NOT LISTED FOR SALE

24 Richardson St Newton, MA 02458

Newton Corner Neighborhood

Estimated Value: $998,000 - $3,488,000

14 Beds
7 Baths
7,021 Sq Ft
$244/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $2,450,000 $349 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $10,178/month

12 Days on Market

About This Home

As of January 2019

24-28 Richardson St in Newton represents a rare combination of core & value add opportunity making it an attractive asset for both investors and developers. The property has ~13,000 sqft of land improved by two free standing buildings totaling over 7,100 sqft of living space. 26-28 Richardson is the larger front brick 3 story, 5 unit bldg, w/ direct access 4 car garage built in 1948. The building consists of one 1 bedroom apartment & 4 renovated 2 bed 1 bath units, each renovated with granite counter kitchens, hardwood floors and updated baths. The rear building is a wood frame, 2 family circa 1880 consisting of one 2 bed unit and one 3 bed unit. There is room for an additional 10 outdoor parking spaces in the large drive for a combined total of 14 car parking. The current gross income is over $180,000, with all units leased until spring & summer of 2019. The convenient location offers easy access to Rt 90, the commuter rail & express bus to Kenmore Sq, as well as BC Law School.

Last Agent to Sell the Property

Adam Umina

Metro Realty Corp. Listed on: 10/30/2018

Last Buyer's Agent

Adam Umina

Metro Realty Corp. Listed on: 10/30/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,238

Year Built

  • Built in 1948

Lot Details

  • 0.3

Parking

  • 4 Car Garage

Flooring

  • Wood Flooring

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,238

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 3550
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 381.00
  • Comp Based On: Net Sale Price
  • Year Built: 1948
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1948

Interior Features

  • Flooring: Wood
  • Total Flrs: 6
  • No Bedrooms: 14
  • Total Brs: 14
  • Full Bathrooms: 7
  • Total Fbh: 7
  • No Rooms: 19
  • Rms Common: Laundry
  • Basement: Y
  • Main Lo: BB1465
  • Main So: BB1465
  • Estimated Sq Ft: 7021.00

Exterior Features

  • Frontage: 103.00
  • Construction: Frame
  • Exterior: Brick
  • Foundation: Brick

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 14
  • Garage Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 905
  • Sewer: 3539

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, University

Schools

  • Elementary School: Underwood
  • Middle School: Bigelow
  • High School: Newton North

Lot Info

  • Assessments: 1531500.00
  • Acre: 0.30
  • Lot Size: 12924.00
  • Page: 457
  • Zoning: MR2
  • Lot Description: Paved Drive, Zero Lot Line

Multi Family

  • Heat Units: 3
  • Total Levels: 5
  • Total Rent: 15050
  • Total Rms: 30
  • No Units: 7
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 15818.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2018
Closed on
Dec 31, 2018
Sold by
24 & 28 Richardson St Llc
Bought by
Si Richardson Street Rlty
Seller's Agent
Adam Umina
Metro Realty Corp.
Buyer's Agent
Adam Umina
Metro Realty Corp.
List Price
$2,675,000
Sold Price
$2,450,000
Premium/Discount to List
-$225,000
-8.41%
Total Days on Market
12
Current Estimated Value
$1,712,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$737,651
Avg. Annual Appreciation
-5.25%

Purchase Details

Closed on
Nov 21, 2012
Sold by
24 Richardson Street L
Bought by
24 & 28 Richardson St Ll

Purchase Details

Closed on
Sep 26, 2008
Sold by
Tormey Rt and Tormey Martin T
Bought by
24 Richardson Street L
Source: Public Records

Range of Values:

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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
Si Richardson Street Rlty $2,450,000 --
24 & 28 Richardson St Ll $420,000 --
24 Richardson Street L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2019 01/07/19 Sold $2,450,000 -8.4% $349 / Sq Ft
11/11/2018 11/11/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $2,675,000 -- $381 / 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 $7,238 $738,600 $719,400 $19,200
2024 $6,999 $717,100 $698,400 $18,700
2023 $6,634 $651,700 $523,000 $128,700
2022 $6,348 $603,400 $484,300 $119,100
2021 $6,125 $569,200 $456,900 $112,300
2020 $5,942 $569,200 $456,900 $112,300
2019 $5,775 $552,600 $443,600 $109,000
2018 $5,437 $502,500 $400,500 $102,000
2017 $5,272 $474,100 $377,800 $96,300
2016 $5,042 $443,100 $353,100 $90,000
2015 $4,808 $414,100 $330,000 $84,100
Source: Public Records

Agents Affiliated with this Home

  • Adam Umina

    Seller's Agent in 2019

    Adam Umina

    Metro Realty Corp.

    (617) 921-5866

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72417589

MLS Property Information Network (MLS PIN)

APN: NEWT-000012-000013-000010

Massachusetts Middlesex County Newton 02458 Newton Corner

24 Richardson St, Newton, MA

This home is located at 24 Richardson St, Newton, MA 02458 since 30 October 2018 and is currently estimated at $1,712,349, approximately $243 per square foot. This property was built in 1948. 24 Richardson St is a home located in Middlesex County with nearby schools including Underwood Elementary School, Bigelow Middle School, and Newton North High School.

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.

MLS Property Information Network (MLS PIN) 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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