$1,260,000
SOLD JAN 30, 2025

1 Mayor Thomas j Mcgrath Hwy Quincy, MA 02169

Quincy Center Neighborhood
8 Beds
5.5 Baths
4,187 Sq Ft
7,661 Sq Ft Lot

Recently Sold

$301 Per Sq Ft

7% Below List Price

71 Days on Market

Highlights

  • Granite Flooring
  • 2 Fireplaces
  • Corner Lot

About This Home

As of January 2025

Offers Due Monday, September 16th at 5:00 pm*Group Showing Saturday September 14th*Welcome to this charming multi-family residence nestled in the heart of historic downtown Quincy, Massachusetts. This legal three unit features a fourth finished unit in the basement. The interiors feature spacious layouts with original hardwood floors, large windows allowing for plenty of natural light, and decorative moldings. Each of the four well-maintained units boasts a unique blend of historic charm and modern convenience. Located in vibrant downtown Quincy, residents are just steps away from a variety of shops, restaurants, and cafes. Easy access to public transportation, including the Quincy Center MBTA station, providing a quick commute to Boston and surrounding areas. Nearby parks, historic sites, and local attractions offer a rich and unique experience. Whether you’re looking to move in, or simply expand your portfolio, Your historic home in downtown Quincy awaits!

Last Agent to Sell the Property

George Devine

Divine Real Estate, Inc. Listed on: 07/15/2024

Last Buyer's Agent

George Devine

Divine Real Estate, Inc. Listed on: 07/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,998

Year Built

  • Built in 1900

Lot Details

  • 7,661 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 4,187 Sq Ft Home
  • 2 Fireplaces
  • Granite Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 7 Car Parking Spaces
  • Driveway
  • Open Parking

Location

  • Flood Zone Lot

Listing and Financial Details

  • Total Actual Rent $3,700

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Electric Expense $5,000
  • Insurance Expense $3,900
  • Water Sewer Expense $4,500
  • Operating Expense $19,600
  • Net Operating Income $24,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,998

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 1.5
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 8
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bathrooms: 5.5
  • Basement: Partially Finished
  • Living Area: 4187
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN5817
  • LIST PRICE PER Sq Ft: 310.25
  • PRICE PER Sq Ft: 300.93
  • MAIN SO: AN5817

Exterior Features

  • Foundation Details: Granite
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4500

Lot Info

  • Zoning: QCZD10
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Flood Plain
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7661
  • Lot Size Units: Acres
  • PAGE: 0453
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12998
  • Tax Book Number: 25149

Multi Family

  • Electric Expense: 5000
  • Gross Income: 55200
  • Insurance Expense: 3900
  • Net Operating Income: 24800
  • Number Of Units Total: 3
  • Operating Expense: 19600
  • Total Actual Rent: 3700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2007
Sold by
Campbell Hugo and Campbell Tracy
Bought by
Doodnauth Neashwar and Balram Rajpatie
Current Estimated Value
$1,301,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2006
Sold by
Campbell Tracey
Bought by
Campbell Hugo and Campbell Tracey
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $615,000 --
Deed $615,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,197,000 Purchase Money Mortgage
Closed $1,197,000 Purchase Money Mortgage
Closed $461,250 Purchase Money Mortgage
Previous Owner $194,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Sold $1,260,000 -3.0% $301 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
08/27/2024 08/27/24 Price Changed $1,299,000 -2.3% $310 / Sq Ft
08/07/2024 08/07/24 Price Changed $1,330,000 -1.4% $318 / Sq Ft
07/15/2024 07/15/24 For Sale $1,349,000 -- $322 / 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 $13,746 $1,192,200 $307,300 $884,900
2024 $12,998 $1,153,300 $292,700 $860,600
2023 $11,857 $1,065,300 $266,100 $799,200
2022 $11,813 $986,100 $241,900 $744,200
2021 $11,690 $962,900 $241,900 $721,000
2020 $11,233 $903,700 $230,300 $673,400
2019 $11,157 $889,000 $217,300 $671,700
2018 $9,662 $724,300 $217,300 $507,000
2017 $9,783 $690,400 $207,000 $483,400
2016 $8,705 $606,200 $197,100 $409,100
2015 $8,678 $594,400 $197,100 $397,300
2014 $7,862 $529,100 $187,700 $341,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73264936

MLS Property Information Network (MLS PIN)

APN: QUIN-001138-000004-000003