J
Seller's Agent in 2022
John Wellington
RE/MAX
22 School St Rockport, MA 01966
Estimated Value: $1,361,912
6
Beds
4
Baths
6,055
Sq Ft
$225/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Property is near public transit and schools
- Jogging Path
- Waterfront
- Corner Lot
- Cooling Available
About This Home
As of April 2022Rare Investor Opportunity Mixed-Use located in the heart of scenic Rockport. Steps to Front Beach with numerous shops and restaurants near Bearskin Neck. Rockport Harbor and renowned scuba diving at Back Beach are minutes away. This beautiful 4-unit property has been under the same ownership for over 30 years. An income producer with a proven history. Two spacious 3-Bedroom residential units with under market rents make this a renters dream. Serious potential for short term seasonal rentals like AirBNB w/attractive tourist experiences. Two retail storefronts add to the attractiveness with balanced revenue. Great opportunity to stabilize an investment portfolio with a business that anchors this location. Ideal for investor portfolio or owner occupied property. Has a very attractive entry cap rate with potential value add. Check out what this charming community has to offer! Proforma available for qualified buyer.
Last Agent to Sell the Property
John Wellington
RE/MAX 360 Listed on: 09/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,591
Year Built
- Built in 1866
Lot Details
- 4,792 Sq Ft Lot
- Waterfront
- Corner Lot
Home Design
- 6,055 Sq Ft Home
- Manufactured Home on a slab
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Total Actual Rent $8,050
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:0018 B:0000 L:0506,2119175
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Golf Course Community
- Jogging Path
Building Details
- Operating Expense $17,110
- Net Operating Income $79,490
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2021
Closed on
Apr 5, 2022
Sold by
Lekkakos Alexandra and Lekkakos Steven P
Bought by
Kd Realty Associates Llc
Seller's Agent
John Wellington
RE/MAX 360
Buyer's Agent
Rick Olson
Olson Real Estate
List Price
$1,249,900
Sold Price
$1,249,000
Premium/Discount to List
-$900
-0.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,912
Avg. Annual Appreciation
2.32%
Original Mortgage
$999,200
Outstanding Balance
$931,900
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$430,012
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kd Realty Associates Llc | $1,249,000 | None Available | |
| Kd Realty Associates Llc | $1,249,000 | None Available | |
| Kd Realty Associates Llc | $1,249,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kd Realty Associates Llc | $999,200 | |
| Closed | Kd Realty Associates Llc | $999,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/05/2022 04/05/22 | Sold | $1,249,000 | 0.0% | $206 / Sq Ft |
| 02/10/2022 02/10/22 | Off Market | $1,249,000 | -- | -- |
| 09/30/2021 09/30/21 | Pending | -- | -- | -- |
| 09/08/2021 09/08/21 | For Sale | $1,249,900 | -- | $206 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $9,008 | $1,028,300 | $349,900 | $678,400 |
| 2024 | $8,121 | $964,500 | $324,900 | $639,600 |
| 2023 | $6,509 | $690,200 | $281,000 | $409,200 |
| 2022 | $6,645 | $676,700 | $272,400 | $404,300 |
| 2021 | $6,591 | $676,700 | $272,400 | $404,300 |
| 2020 | $6,355 | $629,200 | $229,600 | $399,600 |
| 2019 | $5,842 | $592,500 | $212,000 | $380,500 |
| 2018 | $5,990 | $592,500 | $212,000 | $380,500 |
| 2017 | $6,683 | $592,500 | $212,000 | $380,500 |
| 2016 | $6,386 | $567,600 | $206,200 | $361,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
Rick Olson
Buyer's Agent in 2022
Rick Olson
Olson Real Estate
(978) 546-7181
25 in this area
30 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72891182
APN: ROCK-000018-000000-000506
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