NOT LISTED FOR SALE
15 Beds
7 Baths
6,324 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: July 8, 2021

Last sale price $450,000 $71 Per Sq Ft

11 Days on Market

About This Home

As of July 2021

This 7-unit property practically runs itself; 100% occupancy with excellent operating numbers and HUGE rent increase potential as current rents are significantly below market value. Future owner-occupants would be well suited in Unit 1 which is the most spacious unit and boasts 12' ceilings. The roof was replaced in late 2015 with 30 year shingles and should be good for about 20 more years. Tenants are responsible for their own utilities except water/sewer. Great opportunity to put your money at work!

Last Agent to Sell the Property

Nicole Schneider

Balanced Approach Realty, LLC Listed on: 05/05/2021

Last Buyer's Agent

Jennifer Gates

Allison James Estates & Homes of MA, LLC

Allison James Estates & Homes of MA, LLC
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 7,841

Parking

  • 1

Additional Features

  • Property has 1 Level
  • 7 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

7,841 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: School St to Elm
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Unknown/Mixed
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Unit 3(Range,Refrigerator), Gas Water Heater,Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Has Basement: Unfinished
  • MAIN LO: AN6537
  • MAIN SO: BB2685
  • Full Bathrooms: 7
  • Total Bedrooms: 15
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Vinyl,Carpet,Laminate
  • Stories: 9
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Property Sold As Is.
  • Lot Features: Easements
  • Waterfront Features: Beach Front
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Total Parking Spaces: 12

Utilities

  • HEAT ZONES: 7
  • Electric: 110 Volts, Circuit Breakers
  • Laundry Features: Unit 1(Washer & Dryer Hookup)
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks)), Unit 3(Water,Other (See Remarks)), Unit 4(Water,Other (See Remarks))

Lot Info

  • LOT SIZE: 7840
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7840.799999
  • Zoning: 11

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2
  • Annual Gross Income: 60565
  • Property Net Operating Income: 41006
  • Number Of Units Total: 7
  • Annual Operating Expense: 25523
  • Total Actual Rent: 5200

Tax Info

  • Tax Annual Amount: 3467.62
  • Tax Block: 7
  • Tax Book Number: 26343
  • Tax Lot: 120
  • Tax Map Number: 107
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,700
Outstanding Balance
$628,233
Interest Rate
6.64%
Mortgage Type
Commercial

Purchase Details

Listed on
May 5, 2021
Closed on
Jul 8, 2021
Sold by
Bought by
Seller's Agent
Nicole Schneider
Balanced Approach Realty, LLC
Buyer's Agent
Jennifer Gates
Allison James Estates & Homes of MA, LLC
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$715,000 None Available
$450,000 None Available
$153,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $644,700
Previous Owner $337,500
Previous Owner $245,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/08/2021 07/08/21 Sold $450,000 +0.2% $71 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $449,000 -- $71 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,447 $455,000 $58,000 $397,000
2024 $5,642 $429,700 $57,800 $371,900
2023 $5,937 $444,400 $52,400 $392,000
2022 $6,032 $405,900 $42,900 $363,000
2021 $3,608 $229,200 $41,700 $187,500
2019 $4,136 $243,600 $41,700 $201,900
2018 $4,061 $243,600 $41,700 $201,900
2017 $3,790 $229,300 $52,100 $177,200
2016 $3,710 $229,300 $52,100 $177,200
2015 $3,592 $230,400 $53,200 $177,200
2014 $3,511 $230,400 $53,200 $177,200
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72826183

MLS Property Information Network (MLS PIN)
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