NOT LISTED FOR SALE

Estimated Value: $1,286,510

6 Beds
5 Baths
3,908 Sq Ft
$329/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,100,000 $281 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,601/month

6 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Laundry Room
  • 0.24 Acre Lot
  • Jogging Path
  • 3-minute walk to Ahearn Park

About This Home

As of October 2022

Ideal Beverly Location just minutes to waterfront, shops, restaurants & commuter rail for this 4-family property. Located in CC zoning this property has many options for investors. All TAW with separate gas heat and electric paid by tenants. Additional income possible from storage/parking options. 4 gas boilers, 5 Sep. circuit panels, coin- op in basement. 8 plus car parking & large outbuilding add to the possibilities. All info from 3rd parties and buyer should verify. First showings Thursday by appointment only.

Last Agent to Sell the Property

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners Listed on: 08/16/2022

Last Buyer's Agent

Justin Repp

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,695

Year Built

  • Built in 1900

Lot Details

  • 10,330

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,908 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • 4 Heating Zones
  • Heating Available
  • Gas Water Heater

Additional Features

  • 10,330 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $5,425
  • Assessor Parcel Number m0005 b. 0288,4180573

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Jogging Path

Building Details

  • Net Operating Income $62,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,695

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full
  • Living Area: 3908
  • Stories Total: 8
  • MAIN LO: AN6507
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: m0005 b. 0288,4180573
  • Zoning: CC
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10330
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8695.47

Multi Family

  • Net Operating Income: 62100
  • Number Of Units Total: 4
  • Total Actual Rent: 5425
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Oct 28, 2022
Sold by
Pieroni Robert M Est and Guanci
Bought by
Cabot Park Llc
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Justin Repp
Keller Williams Realty Evolution
List Price
$1,000,000
Sold Price
$1,100,000
Premium/Discount to List
$100,000
10%
Views
75
Current Estimated Value
$1,286,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,510
Avg. Annual Appreciation
4.95%
Original Mortgage
$880,000
Outstanding Balance
$845,661
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$440,849

Purchase Details

Closed on
Feb 16, 1994
Sold by
Baginski Michael L and Roberts Suzanne
Bought by
Pieroni Robert M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cabot Park Llc $1,100,000 None Available
Pieroni Robert M $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabot Park Llc $880,000
Previous Owner Pieroni Robert M $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $1,100,000 +10.0% $281 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $1,000,000 -- $256 / 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 $10,963 $1,215,300 $940,800 $274,500
2024 $10,963 $976,200 $300,700 $675,500
2023 $9,404 $835,200 $270,300 $564,900
2021 $8,740 $688,200 $203,700 $484,500
2020 $8,682 $676,700 $192,200 $484,500
2019 $8,464 $634,600 $171,300 $463,300
2018 $7,570 $556,600 $167,500 $389,100
2017 $5,962 $417,500 $123,700 $293,800
2016 $5,703 $396,300 $123,700 $272,600
2015 $5,592 $396,300 $123,700 $272,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73025943

MLS Property Information Network (MLS PIN)

APN: BEVE-000005-000288