$450,000
SOLD FEB 14, 2025

173 Parker St Gardner, MA 01440

9 Beds
3 Baths
2,910 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

6% Above List Price

5 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit and schools
  • Jogging Path
  • Medical Services
  • Community Pool
  • Enclosed Patio or Porch

About This Home

As of February 2025

THE GROUP TOUR FOR 1/14 HAS BEEN CANCELLED. This investment property is a, 3-unit building near downtown Gardner. It is comprised of three- three-bedroom apartments. This building has seen capital improvements and cost-saving measures over the years, including vinyl siding, upgraded windows to a vinyl replacement, all new plumbing, and electric upgrades. All units are occupied. Unit one and two are TAW. This property is a perfect investment for someone looking for a stable building that can produce a solid return with its low operating expenses, as all tenants pay for their heat and electricity. With the proper rental income and additional building improvements, this property will surely turn a profit for any investor.

Last Agent to Sell the Property

Michelle Peterson

Elm Grove Realty, LLC Listed on: 01/09/2025

Last Buyer's Agent

Vincent Kaba

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,320

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Rubber Roof

Interior Spaces

  • 2,910 Sq Ft Home
  • Living Room
  • Dining Room
  • Dirt Floor
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Stone Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 100 Amp Service

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $3,350
  • Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks))
  • Legal Lot and Block 56 / 4
  • Assessor Parcel Number 3535652

Community Details

Overview

  • 3 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $205
  • Insurance Expense $2,263
  • Water Sewer Expense $2,460
  • Operating Expense $4,928
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,320

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Levels: 6
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl, Carpet
  • Interior Amenities: Living Room, Kitchen, Dining Room
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Dirt Floor
  • Living Area: 2910
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2024
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Roof: Tar/Gravel, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Tandem, On Street, Stone/Gravel
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Heating: Forced Air, Electric
  • Electric: 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks)), Unit 3(Water,Other (See Remarks))
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2460

Lot Info

  • Parcel Number: 3535652
  • Zoning: C1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.04
  • Lot Size Sq Ft: 1742
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 4320
  • Tax Block: 4
  • Tax Lot: 56

Multi Family

  • Electric Expense: 205
  • Insurance Expense: 2263
  • Net Operating Income: 40800
  • Number Of Units Total: 3
  • Operating Expense: 4928
  • Total Actual Rent: 3350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2013
Closed on
May 1, 2014
Sold by
173 Parker Street Rt
Bought by
Fifth Massachusetts T
Seller's Agent
Malvina Dino Newell
Dino's Realty Team
Buyer's Agent
Sherri Rogers
Coldwell Banker Realty - Leominster
List Price
$124,900
Sold Price
$95,350
Premium/Discount to List
-$29,550
-23.66%
Current Estimated Value
$469,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,127
Avg. Annual Appreciation
14.57%
Original Mortgage
$72,000
Outstanding Balance
$54,187
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$415,290

Purchase Details

Closed on
Feb 12, 2010
Sold by
Federal National Mortgage Association
Bought by
173 Parker Street Rt and Highgate Prop Land T L

Purchase Details

Closed on
Jan 28, 2010
Sold by
Carlberg Jason P
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 15, 2002
Sold by
Aubuchon Matthew D and Aubuchon Lindsey S
Bought by
Carlberg Jason P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,050
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 1997
Sold by
Duteau Florence and Forest Judith
Bought by
Aubuchon Matthew D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,569
Interest Rate
7.41%
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 Type Sale Price Title Company
Deed $90,000 --
Deed $33,000 --
Foreclosure Deed $208,559 --
Deed $119,000 --
Deed $29,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $72,000 New Conventional
Previous Owner $118,050 Purchase Money Mortgage
Previous Owner $78,300 No Value Available
Previous Owner $23,569 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2025 02/14/25 Sold $450,000 +5.9% $155 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
01/09/2025 01/09/25 For Sale $425,000 +345.7% $146 / Sq Ft
05/01/2014 05/01/14 Sold $95,350 -23.7% $33 / Sq Ft View Prior Sale
04/01/2014 04/01/14 Pending -- -- --
12/27/2013 12/27/13 For Sale $124,900 -- $43 / 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 $5,363 $373,500 $59,900 $313,600
2024 $4,320 $288,200 $54,500 $233,700
2023 $4,205 $260,700 $53,700 $207,000
2022 $3,686 $198,300 $40,700 $157,600
2021 $3,068 $153,100 $35,400 $117,700
2020 $2,736 $138,600 $35,400 $103,200
2019 $2,628 $130,500 $35,400 $95,100
2018 $2,449 $120,800 $35,400 $85,400
2017 $1,913 $93,400 $35,400 $58,000
2016 $1,912 $93,400 $35,400 $58,000
2015 $2,947 $147,500 $35,400 $112,100
2014 $2,795 $148,100 $39,300 $108,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73324617

MLS Property Information Network (MLS PIN)

APN: GARD-000022M-000004-000056