Seller's Agent in 2015
Benjamin Virga
Bridgestone Properties, LLC
(857) 342-0644
15 Total Sales
27 W Cottage St Dorchester, MA 02125
Dudley-Brunswick King NeighborhoodEstimated Value: $885,000 - $958,000
6
Beds
6
Baths
4,676
Sq Ft
$197/Sq Ft
Est. Value
About This Home
As of June 2015Finally an Investment Property where maintenance & repairs are taken out of the equation!!! This package sale of 2 attached 3 Families w/ all 6 Units on Master Lease with high profile local non profit. This master lease runs through 2/28/2023 with another 10 yr option attached & provides for Landlord to be responsible for only taxes & insurance & none of the daily maintenance issues associated w/ properties such as these. These master leases provide ownership a reduction of 22.5-25% off of normal operating expenses while providing the owner with a zero vacancy factor as all 6 Units rents are paid by the non profit in 1 lump check every month. There are provisions in place for annual increases for all units & the rents are based on the FMR listed by HUD annually. Units 2 & 3 on both 27 & 29 W Cottage are really 2 bed units converted to 1 beds for this specific tenancy & can easily converted back to that status when/if the Master Lease process ends in either 8 or 18 years.
Property Details
Home Type
Multi-Family
Year Built
1905
Lot Details
0
Listing Details
- Lot Description: Other (See Remarks)
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 3
- Year Built: 1905
Interior Features
- Has Basement: Yes
- Number of Rooms: 11
- Basement: Full
Exterior Features
- Foundation: Other (See Remarks)
Garage/Parking
- Parking Spaces: 0
Utilities
- Hot Water: Natural Gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2015
Closed on
Jun 12, 2015
Sold by
Dalin Multi Family Fun
Bought by
K & Z Leasing Llc
Seller's Agent
Benjamin Virga
Bridgestone Properties, LLC
Buyer's Agent
Danielle O'Brien
Parkway Real Estate, LLC
List Price
$1,000,000
Sold Price
$985,000
Premium/Discount to List
-$15,000
-1.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,000
Avg. Annual Appreciation
-0.65%
Original Mortgage
$785,000
Outstanding Balance
$605,825
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$314,175
Purchase Details
Closed on
Jan 17, 2013
Sold by
First Atlantic Props L
Bought by
Jamabm Llc
Purchase Details
Closed on
Sep 14, 2010
Sold by
Browning Robert J and Sovereign Bk
Bought by
Sovereign Bk
Purchase Details
Closed on
Oct 2, 2007
Sold by
Silveira Lucia
Bought by
Browning Robert J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,312
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 17, 2007
Sold by
Deutsche Bank Natl T C
Bought by
Silveira Lucia
Purchase Details
Closed on
Mar 8, 2006
Sold by
Meritage Mtg Corp and Mtg Electronic Registr
Bought by
Deutsche Bank T Co
Purchase Details
Closed on
Mar 1, 2005
Sold by
Iglesias Carlos E
Bought by
Smith Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 15, 2003
Sold by
Rahman Salim A
Bought by
Iglesias Carlos E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,910
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 5, 1992
Sold by
Inves Residential Mtg
Bought by
Velasquez Carmen J
Purchase Details
Closed on
Jan 24, 1990
Sold by
Milien Linda
Bought by
Investors Residential
Purchase Details
Closed on
Mar 22, 1988
Sold by
Guenthner John J
Bought by
Milien Linda
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| K & Z Leasing Llc | $985,000 | -- | |
| Jamabm Llc | $200,000 | -- | |
| Sovereign Bk | $81,961 | -- | |
| Browning Robert J | $356,250 | -- | |
| Silveira Lucia | $225,000 | -- | |
| Deutsche Bank T Co | $370,600 | -- | |
| Smith Robert | $429,000 | -- | |
| Iglesias Carlos E | $329,900 | -- | |
| Velasquez Carmen J | $52,000 | -- | |
| Investors Residential | $153,700 | -- | |
| Milien Linda | $169,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | K & Z Leasing Llc | $785,000 | |
| Previous Owner | Browning Robert J | $274,312 | |
| Previous Owner | Smith Robert | $343,200 | |
| Previous Owner | Milien Linda | $296,910 | |
| Previous Owner | Milien Linda | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2015 06/12/15 | Sold | $985,000 | -1.5% | $211 / Sq Ft |
| 05/13/2015 05/13/15 | Pending | -- | -- | -- |
| 03/20/2015 03/20/15 | For Sale | $1,000,000 | -- | $214 / 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 | $6,721 | $580,400 | $176,500 | $403,900 |
| 2024 | $5,512 | $505,700 | $125,000 | $380,700 |
| 2023 | $4,850 | $451,600 | $111,600 | $340,000 |
| 2022 | $4,771 | $438,500 | $108,400 | $330,100 |
| 2021 | $4,373 | $409,800 | $101,300 | $308,500 |
| 2020 | $4,175 | $395,400 | $90,400 | $305,000 |
| 2019 | $3,624 | $343,800 | $56,500 | $287,300 |
| 2018 | $3,217 | $307,000 | $56,500 | $250,500 |
| 2017 | $3,010 | $284,200 | $56,500 | $227,700 |
| 2016 | $2,718 | $247,100 | $56,500 | $190,600 |
| 2015 | $2,816 | $232,500 | $77,900 | $154,600 |
| 2014 | -- | $225,600 | $77,900 | $147,700 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Virga
-
Danielle O'Brien
Buyer's Agent in 2015
Danielle O'Brien
Parkway Real Estate, LLC
(857) 400-9078
53 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71804074
APN: ROXB-000000-000008-003182
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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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