NOT LISTED FOR SALE
8 Beds
5 Baths
5,372 Sq Ft
0.62 Acre Lot

Sale Details

Date Sold: July 8, 2020

Last sale price $1,075,000 $200 Per Sq Ft

2 Days on Market

About This Home

As of July 2020

Five unit Multi-Family with all separate utilities, well maintained by the same Owner for over 20 years with an excellent rental history. Gas heat and gas hot water for all 5 units, three 2 bedroom units and two 1 bedroom units. Spacious apartments with eat-in kitchens and plenty of living space. Lots of natural woodwork with hardwood floors throughout most of the home. Plenty of parking for twelve+ cars. Fully rented with a strong cash flow of over $7600 monthly (with room for growth) / $91200 annually. Coin-op laundry in the basement that generates an additional $1200+ annually. Convenient location with Route 3 and 93 only minutes away and the "T Station", shopping, restaurants, and all of the area amenities very close by adds to the desirability of this rental property. Potential expansion possibilities. Showings by appointment with proof of funds / pre-approval.

Last Agent to Sell the Property

Bob Germaine

Germaine Realty LLC Listed on: 04/16/2020

Last Buyer's Agent

Fern Langella

The Firm

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.62

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:24 B:322 L:001

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0.62 Acres

Listing Details

  • Property Type: Multi-family
  • Insc: 3235
  • Year Built Description: Actual
  • List Price Per Sq Ft: 195.46
  • Comp Based On: Net Sale Price
  • Year Built: 1880
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5
  • Year Built: 1880

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Total Flrs: 8
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 5
  • Total Fbh: 5
  • No Rooms: 20
  • Rms Common: Laundry
  • Basement: Y
  • Basement Features: Full
  • Main Lo: A95624
  • Main So: BB2685
  • Estimated Sq Ft: 5372.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles, Rubber
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 14

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 290
  • Sewer: 2700
  • Electric Features: Circuit Breakers
  • Heat Zones: 5
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
  • App Common: Washer / Dryer Combo

Lot Info

  • Assessments: 883700.00
  • Acre: 0.62
  • Lot Size: 27200.00
  • Page: 242
  • Parcel Number: M:24 B:322 L:001
  • Zoning: A4
  • Lot Description: Paved Drive

Multi Family

  • APOD Available: Yes
  • Heat Units: 5
  • Total Levels: 5
  • Total Rent: 7600
  • Total Rms: 13
  • No Units: 5
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 10534.00
  • Assessor Parcel Number: 276681

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
Apr 16, 2020
Closed on
Jul 8, 2020
Sold by
Bought by
Seller's Agent
Bob Germaine
Germaine Realty LLC
Buyer's Agent
Fern Langella
The Firm
List Price
$1,050,000
Sold Price
$1,075,000
Premium/Discount to List
$25,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Outstanding Balance
$759,357
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 16, 2020
Closed on
Jun 22, 2020
Sold by
Bought by
Seller's Agent
Bob Germaine
Germaine Realty LLC
Buyer's Agent
Fern Langella
The Firm
List Price
$1,050,000
Sold Price
$1,075,000
Premium/Discount to List
$25,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Outstanding Balance
$759,357
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 1989
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,075,000 None Available
-- None Available
-- --
-- --
$395,000 --
$276,500 --
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 $860,000
Previous Owner $484,000
Previous Owner $450,000
Previous Owner $460,000
Previous Owner $375,000
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
07/08/2020 07/08/20 Sold $1,075,000 +2.4% $200 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $1,050,000 -- $195 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $13,304 $1,317,200 $273,000 $1,044,200
2024 $12,890 $1,255,100 $260,000 $995,100
2023 $12,697 $1,215,000 $250,000 $965,000
2022 $11,882 $1,036,800 $230,000 $806,800
2021 $11,378 $969,200 $220,000 $749,200
2020 $10,534 $883,700 $210,000 $673,700
2019 $9,274 $765,200 $195,000 $570,200
2018 $8,924 $713,900 $185,000 $528,900
2017 $8,730 $681,500 $180,000 $501,500
2016 $7,813 $610,400 $170,000 $440,400
2015 $7,368 $571,200 $170,000 $401,200
2014 $7,621 $573,000 $160,000 $413,000
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72644531

MLS Property Information Network (MLS PIN)
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