NOT LISTED FOR SALE
14 Beds
7 Baths
6,865 Sq Ft
7,200 Sq Ft Lot

Sale Details

Date Sold: October 31, 2022

Last sale price $1,150,000 $168 Per Sq Ft

83 Days on Market

Highlights

  • Deck
  • Jogging Path
  • Park
  • Property is near public transit and schools
  • Porch
  • Laundry Room

About This Home

As of October 2022

Incredible investment opportunity. Solid, Seven unit (Legal 7) and additional lot packaged together bringing cash flow and a delightful development scenario to savvy searchers. Together these parcels provide a 1/2 acre (parcel ID #164-024) of land with 6, 2 bedroom units and a prior finished basement unit (studded/shell now) Plenty of parking, 2 cars per unit and coin op laundry in basement provide for additional income 4 units will come vacant and the other 3 are tenant at will, with below market value rents. Gross income potential of $12,000+ With some minor updates. Lead certificates for each unit in hand. Close to public transport (Montello Commuter Rail stop) Elementary schools, Supermarkets, shops, parks, and easy high access.

Last Agent to Sell the Property

Closing Table Group

Coldwell Banker Realty - Boston Listed on: 06/01/2022

Coldwell Banker Realty - Boston

Last Buyer's Agent

Kary Cummings

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,952

Year Built

  • Built in 1900

Lot Details

  • 7,200

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 6,865 Sq Ft Home
  • Partial Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • 7,200 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $5,900
  • Assessor Parcel Number M:164 R:017 S:,971440

Community Details

Overview

  • 7 Units
  • Property has 1 Level

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $4,300
  • Water Sewer Expense $4,200
  • Operating Expense $8,500
  • Net Operating Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,952

Year Built

Built in 1900

Lot Details

7,200 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Sub Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 12

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 14
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Laundry Features: Laundry Room
  • Basement: Partial
  • Living Area: 6865
  • Stories Total: 12
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch, Deck - Wood
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Public School, T-Station

Fee Information

  • Water Sewer Expenses: 4200

Lot Info

  • Parcel Number: M:164 R:017 S:,971440
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7200
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9952

Multi Family

  • Insurance Expense: 4300
  • Net Operating Income: 62400
  • Number Of Units Total: 7
  • Operating Expense: 8500
  • Total Actual Rent: 5900
  • 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

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
Jun 1, 2022
Closed on
Oct 26, 2022
Sold by
Bought by
Seller's Agent
Closing Table Group
Coldwell Banker Realty - Boston
Buyer's Agent
Kary Cummings
Coldwell Banker Realty - Cambridge
List Price
$1,499,999
Sold Price
$1,150,000
Premium/Discount to List
-$349,999
-23.33%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,500
Outstanding Balance
$762,475
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2006
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
$255,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2006
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
$255,000
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 2000
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
$19,500
Interest Rate
8.26%
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
$1,150,000 None Available
-- --
-- --
-- --
$198,200 --
-- --
-- --
$198,200 --
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 $801,500
Previous Owner $275,000
Previous Owner $225,000
Previous Owner $255,000
Previous Owner $19,500
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
10/31/2022 10/31/22 Sold $1,150,000 -6.4% $168 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/13/2022 08/13/22 Price Changed $1,229,000 -1.5% $179 / Sq Ft
07/29/2022 07/29/22 Price Changed $1,248,000 -3.2% $182 / Sq Ft
07/13/2022 07/13/22 Price Changed $1,289,000 -7.9% $188 / Sq Ft
06/16/2022 06/16/22 Price Changed $1,399,000 -6.7% $204 / Sq Ft
06/01/2022 06/01/22 For Sale $1,499,999 -- $218 / 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 $11,159 $921,500 $161,200 $760,300
2024 $11,076 $921,500 $161,200 $760,300
2023 $9,987 $769,400 $147,000 $622,400
2022 $9,952 $712,400 $147,000 $565,400
2021 $8,997 $620,500 $140,000 $480,500
2020 $9,478 $625,600 $106,600 $519,000
2019 $7,607 $489,500 $106,600 $382,900
2018 $7,630 $475,100 $106,600 $368,500
2017 $6,759 $419,800 $106,600 $313,200
2016 $6,864 $395,400 $106,560 $288,840
2015 $6,523 $359,400 $106,560 $252,840
2014 $6,516 $359,400 $106,560 $252,840
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72988044

MLS Property Information Network (MLS PIN)
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