NOT LISTED FOR SALE

Estimated Value: $608,000 - $705,000

4 Beds
3 Baths
2,548 Sq Ft
$258/Sq Ft Est. Value

Last Sold October 02, 2018

Last sale price $400,000 $157 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,999/month

25 Days on Market

About This Home

As of October 2018

Rare opportunity for an investor to own two free standing condos in thriving Beverly. Situated just 3 blocks away from the Montserrat commuter rail station; unit #1 is a 4 bed 2 bath, 1,780 sq ft bungalow with 2 parking spaces, currently paying $2,500/month. Unit #2 is a 768 sq ft renovated office/studio with a full bath and kitchen. The property includes two spacious garages and separate utilities. Perfect opportunity to become a first time investor or increase your portfolio. Will not last.

Last Agent to Sell the Property

Victor Paulino

Engel & Volkers By the Sea Listed on: 07/23/2018

Engel & Volkers By the Sea

Last Buyer's Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,030

Year Built

  • Built in 1930

Lot Details

  • 7,841

Parking

  • 2 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Porch

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0031 B:0093 L:0001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,030

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 156.59
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1930
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1930

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 3
  • Total Frplcs: 1
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 8
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: AN4733
  • Main So: C95098
  • Estimated Sq Ft: 2548.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch
  • Foundation: Poured Concrete, Slab

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling Zones: 1
  • Heat Zones: 2
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling Units: 1

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 503200.00
  • Acre: 0.18
  • Lot Size: 7743.00
  • Page: 329
  • Parcel Number: M:0031 B:0093 L:0001
  • Zoning: CG
  • Lot Description: Paved Drive

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 2500
  • Total Rms: 8
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 6844.00
  • Assessor Parcel Number: 4613598

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Oct 2, 2018
Sold by
Levin Marc A and Scouras Lynnea
Bought by
Long Game Llc
Seller's Agent
Victor Paulino
Engel & Volkers By the Sea
Buyer's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%
Current Estimated Value
$656,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,856
Avg. Annual Appreciation
7.32%
Original Mortgage
$320,000
Outstanding Balance
$279,059
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$377,797
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
Long Game Llc $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Game Llc $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2018 10/02/18 Sold $400,000 +0.3% $157 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $399,000 0.0% $157 / Sq Ft
07/15/2017 07/15/17 For Rent $2,500 -- --
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 $6,030 $548,700 $0 $548,700
2024 $5,685 $506,200 $0 $506,200
2023 $5,218 $463,400 $0 $463,400
2022 $5,295 $435,100 $0 $435,100
2021 $5,136 $404,400 $0 $404,400
2020 $4,768 $371,600 $0 $371,600
2019 $4,589 $347,400 $0 $347,400
2018 $3,962 $291,300 $0 $291,300
2017 $3,680 $257,700 $0 $257,700
2016 $3,645 $253,300 $0 $253,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72367011

MLS Property Information Network (MLS PIN)

APN: BEVE-000031-000093-000001