Seller's Agent in 2024
Julio Lopes
Encore Premier Properties
(203) 996-8204
4 in this area
11 Total Sales
Estimated Value: $459,000 - $492,884
5
Beds
3
Baths
3,116
Sq Ft
$153/Sq Ft
Est. Value
Highlights
- Property is near public transit, shops, and bus stop
- Public Transportation
- Hot Water Heating System
- Thermal Windows
- Hot Water Circulator
- 3-minute walk to Ernest Borgnine Park
About This Home
As of October 2024Back on market buyer unable to secure finance!!! Spacious, Fully Rented 3-Family Home with Excellent Income Potential. This is an exceptional opportunity to own a spacious, fully rented 3-family home with outstanding income and cash flow. The property has been meticulously maintained and updated over the years, ensuring durability and reduced maintenance costs. Key updates include roof, furnaces, windows, and a modern 100 amp electric service with a house meter and emergency hallway lighting. The first and second units feature beautiful hardwood floors and high ceilings, while the third-floor unit is carpeted for added comfort. Located in a prime area, the home is close to shopping, public transportation, good schools, dining, and entertainment options. Easy access to local highways makes commuting a breeze. Financially, the property generates a monthly income of $51600 annually, and a cap rate of 7.05%, making it a highly attractive investment opportunity. Whether you are an investor looking to expand your portfolio or a buyer seeking a property with excellent income potential, this fully rented 3-family home is a perfect choice. Units are on month to month status. Schedule a viewing and explore the full potential this property has to offer. Inspection for buyers information only.
Last Agent to Sell the Property
Encore Premier Properties License #REB.0789074 Listed on: 06/10/2024
Last Buyer's Agent
Zenaida Mora
Century 21 Scala Group License #RES.0811589
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,413
Year Built
- Built in 1920
Lot Details
- 5,227 Sq Ft Lot
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- 3,116 Sq Ft Home
- Thermal Windows
- Basement Fills Entire Space Under The House
- Smart Lights or Controls
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Parking Spaces
- Private Driveway
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Gas Available at Street
- Hot Water Circulator
- Fuel Tank Located in Basement
Additional Features
- Energy-Efficient Lighting
- Property is near public transit, shops, and bus stop
Community Details
- 3 Units
- Public Transportation
- Gross Income $51,600
Listing and Financial Details
- Assessor Parcel Number 1131629
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2024
Closed on
Oct 9, 2024
Sold by
Lopes Julio M
Bought by
Vera Michael B
Seller's Agent
Julio Lopes
Encore Premier Properties
Buyer's Agent
Zenaida Mora
Century 21 Scala Group
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Views
142
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,721
Avg. Annual Appreciation
4.70%
Original Mortgage
$412,087
Interest Rate
6.35%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 17, 1997
Sold by
Cricco Linda
Bought by
Lopes Julio M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vera Michael B | $450,000 | None Available | |
| Vera Michael B | $450,000 | None Available | |
| Vera Michael B | $450,000 | None Available | |
| Vera Michael B | $450,000 | None Available | |
| Vera Michael B | $450,000 | None Available | |
| Lopes Julio M | $111,000 | -- | |
| Lopes Julio M | $111,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vera Michael B | $412,087 | |
| Previous Owner | Lopes Julio M | $50,000 | |
| Previous Owner | Lopes Julio M | $123,600 | |
| Previous Owner | Lopes Julio M | $27,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2024 10/14/24 | Sold | $450,000 | -10.0% | $144 / Sq Ft |
| 08/12/2024 08/12/24 | Price Changed | $499,900 | -2.0% | $160 / Sq Ft |
| 07/12/2024 07/12/24 | Price Changed | $509,900 | -2.9% | $164 / Sq Ft |
| 06/13/2024 06/13/24 | For Sale | $525,000 | -- | $168 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $15,492 | $298,620 | $40,320 | $258,300 |
| 2024 | $10,413 | $187,250 | $25,690 | $161,560 |
| 2023 | $10,557 | $187,250 | $25,690 | $161,560 |
| 2022 | $10,389 | $187,250 | $25,690 | $161,560 |
| 2021 | $9,823 | $187,320 | $25,690 | $161,630 |
| 2020 | $6,917 | $133,070 | $28,560 | $104,510 |
| 2019 | $6,502 | $133,070 | $28,560 | $104,510 |
| 2018 | $6,382 | $133,070 | $28,560 | $104,510 |
| 2017 | $6,023 | $133,070 | $28,560 | $104,510 |
| 2016 | $6,036 | $133,070 | $28,560 | $104,510 |
| 2015 | $5,753 | $140,770 | $44,940 | $95,830 |
| 2014 | $5,621 | $140,770 | $44,940 | $95,830 |
Source: Public Records
Agents Affiliated with this Home
-
Julio Lopes
-
Z
Buyer's Agent in 2024
Zenaida Mora
Century 21 Scala Group
Source: SmartMLS
MLS Number: 24024025
APN: HAMD-002225-000336
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