$380,000
SOLD SEP 30, 2024
7 Beds
3 Baths
3,158 Sq Ft
4,670 Sq Ft Lot

Recently Sold

$120 Per Sq Ft

37% Below List Price

11 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Community Pool
  • Property is near public transit
  • Upgraded Countertops
  • 1-minute walk to Monte Park

About This Home

As of September 2024

An amazing chance to get into a profitable 3 Family a few blocks away from downtown New Bedford. With only 2 apartments rented, the property is generating 3500, with the third unit left vacant for the new owner to live in or choose the rent price for. All 3 units have been renovated in the last 3 years with 2 of the units having a dish washer. The building has a laundry room that is shared amongst all 3 apartments. Outside is a supercharging station for electric cars. There's Office space that can be used to charge for storage too. The roof has been updated in the last few years. Each unit has had brand new water heaters and heating systems installed the last 3 years as well. The tenant on the first floor pays 1900 for a 3 bedroom apartment and is tenants at will. 2nd floor is paying 1600 for a 2 bedroom apartment. 3rd floor is a 2 bedroom with a dish washer and one bedroom has a walk in closet. The building is roughly a 4minute drive from the train station coming to New Bedford

Last Agent to Sell the Property

Zack Martin

RE/MAX Vantage Listed on: 07/25/2024

RE/MAX Vantage

Last Buyer's Agent

Jeffrey Dormus

Andrade Associates Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,788

Year Built

  • Built in 1878

Lot Details

  • 4,670 Sq Ft Lot
  • Fenced

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,158 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Partial Basement
  • Washer Hookup

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms
  • Separate Shower

Parking

  • 2 Car Parking Spaces
  • Leased Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $3,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0042 L:0023,2889544

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Community Pool
  • Park
  • Jogging Path

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,788

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1878
  • Buyer Agency: 0
  • Transaction Broker: 0
  • Year Built Details: Actual,Renovated Since
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Laminate
  • Interior Amenities: Ceiling Fan(s), Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Freezer
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Partial
  • Living Area: 3158
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AC0342
  • LIST PRICE PER Sq Ft: 177.33
  • PRICE PER Sq Ft: 120.33
  • MAIN SO: NB3415

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Leased
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup
  • Cooling: None
  • Heating: Forced Air, Electric
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0042 L:0023,2889544
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4670
  • Lot Size Units: Acres
  • PAGE: 309
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4788
  • Tax Book Number: 13967

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2012
Sold by
Ramos Mary
Bought by
Livramento Isabelle M and Ramos Paulina
Current Estimated Value
$499,153
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $551,000 Purchase Money Mortgage
Closed $551,000 Purchase Money Mortgage
Closed $388,314 FHA
Previous Owner $34,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $380,000 -32.1% $120 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $560,000 -6.5% $177 / Sq Ft
07/25/2024 07/25/24 For Sale $599,000 +120.2% $190 / Sq Ft
08/23/2021 08/23/21 Sold $272,000 -2.8% $85 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
02/16/2021 02/16/21 For Sale $279,900 +2.9% $88 / Sq Ft
02/11/2021 02/11/21 Off Market $272,000 -- --
10/26/2020 10/26/20 Price Changed $279,900 -3.4% $88 / Sq Ft
09/11/2020 09/11/20 For Sale $289,900 +457.5% $91 / Sq Ft
10/01/2012 10/01/12 Sold $52,000 -34.9% $19 / Sq Ft
09/01/2012 09/01/12 Pending -- -- --
07/18/2012 07/18/12 For Sale $79,900 -- $29 / 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 $5,309 $469,400 $82,800 $386,600
2024 $4,788 $399,000 $77,600 $321,400
2023 $4,161 $291,200 $66,200 $225,000
2022 $3,034 $199,300 $60,400 $138,900
2021 $3,034 $194,600 $60,400 $134,200
2020 $3,069 $189,900 $56,900 $133,000
2019 $2,691 $163,400 $56,900 $106,500
2018 $2,596 $156,100 $56,900 $99,200
2017 $2,477 $148,400 $56,900 $91,500
2016 $2,188 $132,700 $58,700 $74,000
2015 $2,076 $132,000 $60,400 $71,600
2014 $2,001 $132,000 $60,400 $71,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73269310

MLS Property Information Network (MLS PIN)

APN: NEWB-000042-000000-000023