$1,600,000
SOLD AUG 15, 2024
12 Beds
6 Baths
3,891 Sq Ft
2,613 Sq Ft Lot

Recently Sold

$411 Per Sq Ft

6% Below List Price

7 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Solid Surface Countertops
  • Deck
  • Wood Flooring
  • 3-minute walk to Robert E Ryan Playground

About This Home

As of August 2024

22 Newport Street is located in the highly desirable Savin Hill Neighborhood of Dorchester. This property is located just steps (0.1 Miles) from the JFK/UMASS Red Line station and is close proximity to Downtown Boston, UMass Boston and I-93 North and South access. The building is comprised entirely of 4 Bedroom / 2 Bathroom layouts and has been very well cared for by the current ownership. The units feature upgraded kitchens and baths, high end appliances, recessed lighting, and central air-conditioning (units 2 and 3 only). Coin-operated laundry is available in the basement. This is an excellent investment as Savin Hill continues to see robust rental growth and property appreciation 22 Newport Street can be purchased individually or as a package with 39 Newport Street.

Last Agent to Sell the Property

Tony Pepdjonovic

Marcus & Millichap Real Estate Investment Services Listed on: 06/19/2024

Last Buyer's Agent

Lin Xu

Dream Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,099

Year Built

  • Built in 1905

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,891 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Central Heating and Cooling System
  • 2 Cooling Zones
  • Baseboard Heating

Additional Features

  • Deck
  • 2,613 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $10,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 1306767

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $24,224
  • Net Operating Income $101,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,099

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1905
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: N/A
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Hardwood
  • Interior Amenities: Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Remodeled
  • Fireplace YN: No
  • Appliances: Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Unfinished
  • Living Area: 3891
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1252
  • LIST PRICE PER Sq Ft: 436.91
  • PRICE PER Sq Ft: 411.21
  • MAIN SO: A95641

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Baseboard, Central
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • COOLING ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

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

Lot Info

  • Parcel Number: 1306767
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613
  • Lot Size Units: Acres
  • PAGE: .
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 15099
  • Tax Book Number: .

Multi Family

  • Gross Income: 126000
  • Net Operating Income: 101776
  • Number Of Units Total: 3
  • Operating Expense: 24224
  • Total Actual Rent: 10500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 2
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 1995
Sold by
Duffey Paul J
Bought by
Hill Rt
Current Estimated Value
$1,639,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 $76,000 --
Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,120,000 Purchase Money Mortgage
Closed $1,120,000 Purchase Money Mortgage
Closed $690,000 Stand Alone Refi Refinance Of Original Loan
Closed $394,000 No Value Available
Closed $406,000 No Value Available
Closed $124,000 No Value Available
Closed $93,600 No Value Available
Closed $100,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $1,600,000 -5.9% $411 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $1,700,000 -- $437 / 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 $15,415 $1,331,200 $295,000 $1,036,200
2024 $15,099 $1,385,200 $248,500 $1,136,700
2023 $13,652 $1,271,100 $228,000 $1,043,100
2022 $13,044 $1,198,900 $215,100 $983,800
2021 $12,043 $1,128,700 $208,800 $919,900
2020 $9,122 $863,800 $231,600 $632,200
2019 $7,701 $730,600 $150,200 $580,400
2018 $6,658 $635,300 $150,200 $485,100
2017 $6,405 $604,800 $150,200 $454,600
2016 $5,994 $544,900 $150,200 $394,700
2015 $5,265 $434,800 $116,100 $318,700
2014 $4,885 $388,300 $116,100 $272,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73254534

MLS Property Information Network (MLS PIN)

APN: DORC-000000-000013-003130