NOT LISTED FOR SALE
6 Beds
4 Baths
1,944 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: July 12, 2024

Last sale price $725,000 $373 Per Sq Ft

219 Days on Market

Highlights

  • Level Lot
  • Adeline C. Marston Elementary School Rated A-
  • Heating Available

About This Home

As of July 2024

Welcome to the beach! Tremendous opportunity to purchase this 4 unit income property just a 2 minute walk to the beach and all of the popular area attractions. The building consists of two 3 bedroom apartments and two studio apartments. Studios have been used as year round and currently have leases in place. 3 bedroom units have been used as weekly, seasonal Airbnb rentals with strong income and track record. Great opportunity to lease out furnished 3 bedrooms in the off season as well for additional income. The building is in great shape and has had many improvements within the past 5 years including roof, updated kitchens and baths, flooring and paint. Separate utilities, town water and sewer, and coin op laundry. Building is in a flood zone. Current flood insurance premium is just $1,367 per year. Both three bedroom units come fully furnished. Come have a look, you won't be disappointed! First Showings at Open House on Sunday 10/22 from 11-1pm.

Last Agent to Sell the Property

Andrew Chapman

Four Points Real Estate Listed on: 10/18/2023

Last Buyer's Agent

Jonathan Keevers

Lamacchia Realty, Inc. License #073559

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,099

Year Built

  • Built in 1950

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Batts Insulation
  • Architectural Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 1,944 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Car Parking Space
  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Heating Available
  • Separate Meters
  • 200+ Amp Service
  • Gas Available
  • Internet Available

Listing and Financial Details

  • Tax Block 1

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $15,513
  • Gross Income $72,140
  • Net Operating Income $56,626

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,099

Year Built

Built in 1950

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Directions: Ashworth Ave, turn right onto Perkins.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 372.94
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 1944
  • Sq Ft - Apx Total Finished: 1944
  • Year Built: 1950
  • List Agent: 286032
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: Internet - Cable
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Gas
  • Total Rooms Above Ground: 13
  • Sq Ft - Apx Finished AG: 1944

Exterior Features

  • Driveway: Paved
  • Foundation: Block w/ Skim Coating
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane, Shingle - Architectural
  • Construction Type: Insulation-FiberglssBatt, Wood Frame, Vinyl Siding

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 1

Utilities

  • Electric: 200 Amp
  • Sewer: Public
  • Heating Fuel: Electric
  • Heating: Electric
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Utilities: Gas - On-Site
  • Water Source: Public

Lot Info

  • Map: 293
  • Lot Sq Ft: 2178
  • Lot Acres: 0.05
  • Surveyed: Unknown
  • Zoning: RB
  • Deed Book: 6188
  • Deed Page: 1651
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 72140
  • Net Income: 56626
  • Total Full Baths: 4
  • Total Units: 4
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 5099
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Jul 12, 2024
Sold by
Bought by
Seller's Agent
Andrew Chapman
Four Points Real Estate
Buyer's Agent
Jonathan Keevers
Lamacchia Realty, Inc.
List Price
$779,900
Sold Price
$725,000
Premium/Discount to List
-$54,900
-7.04%
Views
448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
0.0703%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 29, 2020
Sold by
Bought by
Seller's Agent
Alex Loiseau
Harris Real Estate
Buyer's Agent
Alex Loiseau
Harris Real Estate
List Price
$485,000
Sold Price
$469,000
Premium/Discount to List
-$16,000
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.49%
Original Mortgage
$460,505
Interest Rate
0.028%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 31, 2020
Closed on
Mar 20, 2020
Sold by
Bought by
Seller's Agent
No MLS Listing Agent
No MLS Listing Office
Buyer's Agent
Alex Loiseau
Harris Real Estate
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
108.81%
Original Mortgage
$216,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 31, 2020
Closed on
Jan 29, 2020
Sold by
Bought by
Seller's Agent
No MLS Listing Agent
No MLS Listing Office
Buyer's Agent
Alex Loiseau
Harris Real Estate
List Price
$270,000
Sold Price
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
0.037%
Mortgage Type
Commercial

Purchase Details

Listed on
May 22, 2013
Closed on
Aug 9, 2013
Sold by
Bought by
Seller's Agent
James Therrien
NextHome Freedom
Buyer's Agent
Kara Hartnett
Harris Real Estate
List Price
$250,000
Sold Price
$215,000
Premium/Discount to List
-$35,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$175,000
Interest Rate
0.0445%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$725,000 None Available
$469,000 None Available
-- None Available
$270,000 None Available
$225,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $544,000
Previous Owner $460,505
Previous Owner $216,000
Closed $175,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2024 07/12/24 Sold $725,000 -7.0% $373 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $779,900 0.0% $401 / Sq Ft
04/24/2024 04/24/24 For Sale $779,900 -2.5% $401 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
03/14/2024 03/14/24 Price Changed $799,900 -3.6% $411 / Sq Ft
11/28/2023 11/28/23 Price Changed $829,999 -4.5% $427 / Sq Ft
10/18/2023 10/18/23 For Sale $869,000 +85.3% $447 / Sq Ft
10/31/2020 10/31/20 Sold $469,000 -3.3% $246 / Sq Ft View Prior Sale
08/28/2020 08/28/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $485,000 +79.6% $254 / Sq Ft
01/31/2020 01/31/20 Sold $270,000 0.0% $142 / Sq Ft View Prior Sale
01/31/2020 01/31/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $270,000 +25.6% $142 / Sq Ft
08/16/2013 08/16/13 Sold $215,000 -14.0% $107 / Sq Ft View Prior Sale
07/31/2013 07/31/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $250,000 -- $124 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,240 $668,800 $390,800 $278,000
2024 $8,240 $668,800 $390,800 $278,000
2023 $5,392 $321,900 $173,700 $148,200
2022 $5,099 $321,900 $173,700 $148,200
2021 $5,099 $321,900 $173,700 $148,200
2020 $5,128 $321,900 $173,700 $148,200
2019 $5,154 $321,900 $173,700 $148,200
2018 $4,961 $291,500 $157,900 $133,600
2017 $4,772 $291,500 $157,900 $133,600
2016 $4,687 $291,500 $157,900 $133,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4974679

PrimeMLS
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