NOT LISTED FOR SALE

Estimated Value: $7,927,082

6 Acres
$1,321,180 Price per Acre
261,360 Sq Ft Lot

Last Sold December 24, 2012

Last sale price $3,600,000

Est. 120% increase in value since last sale

Current estimated payment $43,948/month

94 Days on Market

Highlights

  • 6 Acre Lot
  • Wooded Lot
  • Tennis Courts
  • Property is near public transit
  • No HOA
  • 1-minute walk to Ferullo Field

About This Lot

As of December 2012

6.0 acre site zoned R-1 for single family development; recent zoning overlay established in 2009 for Senior Housing up to 150 units; Due diligence period begins on 11/10/09 and call for offers on 01/19/10. All proposals must have the following: Letter of Intent, evidence of financing, description of project; timeline of project, site plan showing proposed development, information on the development company.

Last Listed By

Stephen Braese

Century 21 North East Listed on: 11/09/2009

Property Details

Property Type

  • Land

Year Built

  • 1940

Lot Details

  • 6 Acre Lot
  • Property fronts a state road
  • Level Lot
  • Wooded Lot
  • Property is zoned SHO

Location

  • Property is near public transit

Schools

  • Linscott Elementary School
  • Kennedy Middle School
  • WMHS High School

Listing and Financial Details

  • Legal Lot and Block 02 / 01
  • Assessor Parcel Number 905456

Community Details

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Electricity Available at Street

Additional Features

  • No Home Owners Association
  • Shops

Property Details

Property Type

Land

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Buyer Agency: 2.0 NSP
  • Transaction Broker: 2.0 NSP
  • SUB AGENCY OFFERED: No
  • ResoPropertyType: Land
  • Special Features: None
  • Year Built (Public Record): 1940

Interior Features

  • MAIN LO: B80016
  • MAIN SO: B80016

Exterior Features

  • Frontage Length: 492
  • Home Warranty YN: No
  • Road Frontage Type: Public, State Road
  • Road Surface Type: Paved
  • Waterfront YN: No

Utilities

  • Sewer: Public Sewer
  • Gas: At Street
  • Electric: At Street
  • Water Source: Public

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 905456
  • Zoning: SHO
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Wooded
  • Lot Size Acres: 6
  • Lot Size Area: 6
  • Lot Size Sq Ft: 261360
  • Lot Size Units: Acres
  • PAGE: 276
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2010
  • Tax Block: 01
  • Tax Book Number: 7201
  • Tax Lot: 02
  • Tax Map Number: 18

MLS Schools

  • High School: Wmhs
  • Elementary School: Linscott
  • Middle Or Junior School: Kennedy Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2009
Closed on
Dec 24, 2012
Sold by
Bishop Roman Cath
Bought by
859 Main Dev Llc
Seller's Agent
Stephen Braese
Century 21 North East
Buyer's Agent
Stephen Braese
Century 21 North East
List Price
$6,000,000
Sold Price
$3,600,000
Premium/Discount to List
-$2,400,000
-40%
Total Days on Market
94
Current Estimated Value
$7,927,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,327,082
Avg. Annual Appreciation
6.64%
Original Mortgage
$2,700,000
Interest Rate
3.43%
Mortgage Type
Commercial

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
859 Main Dev Llc $3,600,000 --
859 Main Dev Llc $3,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 859 Main Dev Llc $8,800,000
Closed 859 Main Dev Llc $8,800,000
Closed 859 Main Dev Llc $2,700,000
Previous Owner Monarch Homes Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2012 12/24/12 Sold $3,600,000 -40.0% --
11/24/2012 11/24/12 Pending -- -- --
11/09/2009 11/09/09 For Sale $6,000,000 -- --
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 -- $4,493,900 $3,674,600 $819,300
2024 -- $4,493,900 $3,674,600 $819,300
2023 $0 $4,462,000 $3,642,700 $819,300
2022 $0 $4,420,500 $3,601,200 $819,300
2021 $11,362 $4,407,300 $3,588,000 $819,300
2020 $0 $4,407,300 $3,588,000 $819,300
2019 $47 $4,373,900 $3,554,700 $819,200
2018 $0 $4,373,900 $3,554,700 $819,200
2017 -- $4,316,300 $3,515,900 $800,400
2016 -- $4,316,300 $3,515,900 $800,400
2015 -- $2,456,400 $1,076,800 $1,379,600
2014 -- $2,456,400 $1,076,800 $1,379,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 70999820

MLS Property Information Network (MLS PIN)

APN: WOBU-000018-000007-000001