$1,700,000
SOLD FEB 28, 2025
6 Beds
5 Baths
3,195 Sq Ft
1,266 Sq Ft Lot

Recently Sold

$532 Per Sq Ft

56% Below List Price

35 Days on Market

Highlights

  • Medical Services
  • Deck
  • Tennis Courts
  • Granite Flooring
  • Property is near public transit
  • 1-minute walk to Buckley Playground

About This Home

As of February 2025

*The building at 242 W 3rd & the Lot at 240 W 3rd was remove from this listing .Attention Investors! The property, comprising two three-family houses and a third parcel for parking (3 tax bills), has been lovingly maintained by long-term owners. Although below market (all TAWs), the current rents suggest a potential monthly income of $22K ($264K/Year) with just a hint of cosmetic work in two apartments. Five of the six units are two beds and two baths, and the sixth is two beds and one bath. The location is just two blocks from the West Broadway shops and minutes to the Seaport.

Last Agent to Sell the Property

Jackie Rooney

Rooney Real Estate, LLC Listed on: 09/09/2024

Last Buyer's Agent

Ian Halpin

Lauchlin Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,091

Year Built

  • Built in 1905

Lot Details

  • 1,266 Sq Ft Lot
  • Fenced

Home Design

  • 3,195 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Flooring

  • Wood
  • Carpet
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • On-Street Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • Deck
  • Property is near public transit
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $2,600
  • Assessor Parcel Number 1415000

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,091

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1905
  • Levels: 6
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile, Carpet, Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full, Walk-Out Access, Concrete, Unfinished
  • Living Area: 3195
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: BB4464
  • MAIN SO: AC2118

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone, Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Tandem, On Street, Assigned
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 6
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1415000
  • Zoning: 3Fam
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.03
  • Lot Size Sq Ft: 1266
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 28091

Multi Family

  • Net Operating Income: 31200
  • Number Of Units Total: 3
  • Total Actual Rent: 2600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Feb 28, 2025
Sold by
Austras Joseph and Macdonald Diane
Bought by
Bma Prop Solutions Llc
Seller's Agent
Jackie Rooney
Rooney Real Estate, LLC
Buyer's Agent
Ian Halpin
Lauchlin Real Estate Group
List Price
$3,899,000
Sold Price
$1,700,000
Premium/Discount to List
-$2,199,000
-56.4%
Views
19
Current Estimated Value
$1,751,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,667
Avg. Annual Appreciation
3.91%
Original Mortgage
$2,050,000
Outstanding Balance
$2,034,639
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$282,972

Purchase Details

Closed on
Jan 4, 2017
Sold by
Austras Ft and Austras
Bought by
Austras Joseph and Austras Edward R

Purchase Details

Closed on
Dec 17, 2007
Sold by
Austras Valerie
Bought by
Austras Ft and Austras
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 Type Sale Price Title Company
Quit Claim Deed $3,400,000 None Available
Quit Claim Deed $3,400,000 None Available
Quit Claim Deed $3,400,000 None Available
Quit Claim Deed $3,400,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,050,000 Purchase Money Mortgage
Closed $2,050,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2025 02/28/25 Sold $1,700,000 0.0% $532 / Sq Ft
02/28/2025 02/28/25 Price Changed $1,700,000 -52.8% $532 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
10/03/2024 10/03/24 Price Changed $3,599,000 -7.7% $1,126 / Sq Ft
09/09/2024 09/09/24 For Sale $3,899,000 -- $1,220 / 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 $16,578 $1,431,600 $207,100 $1,224,500
2024 $14,640 $1,343,100 $210,600 $1,132,500
2023 $13,362 $1,244,100 $195,100 $1,049,000
2022 $12,304 $1,130,900 $177,300 $953,600
2021 $11,493 $1,077,100 $168,900 $908,200
2020 $10,934 $1,035,400 $168,900 $866,500
2019 $9,921 $941,300 $126,800 $814,500
2018 $9,580 $914,100 $126,800 $787,300
2017 $9,220 $870,600 $126,800 $743,800
2016 $8,550 $777,300 $126,800 $650,500
2015 $7,591 $626,800 $125,500 $501,300
2014 $6,835 $543,300 $125,500 $417,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73287167

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-001682