Georgia Balafas
Corcoran Property Advisors
(781) 645-4693
55 Total Sales
2 in Beacon Hill
$2.6M - $2.7M Price Range
16 Irving St Boston, MA 02114
Beacon Hill Neighborhood
8
Beds
5
Baths
3,074
Sq Ft
770
Sq Ft Lot
Highlights
- Medical Services
- 3-minute walk to Bowdoin Station
- Wood Flooring
- Beethoven Elementary School Rated A-
- Property is near public transit and schools
- 2-minute walk to Myrtle Street Playground
About This Home
As of June 2023A rare opportunity for investors! Renovated 5 unit turn-key investment property w/incredible cash flow on historic Beacon Hill. This handsome building has an established and extremely strong rental history. Currently configured as (5) short-term rental ( or extended stay) units including (3) one bedroom + den, one bath units, and (2) one bedroom, one bath units. Parlor and lower level units can be easily combined as a 3BR/2BA duplex unit. gross revenue $225K range- The impeccably maintained brownstone features updated mechanical systems, renovated kitchens/ baths, and replacement windows. Ideal for investors who want to own an income-generating asset in highly sought after locale with historically low inventory. Perfect for a 1031 tax exchange or for anyone looking to secure a signature investment in this posh neighborhood. Excellent location by Mass General Hospital and close to the Charles River Esplanade, the Massachusetts State House,Financial dist. Public T.
Last Agent to Sell the Property
Coldwell Banker Realty - Boston Listed on: 04/12/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,320
Year Built
- Built in 1870
Lot Details
- 770
Home Design
- Brick Exterior Construction
- Marble or Granite Building Materials
Interior Spaces
- 3,074 Sq Ft Home
- Wood Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
Utilities
- Window Unit Cooling System
- Central Heating
- Gas Water Heater
Additional Features
- 770 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $14,800
- Assessor Parcel Number 3349588
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $2,761
- Operating Expense $12,636
- Net Operating Income $222,239
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2023
Closed on
May 31, 2023
Sold by
Bought by
Seller's Agent
Roberta Orlandino
Coldwell Banker Realty - Boston
Buyer's Agent
Nghi Le
Mohawk Real Estate, LLC
List Price
$2,995,000
Sold Price
$2,864,000
Premium/Discount to List
-$131,000
-4.37%
Views
163
Purchase Details
Closed on
Apr 19, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
6.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 22, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
6.19%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 8, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.31%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Beacon Hill, MA
-
Georgia Balafas
-
Wei Wang
Wei Wang
WW Real Estate LLC
(351) 666-8861
78 Total Sales
1 in Beacon Hill
$422,500 Price
-
Richard Hornblower
Richard Hornblower
Coldwell Banker Realty - Boston
(339) 666-1029
78 Total Sales
2 in Beacon Hill
$485K - $1.9M Price Range
-
Daniel Tully
Daniel Tully
Responds QuicklySymphony Properties
(781) 358-8697
77 Total Sales
2 in Beacon Hill
$495K - $1.1M Price Range
-
The Annette Given Team
The Annette Given Team
The Charles Realty
(339) 666-4063
59 Total Sales
1 in Beacon Hill
$7,700,000 Price
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
165 Total Sales
2 in Beacon Hill
$923K - $1.7M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,864,000 | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $820,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $700,000 | ||
| Previous Owner | $999,999 | ||
| Closed | $123,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2023 06/02/23 | Sold | $2,864,000 | -4.4% | $932 / Sq Ft |
| 05/31/2023 05/31/23 | Pending | -- | -- | -- |
| 04/12/2023 04/12/23 | For Sale | $2,995,000 | -- | $974 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,895 | $1,113,600 | $368,800 | $744,800 |
| 2024 | $12,291 | $1,127,600 | $368,800 | $758,800 |
| 2023 | $12,422 | $1,156,600 | $368,800 | $787,800 |
| 2022 | $12,210 | $1,122,200 | $368,800 | $753,400 |
| 2021 | $11,941 | $1,119,100 | $318,100 | $801,000 |
| 2020 | $11,620 | $1,100,400 | $318,100 | $782,300 |
| 2019 | $11,410 | $1,082,500 | $318,100 | $764,400 |
| 2018 | $10,889 | $1,039,000 | $305,500 | $733,500 |
| 2017 | $10,775 | $1,017,500 | $291,100 | $726,400 |
| 2016 | $10,390 | $944,500 | $269,900 | $674,600 |
| 2015 | $10,366 | $856,000 | $352,900 | $503,100 |
| 2014 | $10,158 | $807,500 | $306,300 | $501,200 |
Source: Public Records
Agents Affiliated with this Home
-
Roberta Orlandino
Seller's Agent in 2023
Roberta Orlandino
Coldwell Banker Realty - Boston
(617) 312-1511
2 in this area
38 Total Sales
-
Nghi Le
N
Buyer's Agent in 2023
Nghi Le
Mohawk Real Estate, LLC
1 in this area
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73097980
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.
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