NOT LISTED FOR SALE

Estimated Value: $1,230,000 - $1,572,000

4 Beds
2 Baths
2,100 Sq Ft
$690/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $1,225,000 $583 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,129/month

4 Days on Market

Highlights

  • Property is near public transit
  • Cooling Available
  • Shops
  • Wood Flooring
  • Park
  • 1-minute walk to Gold Star Mothers Park

About This Home

As of September 2021

Don't miss this fantastic multi-family investment opportunity featuring two townhome style units! This tree-lined side street offers a truly convenient location situated near the T at Lechmere, shops, restaurants, grocery stores, minutes to Kendall Square and more! Featuring off-street parking, eat-in kitchens, and spacious rooms. Open House July 24th & 25th 12pm-2pm.

Last Agent to Sell the Property

Ryan Fournier

Redfin Corp. License #449594108 Listed on: 07/22/2021

Redfin Corp.

Last Buyer's Agent

Tyler Lecao

BA Property & Lifestyle Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,534

Year Built

  • Built in 1873

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,100 Sq Ft Home
  • Property has 2 Levels
  • Washer
  • Unfinished Basement

Kitchen

  • Built-In Oven
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Kennedy-Long Elementary School

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,300
  • Assessor Parcel Number M:00022 L:00066,400214

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,534

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1873
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood,Carpet
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Wall Oven,Refrigerator,Washer,Dryer), Unit 2(Range,Wall Oven,Dishwasher,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Unfinished
  • Living Area: 2100
  • Stories Total: 4
  • MAIN LO: NB3534
  • LIST PRICE PER Sq Ft: 571.43
  • PRICE PER Sq Ft: 583.33
  • MAIN SO: K95614

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, University

Lot Info

  • Parcel Number: M:00022 L:00066,400214
  • Zoning: C1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • LOT SIZE: 2100
  • PAGE: 108

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5534
  • Tax Book Number: 72277

Multi Family

  • Gross Income: 51600
  • Net Operating Income: 51600
  • Number Of Units Total: 2
  • Total Actual Rent: 4300
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • Elementary School: Kennedy-Long

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2007
Sold by
Manganelli Francis C E and Freehling Nancy
Bought by
Balachandra Lakshmi and Stern Patrick
Current Estimated Value
$1,389,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,200
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Balachandra Lakshmi $464,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsokos Christos $918,750
Closed Balachandra Lakshmi $420,000
Closed Balachandra Lakshmi $371,200
Closed Balachandra Lakshmi $46,400
Previous Owner Manganelli Francis C $50,000
Previous Owner Manganelli Francis C $170,000
Previous Owner Manganelli Francis C $117,800
Previous Owner Manganelli Francis C $74,500
Previous Owner Manganelli Francis C $58,000
Previous Owner Manganelli Francis C $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $1,225,000 +2.1% $583 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $1,199,999 -- $571 / 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 $6,701 $1,055,300 $618,200 $437,100
2024 $6,440 $1,087,800 $667,100 $420,700
2023 $5,895 $1,005,900 $637,000 $368,900
2022 $5,745 $970,500 $637,400 $333,100
2021 $5,534 $946,000 $625,500 $320,500
2020 $5,438 $945,800 $631,400 $314,400
2019 $5,392 $907,700 $619,300 $288,400
2018 $7,476 $771,800 $513,600 $258,200
2017 $4,655 $717,300 $459,200 $258,100
2016 $4,189 $599,300 $359,500 $239,800
2015 $4,071 $520,600 $308,100 $212,500
2014 $3,591 $428,500 $238,600 $189,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72869872

MLS Property Information Network (MLS PIN)

APN: CAMB-000022-000000-000066