NOT LISTED FOR SALE

Estimated Value: $1,304,000 - $1,726,072

9 Beds
5 Baths
3,548 Sq Ft
$423/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $1,650,000 $465 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $9,352/month

5 Days on Market

Highlights

  • Waterfront
  • Corner Lot
  • 2-minute walk to Robert E Ryan Playground

About This Home

As of May 2022

10 Crescent Ave is a 3 unit turn-key opportunity located in the coveted JFK/Savin Hill neighborhood of Dorchester. The property is comprised of (2) 3-bed / 2 bath units and (1) 3-bed / 1 bath apartment. The upgraded apartments feature open layouts, central air conditioning, and in-unit laundry. Furthermore, the property is a corner parcel and receives abundant daylight throughout the units. Crescent Ave is walking distance to JFK/UMASS Red Line, UMass Boston, and a short distance to Downtown Boston. There has been massive growth in this neighborhood and the nearby large scale mixed-use projects (the BEAT, Dorchester Bay City Development, South Bay, etc) will continue to transform the area. **Units 1 and 2 have renewed for 9/1/22 - 8/31/23 at $3,300 each which is a $600 per month total increase to the gross monthly rents.

Last Agent to Sell the Property

Tony Pepdjonovic

Marcus & Millichap Real Estate Investment Services Listed on: 04/12/2022

Last Buyer's Agent

Eric Gould

Coldwell Banker Realty - Dorchester

Coldwell Banker Realty - Dorchester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,619

Year Built

  • Built in 1905

Lot Details

  • 1,307 Sq Ft Lot
  • Waterfront
  • Corner Lot

Home Design

  • 3,548 Sq Ft Home
  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $9,000
  • Assessor Parcel Number 1296460

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Operating Expense $21,107
  • Net Operating Income $86,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,619

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1905
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: N/A
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Unfinished
  • Living Area: 3548
  • Stories Total: 6
  • MAIN LO: AN1252
  • LIST PRICE PER Sq Ft: 465.05
  • PRICE PER Sq Ft: 465.05
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 3

Lot Info

  • Parcel Number: 1296460
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Size Sq Ft: 1306.8
  • Lot Size Units: Acres
  • LOT SIZE: 1498
  • PAGE: .

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12619
  • Tax Book Number: .

Multi Family

  • Gross Income: 108000
  • Net Operating Income: 86893
  • Number Of Units Total: 3
  • Operating Expense: 21107
  • Total Actual Rent: 9000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2011
Closed on
May 30, 2012
Sold by
10 Crescent Avenue Rt
Bought by
Mcclure James B
Seller's Agent
Benjamin Virga
Bridgestone Properties, LLC
Buyer's Agent
J. Nicolas Uribe
Redfin Corp.
List Price
$495,000
Sold Price
$493,000
Premium/Discount to List
-$2,000
-0.4%
Current Estimated Value
$1,500,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,007,268
Avg. Annual Appreciation
8.67%
Original Mortgage
$480,502
Outstanding Balance
$334,096
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$1,166,172

Purchase Details

Closed on
Apr 18, 2008
Sold by
Wells Fargo Bk
Bought by
10 Crescent Avenue Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2007
Sold by
Yee Clifford E and Suntrust Mtg Inc
Bought by
Wells Fargo Bk

Purchase Details

Closed on
Mar 6, 2002
Sold by
S & S Rt
Bought by
Yee Clifford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,308
Interest Rate
7.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 1997
Sold by
Paskell James
Bought by
Raimondi Robert A

Purchase Details

Closed on
Jun 13, 1997
Sold by
City Of Boston
Bought by
Paskell James
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcclure James B $493,000 --
10 Crescent Avenue Rt $390,000 --
Wells Fargo Bk $540,489 --
Yee Clifford $355,000 --
Raimondi Robert A $65,000 --
Paskell James $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclure James B $480,502
Previous Owner 10 Crescent Avenue Rt $312,000
Previous Owner Paskell James $260,000
Previous Owner Paskell James $400,000
Previous Owner Paskell James $342,308
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2022 05/27/22 Sold $1,650,000 0.0% $465 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $1,650,000 +234.7% $465 / Sq Ft
05/30/2012 05/30/12 Sold $493,000 -0.4% $166 / Sq Ft View Prior Sale
04/30/2012 04/30/12 Pending -- -- --
09/10/2011 09/10/11 For Sale $495,000 -- $167 / 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 $16,776 $1,448,700 $269,100 $1,179,600
2024 $14,748 $1,353,000 $203,300 $1,149,700
2023 $12,491 $1,163,000 $186,500 $976,500
2022 $11,934 $1,096,900 $175,900 $921,000
2021 $11,364 $1,065,000 $170,800 $894,200
2020 $8,925 $845,200 $189,500 $655,700
2019 $7,747 $735,000 $122,900 $612,100
2018 $6,698 $639,100 $122,900 $516,200
2017 $6,443 $608,400 $122,900 $485,500
2016 $6,032 $548,400 $122,900 $425,500
2015 $5,638 $465,600 $91,800 $373,800
2014 $5,231 $415,800 $91,800 $324,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72965576

MLS Property Information Network (MLS PIN)

APN: DORC-000000-000013-003230