NOT LISTED FOR SALE

Estimated Value: $198,635 - $306,000

8 Beds
3 Baths
2,795 Sq Ft
$90/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $125,000 $45 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,725/month

46 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Porch
  • Attic
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2020

This is an opportunity to own a large, turn key 3-family with 10+% CAP rate + 22+% ROI. There are (2) larger, 3 bed/1 bath apartments on the 1st and 2nd floor and a larger 2 bed/1 bath on the 3rd floor – all units are 100% occupied with tenants. There are washer/dryer hook-ups and some unit updates throughout (kitchens, baths). The siding, windows and roof are in average condition. Utilities are separate and tenant paid – with updated electrical to circuit breakers. Heat, hot water and cooking are a combo of gas and electric. There is off-street parking available. Value add = update units + increase rents for a 13+% CAP rate. This is a low maintenance option to start investing or to add to your portfolio. This property can be purchased with a 3 family next door at 27 Beacon St.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 07/02/2020

Oxford Realty

Last Buyer's Agent

Robert Levine

ERA Hart Sargis-Breen License #REB.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,147

Year Built

  • Built in 1903

Lot Details

  • 6,098

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,795 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Private Driveway
  • Unpaved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • 6,098 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,147

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2795
  • Public Record Living Room Sq Ft: 2795
  • Total Sq Ft: 2795
  • Year Built: 1903
  • Nearby Amenities: Commuter Bus, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Burton St to Beacon St OR Crown St to Beacon
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Off Street Parking
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 25800
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3147
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1378340

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 14, 2020
Sold by
Rosario Joel Est and Luciano
Bought by
Beacon Street Apt Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Robert Levine
ERA Hart Sargis-Breen
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
$252,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,909
Avg. Annual Appreciation
14.69%

Purchase Details

Closed on
Mar 24, 2006
Sold by
Waterview Holdings
Bought by
Hazzard Nigel

Purchase Details

Closed on
Apr 15, 2005
Sold by
Sfjv-2003-1 Llc
Bought by
Waterview Holding

Purchase Details

Closed on
Jan 26, 1999
Sold by
Calmco Inc and Bankers Trust Co Ca Tr
Bought by
Allen James

Purchase Details

Closed on
May 28, 1998
Sold by
Mcdaniel Patricia
Bought by
Bankers Trust Co Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Beacon Street Apt Llc $125,000 None Available
Hazzard Nigel $190,800 --
Waterview Holding $86,000 --
Allen James $6,500 --
Bankers Trust Co Tr $39,603 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bankers Trust Co Tr $92,158
Previous Owner Bankers Trust Co Tr $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $125,000 -16.6% $45 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $149,900 -- $54 / Sq Ft
Source: SmartMLS

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 $4,720 $104,930 $10,500 $94,430
2024 $5,188 $104,930 $10,500 $94,430
2023 $5,686 $104,930 $10,500 $94,430
2022 $3,147 $52,260 $10,500 $41,760
2021 $3,147 $52,260 $10,500 $41,760
2020 $3,147 $52,260 $10,500 $41,760
2019 $3,147 $52,260 $10,500 $41,760
2018 $3,147 $52,260 $10,500 $41,760
2017 $3,166 $52,580 $10,500 $42,080
2016 $3,166 $52,580 $10,500 $42,080
2015 $3,061 $52,580 $10,500 $42,080
2014 $3,061 $52,580 $10,500 $42,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170312187

SmartMLS

APN: WATE-000236-000172-000064