NOT LISTED FOR SALE

Estimated Value: $1,134,000 - $1,471,000

6 Beds
6 Baths
1,900 Sq Ft
$665/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $2,520,000 $1,326 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $7,606/month

About This Home

As of July 2024

This property consists of two 3-unit buildings that must be sold together. There are 6 one-bedroom units in total. Each one is in turnkey condition. They have hardwood floors throughout. The bedrooms are spacious with large closets. Both the kitchen and bathrooms have condominium grade finishes. The apartments have split unit air conditioners. All units are separately metered. The tenants pay their own utilities. Laundry and storage are in the basement. This highly sought after West Side location is within walking distance to South Boston's most popular restaurants and shops. The Broadway train station is a 5-minute walk from here. The apartments are super easy to rent. 4 of the units are lease through 8/31/2024 and 2 are leased through 5/31/2025. Rents are below market.

Last Agent to Sell the Property

Maria Renda

True North Boston Realty LLC Listed on: 06/24/2024

Last Buyer's Agent

Maria Renda

True North Boston Realty LLC Listed on: 06/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,200

Year Built

  • Built in 1900

Lot Details

  • 958

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 1,900 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Listing and Financial Details

  • Total Actual Rent $14,400
  • Assessor Parcel Number 01274000

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $7,000
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,200

Year Built

Built in 1900

Lot Details

958 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 1900
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8556
  • MAIN SO: AN8556

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 01274000
  • Zoning: r3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Sq Ft: 0.04
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 20200

Multi Family

  • Net Operating Income: 57600
  • Number Of Units Total: 6
  • Operating Expense: 7000
  • Total Actual Rent: 14400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jun 27, 2024
Sold by
Fabbo Rt and Fabbo
Bought by
Cottage Farm Holdings Llc
Seller's Agent
Maria Renda
True North Boston Realty LLC
Buyer's Agent
Maria Renda
True North Boston Realty LLC
List Price
$2,520,000
Sold Price
$2,520,000
Views
2
Current Estimated Value
$1,264,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,256,000
Avg. Annual Appreciation
-33.68%

Purchase Details

Closed on
Mar 5, 2019
Sold by
West Second Apartments
Bought by
Fabbo Rt and Fabbo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,530,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 31, 2018
Sold by
John J Flaherty Jr Ret and Peterson
Bought by
West Second Apartments
Seller's Agent
Marcella Sliney
Coldwell Banker Realty - Boston
Buyer's Agent
Dan Delia
Grove Property Group
List Price
$1,000,000
Sold Price
$975,000
Premium/Discount to List
-$25,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$1,000,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2016
Sold by
Flaherty John J
Bought by
John J Flaherty Jr Ret and Flaherty
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cottage Farm Holdings Llc $2,520,000 None Available
Fabbo Rt $2,450,000 --
West Second Apartments $1,950,000 --
West Second Apartments $1,950,000 --
John J Flaherty Jr Ret -- --
John J Flaherty Jr Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fabbo Rt $1,530,000
Previous Owner West Second Apartments $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $2,520,000 0.0% $1,326 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $2,520,000 +158.5% $1,326 / Sq Ft
10/31/2018 10/31/18 Sold $975,000 -2.5% $580 / Sq Ft View Prior Sale
09/20/2018 09/20/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,000,000 -- $595 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $12,355 $1,066,900 $259,000 $807,900
2024 $10,778 $988,800 $209,400 $779,400
2023 $9,836 $915,800 $193,900 $721,900
2022 $9,059 $832,600 $176,300 $656,300
2021 $8,460 $792,900 $167,900 $625,000
2020 $7,774 $736,200 $168,400 $567,800
2019 $7,024 $666,400 $129,200 $537,200
2018 $6,782 $647,100 $129,200 $517,900
2017 $6,527 $616,300 $129,200 $487,100
2016 $6,054 $550,400 $129,200 $421,200
2015 $5,646 $466,200 $127,000 $339,200
2014 $5,084 $404,100 $127,000 $277,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73256575

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-001273

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