NOT LISTED FOR SALE

Estimated Value: $2,285,000 - $2,564,756

10 Beds
6 Baths
3,759 Sq Ft
$648/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $2,605,000 $693 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $14,669/month

108 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Cooling Available
  • Property is near public transit
  • Tennis Courts
  • 5-minute walk to South Boston Bark Park

About This Home

As of July 2022

The three-story building contains three units with (1) 4-Bedroom/2-Bathrrom unit and two (2) 3-Bedroom/2-Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, new windows, new roof, upgraded electrical service and hardwood flooring throughout. Utilities are metered separately and units include in-unit washers & dryers. Additionally, there is a beautifully landscaped, large backyard creating an urban oasis type feel for tenants of the property. Additionally, all leases currently expire 8/31/22. All units have been renewed or leased for 9/1/22 – 8/31/23. The Property is situated in an exceptional urban location in South Boston, a short walk to both Dorchester Street and Broadway, the two main streets in the neighborhood, as well as to MBTA Bus and T service.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 03/24/2022

Co-Listed By

Dennis Kelleher

Horvath & Tremblay

Last Buyer's Agent

John Pentore

Horvath & Tremblay Listed on: 03/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,218

Year Built

  • Built in 1905

Lot Details

  • 2,030

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,759 Sq Ft Home
  • Wood Flooring
  • Washer
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

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

Additional Features

  • 2,030 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $14,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 0701454000,1340986

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Recreation

  • Tennis Courts
  • Park

Building Details

  • Operating Expense $34,181
  • Net Operating Income $133,819

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,218

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1905
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Other, Other (See Remarks), Unit 1(Stone/Granite/Solid Counters), Unit 2(Stone/Granite/Solid Counters), Unit 3(Stone/Granite/Solid Counters), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Other, Unit 1(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 10
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Finished
  • Living Area: 3759
  • Stories Total: 6
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio
  • Roof: Rubber
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Other, Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Heating: Other, Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Tennis Court(s), Park, Highway Access, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: 0701454000,1340986
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2030
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 19218.42

Multi Family

  • Net Operating Income: 133819
  • Number Of Units Total: 3
  • Operating Expense: 34181
  • Total Actual Rent: 14000
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jul 18, 2022
Sold by
115 G Street Llc and 42 North Capital Llc
Bought by
Gambone Kyle
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
John Pentore
Horvath & Tremblay
List Price
$2,750,000
Sold Price
$2,605,000
Premium/Discount to List
-$145,000
-5.27%
Current Estimated Value
$2,436,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,061
Avg. Annual Appreciation
-1.94%
Original Mortgage
$1,900,000
Outstanding Balance
$1,802,348
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$634,591

Purchase Details

Closed on
Apr 10, 2017
Sold by
115 G Street Dev Llc
Bought by
42 North Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,904,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 1, 2015
Closed on
Jan 29, 2016
Sold by
Margaitis Gediminas
Bought by
115 G Street Developme
Seller's Agent
Valerie Coleman
Robin Hanley
Buyer's Agent
Frank Celeste
Gibson Sotheby's International Realty
List Price
$1,190,000
Sold Price
$1,150,000
Premium/Discount to List
-$40,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%
Original Mortgage
$1,600,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gambone Kyle $2,605,000 None Available
42 North Capital Llc $2,055,000 --
42 North Capital Llc $2,055,000 --
115 G Street Developme $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gambone Kyle $1,900,000
Previous Owner 42 North Capital Llc $2,904,000
Previous Owner 115 G Street Developme $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2022 07/18/22 Sold $2,605,000 0.0% $693 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
04/11/2022 04/11/22 Off Market $2,605,000 -- --
03/29/2022 03/29/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $2,750,000 +139.1% $732 / Sq Ft
01/29/2016 01/29/16 Sold $1,150,000 -3.4% $353 / Sq Ft View Prior Sale
12/03/2015 12/03/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $1,190,000 -- $365 / 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 $22,660 $1,956,800 $470,800 $1,486,000
2024 $22,240 $2,040,400 $376,400 $1,664,000
2023 $20,673 $1,924,900 $355,100 $1,569,800
2022 $19,039 $1,749,900 $322,800 $1,427,100
2021 $18,671 $1,749,900 $322,800 $1,427,100
2020 $15,633 $1,480,400 $305,600 $1,174,800
2019 $14,866 $1,410,400 $235,400 $1,175,000
2018 $12,422 $1,185,300 $229,600 $955,700
2017 $10,834 $1,023,000 $229,600 $793,400
2016 $9,785 $889,500 $229,600 $659,900
2015 $9,001 $743,300 $186,100 $557,200
2014 $7,953 $632,200 $186,100 $446,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72957419

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000007-001454