NOT LISTED FOR SALE

17 Lockwood Ave Unit 21 Indian Orchard, MA 01151

Estimated Value: $320,000 - $408,000

4 Beds
4 Baths
1,872 Sq Ft
$195/Sq Ft Est. Value

Last Sold January 18, 2024

Last sale price $360,000 $192 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,374/month

17 Days on Market

Highlights

  • Fenced Yard
  • Level Lot
  • Heating Available
  • Tile Flooring

About This Home

As of January 2024

OPPORTUNITY IS KNOCKING! You will want to take advantage of this investment opportunity! This 1989 well-maintained Duplex in Indian Orchard has 2 bedrooms & 1.5 bathrooms in each unit. Both tenants are longtime tenants and TAW. Property is located on a dead end road and home is completely fenced in. Roof is about 10 years old, windows are only 3 years old and appliances are newer as well! Showings will be done as scheduled group tours so as not to excessively disturb tenants.

Last Agent to Sell the Property

Neilsen Team - Livian

Listed on: 11/02/2023

Co-Listed By

Nicole Tavares

Real Broker MA, LLC

Last Buyer's Agent

Olivares & Molina Team

Realty One Group Nest

Realty One Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 1989

Lot Details

  • 6,765 Sq Ft Lot
  • Street terminates at a dead end
  • Fenced Yard
  • Fenced
  • Level Lot

Home Design

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

Interior Spaces

  • 1,872 Sq Ft Home
  • Property has 2 Levels
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking

Outdoor Features

  • Bulkhead

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,000
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number S:07850 P:0006,2592271

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,112
  • Water Sewer Expense $3,450
  • Operating Expense $7,024
  • Net Operating Income $14,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,172

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1989
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile,Vinyl,Carpet
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Bulkhead, Concrete, Unfinished
  • Living Area: 1872
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN4866
  • LIST PRICE PER Sq Ft: 186.43
  • PRICE PER Sq Ft: 192.31
  • MAIN SO: AN6420

Exterior Features

  • Exterior Features: Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public, Dead End
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 3

Utilities

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

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3450

Lot Info

  • Parcel Number: S:07850 P:0006,2592271
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6765
  • Lot Size Units: Acres
  • PAGE: 341
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4172
  • Tax Book Number: 7220

Multi Family

  • Gross Income: 22000
  • Insurance Expense: 1112
  • Net Operating Income: 14976
  • Number Of Units Total: 2
  • Operating Expense: 7024
  • Total Actual Rent: 2000
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gonzalez Luz C $353,479
Closed Ganhao Jorge M $76,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2024 01/18/24 Sold $360,000 +3.2% $192 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $349,000 -- $186 / 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 $4,491 $286,400 $44,700 $241,700
2024 $4,132 $257,300 $41,900 $215,400
2023 $4,172 $244,700 $34,300 $210,400
2022 $3,901 $207,300 $32,100 $175,200
2021 $3,754 $198,600 $29,200 $169,400
2020 $3,806 $194,900 $29,200 $165,700
2019 $3,289 $167,100 $30,200 $136,900
2018 $3,041 $162,600 $30,200 $132,400
2017 $3,041 $154,700 $25,700 $129,000
2016 $2,664 $135,500 $25,700 $109,800
2015 $2,632 $133,800 $25,700 $108,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73176709

MLS Property Information Network (MLS PIN)

APN: SPRI-007850-000000-000006