NOT LISTED FOR SALE

151 Mechanic St Fitchburg, MA 01420

Estimated Value: $515,000 - $522,410

7 Beds
4 Baths
3,577 Sq Ft
$145/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $380,000 $106 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,747/month

20 Days on Market

About This Home

As of October 2021

3 Unit Multi Family near Upper Common. Classic Brick Multi Renovated in 2015 with New Kitchen, Baths, Electric and Heat. 1 - Three Bedroom Apt & 2 -Two Bedroom Apts. Each Apartment Has Separate Gas Heat/Hot Water/Electric, 2 Means of Egress, and Plenty of Off-Street Parking. Enjoy the Common Laundry Area with Coin Op Washer/Dryer, Private Side Yard, and Pleasing Floors Plans. These Easy to Rent Apartments Command Top Dollar, Low Maintenance, and Conveniently Located Close to MBTA, Schools & Commuter Rtes. Awesome Opportunity to Own a CASH COW Multi. Be A Part of This RED-HOT Rental Market...

Last Agent to Sell the Property

Michael Beaudoin

Coldwell Banker Realty - Leominster Listed on: 08/26/2021

Coldwell Banker Realty - Leominster

Last Buyer's Agent

Juliana Danquah

Century 21 XSELL REALTY

Century 21 XSELL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $65

Year Built

  • 1830

Lot Details

  • 6,970

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$65

Year Built

1830

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Main St to Mechanic St, corner of Mechanic and Lowe Passway
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1830

Interior Features

  • Appliances: Washer, Dryer, Unit 1(Range), Unit 2(Range), Unit 3(Range), Tank Water Heater, Utility Connections for Electric Dryer
  • Has Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Concrete
  • Total Bathrooms: 4
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 103.41
  • PRICE PER Sq Ft: 106.23
  • MAIN SO: AN4146
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplace: No
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 6

Exterior Features

  • Roof: Shingle, Rubber
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Investor Owned, Limited Info And Representation. Rubber Roof Replaced In 2020. Current Tenants Convey With Building. Unit 1 Is The Lower Level Apartment. Pictures Are Of Apt 1 & 3 Prior To Being Rented.
  • Home Warranty: No
  • Lot Features: Corner Lot, Level
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Electric Baseboard,Gas,Unit Control,Wall Unit), Unit 2(Hot Water Baseboard,Gas,Unit Control), Unit 3(Hot Water Baseboard,Gas)
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating Yn: Yes
  • Laundry Features: Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Annual Water Sewer Expense: 2056

Lot Info

  • LOT SIZE: 7106
  • PAGE: 42
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6969.6
  • Zoning: RC

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Electric Expense: 300
  • Annual Gross Income: 43200
  • Insurance Expense: 2200
  • Property Net Operating Income: 38597
  • Number Of Units Total: 3
  • Annual Operating Expense: 4603
  • Total Actual Rent: 3600

Tax Info

  • Tax Annual Amount: 4624
  • Tax Book Number: 9132
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2015
Sold by
Steeves Gary V and Lechten Rozlyn
Bought by
Steeves Aaron V and Steeves Jeffrey
Current Estimated Value
$518,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Outstanding Balance
$102,213
Interest Rate
3.87%
Mortgage Type
Commercial
Estimated Equity
$416,390

Purchase Details

Closed on
Jul 31, 2000
Sold by
Reed Gary R and Reed Linda F
Bought by
Berube Chris D and Berube Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
8.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Steeves Aaron V $162,000 --
Berube Chris D $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steeves Aaron V $129,600
Previous Owner Berube Chris D $40,251
Previous Owner Berube Chris D $93,000
Previous Owner Berube Chris D $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2021 10/29/21 Sold $380,000 -1.3% $106 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/09/2021 09/09/21 For Sale -- -- --
09/01/2021 09/01/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $384,900 +60.4% $108 / Sq Ft
07/31/2018 07/31/18 Sold $240,000 -7.7% $67 / Sq Ft View Prior Sale
06/14/2018 06/14/18 Pending -- -- --
06/01/2018 06/01/18 Price Changed $260,000 -1.8% $73 / Sq Ft
05/18/2018 05/18/18 For Sale $264,900 +393.6% $74 / Sq Ft
05/25/2012 05/25/12 Sold $53,668 -46.3% $15 / Sq Ft View Prior Sale
04/25/2012 04/25/12 Pending -- -- --
11/14/2011 11/14/11 For Sale $99,900 -- $28 / 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 $65 $481,100 $86,600 $394,500
2024 $5,758 $388,800 $52,200 $336,600
2023 $5,437 $339,400 $40,100 $299,300
2022 $5,417 $307,600 $35,200 $272,400
2021 $4,624 $243,000 $26,700 $216,300
2020 $4,354 $220,900 $21,800 $199,100
2019 $3,977 $194,100 $30,300 $163,800
2018 $2,927 $139,300 $27,900 $111,400
2017 $2,654 $123,500 $25,500 $98,000
2016 $3,023 $142,400 $25,500 $116,900
2015 $2,827 $136,700 $26,700 $110,000
2014 $2,792 $140,800 $26,700 $114,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72886988

MLS Property Information Network (MLS PIN)

APN: FITC-000009-000043