Seller's Agent in 2016
Michael McGuire
Insight Realty Group, Inc.
(617) 839-8944
120 Total Sales
100 Pearl St Framingham, MA 01702
Estimated Value: $1,140,693
25
Beds
8
Baths
6,966
Sq Ft
$164/Sq Ft
Est. Value
About This Home
As of August 2016RARE OPPORTUNITY!! CASH COW!! 25 TOTAL UNITS!! TWO FULLY LICENSED LODGING HOUSES FOR SALE TOTALING 25 UNITS IN A TOP FRAMINGHAM LOCATION PRICED TO SELL!! THESE BUILDINGS OFFER A VERY STRONG RENTAL HISTORY WITH A WAITING LIST TO GET A ROOM!! 23 PRIVATE ROOMS WITH SHARED KITCHENS AND BATHS & 2 STUDIO APARTMENTS WITH PRIVATE KITCHENS AND BATHS!! MANY RECENT UPDATES INCLUDING: HEATING SYSTEMS, ROOF, ELECTRICAL & MORE!! GROSS INCOME OF $165,720 WITH EXPENSES OF $62,067 AND AN NOI OF $99,666!! THE NUMBERS WORK WITH A GREAT CAP RATE OF 10% AND AN ESTIMATED RETURN OF INVESTMENT OF 23% CASH/CASH!!! ASKING PRICE IS JUST UNDER $40K/UNIT!! THESE ATTRACTIVE BUILDINGS OFFER PLENTY OF OFF-STREET PARKING, FULL SPRINKLER SYSTEMS, COIN-OP LAUNDRY AND HIGHLY DESIRABLE ROOMS NEAR TOWN CENTER, ROUTES 9 & 135, AMTRACK & THE METROWEST MEDICAL CENTER!! DON'T MISS THIS WONDERFUL INVESTMENT OPPORTUNITY!! TONS OF INCOME UPSIDE AND/OR FUTURE REDEVELOPMENT POTENTIAL FOR THIS PROPERTY. DON'T MISS OUT!!!!
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$13,083
Lot Details
0
Listing Details
- Lot Description: Paved Drive
- Property Type: Multi-family
- Other Agent: 2.00
- Lead Paint: Unknown
- Year Round: Yes
- Insc: 9029
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Has Basement: Yes
- Number of Rooms: 2
- Amenities: Public Transportation, Shopping, Laundromat, Highway Access, T-Station
- Electric: 200 Amps
- Total Levels: 1
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior Features: Porch
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 15
Utilities
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
- Electric: 9740
Condo/Co-op/Association
- Total Units: 25
Lot Info
- Zoning: Lodging
Multi Family
- APOD Available: Yes
- Expenses Year End: 12/15
- Total Bedrooms: 25
- Total Floors: 1
- Total Full Baths: 8
- Total Levels: 3
- Total Rms: 25
- Total Rent_1: 13810
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2016
Closed on
Aug 25, 2016
Sold by
Pearl Llc
Bought by
Pearl Street Lodging L
Seller's Agent
Michael McGuire
Insight Realty Group, Inc.
Buyer's Agent
Michael McGuire
Insight Realty Group, Inc.
List Price
$995,000
Sold Price
$850,000
Premium/Discount to List
-$145,000
-14.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,693
Avg. Annual Appreciation
3.27%
Original Mortgage
$680,000
Outstanding Balance
$542,983
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$597,710
Purchase Details
Closed on
Mar 13, 2001
Sold by
Gch Assoc Lp
Bought by
Pearl Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
7.15%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pearl Street Lodging L | $850,000 | -- | |
| Pearl Street Lodging L | $850,000 | -- | |
| Pearl Llc | $395,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pearl Street Lodging L | $680,000 | |
| Closed | Pearl Street Lodging L | $680,000 | |
| Previous Owner | Pearl Llc | $276,500 | |
| Previous Owner | Pearl Llc | $276,000 | |
| Previous Owner | Pearl Llc | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2016 08/25/16 | Sold | $850,000 | -5.0% | $122 / Sq Ft |
| 05/11/2016 05/11/16 | Pending | -- | -- | -- |
| 04/25/2016 04/25/16 | Price Changed | $895,000 | -10.1% | $128 / Sq Ft |
| 03/28/2016 03/28/16 | For Sale | $995,000 | 0.0% | $143 / Sq Ft |
| 06/15/2012 06/15/12 | Rented | $560 | +16.7% | -- |
| 05/16/2012 05/16/12 | Under Contract | -- | -- | -- |
| 04/23/2012 04/23/12 | For Rent | $480 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $13,083 | $1,095,700 | $260,800 | $834,900 |
| 2024 | $13,564 | $1,088,600 | $232,900 | $855,700 |
| 2023 | $10,760 | $822,000 | $207,900 | $614,100 |
| 2022 | $9,459 | $688,400 | $188,600 | $499,800 |
| 2021 | $9,189 | $654,000 | $181,300 | $472,700 |
| 2020 | $8,795 | $587,100 | $164,800 | $422,300 |
| 2019 | $9,007 | $585,600 | $164,800 | $420,800 |
| 2018 | $7,399 | $453,400 | $158,600 | $294,800 |
| 2017 | $7,702 | $460,900 | $154,000 | $306,900 |
| 2016 | $7,934 | $456,500 | $154,000 | $302,500 |
| 2015 | $8,135 | $456,500 | $154,300 | $302,200 |
Source: Public Records
Agents Affiliated with this Home
-
Michael McGuire
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71977961
APN: FRAM-000128-000087-000367
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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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