NOT LISTED FOR SALE

165 Lancaster St Leominster, MA 01453

Estimated Value: $651,324 - $699,000

8 Beds
3 Baths
3,149 Sq Ft
$214/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $499,999 $159 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,229/month

7 Days on Market

About This Home

As of December 2021

OPEN HOUSE Sunday 9/19 from 10am to 12pm! This is your opportunity to own an investment property in vibrant downtown Leominster. The 2nd floor unit will be delivered vacant which is great for an owner occupant. Unit 1 features 2 bedrooms and 1 bathroom with a kitchen and living room. Units 2 & 3 features 3 bedrooms with 1 bathroom along with a kitchen and living room. Updates to the units were done in 2018 and 2019. Newer plumbing, electrical, white shaker cabinets with granite counters, modern tiled bathrooms, with too many upgrades to list. Do not miss this opportunity to owner occupy or purchase a turnkey investment property in a desirable location.

Last Agent to Sell the Property

Brian Ortins

Four Points Real Estate, LLC Listed on: 09/13/2021

Last Buyer's Agent

Ivonete Souza

Dell Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,704

Year Built

  • 1900

Lot Details

  • 3,920

Parking

  • 1

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,704

Year Built

1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Main St. to Lancaster St.
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Electric Water Heater, Utility Connections for Electric Range
  • Total Bathrooms: 3
  • MAIN LO: AC0342
  • LIST PRICE PER Sq Ft: 158.75
  • PRICE PER Sq Ft: 158.78
  • MAIN SO: AN1378
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Wood,Tile
  • Stories: 6

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Construction Type: Frame
  • Disclosures: Unit #2 To Be Delivered Vacant. Seller Is A Licensed Re Agent. Property Was De-Leaded 03/2019 Per Ma Lead Safe Homes Website. Tenant's Belongings In The Basement To Remain.
  • Home Warranty: No
  • Lot Features: Zero Lot Line, Gentle Sloping
  • Waterfront: No

Garage/Parking

  • Parking Features: Shared Driveway, Driveway, Paved
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Public School, Sidewalks
  • Senior Community: No

Lot Info

  • LOT SIZE: 3883
  • PAGE: 169
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: I

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 31800
  • Property Net Operating Income: 31800
  • Number Of Units Total: 3
  • Total Actual Rent: 2650

Tax Info

  • Tax Annual Amount: 5426
  • Tax Book Number: 8989
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Dec 29, 2021
Sold by
Ao Investments Llc
Bought by
Duleba Aldo
Seller's Agent
Brian Ortins
Four Points Real Estate, LLC
Buyer's Agent
Ivonete Souza
Dell Realty Inc.
List Price
$499,900
Sold Price
$499,999
Premium/Discount to List
$99
0.02%
Current Estimated Value
$673,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,832
Avg. Annual Appreciation
8.24%
Original Mortgage
$479,299
Outstanding Balance
$441,734
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$232,097

Purchase Details

Closed on
Dec 26, 2017
Sold by
Delauretis Paul A and Delauretis Betty J
Bought by
Ao Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,300
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 1987
Sold by
Mazzaferro Joseph D
Bought by
Tocci Robert G
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
Duleba Aldo $499,000 None Available
Ao Investments Llc $110,000 --
Tocci Robert G $90,752 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duleba Aldo $479,299
Closed Duleba Aldo $479,299
Previous Owner Ao Investments Llc $127,300
Closed Tocci Robert G $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $499,999 0.0% $159 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $499,900 -- $159 / 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 $7,704 $549,100 $108,600 $440,500
2024 $6,979 $481,000 $103,400 $377,600
2023 $6,629 $426,600 $89,900 $336,700
2022 $5,490 $331,500 $78,200 $253,300
2021 $5,426 $299,300 $60,800 $238,500
2020 $4,714 $262,200 $60,800 $201,400
2019 $4,807 $259,300 $57,900 $201,400
2018 $4,517 $233,700 $56,200 $177,500
2017 $3,871 $196,200 $52,600 $143,600
2016 $3,591 $183,400 $52,600 $130,800
2015 $3,565 $183,400 $52,600 $130,800
2014 $3,251 $172,100 $56,700 $115,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72894194

MLS Property Information Network (MLS PIN)

APN: LEOM-000164-000008