NOT LISTED FOR SALE

Estimated Value: $923,000 - $1,067,000

5 Beds
3.5 Baths
3,000 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $890,000 $297 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,168/month

14 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Deck
  • William P. Gorman/Fort Banks Elementary School Rated A-
  • City View
  • 5-minute walk to Crest Avenue Park

About This Home

As of August 2022

Welcome to 149 Revere St, a legal 3 family in the Center of Winthrop by the Sea. Fully updated in 2018-2019, this property is prime for an owner occupants or investors. The left unit, (1L) features 2 levels of living, and 3 beds, 1.5 baths, fully updated with a gut renovation and open floor plan. Several elements were preserved in renovation: Refurbished cast iron radiators, revitalized classic built ins, and a completely modernized kitchen, featuring ample counter space. The basement has 2 sets of coin operated laundry, spinning off more than enough cash to pay the water bill. Head into the investment units, where each floor has a 1 bedroom unit. Unit 1R was fully remodeled, and unit 2, right top, was updated. New electrical service and building rewire, new architectural shingle roof, and many more updates. Unfinished attic could be opened up to unit top one bed unit for future expansion. Start your home ownership or investment journey with this updated turn key 3 family.

Last Agent to Sell the Property

The Reference Group

Reference Real Estate Listed on: 06/16/2022

Co-Listed By

Seth Williams

Reference Real Estate

Last Buyer's Agent

Lien Vuong

Berkshire Hathaway HomeServices Commonwealth Real Estate

Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,583

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 3,100 Sq Ft Lot
  • Near Conservation Area
  • Gentle Sloping Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • City Views
  • Washer and Electric Dryer Hookup

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Fort Banks Elementary School
  • Winthrop Middle School
  • Winthrop High School

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $6,300
  • Rent includes unit 1(water), unit 2(heat water), unit 3(heat gas water)
  • Assessor Parcel Number M:062 L:048,1424784

Community Details

Overview

  • 3 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $768
  • Insurance Expense $3,200
  • Water Sewer Expense $2,295
  • Operating Expense $10,234
  • Net Operating Income $75,552

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,583

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: neg
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Lead Certification Available,Open Floor Plan,Programmable Thermostat,Internet Available - Broadband), Unit 2(Lead Certification Available,Upgraded Countertops,Internet Available - Broadband), Unit 3(Lead Certification Available,Bathroom With Tub,Internet Available - Broadband), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Refrigerator,Vent Hood), Unit 3(Range,Dishwasher,Microwave,Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bathrooms: 3.5
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry, Bulkhead, Unfinished
  • Living Area: 3000
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: AN7079
  • LIST PRICE PER Sq Ft: 299.97
  • PRICE PER Sq Ft: 296.67
  • MAIN SO: AN6527

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • View: City View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Baseboard,Hot Water Radiators,Gas), Unit 3(Hot Water Radiators,Gas)
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Bike Path, Conservation Area, Highway Access, Marina, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Heat,Water), Unit 3(Heat,Gas,Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2295

Lot Info

  • Parcel Number: M:062 L:048,1424784
  • Zoning: r3
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3100
  • Lot Size Units: Acres
  • PAGE: 252
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9583
  • Tax Book Number: 61565

Multi Family

  • Electric Expense: 768
  • Gross Income: 75552
  • Insurance Expense: 3200
  • Net Operating Income: 75552
  • Number Of Units Total: 3
  • Operating Expense: 10234
  • Total Actual Rent: 6300
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Winthrop High
  • Elementary School: Fort Banks
  • Middle Or Junior School: Winthrop

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Aug 8, 2019
Sold by
Williams Seth
Bought by
Garrasi John R and Mancini Jenalee M
Seller's Agent
Ledge & Young Real Estate
Ledge & Young Real Estate
Buyer's Agent
Ledge & Young Real Estate
Ledge & Young Real Estate
List Price
$824,900
Sold Price
$835,000
Premium/Discount to List
$10,100
1.22%
Current Estimated Value
$999,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,188
Avg. Annual Appreciation
2.18%
Original Mortgage
$749,650
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2018
Sold by
Murray Josephine M Est
Bought by
Williams Seth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,400
Interest Rate
4.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Garrasi John R $835,000 --
Williams Seth $533,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poirier Justin C $756,500
Closed Garrasi John R $749,650
Previous Owner Williams Seth $530,000
Previous Owner Williams Seth $426,400
Previous Owner Murray John S $50,000
Previous Owner Murray John S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $890,000 -1.1% $297 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $899,900 +7.8% $300 / Sq Ft
08/09/2019 08/09/19 Sold $835,000 +1.2% $278 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $824,900 -- $275 / 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 $8,675 $840,600 $295,400 $545,200
2024 $8,602 $825,500 $283,900 $541,600
2023 $9,017 $842,700 $259,900 $582,800
2022 $9,583 $814,900 $232,100 $582,800
2021 $9,405 $741,700 $207,200 $534,500
2020 $7,220 $572,100 $207,200 $364,900
2019 $6,615 $501,900 $191,000 $310,900
2018 $6,458 $456,100 $163,900 $292,200
2017 $5,947 $412,700 $148,400 $264,300
2016 $5,612 $365,100 $126,400 $238,700
2015 $4,982 $347,400 $122,700 $224,700
2014 $4,730 $303,600 $109,200 $194,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72998880

MLS Property Information Network (MLS PIN)

APN: WINT-000062-000000-000048