NOT LISTED FOR SALE

Estimated Value: $779,000 - $965,000

5 Beds
3 Baths
2,197 Sq Ft
$378/Sq Ft Est. Value

Last Sold March 25, 2019

Last sale price $590,000 $269 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,443/month

21 Days on Market

Highlights

  • Beach Access
  • Finished Attic
  • No HOA
  • Property is near public transit
  • Attic
  • 2 Car Detached Garage

About This Home

As of March 2019

Well maintained two family home in Great Location! walking distance to beach, Chelsea Piers & shops. Both units and are rented with excellent tenants in place. First floor unit is a spacious 2 bedroom apartment, with an eat in kitchen, large living room, 2 full size bedrooms, access to backyard, unit 2 is on two levels, with eat in kitchen, large living room, large bedroom, den, full bath on first level, 2nd level has a den , spacious bedroom & full bath, Both units are currently leased under market, garage is also rented at $450 per month, separate utilities tenants pay their own gas & electric

Last Agent to Sell the Property

Vi Iaropoli

Coldwell Banker Realty License #RES.0759491 Listed on: 01/31/2019

Coldwell Banker Realty

Co-Listed By

Peter Rosato

Coldwell Banker Realty License #REB.0755017

Last Buyer's Agent

Abdul Kader

Guy Bocicaut Real Estate License #RES.0785014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,320

Year Built

  • Built in 1917

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,197 Sq Ft Home
  • Finished Attic

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 2 Car Detached Garage
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

  • Property is near public transit

Schools

  • K.T. Murphy Elementary School
  • Turn Of River Middle School
  • Westhill High School

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $44,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,320

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Neighborhood: Cove
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2197
  • Public Record Living Room Sq Ft: 2197
  • Total Sq Ft: 2197
  • Year Built: 1917
  • Nearby Amenities: Medical Facilities, Park, Public Transportation
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3538
  • Directions: Cove Rd to Avery
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Finished
  • Basement Description: Full, Unfinished, Storage
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s), Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 89

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Driveway, Off Street Parking
  • Garages Number: 2
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Gas on Gas, Zoned
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: K.T. Murphy
  • Middle School: Turn of River
  • High School: Westhill

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R5

Multi Family

  • Gross Annual Income: 44100
  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 8320
  • Total Assessed Value: 325890
  • Mil Rate Base: 24.450
  • Mil Rate Tax District: 1.080
  • Mil Rate Total: 25.530
  • Assessor Parcel Number: 328493

MLS Schools

  • Elementary School: K.T. Murphy
  • Middle Jr High School: Turn of River
  • High School: Westhill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2019
Closed on
Mar 22, 2019
Sold by
Guarnieri Eugene F and Guarnieri Mary E
Bought by
Islam Mohammed S and Akther Rumana
Seller's Agent
Vi Iaropoli
Coldwell Banker Realty
Buyer's Agent
Abdul Kader
Guy Bocicaut Real Estate
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Current Estimated Value
$829,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,982
Avg. Annual Appreciation
5.62%
Original Mortgage
$529,000
Outstanding Balance
$467,892
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$368,173

Purchase Details

Closed on
Jul 15, 1987
Sold by
Guarnieri Rocco
Bought by
Guarnieri Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
10.69%
Mortgage Type
Purchase Money Mortgage
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
Islam Mohammed S $590,000 --
Islam Mohammed S $590,000 --
Guarnieri Eugene $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Islam Mohammed S $529,000
Closed Islam Mohammed S $529,000
Previous Owner Guarnieri Eugene $225,000
Previous Owner Guarnieri Eugene $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2019 03/25/19 Sold $590,000 -1.5% $269 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
01/31/2019 01/31/19 For Sale $599,000 -- $273 / 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 $10,782 $450,760 $207,770 $242,990
2024 $10,530 $450,760 $207,770 $242,990
2023 $11,377 $450,760 $207,770 $242,990
2022 $9,170 $337,490 $150,580 $186,910
2021 $9,092 $337,490 $150,580 $186,910
2020 $8,587 $325,890 $150,580 $175,310
2019 $8,587 $325,890 $150,580 $175,310
2018 $8,320 $325,890 $150,580 $175,310
2017 $6,848 $254,670 $123,420 $131,250
2016 $6,652 $254,670 $123,420 $131,250
2015 $6,476 $254,670 $123,420 $131,250
2014 $6,313 $254,670 $123,420 $131,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170159375

SmartMLS

APN: STAM-000001-000000-007928