NOT LISTED FOR SALE

Estimated Value: $2,048,822

6 Beds
6 Baths
2,593 Sq Ft
$790/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $1,790,000 $690 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $11,077/month

86 Days on Market

Highlights

  • Property is near public transit
  • 2-minute walk to West Medford
  • Cooling Available
  • Corner Lot
  • Jogging Path
  • Park

About This Home

As of September 2022

Prime West Medford location! This corner mixed-use building consists of (1) one retail storefront & (6) six residential studio floor plans. Retail space was being built out as a bakery and can be delivered vacant. Ample on-street parking and on-site laundry. Conveniently located across the street from the West Medford Commuter Rail. Tufts University is located 1 mile away. All interested and qualified parties will have the opportunity to tour the property during scheduled group appointments & obtain additional information upon request .

Last Agent to Sell the Property

Reynolds Group

Longwood Residential, LLC Listed on: 03/08/2022

Last Buyer's Agent

Gerald Mullen

NextHome Signature Realty

NextHome Signature Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,215

Year Built

  • Built in 1900

Lot Details

  • 3,605 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,593 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Brooks Elementary School
  • Medford High School

Utilities

  • Cooling Available
  • 7 Heating Zones
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $13,588
  • Rent includes unit 1(heat electric gas hot water), unit 2(heat electric hot water)
  • Assessor Parcel Number M:L04 B:0001,637271

Community Details

Recreation

  • Park
  • Jogging Path

Building Details

  • Operating Expense $35,392
  • Net Operating Income $119,511

Additional Features

  • 7 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,215

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Other (See Remarks), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Unfinished
  • Living Area: 2593
  • Stories Total: 3
  • MAIN LO: AC1259
  • LIST PRICE PER Sq Ft: 713.46
  • PRICE PER Sq Ft: 690.32
  • MAIN SO: AN3676

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Central Heat,Forced Air), Unit 2(Central Heat,Forced Air)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 7
  • HEAT ZONES: 7
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Gas,Hot Water), Unit 2(Heat,Electric,Hot Water)

Lot Info

  • Parcel Number: M:L04 B:0001,637271
  • Zoning: Mixed Use
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3605
  • Lot Size Units: Acres
  • PAGE: 249
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 16215.27
  • Tax Book Number: 69435

Multi Family

  • Gross Income: 163056
  • Net Operating Income: 119511
  • Number Of Units Total: 7
  • Operating Expense: 35392
  • Total Actual Rent: 13588
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Medford
  • Elementary School: Brooks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2017
Sold by
Mohan Sagar and Mohan Roshni
Bought by
Rclm Realty Llc
Current Estimated Value
$2,048,822

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jun 15, 2017
Sold by
1 Irving Medford Llc
Bought by
Mohan Roshni and Mohan Sagar
Seller's Agent
Foley/Federico Team
Greater Metropolitan R. E.
Buyer's Agent
Nick Reynolds
Longwood Residential, LLC
List Price
$1,595,000
Sold Price
$1,515,000
Premium/Discount to List
-$80,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.95%
Original Mortgage
$1,046,230
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2014
Sold by
Winwell Llc
Bought by
1 Irving Medford Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2011
Sold by
Barrett Brian J
Bought by
Win Well Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2010
Sold by
Barrett Rhonda A and Barrett Brian J
Bought by
Barrett Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,740
Interest Rate
4.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2007
Sold by
Savoia Erik
Bought by
Barrett Brian and Barrett Ronda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2005
Sold by
One Irving St Rt
Bought by
Savoia Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rclm Realty Llc -- --
Mohan Roshni $1,515,000 --
1 Irving Medford Llc $810,000 --
Win Well Llc $480,000 --
Barrett Brian J -- --
Barrett Brian $532,000 --
Savoia Erik $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Cai T F Inc $957,000
Previous Owner Mohan Roshni $1,046,230
Previous Owner 1 Irving Medford Llc $950,000
Previous Owner Win Well Llc $360,000
Previous Owner Barrett Brian J $232,740
Previous Owner Barrett Brian $372,400
Previous Owner Barrett Brian $332,000
Previous Owner Savoia Erik $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $1,790,000 -3.2% $690 / Sq Ft
06/05/2022 06/05/22 Price Changed $1,850,000 -2.4% $713 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $1,895,000 +25.1% $731 / Sq Ft
06/15/2017 06/15/17 Sold $1,515,000 -5.0% $394 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
04/14/2017 04/14/17 Price Changed $1,594,000 -0.1% $414 / Sq Ft
04/04/2017 04/04/17 For Sale $1,595,000 -- $414 / 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 -- $1,836,500 $593,000 $1,243,500
2024 -- $1,836,500 $593,000 $1,243,500
2023 $0 $1,851,800 $646,600 $1,205,200
2022 $0 $1,679,200 $587,800 $1,091,400
2021 $0 $1,449,100 $559,800 $889,300
2020 $14,101 $1,408,000 $559,800 $848,200
2019 $0 $1,266,300 $508,900 $757,400
2018 $0 $863,500 $264,300 $599,200
2017 -- $794,900 $247,100 $547,800
2016 -- $651,400 $204,000 $447,400
2015 -- $597,100 $204,000 $393,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72950134

MLS Property Information Network (MLS PIN)

APN: MEDF-000004-000000-L000001