$980,000
SOLD DEC 28, 2022
6 Beds
3 Baths
3,192 Sq Ft
4,874 Sq Ft Lot

Recently Sold

$307 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Medical Services
  • Deck
  • Wood Flooring
  • City View
  • Property is near public transit
  • 5-minute walk to Meadows Park

About This Home

As of December 2022

Great cash flow opportunity! This large 3 family features 5 room, 2+ bedroom, 1 bath units all in good shape with very similar layouts. Recent upgrades have been done in all of the units which feature stainless steel appliances and granite countertops. All units have separate living and dining rooms. Large eat-in kitchens with pantries. Completely deleaded and all utilities are separated. Common coin-op laundry in the basement. Exterior features include recently painted siding and decks, well maintained fenced yard and paved driveway. Close proximity to major highway, public transportation, hospitals, restaurants/shops on Broadway, downtown Boston and Encore Casino. Come take advantage of the great cash flow opportunity for investors or owner-occupied while renting out the other units. $7,000+ per month in rental income. Open House Thurs 11/10 from 5:30-7pm and Sat 11/12 12 – 1:30pm. Offers due Monday 11/14 at 5pm.

Last Agent to Sell the Property

Mark Pitzi

Coldwell Banker Realty - Beverly Listed on: 11/08/2022

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Ryan Wilson

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,220

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 4,874 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,192 Sq Ft Home
  • Window Screens
  • City Views
  • Basement Fills Entire Space Under The House
  • Microwave

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $7,200
  • Rent includes unit 1(water), unit 2(water), unit 3(water)

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,220

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Laminate,Hardwood, Unit 1(undefined)
  • Interior Amenities: Unit 1(Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 2(Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 3(Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den), Unit 3 Rooms(Living Room,Dining Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator), Unit 2(Range,Microwave,Refrigerator), Unit 3(Range,Microwave,Refrigerator), Oil Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3192
  • Stories Total: 6
  • Window Features: Screens
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 313.25
  • PRICE PER Sq Ft: 307.02
  • MAIN SO: BB5522

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Deck
  • Roof: Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Oil), Unit 2(Oil), Unit 3(Oil)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4874
  • Lot Size Units: Acres
  • PAGE: 18
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8219.62
  • Tax Book Number: 73639

Multi Family

  • Gross Income: 86400
  • Net Operating Income: 86400
  • Number Of Units Total: 3
  • Total Actual Rent: 7200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2024
Sold by
Stamides Stefanos and Stamides Christina
Bought by
15-17 Gladstone St Rt and Stamides
Current Estimated Value
$1,152,707

Purchase Details

Listed on
Aug 19, 2019
Closed on
Nov 13, 2019
Sold by
Imstar Llc
Bought by
Schumacher Ryan
Seller's Agent
Nick Spagnola
Centre Realty Group
Buyer's Agent
Mark Pitzi
Coldwell Banker Realty - Beverly
List Price
$889,000
Sold Price
$872,000
Premium/Discount to List
-$17,000
-1.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$697,600
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2013
Sold by
Cericola Lorraine M and Orchi George A
Bought by
Cericola Lorraine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,720
Interest Rate
4.34%

Purchase Details

Closed on
Jun 6, 1996
Sold by
Simonelli Dorothy and Dellacroce Richard G
Bought by
Cericola Lorraine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,450
Interest Rate
7.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Not Resolvable $872,000 --
Quit Claim Deed -- --
Deed $131,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $735,000 Purchase Money Mortgage
Previous Owner $697,600 Purchase Money Mortgage
Previous Owner $414,000 Commercial
Previous Owner $169,720 No Value Available
Previous Owner $20,000 No Value Available
Previous Owner $195,000 No Value Available
Previous Owner $75,000 No Value Available
Previous Owner $124,450 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $980,000 -2.0% $307 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $999,900 +14.7% $313 / Sq Ft
11/15/2019 11/15/19 Sold $872,000 -1.8% $273 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $888,000 -0.1% $278 / Sq Ft
08/19/2019 08/19/19 For Sale $889,000 -- $279 / 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 $10,925 $959,200 $268,600 $690,600
2024 $10,558 $921,300 $238,800 $682,500
2023 $10,117 $858,800 $228,800 $630,000
2022 $8,220 $793,400 $208,900 $584,500
2021 $7,336 $743,300 $176,600 $566,700
2020 $7,345 $690,300 $176,600 $513,700
2019 $7,177 $579,700 $151,000 $428,700
2018 $6,789 $492,700 $131,300 $361,400
2017 $6,424 $444,900 $109,400 $335,500
2016 $5,913 $409,200 $108,700 $300,500
2015 $5,482 $375,200 $94,500 $280,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73056288

MLS Property Information Network (MLS PIN)

APN: EVER-000000-K000008-000113