235 East St Unit 237 Ludlow, MA 01056
Estimated Value: $401,150
6
Beds
4
Baths
4,807
Sq Ft
$83/Sq Ft
Est. Value
Highlights
- Waterfront
- Enclosed patio or porch
- Level Lot
- East Street Elementary School Rated A-
About This Home
As of August 2021Same Ownership for nearly 30 Years! This mixed-use property features 4 UPDATED residential units and 2 commercial store front units in a highly traveled/visible urban location. All units have their own natural gas heat and natural gas hot water systems, Separate electric meters for all units AND a owner's meter for common areas. Exterior features vinyl siding, stucco facade and replacement windows. Roof replaced 2011 (APO). Unit 1 is 4/2/1 townhouse, Unit 2 is 4/2/1 townhouse, Unit 3 is a 4/1/1 garden, Unit 4 is 3/1/1 garden, then 2 commercial store fronts on the first floor with visible street frontage. All long term tenants are tenancy at will and currently pay below market rent. Potential Income with At-Market Rents may be $6,000 monthly or $72,000 Annually. The Opportunity is knocking for you to own this 6-unit investment property in Ludlow - Are you listening? ** Current Rent Roll as of March 2, 2021 are listed above but missing one storefront at $500/month. ** (APO)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,217
Year Built
- Built in 1930
Lot Details
- 10,019 Sq Ft Lot
- Waterfront
- Level Lot
Home Design
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,807 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Enclosed patio or porch
Utilities
- 6 Heating Zones
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $3,470
- Assessor Parcel Number M:14B B:4900 P:50
Community Details
Overview
- 6 Units
- Property has 2 Levels
Building Details
- Electric Expense $50
- Insurance Expense $3,600
- Water Sewer Expense $380
- Operating Expense $3,600
- Net Operating Income $36,240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2020
Closed on
Aug 27, 2021
Sold by
Fonseca Antonio M and Fonseca Zita J
Bought by
Gama Investments Llc
Seller's Agent
John Pedro
John H. Pedro Real Estate
Buyer's Agent
Maria Crespo
Keller Williams Realty
List Price
$419,900
Sold Price
$348,000
Premium/Discount to List
-$71,900
-17.12%
Total Days on Market
190
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
$53,150
Avg. Annual Appreciation
4.42%
Original Mortgage
$272,000
Outstanding Balance
$250,182
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$159,992
Purchase Details
Closed on
Aug 23, 1991
Sold by
Quaglini Ida
Bought by
Fonseca Antonio M and Fonseca Zita J
Similar Homes in the area
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gama Investments Llc | $348,000 | None Available | |
| Fonseca Antonio M | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gama Investments Llc | $272,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2021 08/27/21 | Sold | $348,000 | -5.7% | $72 / Sq Ft |
| 04/23/2021 04/23/21 | Pending | -- | -- | -- |
| 04/22/2021 04/22/21 | Price Changed | $368,900 | 0.0% | $77 / Sq Ft |
| 03/03/2021 03/03/21 | Price Changed | $369,000 | -0.2% | $77 / Sq Ft |
| 01/29/2021 01/29/21 | Price Changed | $369,900 | -5.1% | $77 / Sq Ft |
| 12/08/2020 12/08/20 | Price Changed | $389,900 | -1.3% | $81 / Sq Ft |
| 11/16/2020 11/16/20 | Price Changed | $394,900 | -6.0% | $82 / Sq Ft |
| 10/15/2020 10/15/20 | For Sale | $419,900 | -- | $87 / 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 | $6,654 | $383,500 | $131,600 | $251,900 |
| 2024 | $6,751 | $373,200 | $121,200 | $252,000 |
| 2023 | $6,706 | $343,700 | $110,100 | $233,600 |
| 2022 | $5,087 | $254,500 | $110,100 | $144,400 |
| 2021 | $5,297 | $251,300 | $106,900 | $144,400 |
| 2020 | $5,217 | $253,000 | $105,400 | $147,600 |
| 2019 | $4,947 | $249,600 | $102,300 | $147,300 |
| 2018 | $4,705 | $247,500 | $102,300 | $145,200 |
| 2017 | $4,521 | $244,000 | $99,300 | $144,700 |
| 2016 | $4,407 | $243,100 | $97,400 | $145,700 |
| 2015 | $4,200 | $242,900 | $96,400 | $146,500 |
Source: Public Records
Agents Affiliated with this Home
-
John Pedro
Seller's Agent in 2021
John Pedro
John H. Pedro Real Estate
(413) 531-1328
36 in this area
63 Total Sales
-
Maria Crespo
Buyer's Agent in 2021
Maria Crespo
Keller Williams Realty
(413) 426-6901
21 in this area
46 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72743592
APN: LUDL-140490-000000-B000050
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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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