NOT LISTED FOR SALE

Estimated Value: $596,000 - $774,000

8 Beds
3 Baths
2,923 Sq Ft
$222/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $500,000 $171 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,953/month

29 Days on Market

Highlights

  • Golf Course Community
  • Corner Lot
  • Cooling Available
  • Property is near public transit
  • Jogging Path
  • Shops

About This Home

As of October 2022

Solid long-term three-family investment right next to UMass is ready for you to take over the ownership. All three tenants are long term tenants, two over ten years, will stay with the property. Unit had been updated with new heating systems, newer kitchens, floors, some new sidings etc. First two units are up and down units, with a large 3rd unit on its own. Two basements as well. Laundry hood ups in the basement. Sale is subject to 1031 exchange process. Seller needs to use the proceeds for his large acquisition in another state. Open house on Sunday 1-3.

Last Agent to Sell the Property

Frank Chen

Good School Realty, Inc. Listed on: 08/12/2022

Last Buyer's Agent

Frank Chen

Good School Realty, Inc. Listed on: 08/12/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,527

Year Built

  • Built in 1900

Lot Details

  • 1,976 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 2,923 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,700
  • Rent includes unit 1(water)
  • Assessor Parcel Number M:117 B:5185 L:200,3182358

Community Details

Recreation

  • Golf Course Community
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $333
  • Insurance Expense $3,600
  • Water Sewer Expense $2,029
  • Operating Expense $8,187
  • Net Operating Income $36,213

Additional Features

  • 3 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,527

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Gas Water Heater
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2923
  • Stories Total: 4
  • MAIN LO: NB1364
  • LIST PRICE PER Sq Ft: 188.16
  • PRICE PER Sq Ft: 171.06
  • MAIN SO: NB1364

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, On Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Bike Path, House of Worship, Public School, University
  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2029

Lot Info

  • Parcel Number: M:117 B:5185 L:200,3182358
  • Zoning: UMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 1976
  • Lot Size Units: Acres
  • PAGE: 86
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4527
  • Tax Book Number: 32214

Multi Family

  • Electric Expense: 333
  • Gross Income: 44400
  • Insurance Expense: 3600
  • Net Operating Income: 36213
  • Number Of Units Total: 3
  • Operating Expense: 8187
  • Total Actual Rent: 3700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2018
Sold by
Huang Lishao and Chen Bihui
Bought by
Lu Gang
Current Estimated Value
$644,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2014
Sold by
Chen Frank
Bought by
Huang Lishao and Chen Bihul

Purchase Details

Closed on
Jan 3, 2013
Sold by
Birch Hollow Llc
Bought by
Huang Lishao and Chen Bihui

Purchase Details

Closed on
Dec 5, 2012
Sold by
Grover Timothy
Bought by
Birch Hollow Llc

Purchase Details

Closed on
Mar 24, 2008
Sold by
Hsbc Bank Usa
Bought by
Skaff Realty Llc and Skaff

Purchase Details

Closed on
Apr 13, 2007
Sold by
Murray Susan G and Hsbc Bank Usa
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
May 6, 2005
Sold by
Mcguire Michael C
Bought by
Murray Susan G

Purchase Details

Closed on
Dec 3, 2003
Sold by
Galarza Norma and Galarza Wuilly
Bought by
Mcguire Michael C

Purchase Details

Closed on
Mar 12, 2001
Sold by
Gonzalez Cesar
Bought by
Galarza Wuilly

Purchase Details

Closed on
May 28, 1999
Sold by
Hughes Jeffrey and Hughes Lisa
Bought by
Gonales Cesar

Purchase Details

Closed on
Dec 30, 1997
Sold by
Panagiotakos Peter
Bought by
Hughes Jeffrey and Hughes Lisa

Purchase Details

Closed on
Jul 1, 1994
Sold by
Fdic
Bought by
Panagiotakos Peter
Source: Public Records

Range of Values:

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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
Lu Gang $265,000 --
Huang Lishao -- --
Huang Lishao -- --
Huang Lishao $165,000 --
Birch Hollow Llc $140,760 --
Birch Hollow Llc $140,760 --
Skaff Realty Llc $120,000 --
Skaff Realty Llc $120,000 --
Hsbc Bank Usa $227,903 --
Hsbc Bank Usa $227,903 --
Murray Susan G $295,000 --
Mcguire Michael C $255,000 --
Mcguire Michael C $255,000 --
Galarza Wuilly $170,000 --
Galarza Wuilly $170,000 --
Gonales Cesar $127,500 --
Gonales Cesar $127,500 --
Hughes Jeffrey $112,000 --
Hughes Jeffrey $112,000 --
Panagiotakos Peter $21,000 --
Panagiotakos Peter $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Hitesh $330,000
Closed Jain Hitesh $330,000
Closed Lu Gang $198,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $500,000 -9.1% $171 / Sq Ft
09/11/2022 09/11/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $550,000 -8.2% $188 / Sq Ft
08/12/2022 08/12/22 For Sale $599,000 +334.1% $205 / Sq Ft
02/06/2012 02/06/12 Sold $138,000 -23.3% $47 / Sq Ft
01/07/2012 01/07/12 Pending -- -- --
08/29/2011 08/29/11 For Sale $180,000 -- $62 / 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 $5,267 $458,800 $77,400 $381,400
2024 $4,962 $416,600 $67,200 $349,400
2023 $4,875 $392,500 $58,400 $334,100
2022 $4,527 $356,700 $53,100 $303,600
2021 $3,911 $290,600 $46,200 $244,400
2020 $3,520 $263,500 $41,200 $222,300
2019 $3,420 $243,600 $38,200 $205,400
2018 $3,012 $216,400 $36,400 $180,000
2017 $2,953 $197,900 $33,100 $164,800
2016 $2,720 $179,400 $29,900 $149,500
2015 $2,568 $165,900 $29,900 $136,000
2013 $2,561 $170,600 $41,300 $129,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73024903

MLS Property Information Network (MLS PIN)

APN: LOWE-000117-005185-000200