J
Seller's Agent in 2022
John Wellington
North Shore Realty Advisors
22 School St Rockport, MA 01966
Estimated Value: $1,361,250
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
North Shore Realty Advisors 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2021
Closed on
Apr 5, 2022
Sold by
Bought by
Seller's Agent
John Wellington
North Shore Realty Advisors
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
$112,250
Avg. Annual Appreciation
2.09%
Original Mortgage
$999,200
Outstanding Balance
$931,900
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$429,350
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,249,000 | None Available | ||
| $1,249,000 | None Available | ||
| $1,249,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $999,200 | ||
| Closed | $999,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2015 | $6,244 | $567,600 | $206,200 | $361,400 |
| 2014 | $6,397 | $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
24 in this area
29 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72891182
APN: ROCK-000018-000000-000506
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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