NOT LISTED FOR SALE

2 Lochmere Ave North Weymouth, MA 02191

Estimated Value: $614,000 - $664,000

3 Beds
2 Baths
1,592 Sq Ft
$403/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $530,000 $333 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,083/month

4 Days on Market

About This Home

As of April 2022

Highest and best offers due by Noon on Tuesday!SHOWINGS START ASAP FOR THE FIRST FLOOR!!!!Great location!! Near 3A with shopping and restaurants. Near the bus line. First floor is vacant so its perfect for the owner occupied buyer who is priced out of the single family market!!!! House needs a little TLC. Could be a great inlaw setup as well!

Last Listed By

Chris Bruce

Listed on: 03/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,392

Year Built

  • Built in 1923

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1,592 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • 220 Volts
  • 110 Volts
  • Electric Water Heater

Community Details

  • 2 Units
  • Net Operating Income $37,200

Listing and Financial Details

  • Total Actual Rent $3,100
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water)
  • Assessor Parcel Number 270140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,392

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1923
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Electric Water Heater
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 1592
  • Stories Total: 3
  • MAIN LO: BB2685
  • LIST PRICE PER Sq Ft: 301.44
  • PRICE PER Sq Ft: 332.91
  • MAIN SO: AN4053

Exterior Features

  • Foundation Details: Other
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Electric: 110 Volts, 220 Volts
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water)

Lot Info

  • Parcel Number: 270140
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5683
  • PAGE: 309

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6392
  • Tax Book Number: 31664

Multi Family

  • Gross Income: 37200
  • Net Operating Income: 37200
  • Number Of Units Total: 2
  • Total Actual Rent: 3100
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 14, 2022
Sold by
Fitzpatrick Brian
Bought by
Wolfe Paul
Seller's Agent
Chris Bruce
Buyer's Agent
Christopher Chadzynski
Northeast Realty + Co.
List Price
$479,900
Sold Price
$530,000
Premium/Discount to List
$50,100
10.44%
Total Days on Market
4
Current Estimated Value
$641,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,877
Avg. Annual Appreciation
6.35%
Original Mortgage
$450,500
Outstanding Balance
$429,523
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$212,354

Purchase Details

Listed on
May 31, 2013
Closed on
Aug 16, 2013
Sold by
Mchugh Lindsey
Bought by
Fitzpatrick Brian
Seller's Agent
Jayne Magown
Infinity RE Partners LLC
Buyer's Agent
Mel Antonio
Berkshire Hathaway HomeServices Robert Paul Properties
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%
Original Mortgage
$323,000
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2003
Sold by
Natalie Vondemorlen David and Natalie Vondemorlen
Bought by
Mchugh Lindsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,600
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 1999
Sold by
Begley Marsha E
Bought by
Vandermolen Heath and Vandermolen David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,727
Interest Rate
7.78%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Wolfe Paul $530,000 None Available
Fitzpatrick Brian $340,000 --
Mchugh Lindsey $302,000 --
Vandermolen Heath $207,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Paul $450,500
Previous Owner Fitzpatrick Brian $323,000
Previous Owner Mchugh Lindsey $220,500
Previous Owner Mchugh Lindsey E $30,000
Previous Owner Mchugh Lindsey E $241,000
Previous Owner Mchugh Lindsey $241,600
Previous Owner Vandermolen Heath $205,727
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $530,000 +10.4% $333 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $479,900 +41.1% $301 / Sq Ft
08/16/2013 08/16/13 Sold $340,000 -2.8% $214 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
05/31/2013 05/31/13 For Sale $349,900 -- $220 / 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 $5,876 $581,800 $212,900 $368,900
2024 $5,693 $554,300 $202,800 $351,500
2023 $5,507 $527,000 $187,800 $339,200
2022 $6,392 $557,800 $173,900 $383,900
2021 $5,762 $490,800 $173,900 $316,900
2020 $5,426 $455,200 $173,900 $281,300
2019 $5,293 $436,700 $167,200 $269,500
2018 $4,880 $390,400 $159,200 $231,200
2017 $4,562 $356,100 $144,800 $211,300
2016 $4,278 $334,200 $139,200 $195,000
2015 $4,003 $310,300 $132,600 $177,700
2014 $3,193 $240,100 $123,400 $116,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72948431

MLS Property Information Network (MLS PIN)

APN: WEYM-000007-000085-000025