Seller's Agent in 2022
Tony Melo
Trident Realty Group
(508) 369-9755
2 in this area
19 Total Sales
22 Cedar St Taunton, MA 02780
City Center Neighborhood
13
Beds
5
Baths
5,458
Sq Ft
6,534
Sq Ft Lot Lot
Highlights
- Medical Services
- Deck
- Wood Flooring
- City View
- Property is near public transit and schools
- Porch
About This Home
As of September 2022PROFITABLE income property with "potential for greater income" by bringing the rents up to market rate. Building will be fully rented and cash flowing. Low to no yard maintenance provides a cost savings. Five of the five units are TAW leaving room for increased revenue. Eight (8) SECURITY cameras on site with DVR stored in utility room in secured basement. Great down town neighborhood is currently being revitalized by Taunton's "Business Improvement District" initiative adding value to the area at no cost to you. rubber roof 2009, Area in Basement for coin-op laundry (current machines to convey with property and are non functioning). Average annual gross income is $96,000, Vacancy allowance of 6% ($5,760) with a current NOI of $74,900 and a cap rate of 8.86%, Building has Full Letter of Lead compliance and will be attached to MLS. New windows, New vinyl exterior, new doors (interior and exterior) installed in 2019, Five new direct vent / High efficiency combo systems 2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,253
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 5,458 Sq Ft Home
- Insulated Windows
- Insulated Doors
- City Views
- Storm Doors
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 13 Bedrooms
- 5 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 5 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit and schools
Utilities
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $8,000
- Assessor Parcel Number M:66 L:88 U:,2971119
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Net Operating Income $96,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/28/2022 09/28/22 | Sold | $845,000 | 0.0% | $155 / Sq Ft |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- |
| 07/19/2022 07/19/22 | Off Market | $845,000 | -- | -- |
| 06/06/2022 06/06/22 | For Sale | $845,000 | -- | $155 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $9,246 | $845,200 | $103,100 | $742,100 |
| 2024 | $9,298 | $830,900 | $117,200 | $713,700 |
| 2023 | $6,615 | $549,000 | $93,800 | $455,200 |
| 2022 | $7,253 | $550,300 | $78,100 | $472,200 |
| 2021 | $6,612 | $465,600 | $71,000 | $394,600 |
| 2020 | $5,684 | $382,500 | $71,000 | $311,500 |
| 2019 | $5,409 | $343,200 | $71,000 | $272,200 |
| 2018 | $5,359 | $335,400 | $70,600 | $264,800 |
| 2017 | $5,445 | $346,600 | $67,000 | $279,600 |
| 2016 | $4,999 | $318,800 | $65,000 | $253,800 |
| 2015 | $4,544 | $302,700 | $66,000 | $236,700 |
| 2014 | $4,522 | $309,500 | $62,600 | $246,900 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Melo
-
David Lenger
Buyer's Agent in 2022
David Lenger
eXp Realty
(508) 272-7478
3 in this area
27 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72993041
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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