NOT LISTED FOR SALE

1290 Cape St Lee, MA 01238

Lee Area
12 Beds
10 Baths
6,500 Sq Ft
14 Acre Lot

Sale Details

Date Sold: December 4, 2014

Last sale price $358,000 $55 Per Sq Ft

793 Days on Market

Highlights

  • Colonial Architecture
  • Storm Windows
  • Hot Water Heating System
  • Deck
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of December 2014

Unique ten unit apartment complex consisting of eight buildings listed at a 10.3 % cap rate with the potential of a 21.1% Cash on Cash return. The one apartment that is in building one is a two bedroom in good condition with a new bath. In building two there are three apartments. The two on the first floor are one bedroom units and the one on the second floor is a large two bedroom unit.

Last Agent to Sell the Property

Michael Sorrentino

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD License #9084206 Listed on: 07/16/2012

BERKSHIRE HATHAWAY HOMESERVICES  REALTY PROFESSIONALS-WESTFIELD

Last Buyer's Agent

Michael Sorrentino

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,052

Year Built

  • 1900

Lot Details

  • 14

Home Design

  • Colonial Architecture
  • Cottage
  • Bungalow
  • Wood Frame Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Clap Board Siding
  • Shingle Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 6,500 Sq Ft Home
  • Insulated Windows
  • Insulated Doors

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 20 Parking Spaces
  • No Garage

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Lee Elementary And Middle School
  • Lee High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Well
  • Propane Water Heater
  • Private Sewer

Community Details

  • 7 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,052

Year Built

1900

Lot Details

14 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Type: Multi-Family
  • Style: Bungalow | Cottage | Colonial
  • Construction: Wood Frame
  • Directions: Rt. 20 East from Lee is Cape St.
  • Property Use Stat: Investment
  • Unit Style: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 10.00
  • Total Full Baths: 10
  • Basement: Crawl | Sump Pump | Full
  • Insulation: Unknown
  • Interior Amenities: Cable Avail
  • Floor: Carpet | Linoleum
  • Sq Ft Liv Apx: 6500.00

Exterior Features

  • Exterior Amenities: Bus-School | Lighting | Trash Private | Deck
  • Roof: Asphalt | Fiberglass
  • Exterior Siding: Clapboard | Vinyl | Shingle

Garage/Parking

  • Parking Spaces: 20.00
  • Garage: None

Utilities

  • Electric Type: 100 Amp | Circuit Breaker
  • Fuel: Oil | Propane
  • Hot Water: Electric | Propane
  • Internet Service: Cable Available
  • Sewer: Private
  • Underground Oil Tank: No
  • Water: Well
  • Well Detail: Drilled Shallow
  • Flood Hazard Area: No
  • Electric Meters Number: 7
  • Heat Cool Vent: Forced Air | Hot Water
  • Heat Cool Vent Air Exchange System: No

Lot Info

  • Estimated Acres: 14.00
  • Total Assessed Value: 515900.00
  • Assessed Year: 2012.00
  • Right To Farm Comm: Yes
  • Zoning: Multi
  • Land Use Water Shed: No
  • Lot Dimensions: 609,840

Green Features

  • Energy Features: Insulated Doors | Storm Windows | Storm Doors | Insulated Windows

Rental Info

  • Included In Rent: Electric | Trash Removal | Parking

Tax Info

  • Taxes: 7052.00
  • Tax Year: 2012

Multi Family

  • No Of Units: 9 or More

MLS Schools

  • Elementary School: Lee
  • High School: Lee
  • Middle School: Lee

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

Listed on
Jul 16, 2012
Closed on
Dec 5, 2014
Sold by
Bought by
Seller's Agent
Michael Sorrentino
BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD
Buyer's Agent
Michael Sorrentino
BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD
List Price
$399,000
Sold Price
$358,000
Premium/Discount to List
-$41,000
-10.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$111,555
Interest Rate
3.93%
Mortgage Type
Commercial
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
$358,000 --
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 $150,000
Previous Owner $266,000
Previous Owner $55,000
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
12/04/2014 12/04/14 Sold $358,000 -10.3% $55 / Sq Ft
09/17/2014 09/17/14 Pending -- -- --
07/16/2012 07/16/12 For Sale $399,000 -- $61 / Sq Ft
Source: Berkshire County Board of REALTORS®

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 $6,057 $538,400 $195,800 $342,600
2024 $5,743 $510,900 $186,700 $324,200
2023 $5,738 $485,000 $176,700 $308,300
2022 $5,468 $400,600 $158,900 $241,700
2021 $5,534 $377,000 $135,300 $241,700
2020 $5,534 $377,000 $135,300 $241,700
2019 $5,572 $377,000 $135,300 $241,700
2018 $5,516 $377,000 $135,300 $241,700
2017 $5,549 $377,000 $135,300 $241,700
2016 $5,489 $377,000 $135,300 $241,700
2015 $7,741 $549,800 $152,300 $397,500
2014 $7,300 $515,900 $130,900 $385,000
Source: Public Records

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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 199163

Berkshire County Board of REALTORS®

APN: LEEE M:021 B:00 L:0000-0018.0

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