T
Seller's Agent in 2016
Team Harborside
Sagan Harborside Sotheby's International Realty
(617) 816-1909
67 in this area
125 Total Sales
160 Washington St Marblehead, MA 01945
Estimated Value: $753,039
3
Beds
2
Baths
1,918
Sq Ft
$393/Sq Ft
Est. Value
About This Home
As of September 2016This is a rare and unique opportunity to own a classic "Old Town" building with retail space and a 2+BR residential unit on the second and third floor. This building is well maintained, recently renovated, and fully rented. The building currently produces a Net Annual Income of $29,800 and a Cap rate of 6% with opportunities to enhance rental income this fall. Excellent investment opportunity. Financials available upon request.
Last Agent to Sell the Property
Sagan Harborside Sotheby's International Realty Listed on: 06/23/2016
Property Details
Home Type
Multi-Family
Year Built
1710
Lot Details
0
Listing Details
- Lot Description: Other (See Remarks)
- Property Type: Multi-family
- Other Agent: 1.00
- Lead Paint: Unknown
- Insc: 1950
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 3
- Year Built: 1710
Interior Features
- Has Basement: Yes
- Number of Rooms: 5
- Electric: Circuit Breakers
- Basement: Partial
- Total Levels: 3
Exterior Features
- Foundation: Fieldstone
- Beach: Harbor
- Beach Ownership: Public
Garage/Parking
- Parking: Rented
- Parking Spaces: 1
Utilities
- Heat Zones: 2
- Hot Water: Oil
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 2
Lot Info
- Assessor Parcel Number: M:0133 B:0006 L:0
- Zoning: CR
Multi Family
- APOD Available: Yes
- Expenses Year End: 12/15
- Foundation: 000
- Heat Units: 1
- Total Bedrooms: 3
- Total Floors: 3
- Total Full Baths: 1
- Total Half Baths: 1
- Total Levels: 3
- Total Rms: 5
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 23, 2016
Closed on
Sep 19, 2016
Sold by
Mizzi Group Llc
Bought by
Leach Roger and Leach Janine A
Seller's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Tim Dittrich
The Agency Marblehead
List Price
$474,900
Sold Price
$450,000
Premium/Discount to List
-$24,900
-5.24%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,039
Avg. Annual Appreciation
5.96%
Purchase Details
Closed on
Sep 26, 2005
Sold by
Bank Square Int and Karwowski
Bought by
Mizzi Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,400
Interest Rate
5.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 1998
Sold by
160 Washington St Int and Gilman
Bought by
Bank Square Int and Karwowski
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 |
|---|---|---|---|
| Leach Roger | $450,000 | -- | |
| Mizzi Group Llc | $570,500 | -- | |
| Mizzi Group Llc | $570,500 | -- | |
| Bank Square Int | $300,000 | -- | |
| Bank Square Int | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bank Square Int | $344,000 | |
| Previous Owner | Bank Square Int | $456,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/19/2016 09/19/16 | Sold | $450,000 | -5.2% | $235 / Sq Ft |
| 08/11/2016 08/11/16 | Pending | -- | -- | -- |
| 06/23/2016 06/23/16 | For Sale | $474,900 | -- | $248 / 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 | $5,037 | $556,600 | $348,600 | $208,000 |
| 2024 | $4,874 | $544,000 | $336,000 | $208,000 |
| 2023 | $4,719 | $471,900 | $289,800 | $182,100 |
| 2022 | $4,788 | $455,100 | $273,000 | $182,100 |
| 2021 | $4,523 | $434,100 | $252,000 | $182,100 |
| 2020 | $4,641 | $446,700 | $264,600 | $182,100 |
| 2019 | $4,553 | $423,900 | $252,000 | $171,900 |
| 2018 | $5,026 | $456,100 | $235,200 | $220,900 |
| 2017 | $5,956 | $541,000 | $226,800 | $314,200 |
| 2016 | $6,005 | $541,000 | $226,800 | $314,200 |
| 2015 | $5,824 | $525,600 | $226,800 | $298,800 |
| 2014 | $5,658 | $510,200 | $226,800 | $283,400 |
Source: Public Records
Agents Affiliated with this Home
-
Team Harborside
-
Tim Dittrich
T
Buyer's Agent in 2016
Tim Dittrich
The Agency Marblehead
(781) 248-3836
4 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72028148
APN: MARB-000133-000006
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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