NOT LISTED FOR SALE

Estimated Value: $710,178

10 Beds
5 Baths
3,553 Sq Ft
$200/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $650,000 $183 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,438/month

34 Days on Market

Highlights

  • Medical Services
  • 5-minute walk to Lowell
  • Coin Laundry
  • Property is near public transit
  • Shops
  • 4-minute walk to Armory Park

About This Home

As of January 2024

Well managed apartment home offering ten one-bedroom units. Three of the ten have private baths and one of those units has an additional room. All units offer kitchenettes. Two full baths are shared among the other seven units. Excellent cash flow and conveniently located across from the Owl Diner and next to Durkins, walking distance to the new courthouse. Landlord pays utilities. Parking for 3 cars behind the building and 2 on street spaces with permit.

Last Agent to Sell the Property

Paul Brouillette

LAER Realty Partners Listed on: 11/16/2023

LAER Realty Partners

Last Buyer's Agent

Ticiana Townsend

RE/MAX American Dream

RE/MAX American Dream

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,710

Year Built

  • Built in 1900

Lot Details

  • 4,613 Sq Ft Lot
  • Level Lot

Home Design

  • 3,553 Sq Ft Home
  • Stone Foundation
  • Frame Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $7,450
  • Rent includes unit 1(heat electric hot water), unit 2(heat electric hot water), unit 3(heat electric hot water), unit 4(heat electric hot water)
  • Assessor Parcel Number M:161 B:195 L:266,3187500

Community Details

Overview

  • 10 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $3,505
  • Insurance Expense $1,000
  • Water Sewer Expense $1,555
  • Operating Expense $20,255
  • Net Operating Income $69,145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,710

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - Rooming House
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1.75
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Kitchen), Unit 2 Rooms(Kitchen)
  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Living Area: 3553
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 196.99
  • PRICE PER Sq Ft: 182.94
  • MAIN SO: AN4624

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Hot Water), Unit 2(Heat,Electric,Hot Water), Unit 3(Heat,Electric,Hot Water), Unit 4(Heat,Electric,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1555

Lot Info

  • Parcel Number: M:161 B:195 L:266,3187500
  • Zoning: UMU
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4613
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7710
  • Tax Book Number: 0

Multi Family

  • Electric Expense: 3505
  • Gross Income: 89400
  • Insurance Expense: 1000
  • Net Operating Income: 69145
  • Number Of Units Total: 10
  • Operating Expense: 20255
  • Total Actual Rent: 7450
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2025
Sold by
142 Concord Street Llc
Bought by
266 Llc
Current Estimated Value
$710,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$797,139
Interest Rate
6.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 8, 2019
Sold by
Brouillette Ft and Brouillette
Bought by
253 North Real Est Ventrs

Purchase Details

Closed on
Mar 12, 2003
Sold by
266 Rt and Donahue
Bought by
Brouillette Tr Bernard P and Brouillette Ft
Source: Public Records

Range of Values:

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Average Value
Not Available
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
266 Llc -- None Available
266 Llc -- None Available
253 North Real Est Ventrs -- --
253 North Real Est Ventrs -- --
253 North Real Est Ventrs -- --
Brouillette Tr Bernard P -- --
Brouillette Tr Bernard P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 266 Llc $800,000
Closed 266 Llc $800,000
Previous Owner 142 Concord Street Llc $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $650,000 -7.1% $183 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
12/14/2023 12/14/23 Price Changed $699,900 -6.7% $197 / Sq Ft
12/11/2023 12/11/23 Price Changed $749,900 -16.7% $211 / Sq Ft
11/16/2023 11/16/23 For Sale $899,900 -- $253 / 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 $6,176 $538,000 $273,900 $264,100
2024 $7,840 $658,300 $287,500 $370,800
2023 $7,710 $620,800 $250,000 $370,800
2022 $6,256 $493,000 $178,000 $315,000
2021 $5,827 $432,900 $155,000 $277,900
2020 $5,784 $432,900 $155,000 $277,900
2019 $5,150 $366,800 $155,000 $211,800
2018 $4,895 $354,400 $155,000 $199,400
2017 $4,856 $325,500 $155,000 $170,500
2016 $4,707 $310,500 $140,000 $170,500
2015 $4,392 $283,700 $140,000 $143,700
2013 $3,990 $265,800 $160,000 $105,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73178611

MLS Property Information Network (MLS PIN)

APN: LOWE-000161-000195-000266