Seller's Agent in 2022
Edmond McGonagle
William Raveis R.E. & Home Services
(617) 529-5242
1 in this area
19 Total Sales
1536 Tremont St Unit 1542 Roxbury Crossing, MA 02120
Mission Hill NeighborhoodEstimated Value: $6,142,914
19
Beds
11
Baths
12,443
Sq Ft
$494/Sq Ft
Est. Value
Highlights
- Medical Services
- 0.12 Acre Lot
- Property is near public transit
- City View
- Deck
- 2-minute walk to Mission Hill Playground
About This Home
As of August 2022Opportunity Abounds! ~ 1536-1542 Tremont St. is seconds from Brigham Circle. The property is a free-standing brick building with 8 apartments and 2 retail storefronts plus a 16X28 garage.This exceptional offering is at the gateway to the medical district with proximity to all major hospitals, including Beth Israel Deaconess, Brigham&Women’s Children’s, Joslin Clinic and Longwood Medical Ctr. Additionally, Northeastern University, Wentworth Institute of Technology, Mass School of Pharmacy and more, are within a 1 mile radius, giving this property unlimited potential. The one retail unit occupied is a 5 yr Triple Net lease, while the other retail unit is currently vacant. Amazing turn key rental property with tremendous appreciation potential - perfect for 1031 tax exchange buyers or lucrative long term investment. Convenient to all forms of public transportation and a very short distance to many of the major draws of this vibrant professional community.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 01/18/2022
Last Buyer's Agent
Michael Rosenstein
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,237
Year Built
- Built in 1920
Lot Details
- 5,076 Sq Ft Lot
- Fenced
- Corner Lot
- Zero Lot Line
Parking
- 3 Car Garage
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 12,443 Sq Ft Home
- City Views
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 19 Bedrooms
Outdoor Features
- Deck
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $30,240
- Assessor Parcel Number 3399723
Community Details
Overview
- 10 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Operating Expense $51,600
- Net Operating Income $332,268
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 6, 2022
Sold by
Nav Reit Nb Llc
Bought by
Groma Ccp Wmi Dst T and Groma Advisor Llc Tr
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000,000
Outstanding Balance
$28,880,880
Interest Rate
5.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$22,895,100
Purchase Details
Listed on
Jan 18, 2022
Closed on
Sep 20, 2022
Sold by
Groma Nav Reit Bdc Llc
Bought by
Groma Nav Reit Nb Llc
Seller's Agent
Edmond McGonagle
William Raveis R.E. & Home Services
Buyer's Agent
Michael Rosenstein
List Price
$6,500,000
Sold Price
$5,700,000
Premium/Discount to List
-$800,000
-12.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%
Original Mortgage
$30,000,000
Outstanding Balance
$28,880,880
Interest Rate
5.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$22,895,100
Purchase Details
Closed on
Jan 13, 1999
Sold by
Tremont Street Rt
Bought by
Melbourne St Prtn Llp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.7%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Groma Ccp Wmi Dst T | -- | None Available | |
| Groma Ccp Wmi Dst T | -- | None Available | |
| Groma Nav Reit Nb Llc | -- | None Available | |
| Groma Nav Reit Nb Llc | -- | None Available | |
| Groma Nav Reit Nb Llc | -- | None Available | |
| Melbourne St Prtn Llp | $600,000 | -- | |
| Melbourne St Prtn Llp | $600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Groma Nav Reit Nb Llc | $30,000,000 | |
| Closed | Groma Nav Reit Nb Llc | $30,000,000 | |
| Previous Owner | Groma Nav Reit Bdc Llc | $1 | |
| Previous Owner | Groma Nav Reit Bdc Llc | $0 | |
| Previous Owner | Melbourne Street Partn | $0 | |
| Previous Owner | Tremont St Rt 1536-42 | $1,050,000 | |
| Previous Owner | Tremont St Rt 1536-42 | $510,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2022 08/04/22 | Sold | $5,700,000 | -8.8% | $458 / Sq Ft |
| 05/20/2022 05/20/22 | Pending | -- | -- | -- |
| 05/18/2022 05/18/22 | Price Changed | $6,250,000 | -3.8% | $502 / Sq Ft |
| 04/22/2022 04/22/22 | For Sale | $6,500,000 | 0.0% | $522 / Sq Ft |
| 04/12/2022 04/12/22 | Pending | -- | -- | -- |
| 03/30/2022 03/30/22 | Price Changed | $6,500,000 | -13.3% | $522 / Sq Ft |
| 01/18/2022 01/18/22 | For Sale | $7,500,000 | -- | $603 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | -- | $2,522,700 | $861,300 | $1,661,400 |
| 2024 | -- | $2,620,700 | $861,300 | $1,759,400 |
| 2023 | $0 | $2,708,300 | $861,300 | $1,847,000 |
| 2022 | $0 | $2,511,400 | $861,300 | $1,650,100 |
| 2021 | $0 | $2,552,700 | $817,400 | $1,735,300 |
| 2020 | $0 | $2,475,500 | $817,400 | $1,658,100 |
| 2019 | $0 | $2,442,000 | $823,400 | $1,618,600 |
| 2018 | $0 | $2,336,000 | $782,000 | $1,554,000 |
| 2017 | $0 | $2,198,000 | $722,100 | $1,475,900 |
| 2016 | -- | $1,923,500 | $668,800 | $1,254,700 |
| 2015 | -- | $1,739,500 | $579,500 | $1,160,000 |
| 2014 | -- | $1,614,500 | $490,700 | $1,123,800 |
Source: Public Records
Agents Affiliated with this Home
-
Edmond McGonagle
-
M
Buyer's Agent in 2022
Michael Rosenstein
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72934717
APN: ROXB-000000-000010-000571
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 743 Parker St Unit 3
- 134-140 Smith St
- 56 Calumet St Unit 2
- 24 Sachem St
- 155-157 Hillside St
- 249 Roxbury St Unit 1
- 18 Eldora St
- 820-824 Huntington Ave
- 78 Fort Ave Unit 78
- 92 Lawn St Unit 7-160
- 10 Linwood St
- 5 Lambert St Unit 5
- 251 Heath St Unit 501
- 251 Heath St Unit 220
- 127 Marcella St Unit 1
- 124-126 Minden St Unit 126-2
- 51 Beech Glen St Unit 3
- 390 Riverway Unit 24
- 390 Riverway Unit 15
- 70 Jamaicaway Unit 16
- 1536 Tremont St Unit F2
- 1536 Tremont St Unit 1538-3
- 1536 Tremont St Unit 1538-2R
- 1536 Tremont St Unit 3
- 1536 Tremont St Unit L
- 1536 Tremont St Unit R
- 1538 Tremont St
- 1538 Tremont St Unit R
- 1538 Tremont St
- 1538 Tremont St Unit 2F
- 1538 Tremont St Unit 3
- 1538 Tremont St Unit 2R
- 1540 Tremont St Unit 1
- 1540 Tremont St
- 1540 Tremont St
- 1540 Tremont St Unit 2F
- 1540 Tremont St Unit 2R
- 1540 Tremont St Unit 3F
- 1540 Tremont St Unit 3R
- 1542 Tremont St