Seller's Agent in 2025
Luiz Fernando Coelho
The Neighborhood Realty Group
(774) 285-2683
7 in this area
80 Total Sales
114 Mechanic St Leominster, MA 01453
5
Beds
4
Baths
3,465
Sq Ft
6,583
Sq Ft Lot
Highlights
- Medical Services
- Mud Room
- Shops
- Property is near public transit
- Living Room
- Dining Room
About This Home
As of March 2025**Attention Investors!** Cash-flowing, fully-occupied 3-family home in a prime location! The property features two 1-bedroom units on the first floor, a spacious 3-bedroom unit on the second floor. All units are currently rented with great tenants under lease agreements, ensuring immediate income. Tenants have access to a shared laundry area for added convenience. The property boasts a 2-car detached garage and ample additional parking. Located just minutes from downtown, shops, restaurants, and major highways, this property offers both convenience and appeal for tenants. Perfect for investors looking for a turn-key, cash-flowing opportunity with long-term upside! Don’t miss out!
Last Agent to Sell the Property
The Neighborhood Realty Group Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,388
Year Built
- Built in 1900
Lot Details
- 6,583 Sq Ft Lot
- Fenced
- Level Lot
- Irregular Lot
- Cleared Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,465 Sq Ft Home
- Property has 1 Level
- Mud Room
- Living Room
- Dining Room
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $6,180
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:0041 B:0011 L:0000,1577774
Community Details
Overview
- 4 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Electric Expense $2,400
- Water Sewer Expense $1,200
- Operating Expense $3,600
- Net Operating Income $74,160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2021
Closed on
Mar 31, 2022
Sold by
Alves-Silva Ronaldo
Bought by
Mccarthy Paul G and Mccarthy Sonilda M
Seller's Agent
Doreen Lewis
Redfin Corp.
Buyer's Agent
Sergio Froes Oliveira
Settlers Realty Group, LLC
List Price
$489,000
Sold Price
$516,000
Premium/Discount to List
$27,000
5.52%
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
$113,260
Avg. Annual Appreciation
5.81%
Original Mortgage
$387,000
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 9, 2016
Closed on
Jun 1, 2016
Sold by
Jimenez Vinicio
Bought by
Alves-Silva Ronaldo
Seller's Agent
Johanna Castillo
EXIT Assurance Realty
Buyer's Agent
Gesiane Soares
Century 21 North East
List Price
$259,000
Sold Price
$246,200
Premium/Discount to List
-$12,800
-4.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.51%
Original Mortgage
$241,740
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 16, 2001
Sold by
Soroka John
Bought by
Jiminez Vinicio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 1989
Sold by
Meigs Leone E
Bought by
Soroka John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,800
Interest Rate
10.9%
Mortgage Type
Purchase Money Mortgage
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $516,000 | None Available | |
| Not Resolvable | $246,200 | -- | |
| Deed | $185,000 | -- | |
| Deed | $162,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $496,000 | Purchase Money Mortgage | |
| Closed | $387,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $241,740 | FHA | |
| Previous Owner | $235,600 | No Value Available | |
| Previous Owner | $138,750 | Purchase Money Mortgage | |
| Previous Owner | $145,800 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Sold | $620,000 | -5.9% | $179 / Sq Ft |
| 02/04/2025 02/04/25 | Pending | -- | -- | -- |
| 01/23/2025 01/23/25 | Price Changed | $659,000 | 0.0% | $190 / Sq Ft |
| 01/23/2025 01/23/25 | For Sale | $659,000 | +6.3% | $190 / Sq Ft |
| 01/22/2025 01/22/25 | Off Market | $620,000 | -- | -- |
| 11/08/2024 11/08/24 | Price Changed | $675,000 | -1.5% | $195 / Sq Ft |
| 10/15/2024 10/15/24 | For Sale | $685,000 | +32.8% | $198 / Sq Ft |
| 03/31/2022 03/31/22 | Sold | $516,000 | +5.5% | $153 / Sq Ft |
| 12/21/2021 12/21/21 | Pending | -- | -- | -- |
| 12/15/2021 12/15/21 | For Sale | $489,000 | +98.6% | $145 / Sq Ft |
| 05/31/2016 05/31/16 | Sold | $246,200 | -4.9% | $73 / Sq Ft |
| 02/21/2016 02/21/16 | Pending | -- | -- | -- |
| 01/09/2016 01/09/16 | For Sale | $259,000 | -- | $77 / Sq Ft |
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 | $8,174 | $582,600 | $113,700 | $468,900 |
| 2024 | $7,388 | $509,200 | $108,300 | $400,900 |
| 2023 | $7,041 | $453,100 | $94,200 | $358,900 |
| 2022 | $6,066 | $366,300 | $81,900 | $284,400 |
| 2021 | $6,037 | $333,000 | $63,700 | $269,300 |
| 2020 | $5,261 | $292,600 | $63,700 | $228,900 |
| 2019 | $5,369 | $289,600 | $60,700 | $228,900 |
| 2018 | $5,063 | $261,900 | $58,900 | $203,000 |
| 2017 | $4,423 | $224,200 | $55,000 | $169,200 |
| 2016 | $4,114 | $210,100 | $55,000 | $155,100 |
| 2015 | $4,084 | $210,100 | $55,000 | $155,100 |
| 2014 | $4,005 | $212,000 | $59,400 | $152,600 |
Source: Public Records
Agents Affiliated with this Home
-
Luiz Fernando Coelho
-
Candor Realty Group
C
Buyer's Agent in 2025
Candor Realty Group
Four Points Real Estate, LLC
(978) 710-5616
34 in this area
375 Total Sales
-
Doreen Lewis
D
Seller's Agent in 2022
Doreen Lewis
Redfin Corp.
-
Sergio Froes Oliveira
Buyer's Agent in 2022
Sergio Froes Oliveira
Settlers Realty Group, LLC
(508) 371-7469
6 in this area
104 Total Sales
-
J
Seller's Agent in 2016
Johanna Castillo
EXIT Assurance Realty
-
Gesiane Soares
Buyer's Agent in 2016
Gesiane Soares
Century 21 North East
(617) 710-2681
2 in this area
52 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73302487
APN: LEOM-000041-000011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Nearby Homes