NOT LISTED FOR SALE

Estimated Value: $870,000 - $988,000

7 Beds
2 Baths
3,027 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $850,000 $281 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,646/month

9 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • 1 Fireplace
  • Deck
  • Wood Flooring
  • Coin Laundry

About This Home

As of March 2022

Welcome To this well Maintained 13 room 7 bed-room two family home. This is great investment opportunity in Saugus, in the desired Columbus Ave Neighborhood. This home had the front roof, rubber Roof, both gas furnaces, high efficiency windows installed in 2011. Both Hot water heaters were replaced in 2018. Longer term Tenants with excellent rental History even during Covid-19. Comps would suggest the rental income is below market value. This rare opportunity boasts a nice sized fenced in back yard with a large deck that flows from unit one. Second floor unit offers a three season room or mud room. Tenants pay their own gas and electric that are separately metered. If you should decide to you keep for rental income or live in one unit while rental income helps pay your mortgage. This is a great opportunity. Conveniently located near major highways and public transportation. Minutes away from the T-Station.

Last Agent to Sell the Property

Peter Michals

Churchill Properties Listed on: 01/16/2022

Last Buyer's Agent

Lori Johnson

Trinity Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,706

Year Built

  • Built in 1910

Lot Details

  • 5,489

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 3,027 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Parking

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

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 3 Heating Zones
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,100
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2156209

Community Details

Amenities

  • Medical Services
  • Coin Laundry

Additional Features

  • 2 Units
  • Net Operating Income $4,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,706

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Laminate,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Walk-In Closet), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Wall Oven,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 7
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 3027
  • Stories Total: 3
  • MAIN LO: AC0342
  • LIST PRICE PER Sq Ft: 280.81
  • PRICE PER Sq Ft: 280.81
  • MAIN SO: C99977

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Heating: Unit 1(Steam,Gas), Unit 2(Hot Water Baseboard,Steam,Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

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

Lot Info

  • Parcel Number: 2156209
  • Zoning: NA
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • LOT SIZE: 0.13
  • PAGE: 279

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6705.56
  • Tax Book Number: 10975

Multi Family

  • Gross Income: 4100
  • Net Operating Income: 4100
  • Number Of Units Total: 2
  • Total Actual Rent: 4100
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 1989
Sold by
Chase Kenneth
Bought by
Amore Anthony
Current Estimated Value
$930,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
10.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Amore Anthony $176,000 --
Amore Anthony $176,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amore Anthony $155,000
Closed Amore Anthony $23,808
Closed Amore Anthony $143,000
Closed Amore Anthony $158,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $850,000 0.0% $281 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/16/2022 01/16/22 For Sale $850,000 -- $281 / 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 $8,535 $799,200 $316,400 $482,800
2024 $8,350 $784,000 $307,800 $476,200
2023 $7,428 $659,700 $269,300 $390,400
2022 $7,141 $594,600 $250,500 $344,100
2021 $6,706 $543,400 $207,800 $335,600
2020 $6,172 $517,800 $197,500 $320,300
2019 $5,821 $477,900 $188,100 $289,800
2018 $5,225 $451,200 $179,600 $271,600
2017 $4,825 $400,400 $171,000 $229,400
2016 $4,272 $350,200 $162,400 $187,800
2015 $4,009 $333,500 $154,700 $178,800
2014 $3,947 $340,000 $154,700 $185,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72934245

MLS Property Information Network (MLS PIN)

APN: SAUG-000008E-000013-000022