NOT LISTED FOR SALE

Estimated Value: $2,346,000 - $2,802,000

10 Beds
5 Baths
4,000 Sq Ft
$648/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $2,350,000 $588 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $15,707/month

106 Days on Market

About This Home

As of December 2021

Attention Investors! Fully leased, 5.5% Cap Rate, 2-Family Gem in South Boston's City Point. The water views and unbeatable location just 1 block from Castle Island are only the beginning. The property was fully renovated in 2020- new kitchens, new baths, new HVAC, new hot water tanks, new floors, and new deck. Unit #1- currently leased at $7350/mo is two floors and consists of 5beds + office and 3 full bathrooms. Unit #2- currently leased at $7350/mo is two floors and consists of 5beds + office and 2 full bathrooms. Both leases are in place through August 31st, 2022. The driveway along the left-hand side of the property fits 3 cars (in tandem). First Showings at Sunday 6/13 Open House 1:30 - 3:00pm.

Last Agent to Sell the Property

Haywood Kristian Group

Coldwell Banker Realty - Boston Listed on: 06/09/2021

Coldwell Banker Realty - Boston

Last Buyer's Agent

Haywood Kristian Group

Coldwell Banker Realty - Boston Listed on: 06/09/2021

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,294

Year Built

  • 1910

Lot Details

  • 3,920

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,294

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Corner of Columbia Rd & P St.
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Total Bathrooms: 5
  • MAIN LO: AN2213
  • LIST PRICE PER Sq Ft: 650
  • PRICE PER Sq Ft: 587.5
  • MAIN SO: AN2213
  • Full Bathrooms: 5
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Wood
  • Stories: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • View: Scenic View(s)
  • Disclosures: First Showings At Sunday 6/13 Open House 1:30 - 3:00pm
  • Patio And Porch Features: Deck
  • Waterfront Features: Waterfront, Beach Front, Ocean, Bay, Bay, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access

Lot Info

  • LOT SIZE: 3792
  • PAGE: 184
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: RES

Multi Family

  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 176400
  • Property Net Operating Income: 176400
  • Number Of Units Total: 2
  • Annual Operating Expense: 26586
  • Total Actual Rent: 14700

Tax Info

  • Tax Annual Amount: 14571
  • Tax Book Number: 62491
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Dec 15, 2021
Sold by
Pdg Greenville Llc
Bought by
Adler Sarah and Adler Gerald
Seller's Agent
Haywood Kristian Group
Coldwell Banker Realty - Boston
Buyer's Agent
Haywood Kristian Group
Coldwell Banker Realty - Boston
List Price
$2,700,000
Sold Price
$2,350,000
Premium/Discount to List
-$350,000
-12.96%
Current Estimated Value
$2,590,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,826
Avg. Annual Appreciation
-0.58%
Original Mortgage
$1,762,500
Outstanding Balance
$1,633,215
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$665,260

Purchase Details

Closed on
Jan 29, 2020
Sold by
Lw Property Llc
Bought by
Pdg Greenville Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,467,375
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2019
Sold by
Margaret A Caputo T
Bought by
L W Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,467,375
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2005
Sold by
Caputo Margaret A
Bought by
Margaret A Caputo T

Purchase Details

Closed on
Aug 31, 1989
Sold by
Golden Paul F
Bought by
Caputo Charles T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.7%
Mortgage Type
Purchase Money Mortgage
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
Adler Sarah $2,350,000 None Available
Pdg Greenville Llc $1,500,000 None Available
L W Property Llc $1,250,000 None Available
Margaret A Caputo T -- --
Caputo Charles T -- --
Caputo Charles T $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adler Sarah $1,762,500
Previous Owner Pdg Greenville Llc $1,467,375
Previous Owner Datz Jacob $670,000
Previous Owner Caputo Charles T $93,700
Previous Owner Caputo Charles T $96,000
Previous Owner Caputo Charles T $100,000
Previous Owner Caputo Charles T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $2,350,000 -9.6% $588 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $2,600,000 -3.7% $650 / Sq Ft
06/09/2021 06/09/21 For Sale $2,700,000 -- $675 / 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 $24,294 $2,097,900 $671,900 $1,426,000
2024 $23,325 $2,139,900 $507,200 $1,632,700
2023 $21,282 $1,981,600 $469,700 $1,511,900
2022 $18,853 $1,732,800 $434,700 $1,298,100
2021 $14,438 $1,353,100 $426,200 $926,900
2020 $13,257 $1,255,400 $389,100 $866,300
2019 $12,976 $1,231,100 $300,200 $930,900
2018 $12,284 $1,172,100 $300,200 $871,900
2017 $11,284 $1,065,500 $300,200 $765,300
2016 $10,655 $968,600 $300,200 $668,400
2015 $9,195 $759,300 $242,300 $517,000
2014 $8,129 $646,200 $242,300 $403,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72846514

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-004404