NOT LISTED FOR SALE

Estimated Value: $1,351,000

4 Beds
2 Baths
2,608 Sq Ft
$518/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $1,315,000 $504 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,446/month

18 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • 2 Fireplaces
  • Underwood Elementary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of March 2024

A two-unit fully leased home and turnkey investment. Each unit has direct private access and feature open layouts, defined dining areas, expansive window lines, updated kitchens, private three season porches, central air, and hardwood flooring. The home underwent significant renovations in 2015 which included siding, garage doors, windows, HVAC, cabinetry, appliances, and bathroom updates. Additionally, there are two garage bays, off-street parking, and private basement laundry for each unit. The subject property is ideal for a potential buyer looking for income growth and a healthy investment return. Ideally situated within Newton Corner with close proximity to I-90, express bus, local parks, schools, and restaurants. ** Sale is contingent upon the sale of 29-31 Bennington Street. See MLS # 73196252 **

Last Agent to Sell the Property

Mark Ruane

MGS Group Real Estate LTD Listed on: 01/24/2024

Co-Listed By

Rachel Goldman

MGS Group Real Estate LTD

Last Buyer's Agent

Michael Spurr

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,175

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Street terminates at a dead end

Parking

  • 2 Car Garage
  • Shared Driveway
  • Open Parking

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,608 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Living Room
  • Sun or Florida Room

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Interior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Enclosed patio or porch

Location

  • Property is near public transit
  • Property is near schools

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $6,200
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 682821

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community
  • Park

Building Details

  • Electric Expense $120
  • Insurance Expense $2,723
  • Water Sewer Expense $1,229
  • Operating Expense $6,052
  • Net Operating Income $68,348

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,175

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2.5
  • Transaction Broker: 2.5
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Living Room, Kitchen, Sunroom
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Electric Dryer Hookup
  • Basement: Interior Entry, Concrete, Unfinished
  • Living Area: 2608
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN0499
  • LIST PRICE PER Sq Ft: 508.05
  • PRICE PER Sq Ft: 504.22
  • MAIN SO: BB3298

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Dead End
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Cooling: Central Air
  • Heating: Central, Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Golf, Highway Access, Private School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1229

Lot Info

  • Parcel Number: 682821
  • Zoning: MR1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4000
  • Lot Size Units: Acres
  • PAGE: 288
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12174.62
  • Tax Book Number: 66314

Multi Family

  • Electric Expense: 120
  • Gross Income: 74400
  • Insurance Expense: 2723
  • Net Operating Income: 68348
  • Number Of Units Total: 2
  • Operating Expense: 6052
  • Total Actual Rent: 6200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: North
  • Elementary School: Underwood
  • Middle Or Junior School: Bigelow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2015
Sold by
Spence Margaret
Bought by
Stanzler Alan L
Current Estimated Value
$1,351,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,042
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Stanzler Alan L -- --
Stanzler Alan L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 25 Bennington St Rt $424,000
Closed 25 Bennington St Rt $372,000
Closed 25 Bennington St Rt $470,042
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $1,315,000 -0.8% $504 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $1,325,000 -- $508 / 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 $12,591 $1,284,800 $765,700 $519,100
2024 $12,175 $1,247,400 $743,400 $504,000
2023 $11,708 $1,150,100 $584,800 $565,300
2022 $11,203 $1,064,900 $541,500 $523,400
2021 $10,513 $977,000 $496,800 $480,200
2020 $10,200 $977,000 $496,800 $480,200
2019 $9,542 $913,100 $464,300 $448,800
2018 $8,883 $821,000 $439,900 $381,100
2017 $7,345 $660,500 $403,600 $256,900
2016 $6,252 $549,400 $370,300 $179,100
2015 $5,962 $513,500 $346,100 $167,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73196251

MLS Property Information Network (MLS PIN)

APN: NEWT-000012-000021-000008