NOT LISTED FOR SALE

16 Negus St Webster, MA 01570

Estimated Value: $522,278

8 Beds
4 Baths
3,820 Sq Ft
$137/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $423,000 $111 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,195/month

16 Days on Market

About This Home

As of October 2021

Great investment property. 3 residential tenants and 1 commercial tenant. The commercial tenant has been there for over 3 years and does high end manicures/pedicures and masseuse. Landlord does pay for oil heat, but the high efficiency boiler/tankless hot water unit was installed in 2016. Electric was also updated in 2016 from the utility pole, new meters and new boxes all separated. The roof is also less than 10 years old. Great propoerty that brings in great monthly rents.

Last Agent to Sell the Property

Daniel Fales

1-stop Property Shop Inc. Listed on: 07/01/2021

Last Buyer's Agent

Felix Mensah

RE/MAX Partners

RE/MAX Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,113

Year Built

  • 1900

Lot Details

  • 7,405

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,113

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: GPS
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Has Basement: Concrete
  • Total Bathrooms: 4
  • MAIN LO: K01557
  • LIST PRICE PER Sq Ft: 104.69
  • PRICE PER Sq Ft: 110.73
  • MAIN SO: NB5315
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Stories: 6

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Disclosures: Call Or Text To Schedule A Showing On Saturday Mornings Only.
  • Lot Features: Level
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 2044

Lot Info

  • LOT SIZE: 7362
  • PAGE: 2
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7405.2
  • Zoning: GB-4W

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1
  • Electric Expense: 1293
  • Annual Gross Income: 54000
  • Insurance Expense: 3144
  • Property Net Operating Income: 43439
  • Number Of Units Total: 4
  • Annual Operating Expense: 10561
  • Total Actual Rent: 4500

Tax Info

  • Tax Annual Amount: 3226.87
  • Tax Book Number: 0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Oct 1, 2021
Sold by
Asm Ventures Llc
Bought by
Ofosu Belinda
Seller's Agent
Daniel Fales
1-stop Property Shop Inc.
Buyer's Agent
Felix Mensah
RE/MAX Partners
List Price
$399,900
Sold Price
$423,000
Premium/Discount to List
$23,100
5.78%
Current Estimated Value
$522,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,278
Avg. Annual Appreciation
5.28%
Original Mortgage
$415,338
Outstanding Balance
$379,570
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$140,017

Purchase Details

Closed on
Jan 15, 2016
Sold by
Piniarski Joseph W and Piniarski Patricia B
Bought by
Asm Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 1993
Sold by
Wesma Rt and Szlyk Zenon P
Bought by
Piniarski Joseph and Piniarski Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ofosu Belinda $423,000 None Available
Asm Ventures Llc $220,000 --
Piniarski Joseph $145,000 --
Piniarski Joseph $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofosu Belinda $415,338
Previous Owner Asm Ventures Llc $210,000
Previous Owner Piniarski Joseph $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $423,000 +5.8% $111 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $399,900 -- $105 / 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 $5,113 $430,400 $48,600 $381,800
2024 $5,044 $414,100 $46,700 $367,400
2023 $4,949 $395,900 $44,500 $351,400
2022 $3,990 $285,800 $41,600 $244,200
2021 $3,227 $213,700 $37,800 $175,900
2020 $3,193 $212,000 $37,800 $174,200
2019 $3,206 $209,100 $36,700 $172,400
2018 $0 $206,400 $36,700 $169,700
2017 $0 $184,400 $36,000 $148,400
2016 -- $187,300 $36,000 $151,300
2015 -- $186,500 $35,200 $151,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72858845

MLS Property Information Network (MLS PIN)

APN: WEBS-000001-O000000-000002