NOT LISTED FOR SALE

Estimated Value: $316,000 - $370,951

6 Beds
3 Baths
2,484 Sq Ft
$138/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $296,500 $119 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,244/month

43 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Porch
  • Property is near public transit
  • Jogging Path
  • 5-minute walk to Unity Park

About This Home

As of January 2022

Attention buyers and INVESTORS ! Turnkey investment opportunity with strong rental history. This property is currently rented for $2920 a month(not including utilities)Renovated 3-Family with spacious rooms and charming interior! In 2018 the first floor apartment was updated with new flooring and kitchen cabinets, gas hot air heating system, electric hot water, updated electrical and plumbing. The second and third floor apartments was completely gutted and finished with new walls, insulation, floors, electrical, plumbing, mini split heat and air conditioning, new kitchen and bathrooms, doors and mostly new windows! The second floor was done in 2018 and the third floor completed Spring 2019. This apartment building is a short distance to the 2nd Street Bakery and easy stroll to the downtown, community garden, park, bike & walking path and the CT River. This is a great owner occupy or investment property.

Last Agent to Sell the Property

Munju Song

Premier Realty Group-Hadley Listed on: 09/21/2021

Last Buyer's Agent

Doug Tammelin

Coldwell Banker Realty - Leominster

Coldwell Banker Realty - Leominster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,459

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 2,484 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry Room

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Unpaved Parking
  • Open Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $2,920
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0004 B:0000 L:230,3105777

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $420
  • Insurance Expense $1,463
  • Water Sewer Expense $1,700
  • Operating Expense $3,583
  • Net Operating Income $31,457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,459

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Laminate, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Electric Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full
  • Living Area: 2484
  • Stories Total: 6
  • MAIN LO: AN1953
  • LIST PRICE PER Sq Ft: 120.37
  • PRICE PER Sq Ft: 119.36
  • MAIN SO: AN6181

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Unpaved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Ductless Mini-Split System)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Electric Baseboard), Unit 3(Ductless Mini-Split System)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Fee Information

  • Water Sewer Expenses: 1700

Lot Info

  • Parcel Number: M:0004 B:0000 L:230,3105777
  • Zoning: NB
  • 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: 2222
  • PAGE: 322

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4459
  • Tax Book Number: 7581

Multi Family

  • Electric Expense: 420
  • Gross Income: 35040
  • Insurance Expense: 1463
  • Net Operating Income: 31457
  • Number Of Units Total: 3
  • Operating Expense: 3583
  • Total Actual Rent: 2920
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Jan 10, 2022
Sold by
Song Munju M
Bought by
Moran Jose A
Seller's Agent
Munju Song
Premier Realty Group-Hadley
Buyer's Agent
Doug Tammelin
Coldwell Banker Realty - Leominster
List Price
$299,000
Sold Price
$296,500
Premium/Discount to List
-$2,500
-0.84%
Current Estimated Value
$343,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,639
Avg. Annual Appreciation
4.10%
Original Mortgage
$291,129
Outstanding Balance
$269,440
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$72,798

Purchase Details

Listed on
Feb 7, 2020
Closed on
Jul 13, 2020
Sold by
Pioneer Valley Redev Llc
Bought by
Song Munju M
Seller's Agent
Wanda Mooney
Coldwell Banker Community REALTORS®
Buyer's Agent
Kathy Song
Premier Realty Group-Hadley
List Price
$249,000
Sold Price
$228,000
Premium/Discount to List
-$21,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.86%
Original Mortgage
$223,870
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 7, 2020
Closed on
Jun 1, 2020
Sold by
Carlton William 2Nd Est
Bought by
Pioneer Vly Redevelopers
Seller's Agent
Wanda Mooney
Coldwell Banker Community REALTORS®
Buyer's Agent
Kathy Song
Premier Realty Group-Hadley
List Price
$249,000
Sold Price
$228,000
Premium/Discount to List
-$21,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,870
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 1999
Sold by
United Bank
Bought by
Carlton William

Purchase Details

Closed on
Feb 25, 1994
Sold by
United Sb
Bought by
Sagan Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1992
Sold by
Curtiss Steven W
Bought by
United Sb
Source: Public Records

Range of Values:

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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
Moran Jose A $296,500 None Available
Song Munju M $228,000 None Available
Pioneer Vly Redevelopers $191,923 None Available
Pioneer Vly Redevelopers $191,923 None Available
Carlton William $20,000 --
Carlton William $20,000 --
Sagan Thomas J $65,000 --
Sagan Thomas J $65,000 --
United Sb $58,000 --
United Sb $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moran Jose A $291,129
Closed Moran Jose A $291,129
Previous Owner Song Munju M $223,870
Previous Owner Pioneer Valley Redev L $144,000
Previous Owner Curtiss Steven W $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $296,500 -0.8% $119 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $299,000 +31.1% $120 / Sq Ft
07/30/2020 07/30/20 Sold $228,000 -8.4% $92 / Sq Ft
06/02/2020 06/02/20 Price Changed $249,000 0.0% $100 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
04/08/2020 04/08/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $249,000 -- $100 / 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 $4,380 $288,000 $39,800 $248,200
2024 $4,445 $283,100 $39,800 $243,300
2023 $4,191 $267,800 $39,800 $228,000
2022 $4,488 $267,800 $39,800 $228,000
2021 $5,161 $255,700 $29,800 $225,900
2020 $4,493 $255,700 $29,800 $225,900
2019 $4,144 $241,900 $33,800 $208,100
2018 $2,246 $131,400 $33,800 $97,600
2017 $2,224 $133,400 $33,800 $99,600
2016 $2,145 $121,800 $25,300 $96,500
2015 $2,066 $121,800 $25,300 $96,500
2014 $1,990 $121,800 $25,300 $96,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72897691

MLS Property Information Network (MLS PIN)

APN: MONT-000004-000000-000230