NOT LISTED FOR SALE

Estimated Value: $498,569 - $618,000

4 Beds
2 Baths
2,562 Sq Ft
$224/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $500,000 $195 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,448/month

19 Days on Market

Highlights

  • Waterfront
  • Jogging Path
  • Park
  • Property is near public transit
  • Walking Distance to Water
  • Shops

About This Home

As of June 2024

Discover this inviting two-family home in New Bedford's desirable South End. Boasting spacious and bright 2-bedroom layouts in each unit, this property offers comfortable living spaces for both residents and potential tenants. Step outside to discover the outdoor space, perfect for soaking up the fresh air and sunshine . Explore nearby parks, beaches, and cultural attractions, or take advantage of the property's proximity to highways and public transportation for effortless commuting. Conveniently located near shopping, dining, and recreation, with easy access to highways and public transport. Live in one unit and rent out the other to offset your mortgage, or capitalize on New Bedford's strong rental market by renting out both units for a steady stream of income. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Nancy DeSousa

LPT Realty - Home & Key Group Listed on: 04/13/2024

LPT Realty - Home & Key Group

Last Buyer's Agent

Antonio Fonseca

T & L Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,492

Year Built

  • Built in 1922

Lot Details

  • 4,700 Sq Ft Lot
  • Waterfront

Interior Spaces

  • 2,562 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Walking Distance to Water

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 2883982

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,492

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1922
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2562
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6369
  • MAIN SO: AN3109

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2883982
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4700
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4492

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2024
Closed on
Jun 13, 2024
Sold by
Oliveiro Horacio
Bought by
Monteiro Charlene R and Monteiro Joso P
Seller's Agent
Nancy DeSousa
LPT Realty - Home & Key Group
Buyer's Agent
Antonio Fonseca
T & L Real Estate
List Price
$489,000
Sold Price
$500,000
Premium/Discount to List
$11,000
2.25%
Views
49
Current Estimated Value
$574,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,892
Avg. Annual Appreciation
9.89%
Original Mortgage
$483,312
Outstanding Balance
$475,727
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$99,165

Purchase Details

Closed on
Feb 22, 2001
Sold by
Clarkson Ft and Clarkson Gordon S
Bought by
Oliveira Horacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Monteiro Charlene R $500,000 None Available
Monteiro Charlene R $500,000 None Available
Monteiro Charlene R $500,000 None Available
Oliveira Horacio $110,000 --
Oliveira Horacio $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monteiro Charlene R $483,312
Closed Monteiro Charlene R $483,312
Previous Owner Oliveira Horacio $106,900
Previous Owner Oliveira Horacio $100,000
Previous Owner Oliveira Horacio $104,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2024 06/13/24 Sold $500,000 +2.2% $195 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $489,000 -- $191 / 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 $5,083 $449,400 $110,600 $338,800
2024 $4,492 $374,300 $103,700 $270,600
2023 $4,214 $294,900 $89,800 $205,100
2022 $3,818 $245,700 $82,900 $162,800
2021 $3,830 $245,700 $82,900 $162,800
2020 $2,995 $234,300 $77,700 $156,600
2019 $3,696 $224,400 $77,700 $146,700
2018 $0 $210,200 $76,000 $134,200
2017 $3,186 $190,900 $76,000 $114,900
2016 $3,036 $184,100 $74,300 $109,800
2015 $2,838 $180,400 $74,300 $106,100
2014 $2,770 $182,700 $76,000 $106,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73223697

MLS Property Information Network (MLS PIN)

APN: NEWB-000012-000000-000161