 $6,657 $331,060 $99,318 $231,742
2017 $6,277 $324,570 $97,371 $227,199
2016 $6,037 $318,207 $95,462 $222,745
2015 $5,997 $313,430 $94,029 $219,401
2014 $6,221 $307,291 $92,187 $215,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 40971797

Bay East Association of REALTORS®

APN: 043-4553-001-00