NOT LISTED FOR SALE

Estimated Value: $198,635 - $310,000

9 Beds
3 Baths
2,588 Sq Ft
$98/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $125,000 $48 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,703/month

15 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Porch
  • Attic
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2020

This is an opportunity to own a large, turn key 3-family with 11% CAP rate + 24+% ROI. There are (2) larger, 3 bed/1 bath apartments on the 1st and 2nd floor and a larger 2 bed/1 bath on the 3rd floor – all units are 100% occupied with tenants. There are washer/dryer hook-ups and some unit updates throughout (kitchens, baths). The siding, windows and roof are in average condition. Utilities are separate and tenant paid – with updated electrical to circuit breakers. Heat, hot water and cooking are a combo of gas and electric. There is off-street parking available. Value add = update units + increase rents for a 13+% CAP rate. This is a low maintenance option to start investing or to add to your portfolio. This property can be purchased with a 3 family next door at 23 Beacon St.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 07/02/2020

Oxford Realty

Last Buyer's Agent

Robert Levine

ERA Hart Sargis-Breen License #REB.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,929

Year Built

  • Built in 1888

Lot Details

  • 6,098

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Masonry

Interior Spaces

  • 2,588 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Private Driveway
  • Unpaved Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • 6,098 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,929

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2588
  • Public Record Living Room Sq Ft: 2588
  • Total Sq Ft: 2588
  • Year Built: 1888
  • Nearby Amenities: Commuter Bus, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Burton St to Beacon St OR Crown St to Beacon
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Off Street Parking
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 26400
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 2929
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1376800

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 14, 2020
Sold by
Nutmeg State Homes Llc
Bought by
Beacon Street Apt Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Robert Levine
ERA Hart Sargis-Breen
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
$253,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,409
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
May 29, 2014
Sold by
Nutmeg State Homes Llc
Bought by
Mazziotte Maria E

Purchase Details

Closed on
Sep 3, 2013
Sold by
Fnma
Bought by
Nutmeg State Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2013
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 7, 2008
Sold by
Osa Enterprises Llc
Bought by
Mejia Danny

Purchase Details

Closed on
Mar 17, 2008
Sold by
Ocwen Loan Servicing L
Bought by
Osa Enterprises Llc and Paulco Realty Llc

Purchase Details

Closed on
May 31, 2006
Sold by
Lunger Israel
Bought by
Bernard Christain

Purchase Details

Closed on
Dec 2, 2004
Sold by
Adams 9 Llc
Bought by
Longer Israel

Purchase Details

Closed on
Mar 29, 2004
Sold by
Middlebury Investment
Bought by
Breince Justin
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 Buyer Sale Price Title Company
Beacon Street Apt Llc $125,000 None Available
Mazziotte Maria E -- --
Guerrera Tr Robert J -- --
Nutmeg State Homes Llc $33,000 --
Federal National Mortgage Association -- --
Citimortgage Inc -- --
Mejia Danny $237,000 --
Osa Enterprises Llc $47,000 --
Bernard Christain $200,000 --
Longer Israel $110,000 --
Breince Justin $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Breince Justin $540,750
Previous Owner Breince Justin $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $125,000 -16.6% $48 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $149,900 -- $58 / Sq Ft
Source: SmartMLS

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 $4,417 $98,210 $10,500 $87,710
2024 $4,856 $98,210 $10,500 $87,710
2023 $5,322 $98,210 $10,500 $87,710
2022 $2,929 $48,640 $10,500 $38,140
2021 $2,929 $48,640 $10,500 $38,140
2020 $2,929 $48,640 $10,500 $38,140
2019 $2,929 $48,640 $10,500 $38,140
2018 $2,929 $48,640 $10,500 $38,140
2017 $1,995 $33,130 $10,500 $22,630
2016 $1,995 $33,130 $10,500 $22,630
2015 $1,929 $33,130 $10,500 $22,630
2014 $1,988 $34,140 $10,500 $23,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170312326

SmartMLS

APN: WATE-000217-000172-000045