NOT LISTED FOR SALE

Estimated Value: $370,000 - $431,000

8 Beds
3 Baths
3,324 Sq Ft
$123/Sq Ft Est. Value

Last Sold July 21, 2017

Last sale price $225,000 $68 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,690/month

15 Days on Market

Highlights

  • Deck
  • No HOA
  • Thermal Windows
  • Property is near public transit
  • Balcony
  • Enclosed Patio or Porch

About This Home

As of July 2017

Attention Investors! This Cash Cow Property Is Fully Rented! Occupy One Unit And Let The Other 2 Pay For The Property Itself. Tenants Are Happy To Have Parking Available Year Round. Laundry Hook Ups For All Units. Quality Updates On The Property Includes Mechanical, Plumbing And Electrical. Lead Abated, Asbestos Free And Centrally Located. Minimal Cosmetic Updates Needed (If Any). Financial Analysis Document Provides Ideal Return On Investment. This Report Is Available To Eligible Parties Only.

Last Agent to Sell the Property

Priscilla Shabarekh

Platinum Realty Group LLC License #REB.0792038 Listed on: 05/08/2017

Platinum Realty Group LLC

Last Buyer's Agent

Priscilla Shabarekh

Platinum Realty Group LLC License #REB.0792038 Listed on: 05/08/2017

Platinum Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,484

Year Built

  • Built in 1919

Lot Details

  • 7,623 Sq Ft Lot
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,324 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring
  • Dirt Floor
  • Fire Suppression System

Parking

  • 1 Car Garage
  • Parking Deck
  • Gravel Driveway
  • Parking Garage Space
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting

Location

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

Schools

  • Pboe Elementary School
  • Pboe High School

Utilities

  • Heating System Uses Oil
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,484

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3updown - Unit(s) per Floor
  • Total Sq Ft: 3324
  • Year Built: 1919
  • Nearby Amenities: Commuter Bus, Shopping/Mall, Public Trash Pickup, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Encumbrances Restrictions: Easements
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: GPS: 887 Bank Street, New London
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 3
  • Basement Description: Concrete Floor, Dirt Floor
  • Interior Amenities: Cable - Available, Fire Suppression System
  • Laundry Room Location: Upper Level
  • Laundry Room Info: Basement Hook-Up(s), Common Laundry Area
  • Attic: No
  • Stories Number Of: 2
  • Street Number Modifier: 887

Exterior Features

  • Exterior Features: Balcony, Deck, Porch-Enclosed, Lighting, Outside Storage Area, Sidewalk, Underground Sprinkler
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Garage, Parking Lot, Paved
  • Garages Number: 1
  • Driveway Type: Asphalt, Gravel, Paved
  • Total Parking Spaces: 10

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: PBOE

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1750

Rental Info

  • Landlord Responsibility: Grounds Maintenance, Insurance, Maintenance/Repairs, Parking, Real Estate Taxes, Sewer, Snow Removal, Trash Service, Water
  • Lease Purchase: No

Multi Family

  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 3484
  • Total Assessed Value: 86100
  • Mil Rate Total: 40.460
  • Assessor Parcel Number: 1999301

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Aybar Angel L and Aybar Rosalyn S
Bought by
887 Bank Llc
Current Estimated Value
$408,570

Purchase Details

Listed on
May 8, 2017
Closed on
Jul 21, 2017
Sold by
Rasie Mark
Bought by
Aybar Angel L and Aybar Rosalyn S
Seller's Agent
Priscilla Shabarekh
Platinum Realty Group LLC
Buyer's Agent
Priscilla Shabarekh
Platinum Realty Group LLC
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
Original Mortgage
$220,924
Interest Rate
3.89%
Mortgage Type
FHA
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
887 Bank Llc -- None Available
887 Bank Llc -- None Available
Aybar Angel L $225,000 --
Aybar Angel L $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aybar Angel L $43,000
Previous Owner Aybar Angel L $212,669
Previous Owner Rasie Mark $220,924
Previous Owner Rasie Mark $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $225,000 -6.2% $68 / Sq Ft
05/08/2017 05/08/17 For Sale $239,900 -- $72 / 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 $5,571 $204,800 $31,900 $172,900
2024 $5,632 $204,800 $31,900 $172,900
2023 $4,578 $122,920 $25,480 $97,440
2022 $4,586 $122,920 $25,480 $97,440
2021 $4,665 $122,920 $25,480 $97,440
2020 $4,694 $122,920 $25,480 $97,440
2019 $4,905 $122,920 $25,480 $97,440
2018 $3,766 $86,100 $25,480 $60,620
2017 $3,811 $86,100 $25,480 $60,620
2016 $3,484 $86,100 $25,480 $60,620
2015 $3,400 $86,100 $25,480 $60,620
2014 $2,951 $86,100 $25,480 $60,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: E10219368

SmartMLS

APN: NLON-000025-000118-000106