NOT LISTED FOR SALE

164 Lakeview Ave Ludlow, MA 01056

Estimated Value: $342,123 - $356,000

4 Beds
2 Baths
1,420 Sq Ft
$247/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $290,000 $204 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,217/month

97 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Community Pool
  • East Street Elementary School Rated A-
  • Property is near public transit
  • Tennis Courts

About This Home

As of August 2022

This 2 Family home, located in a very convenient location close to Parks, Schools, Shopping, a Golf Course & more, has loads of potential as an investment property! The 1st floor unit features a spacious Eat-In Kitchen, 2 bedrooms - one w/ a Walk-In Closet & a very Large Closet in the other one. The Large Patio can accommodate a Grill & Patio Furniture w/ room to spare. The 2nd floor unit also features an Eat-In Kitchen, 2 Bedrooms & a Large Enclosed Porch. The walkout Basement, where the laundry room is located, has a ton of room to renovate that space into another apartment & it even has existing plumbing for a bathroom. The extremely large 2 car garage has a huge amount of storage space in the back & also a wide-open space above that could be made into an apartment as well. The driveway accommodates about 6 cars. Current Landlord charges very low below market rent so the current income potential could be much more! Showings begin at the Open House on Sat, 3/12/22, from 11-2.

Last Agent to Sell the Property

Amy Mateus

Grace Group Realty, LLC Listed on: 03/08/2022

Last Buyer's Agent

Anna Gomes

A & A Real Estate Sales, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,474

Year Built

  • Built in 1954

Lot Details

  • 10,000 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,420 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Varies Elementary School
  • Paul R Baird Middle School
  • Ludlow High School

Utilities

  • No Cooling
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $1,200
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2553632

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,474

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1954
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Internet Available - Broadband,Internet Available - DSL,Internet Available - Satellite,Internet Available - Unknown), Unit 2(Bathroom With Tub & Shower,Internet Available - Broadband,Internet Available - DSL,Internet Available - Satellite,Internet Available - Unknown), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Laundry Room, Washer Hookup
  • Basement: Full
  • Living Area: 1420
  • Stories Total: 3
  • Window Features: Insulated Windows, Screens
  • MAIN LO: M95313
  • MAIN SO: M95313

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Enclosed, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Electric Baseboard,Electric), Unit 2(Electric Baseboard,Electric)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 2553632
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10000
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3474.26

Multi Family

  • Net Operating Income: 14400
  • Number Of Units Total: 2
  • Total Actual Rent: 1200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Ludlow High
  • Elementary School: Varies
  • Middle Or Junior School: Paul R Baird

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Aug 17, 2022
Sold by
Goncalves Delfim L and Goncalves Isabel M
Bought by
Pedroso Joao
Seller's Agent
Amy Mateus
Grace Group Realty, LLC
Buyer's Agent
Anna Gomes
A & A Real Estate Sales, LLC
List Price
$325,000
Sold Price
$290,000
Premium/Discount to List
-$35,000
-10.77%
Current Estimated Value
$350,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,531
Avg. Annual Appreciation
5.88%
Original Mortgage
$265,567
Outstanding Balance
$253,185
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$97,346

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jul 13, 2022
Sold by
Dimichele Susie and Goncalves Diane
Bought by
Goncalves Delfim L and Goncalves Isabel M
Seller's Agent
Amy Mateus
Grace Group Realty, LLC
Buyer's Agent
Anna Gomes
A & A Real Estate Sales, LLC
List Price
$325,000
Sold Price
$290,000
Premium/Discount to List
-$35,000
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,567
Outstanding Balance
$253,185
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$97,346

Purchase Details

Closed on
Jul 31, 2018
Sold by
Goncalves Delfim L and Goncalves Isabel M
Bought by
Goncalves Delfim L and Goncalves Isabel M

Purchase Details

Closed on
Sep 21, 1988
Sold by
Goncalves Alvino A
Bought by
Goncalves Delfim L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
10.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pedroso Joao $290,000 None Available
Pedroso Joao $290,000 None Available
Goncalves Delfim L -- None Available
Goncalves Delfim L -- None Available
Goncalves Delfim L -- --
Goncalves Delfim L -- --
Goncalves Delfim L $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedroso Joao $265,567
Closed Pedroso Joao $265,567
Previous Owner Goncalves Delfim L $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2022 08/17/22 Sold $290,000 0.0% $204 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/06/2022 06/06/22 Off Market $290,000 -- --
04/25/2022 04/25/22 Price Changed $290,000 -7.9% $204 / Sq Ft
03/30/2022 03/30/22 Price Changed $315,000 -3.1% $222 / Sq Ft
03/08/2022 03/08/22 For Sale $325,000 -- $229 / 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 $4,534 $261,300 $74,000 $187,300
2024 $4,242 $234,500 $74,000 $160,500
2023 $3,492 $179,000 $64,900 $114,100
2022 $3,474 $173,800 $64,900 $108,900
2021 $3,541 $168,000 $64,900 $103,100
2020 $3,394 $164,600 $64,000 $100,600
2019 $3,432 $160,400 $63,300 $97,100
2018 $3,078 $161,900 $63,300 $98,600
2017 $2,967 $160,100 $61,500 $98,600
2016 $2,817 $155,400 $60,200 $95,200
2015 $2,644 $152,900 $59,600 $93,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72950108

MLS Property Information Network (MLS PIN)

APN: LUDL-150845-000000-B000087