NOT LISTED FOR SALE

Estimated Value: $689,940 - $786,000

5 Beds
2 Baths
2,912 Sq Ft
$258/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $660,000 $227 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,782/month

55 Days on Market

Highlights

  • Medical Services
  • Cooling Available
  • Shops
  • Property is near public transit
  • Park
  • 3-minute walk to Howard Playstead

About This Home

As of November 2022

NEW INVESTMENT OPPORTUNITY. If you're a buyer looking for convenience, this property is for you! Situated right outside of central methuen near Broadway and Route 213. This multifamily has 5 bedrooms total, not including additional space on the third floor with potential for more! Each unit has a full bathroom, one renovated with modern accents. Currently occupied by tenants at will.

Last Agent to Sell the Property

Erick Vittini

Nina-Soto Realty, LLC License #454008494 Listed on: 07/07/2022

Last Buyer's Agent

Erick Vittini

Nina-Soto Realty, LLC License #454008494 Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,563

Year Built

  • Built in 1930

Lot Details

  • 5,895 Sq Ft Lot

Home Design

  • Block Foundation

Interior Spaces

  • 2,912 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $3,975
  • Legal Lot and Block 00005 / 00019
  • Assessor Parcel Number 2043727

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $47,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,563

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1930
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen,Family Room), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Refrigerator,Washer / Dryer Combo), Unit 2(Refrigerator)
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 2912
  • Stories Total: 3
  • MAIN LO: AN6324
  • LIST PRICE PER Sq Ft: 222.87
  • PRICE PER Sq Ft: 226.65
  • MAIN SO: AN6324

Exterior Features

  • Foundation Details: Block
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School

Lot Info

  • Parcel Number: 2043727
  • Zoning: RG
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 5895
  • Lot Size Units: Acres
  • PAGE: 139
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5563
  • Tax Block: 00019
  • Tax Book Number: 16587
  • Tax Lot: 00005
  • Tax Map Number: 00714

Multi Family

  • Gross Income: 47700
  • Net Operating Income: 47700
  • Number Of Units Total: 2
  • Total Actual Rent: 3975
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2020
Sold by
Victoria Franklin R
Bought by
Victoria Franklin M
Current Estimated Value
$752,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,437
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 1985
Bought by
Nartiff James
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 Buyer Sale Price Title Company
Victoria Franklin M $500,000 None Available
Nartiff James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Concepcion Simon R $569,500
Closed Concepcion Simon R $569,500
Closed Victoria Franklin M $432,437
Previous Owner Victoria Franklin R $250,000
Previous Owner Agape Services Llc $259,000
Previous Owner Agape Services Llc $224,000
Previous Owner Nartiff Joan M $265,000
Previous Owner Nartiff Joan M $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2022 11/10/22 Sold $660,000 0.0% $227 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
07/13/2022 07/13/22 Off Market $660,000 -- --
07/07/2022 07/07/22 For Sale $649,000 -- $223 / 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 $7,108 $671,800 $183,300 $488,500
2024 $6,440 $593,000 $164,300 $428,700
2023 $6,297 $538,200 $145,400 $392,800
2022 $5,563 $426,300 $113,800 $312,500
2021 $5,316 $403,000 $107,400 $295,600
2020 $4,992 $371,400 $101,100 $270,300
2019 $4,234 $298,400 $72,000 $226,400
2018 $3,971 $278,300 $72,000 $206,300
2017 $3,808 $259,900 $67,200 $192,700
2016 $3,454 $233,200 $62,400 $170,800
2015 $3,127 $214,200 $51,800 $162,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73008986

MLS Property Information Network (MLS PIN)

APN: METH-000714-000019-000005