Owner
$637,940
1331 MICHAEL PL # 24134, BAYSIDE, NY
Quick Facts
owner occupied
No
vacant
No
corporate owner
No
beds
0
baths
0
sq. ft.
731
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Living Area
1 Story
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1985
Building Size
731 sq ft
Lot Size
444,361 sq ft
Lot Size (Acres)
10.20 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
630100-05843-1517
County
Queens County, NY
Metro Area
New York-Newark-Jersey City, NY-NJ
Zoning
R5
Neighborhood/Subdivision
BAYBRIDGE/BAYSIDE CONDO 03
Lot Number
1517
School District
New York City Department Of Education
Legal Description
—
Tax & Value Information
Market Value (Total)
$546,332
Building Value
$504,407
Land Value
$41,925
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$26,058
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
3/16/2015
Recording Date
4/3/2015
Sales Document #
2015.112896
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$24,685
Return on Investment
15.60%
After Repair Value
$701,734
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$574,146
Renovation Cost
$31,897
Closing Costs (buying)
$11,483
Holding Costs
$17,419
Selling Costs
$42,104
Total Investment
$158,209
After Repair Value (ARV)
$701,734
Total Costs
$677,049
Estimated Profit
$24,685
Cash Invested
$146,726
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area