NOT LISTED FOR SALE

Estimated Value: $889,000 - $930,000

9 Beds
3 Baths
4,371 Sq Ft
$207/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $807,000 $185 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,643/month

2 Days on Market

Highlights

  • 0.28 Acre Lot
  • Property is near public transit
  • Laundry Room
  • Deck
  • Wood Flooring
  • Shops

About This Home

As of November 2023

Question: How can anyone afford a home in this market? Answer: By investing in yourself and having your tenants pay your mortgage! You and your tenants will love that this property is situated on a double lot, giving it much-desired outside space tenants typically won't find in a rental. Each unit has a private deck to enjoy morning coffee. Conveniently located close to shopping and highways. This building is a great investment for anyone looking to generate income from rental properties. It's also a great option for first-time investors with its history of positive income flow.

Last Agent to Sell the Property

Tara Donahue Scott

Keller Williams Realty Evolution Listed on: 09/18/2023

Keller Williams Realty Evolution

Last Buyer's Agent

Paula Kligerman

Coldwell Banker Realty - Andovers/Readings Regional

Coldwell Banker Realty - Andovers/Readings Regional

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,853

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Fenced

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,371 Sq Ft Home
  • Insulated Windows
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

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

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $6,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:00714 B:00016 L:00024,2043639

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Additional Features

  • Shops
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,853

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • 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: Wood,Vinyl,Carpet, Unit 1(undefined), Unit 3(Wood Flooring)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 3(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen,Family Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Unit 3(Range,Dishwasher,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Full
  • Living Area: 4371
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 169.07
  • PRICE PER Sq Ft: 184.63
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Deck,Fenced Yard, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00714 B:00016 L:00024,2043639
  • Zoning: RG
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12001
  • Lot Size Units: Acres
  • PAGE: 123
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7853
  • Tax Book Number: 13922

Multi Family

  • Gross Income: 72000
  • Net Operating Income: 72000
  • Number Of Units Total: 3
  • Total Actual Rent: 6000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Vilmar Seraphin $592,500
Closed Mcglew Travis J $280,000
Closed Mcglew Travis J $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $807,000 +9.2% $185 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/18/2023 09/18/23 For Sale $739,000 +110.5% $169 / Sq Ft
07/23/2014 07/23/14 Sold $351,000 +0.3% $80 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $349,900 -- $80 / 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 $8,320 $786,400 $208,800 $577,600
2024 $8,200 $755,100 $187,200 $567,900
2023 $7,853 $671,200 $165,600 $505,600
2022 $6,877 $527,000 $129,600 $397,400
2021 $6,726 $509,900 $122,400 $387,500
2020 $6,625 $492,900 $115,200 $377,700
2019 $6,276 $442,300 $108,000 $334,300
2018 $5,862 $410,800 $108,000 $302,800
2017 $5,450 $372,000 $100,800 $271,200
2016 $5,090 $343,700 $93,600 $250,100
2015 $4,326 $296,300 $77,800 $218,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73160393

MLS Property Information Network (MLS PIN)

APN: METH-000714-000016-000024