Seller's Agent in 2023
Michael Lord
Capital Realty Group
(508) 395-8333
2 in this area
42 Total Sales
245 Hill St Norwood, MA 02062
North Norwood NeighborhoodEstimated Value: $1,012,000 - $1,267,263
7
Beds
3
Baths
2,488
Sq Ft
$470/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Heating Available
- Norwood High School Rated A-
About This Home
As of October 2023Welcome to this exceptional investment opportunity with a prime commuter friendly location in Norwood. This fully rented three-unit property presents an incredible opportunity for seasoned investors or anyone seeking a cash-flowing property with three generously sized units, all separate utilities and a strong rental history. The property has been well maintained with unit 2 and unit 3 both having undergone recent renovations, and unit 1 being occupied by a long term tenant. Laundry facilities in basement. Don't miss out on this rare chance to own a fully rented property in a sought after location, and begin enjoying the benefits of passive income in this thriving rental market. Showings begin at the scheduled open houses.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 6,098
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,488 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- 3 Heating Zones
- Heating Available
Additional Features
- 6,098 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $7,500
- Assessor Parcel Number 156646
Community Details
Building Details
- Operating Expense $16,972
- Net Operating Income $90,000
Additional Features
- 3 Units
- Medical Services
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Bello Villalona Ft | $843,750 | |
| Closed | W1a Llc | $357,000 | |
| Closed | Fm Realty 401K Plan Nt | $2,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2023 10/05/23 | Sold | $1,125,000 | -6.3% | $452 / Sq Ft |
| 08/28/2023 08/28/23 | Pending | -- | -- | -- |
| 08/23/2023 08/23/23 | For Sale | $1,200,000 | -- | $482 / 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 | $7,099 | $674,800 | $270,700 | $404,100 |
| 2024 | $6,563 | $626,800 | $270,700 | $356,100 |
| 2023 | $5,873 | $569,100 | $230,300 | $338,800 |
| 2022 | $5,893 | $548,200 | $209,400 | $338,800 |
| 2021 | $5,973 | $526,700 | $201,700 | $325,000 |
| 2020 | $5,450 | $488,800 | $201,700 | $287,100 |
| 2019 | $4,943 | $453,900 | $192,100 | $261,800 |
| 2018 | $4,771 | $430,200 | $182,900 | $247,300 |
| 2017 | $4,633 | $415,500 | $182,900 | $232,600 |
| 2016 | $4,376 | $393,500 | $182,900 | $210,600 |
| 2015 | $3,771 | $328,800 | $174,600 | $154,200 |
| 2014 | $3,706 | $320,000 | $158,400 | $161,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Lord
-
Alex Connor
Seller Co-Listing Agent in 2023
Alex Connor
Capital Realty Group
(857) 891-0167
1 in this area
17 Total Sales
-
Dalvin Estrada
D
Buyer's Agent in 2023
Dalvin Estrada
Estrada & Associates Realty
(617) 778-4164
2 in this area
17 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73151593
APN: NORW-000004-000021-000055
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.
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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