NOT LISTED FOR SALE

Estimated Value: $1,201,000 - $1,268,000

4 Beds
2 Baths
2,532 Sq Ft
$493/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $1,140,000 $450 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,871/month

5 Days on Market

Highlights

  • Golf Course Community
  • 2 Fireplaces
  • Park
  • Property is near public transit
  • Covered Patio or Porch
  • Shops

About This Home

As of June 2023

Nestled in a coveted Watertown neighborhood near the Oakley Country Club, 23-25 Stearns Rd offers a tranquil and picturesque setting. This two-family home is a rare find, whether you're a first-time homebuyer looking for an income-generating unit or an investor seeking a smart investment opportunity. Each unit has a classic layout with large rooms, hardwood floors, and original woodwork. The fireplaced living rooms and bright dining rooms are great for entertaining. The kitchens and baths offer a blank canvas for your creativity, allowing you to customize them to your desired style. The upper unit has an office with walk-up access to an unfinished third floor. The backyard is level, & the detached 2-car garage offers ample parking & storage. Great commuting location with easy access to Mass Pike, Storrow Drive & bus route to Harvard Square. Excellent proximity to the new Hosmer School & Arsenal Yards. A fantastic opportunity to take advantage of everything that Watertown has to offer!

Last Agent to Sell the Property

Carolyn Boyle

Gibson Sotheby's International Realty Listed on: 05/10/2023

Gibson Sotheby's International Realty

Last Buyer's Agent

Bob Airasian

Coldwell Banker Realty - Belmont

Coldwell Banker Realty - Belmont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,886

Year Built

  • Built in 1925

Lot Details

  • 5,998 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,532 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Hosmer Elementary School
  • WMS Middle School
  • WHS High School

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Total Actual Rent $2,200
  • Rent includes unit 1(water)
  • Assessor Parcel Number M:1160 B:0014 L:0033,854605

Community Details

Recreation

  • Golf Course Community
  • Park

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,886

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1925
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Crown Molding,Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 2(Pantry,Crown Molding,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den)
  • Fireplace Features: Unit 1(Fireplace - Wood burning), Unit 2(Fireplace - Wood burning)
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Full, Sump Pump
  • Living Area: 2532
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 390.6
  • PRICE PER Sq Ft: 450.24
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Rain Gutters, Unit 2 Balcony/Deck
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Covered
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(Window AC)
  • Heating: Unit 1(Steam,Oil), Unit 2(Steam,Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Public School
  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:1160 B:0014 L:0033,854605
  • Zoning: T
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 5998
  • Lot Size Units: Acres
  • PAGE: 439
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13886
  • Tax Book Number: 44254

Multi Family

  • Gross Income: 26400
  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Whs
  • Elementary School: Hosmer
  • Middle Or Junior School: Wms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2004
Sold by
Mirakian Anthony and Mirakian Helen
Bought by
Mirakian Anthony and Mirakian Helen
Current Estimated Value
$1,249,072

Purchase Details

Closed on
Jun 15, 1989
Sold by
Kulbashian Charles
Bought by
Mirakian Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
10.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mirakian Anthony -- --
Mirakian Anthony -- --
Mirakian Anthony -- --
Mirakian Anthony $315,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manoukian Ohan S $912,000
Closed Manoukian Ohan S $912,000
Previous Owner Mirakian Anthony $114,000
Previous Owner Mirakian Anthony $116,000
Previous Owner Mirakian Anthony $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2023 06/22/23 Sold $1,140,000 +15.3% $450 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $989,000 -- $391 / 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 $12,774 $1,093,700 $607,200 $486,500
2024 $12,558 $1,073,300 $599,500 $473,800
2023 $13,886 $1,022,500 $562,000 $460,500
2022 $12,981 $979,700 $517,000 $462,700
2021 $11,357 $927,100 $479,600 $447,500
2020 $11,147 $918,200 $479,600 $438,600
2019 $10,877 $844,500 $479,600 $364,900
2018 $10,917 $810,500 $479,600 $330,900
2017 $11,049 $795,500 $464,600 $330,900
2016 $10,267 $750,500 $419,600 $330,900
2015 $9,476 $630,500 $378,400 $252,100
2014 $9,208 $615,500 $363,400 $252,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73109661

MLS Property Information Network (MLS PIN)

APN: WATE-001160-000014-000033