NOT LISTED FOR SALE

27 Desmoines Rd Unit 29 Quincy, MA 02169

Quincy Point Neighborhood

Estimated Value: $862,000 - $1,126,000

8 Beds
4 Baths
3,684 Sq Ft
$270/Sq Ft Est. Value

Last Sold January 12, 2016

Last sale price $572,000 $155 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $6,030/month

88 Days on Market

About This Home

As of January 2016

Large 3+ Family home with great rental history and $5000+ Gross Rental Income a month. 2nd & 3rd floor (2) identical 3 BR units with eat in kitchen & heated enclosed back porch/sunroom. 1st fl currently used as a 3 room 1 BR unit (rented for $1200/month). Additional 2 room “studio style” rental perfect for office or storage with separate entrance, kitchenette and full bath. Potential for higher rental income. 2 separate driveways allow for plenty of parking. Each unit has a separate entrance. Fenced yard. Coin op washer & dryer adds addt'l monthly income. Steps to busline. Excellent opportunity for investor or owner occupied. Up and coming neighborhood.

Last Agent to Sell the Property

Madelene Cheney

Red Door Real Estate Listed on: 08/06/2015

Last Buyer's Agent

Madelene Cheney

Red Door Real Estate Listed on: 08/06/2015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,480

Year Built

1918

Lot Details

0

Listing Details

  • Lot Description: Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Insc: 3000
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 17
  • Amenities: Public Transportation, T-Station
  • Basement: Full, Walk Out, Interior Access
  • Full Bathrooms: 4
  • Total Levels: 3
  • Main Lo: AC0118
  • Main So: AC0118
  • Estimated Sq Ft: 3684.00

Exterior Features

  • Exterior: Vinyl
  • Foundation: Irregular, Other (See Remarks)

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 6

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Assessor Parcel Number: M:2083 B:29 L:13
  • Zoning: BUSB
  • Acre: 0.09
  • Lot Size: 4050.00

Multi Family

  • APOD Available: Yes
  • Appliances Common: Washer, Dryer
  • Foundation: 46x26
  • Heating Common: Hot Water Baseboard, Oil
  • Heat Units: 1
  • Total Bedrooms: 8
  • Total Floors: 7
  • Total Full Baths: 4
  • Total Levels: 3
  • Total Rms: 17
  • Multi Family Type: 3 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2015
Closed on
Jan 12, 2016
Sold by
Cheney Michael and Cheney Madelene
Bought by
Tuscany 27 Llc
Seller's Agent
Madelene Cheney
Red Door Real Estate
Buyer's Agent
Madelene Cheney
Red Door Real Estate
List Price
$619,000
Sold Price
$572,000
Premium/Discount to List
-$47,000
-7.59%
Current Estimated Value
$995,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$423,221
Avg. Annual Appreciation
5.77%
Original Mortgage
$429,000
Outstanding Balance
$339,365
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$655,856

Purchase Details

Closed on
Jul 17, 2012
Sold by
Cheney Michael
Bought by
Cheney Michael and Cheney Madelene

Purchase Details

Closed on
May 5, 2005
Sold by
Hamdi Jamal B
Bought by
Cheney Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Allie Sarah
Bought by
Hamdi Jamal B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tuscany 27 Llc $572,000 --
Cheney Michael -- --
Cheney Michael $536,000 --
Hamdi Jamal B $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tuscany 27 Llc $429,000
Previous Owner Cheney Michael $53,600
Previous Owner Cheney Michael $482,000
Previous Owner Hamdi Jamal B $323,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2016 01/12/16 Sold $572,000 -7.6% $155 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
08/06/2015 08/06/15 For Sale $619,000 0.0% $168 / Sq Ft
09/06/2014 09/06/14 Rented $1,700 -2.9% --
08/07/2014 08/07/14 Under Contract -- -- --
08/05/2014 08/05/14 For Rent $1,750 -- --
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 $9,480 $822,200 $254,500 $567,700
2024 $9,013 $799,700 $242,400 $557,300
2023 $8,268 $742,900 $220,400 $522,500
2022 $8,230 $687,000 $200,400 $486,600
2021 $8,001 $659,100 $200,400 $458,700
2020 $7,887 $634,500 $189,000 $445,500
2019 $7,787 $620,500 $175,000 $445,500
2018 $6,595 $494,400 $159,100 $335,300
2017 $6,695 $472,500 $151,500 $321,000
2016 $6,034 $420,200 $137,700 $282,500
2015 $5,903 $404,300 $129,900 $274,400
2014 $5,436 $365,800 $129,900 $235,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71885703

MLS Property Information Network (MLS PIN)

APN: QUIN-002083-000029-000013