NOT LISTED FOR SALE

1-3 Riverbank Rd North Weymouth, MA 02191

Estimated Value: $826,000 - $1,055,335

6 Beds
4 Baths
2,576 Sq Ft
$364/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $589,000 $229 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,924/month

10 Days on Market

About This Home

As of September 2017

Once in a lifetime opportunity! DIRECT WATERFRONT duplex with dock on the Fore River in North Weymouth. NO FLOOD INSURANCE required!! Keep your boat in your backyard, fish off your dock, and watch the sunsets from this one of a kind property. This home is a side by side duplex with fenced 1/4 acre corner lot, vinyl siding,11 year young roof, & over-sized garage. Both sides have new high efficiency gas heat, updated electric, & newer hot water heaters. The updated kitchens offer plenty of cabinetry and feature stainless steel appliances. Each unit has 2 full (updated) baths (one on each floor). Fresh paint, gleaming hardwood floors, fireplace, huge enclosed porches, w/d hookups, and full walkout basements leading to a picturesque composite deck offering Panoramic waterfront views of the Fore River. The yard, multiple composite decks, garage & overall layout of this property combine to create a magnificent scene! Excellent for owner occupants & investors alike. Commuters Dream!

Last Agent to Sell the Property

Jodi Beckman

BMTF Partnership Listed on: 07/29/2017

Last Buyer's Agent

The Sarhanis Team

Preferred Properties Realty, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,819

Year Built

1918

Lot Details

0

Listing Details

  • Lot Description: Corner, Fenced/Enclosed, Scenic View(s)
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Yes, Unknown
  • Year Round: Yes
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Marina
  • Electric: Circuit Breakers, 100 Amps, Individually Metered
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood, Stone / Slate
  • Basement: Full, Partially Finished, Walk Out, Interior Access, Concrete Floor
  • Full Bathrooms: 4
  • Total Levels: 4
  • Main Lo: NB4240
  • Main So: BB6013
  • Estimated Sq Ft: 2576.00

Exterior Features

  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Porch - Enclosed, Deck, Deck - Composite, Gutters, Professional Landscaping, Screens, Fenced Yard, Garden Area
  • Foundation: Fieldstone, Brick
  • Waterfront: Ocean, River, Dock/Mooring, Frontage, Access, Deep Water Access, Direct Access, Navigable, Private
  • Waterview Flag: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking: Off-Street, Stone/Gravel
  • Parking Spaces: 4

Utilities

  • Heat Zones: 4
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: WF1
  • Acre: 0.25
  • Lot Size: 10803.00

Multi Family

  • Foundation: 999
  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 2
  • Total Full Baths: 4
  • Total Levels: 2
  • Total Rms: 14
  • Waterview: Dock/Mooring, Ocean, Private, River
  • Multi Family Type: 2 Family - 2 Units Side By Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2017
Closed on
Sep 15, 2017
Sold by
1 & 3 Riverbank Road Ret
Bought by
Ramsahai Lillian L and Ramsahai Ryan C
Seller's Agent
Jodi Beckman
BMTF Partnership
Buyer's Agent
The Sarhanis Team
Preferred Properties Realty, LLC
List Price
$599,888
Sold Price
$589,000
Premium/Discount to List
-$10,888
-1.82%
Current Estimated Value
$937,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,084
Avg. Annual Appreciation
5.70%
Original Mortgage
$579,214
Outstanding Balance
$489,056
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$425,882

Purchase Details

Closed on
Jul 27, 2016
Sold by
Gallagher 3Rd John K and Cash William P
Bought by
1 & 3 Riverbank Road Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,090
Interest Rate
3.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2006
Sold by
Burke Patricia M
Bought by
Gallagher John K and Cash William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,500
Interest Rate
6.47%
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
Ramsahai Lillian L $589,900 --
1 & 3 Riverbank Road Rt $560,500 --
Gallagher John K $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsahai Lillian L $579,214
Previous Owner 1 & 3 Riverbank Road Rt $579,090
Previous Owner Gallagher John K $503,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $589,000 -1.8% $229 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
07/29/2017 07/29/17 For Sale $599,888 -- $233 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $9,819 $972,200 $310,400 $661,800
2024 $9,520 $927,000 $295,700 $631,300
2023 $9,267 $886,800 $273,800 $613,000
2022 $8,992 $784,600 $253,500 $531,100
2021 $8,009 $682,200 $253,500 $428,700
2020 $7,758 $650,800 $253,500 $397,300
2019 $7,573 $624,800 $243,800 $381,000
2018 $6,719 $537,500 $232,100 $305,400
2017 $5,830 $455,100 $199,000 $256,100
2016 $5,428 $424,100 $177,200 $246,900
2015 $5,201 $403,200 $177,200 $226,000
2014 $5,276 $396,700 $178,100 $218,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72205616

MLS Property Information Network (MLS PIN)

APN: WEYM-000006-000070-000013