NOT LISTED FOR SALE

19 Franklin St Lee, MA 01238

30 Beds
15 Baths
13,540 Sq Ft
10,019 Sq Ft Lot

Last Sold October 31, 2013

Last sale price $685,000 $51 Per Sq Ft

108 Days on Market

Highlights

  • Hot Water Heating System
  • Wood Siding
  • Carpet
  • Coin Laundry

About This Home

As of October 2013

Fifteen unit multi family with the current list price representing an estimated 7.8% cap rate. The estimated income and expenses is generating an estimated 10.6% cash on cash return. That includes a 5% vacancy factor, a management expense at $10,200 and a mortgage based on $636,000 at 5% amortized over 25 years. Tenants pay their own electric.

Last Agent to Sell the Property

Michael Sorrentino

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD License #9084206 Listed on: 05/24/2013

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD

Last Buyer's Agent

Anthony Caropreso

MACCARO REAL ESTATE License #135935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,185

Year Built

  • 1985

Lot Details

  • 10,019

Home Design

  • 13,540 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Fiberglass Roof
  • Asphalt Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 15 Full Bathrooms

Parking

  • 20 Parking Spaces
  • No Garage

Schools

  • Lee Elementary And Middle School
  • Lee High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • Coin Laundry
  • 16 Separate Electric Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,185

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Type: Multi-Family
  • Style: Other
  • Construction: Wood Frame
  • Directions: Main St. to Franklin St. Behind dentist office.
  • Property Use Stat: Investment
  • Unit Style: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Total Bedrooms: 30
  • Total Bathrooms: 15.00
  • Total Full Baths: 15
  • Basement: Slab
  • Insulation: Fiberglass
  • Interior Amenities: Cable Avail
  • Floor: Carpet | Linoleum
  • Laundry: Coin Op
  • Sq Ft Liv Apx: 13540.00

Exterior Features

  • Exterior Amenities: Bus-School | Trash Private
  • Roof: Asphalt | Fiberglass
  • Exterior Siding: Clapboard | Wood

Garage/Parking

  • Parking Spaces: 20.00
  • Garage: None

Utilities

  • Electric Type: 100 Amp | Circuit Breaker
  • Fuel: Oil
  • Hot Water: Oil
  • Internet Service: Cable Available | DSL Available
  • Sewer: Public
  • Underground Oil Tank: No
  • Water: Public
  • Flood Hazard Area: No
  • Electric Meters Number: 16
  • Heat Cool Vent: Hot Water
  • Heat Cool Vent Air Exchange System: No

Lot Info

  • Estimated Acres: 0.23
  • Total Assessed Value: 793800.00
  • Assessed Year: 2013.00
  • Map Ref: M:012 B:0A L:0000-0190.0
  • Right To Farm Comm: Yes
  • Zoning: Multi
  • Land Use Water Shed: No
  • Lot Dimensions: 10,019

Rental Info

  • Included In Rent: Heat | Trash Removal | Parking | Hot Water

Tax Info

  • Taxes: 11185.00
  • Tax Year: 2013

Multi Family

  • No Of Units: 9 or More

MLS Schools

  • Elementary School: Lee
  • High School: Lee
  • Middle School: Lee

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2013 10/31/13 Sold $685,000 -13.8% $51 / Sq Ft
09/09/2013 09/09/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $795,000 -- $59 / Sq Ft
Source: Berkshire County Board of REALTORS®

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 $13,446 $1,195,200 $164,300 $1,030,900
2024 $12,330 $1,097,000 $154,900 $942,100
2023 $12,303 $1,040,000 $133,500 $906,500
2022 $12,076 $884,700 $119,200 $765,500
2021 $12,129 $826,200 $114,600 $711,600
2020 $12,179 $829,600 $112,200 $717,400
2019 $2,027 $829,600 $112,200 $717,400
2018 $12,100 $827,100 $109,700 $717,400
2017 $9,874 $670,800 $106,000 $564,800
2016 $9,767 $670,800 $106,000 $564,800
2015 $9,445 $670,800 $106,000 $564,800
2014 $11,232 $793,800 $62,200 $731,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Sorrentino

    Seller's Agent in 2013

    Michael Sorrentino

    BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS-WESTFIELD

    (413) 637-8006

    17 in this area

    95 Total Sales

    Michael Sorrentino
    Section Image
  • Anthony Caropreso

    Buyer's Agent in 2013

    Anthony Caropreso

    MACCARO REAL ESTATE

    (413) 374-4300

    20 in this area

    37 Total Sales

    Anthony Caropreso
    Section Image
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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 202439

Berkshire County Board of REALTORS®

APN: LEEE M:012 B:0A L:0000-0190.0

Massachusetts Berkshire County Lee 01238

19 Franklin St, Lee, MA

Not Listed for Sale

MultiFamily

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