Seller's Agent in 2024
Spencer Norton
Horvath & Tremblay
(781) 776-4524
3 in this area
22 Total Sales
100 Elm St North Andover, MA 01845
Estimated Value: $1,055,187
6
Beds
6
Baths
3,620
Sq Ft
$291/Sq Ft
Est. Value
About This Home
As of October 2024The Property contains a total of 5 units, consisting of 2 commercial units, one (1), 1-Bedroom/1 Bathroom unit, one (1), 2-Bedroom/1-Bathroom unit, and one (1) 3+Bedroom/2-Bathroom unit. The commercial units are leased to Simplicity Salon and CYR Construction, both of which have 3+ years remaining on their leases with scheduled annual rent increases. All the units have been updated and feature separately metered utilities. The Property is located in a residential urban infill area, with nearby amenities including local restaurants and retailers along Water Street and High Street and in the restored East and West Mill complexes. The property has a current cap rate of 7.51%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,563
Year Built
- Built in 1849
Lot Details
- 6,813 Sq Ft Lot
- Corner Lot
Home Design
- 3,620 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 6 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Listing and Financial Details
- Total Actual Rent $9,300
- Assessor Parcel Number M:00054 B:00003 L:00000,2067662
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Electric Expense $627
- Insurance Expense $3,083
- Water Sewer Expense $1,139
- Operating Expense $25,242
- Net Operating Income $86,358
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 3, 2016
Sold by
100 Elm Street Rt and Lee
Bought by
Rcg 100 Elm Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Outstanding Balance
$342,291
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 15, 2015
Sold by
Annson Sharon A and Dunn Maureen A
Bought by
100 Elm Street Rt and Lee
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rcg 100 Elm Llc | $575,000 | -- | |
| 100 Elm Street Rt | -- | -- | |
| 100 Elm Street Rt | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rcg 100 Elm Llc | $431,250 | |
| Closed | 100 Elm Street Rt | $431,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $1,225,000 | +6.5% | $338 / Sq Ft |
| 08/27/2024 08/27/24 | Pending | -- | -- | -- |
| 08/15/2024 08/15/24 | For Sale | $1,150,000 | -- | $318 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $9,142 | $811,900 | $266,400 | $545,500 |
| 2024 | -- | $782,700 | $249,200 | $533,500 |
| 2023 | $0 | $707,900 | $232,000 | $475,900 |
| 2022 | $0 | $610,100 | $206,200 | $403,900 |
| 2021 | $0 | $566,100 | $189,100 | $377,000 |
| 2020 | $0 | $557,500 | $180,500 | $377,000 |
| 2019 | $0 | $557,500 | $180,500 | $377,000 |
| 2018 | $0 | $557,500 | $180,500 | $377,000 |
| 2017 | $0 | $507,400 | $156,000 | $351,400 |
| 2016 | -- | $490,700 | $156,000 | $334,700 |
| 2015 | -- | $478,800 | $136,100 | $342,700 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Norton
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73278091
APN: NAND-000540-000003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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