NOT LISTED FOR SALE

116 3rd St Leominster, MA 01453

4 Beds
4 Baths
2,912 Sq Ft
5,663 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $645,000 $221 Per Sq Ft

17 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Property is near public transit and schools
  • Community Stables
  • Deck
  • Wood Flooring

About This Home

As of May 2024

This meticulously maintained 4-family home presents an incredible investment opportunity in a highly desirable area. Updated features including the roof, windows, siding, hot water tanks, electric, water lines, and gutters ensure low maintenance and peace of mind for years to come. With its impeccable cleanliness and diligent upkeep, this property is poised to deliver exceptional returns on investment. Space galore awaits, with a partial finished basement providing additional versatility. Convenient amenities include a 1-car garage and a large yard, offering ample outdoor living and storage options. Don't miss out on this rare chance to own a lucrative multi-family property in an esteemed location! 48hr notice required for showings

Last Agent to Sell the Property

Diane Vella

EXIT New Options Real Estate Listed on: 03/18/2024

Co-Listed By

Samantha Kreidler

Real Estate Exchange

Last Buyer's Agent

Tes Mercedat

Thread Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,040

Year Built

  • Built in 1900

Lot Details

  • 5,865 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,912 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Home Office
  • Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Bulkhead
  • Deck
  • Porch

Location

  • Property is near public transit and schools

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil

Listing and Financial Details

  • Total Actual Rent $5,650
  • Rent includes unit 1(none), unit 2(none), unit 3(none), unit 4(none)
  • Tax Block 0005
  • Assessor Parcel Number 1577675

Community Details

Overview

  • 4 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $67,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,040

Year Built

Built in 1900

Lot Details

5,865 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1900
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Carpet, Hardwood
  • Interior Amenities: Ceiling Fan(s), Upgraded Cabinets, Kitchen, Family Room, Office/Den
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Range, Refrigerator
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Bulkhead
  • Living Area: 2912
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: H22100
  • MAIN SO: BB5675

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Oil, Electric, Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station
  • Rent Includes: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1577675
  • Zoning: r
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5865
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6040
  • Tax Block: 0005
  • Tax Lot: 0000

Multi Family

  • Net Operating Income: 67800
  • Number Of Units Total: 4
  • Total Actual Rent: 5650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $645,000 +3.1% $221 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $625,900 0.0% $215 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/18/2024 03/18/24 For Sale $625,900 -- $215 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $6,583 $469,200 $106,900 $362,300
2024 $6,052 $417,100 $101,800 $315,300
2023 $6,040 $388,700 $88,500 $300,200
2022 $5,708 $344,700 $77,000 $267,700
2021 $4,308 $237,600 $59,900 $177,700
2020 $4,216 $234,500 $56,800 $177,700
2019 $3,682 $198,600 $51,000 $147,600
2018 $0 $184,700 $49,600 $135,100
2017 $12,230 $176,600 $46,300 $130,300
2016 $3,289 $168,000 $46,300 $121,700
2015 $3,266 $168,000 $46,300 $121,700
2014 $3,559 $188,400 $50,300 $138,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73213467

MLS Property Information Network (MLS PIN)
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