NOT LISTED FOR SALE

Estimated Value: $614,000 - $664,000

6 Beds
3 Baths
3,272 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 27, 2023

Last sale price $527,000 $161 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,449/month

22 Days on Market

Highlights

  • City View
  • 2 Car Detached Garage
  • Covered Deck
  • No HOA
  • Porch
  • Private Driveway

About This Home

As of June 2023

125-127 Marion Street is a great opportunity for investors or owner-occupants looking for a property with rental units to offset the mortgage. There are 3 legal apartments and the home has been nicely updated. All units are spacious offering 2 bedrooms, 1 full bathroom, kitchen and living room and the 1st & 2nd floors have separate dining rooms. Additional features of this property include, beautiful hard wood floors, front & rear porches, a basement which provides excellent storage space, 2 car garage and laundry hook-ups. There are 3 separate electric meters. The 1st and 3rd floors are heated by gas and 2nd floor is heated by oil. The home is connected to public water & sewer. Located in a desirable area, this multi-family home is an excellent opportunity to own a turn-key property that is sure to generate steady rental income. Close to major highways and universities. 2nd and 3rd floors are occupied by long term tenants who are now month-to-month. Home is in good condition but is being sold as-is. Inspections for informational purposes only. Subject to Probate.
***FINAL AND BEST OFFERS DUE BY 3:00pm FRIDAY, MAY 26th***

Last Listed By

Stefanie Edwards

Coldwell Banker Realty License #RES.0815097 Listed on: 05/22/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,363

Year Built

  • Built in 1913

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Masonry

Interior Spaces

  • 3,272 Sq Ft Home
  • City Views
  • Unfinished Basement
  • Basement Storage

Parking

  • 2 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Covered Deck
  • Porch

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • 60 Gallon+ Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,363

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3272
  • Public Record Living Room Sq Ft: 3272
  • Total Sq Ft: 3272
  • Year Built: 1913
  • Remarks Public Addendum: ***FINAL AND BEST OFFERS DUE BY 3:00pm FRIDAY, MAY 26th***
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5377
  • Tax Year Updated Dt: 06/19/2023
  • Directions: Main Street or Madison Ave to Marion
  • Special Features: None

Interior Features

  • Basement Description: Unfinished, Storage
  • Laundry Room Info: All Units Have Hook-Ups, Common Laundry Area
  • Attic: No
  • Street Number Modifier: 125

Exterior Features

  • Exterior Features: Covered Deck, Porch
  • Exterior Siding: Aluminum
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle, Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Split System, Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank, 65 Gallon Tank, Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.1400
  • Lot Description: City Views
  • Zoning: RB

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 9363
  • Total Assessed Value: 215490
  • Mil Rate Base: 43.450
  • Mil Rate Total: 43.450
  • Assessor Parcel Number: 31514

Multi Family

  • Total Num Of Units: 3

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2013
Sold by
Nacewicz Thomas
Bought by
Nacewicz Thomas
Total Days on Market
22
Current Estimated Value
$639,000

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
Nacewicz Thomas -- --
Nacewicz Thomas -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2023 06/27/23 Sold $527,000 -0.4% $161 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $529,000 0.0% $162 / Sq Ft
01/06/2015 01/06/15 Rented $950 -5.0% --
12/07/2014 12/07/14 Under Contract -- -- --
12/02/2014 12/02/14 For Rent $1,000 -- --
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
2024 $10,665 $245,450 $76,560 $168,890
2023 $9,363 $215,490 $76,560 $138,930
2022 $9,363 $215,490 $76,560 $138,930
2021 $9,363 $215,490 $76,560 $138,930
2020 $8,583 $158,970 $43,190 $115,780
2019 $8,583 $158,970 $43,190 $115,780
2018 $8,643 $158,970 $43,190 $115,780
2017 $8,643 $158,970 $43,190 $115,780
2016 $8,643 $158,970 $43,190 $115,780
2015 $8,952 $212,140 $52,270 $159,870
2014 $8,952 $212,140 $52,270 $159,870
Source: Public Records

Agents Affiliated with this Home

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Source: SmartMLS

MLS Number: 170567799

SmartMLS

APN: BRID-002214-000038