NOT LISTED FOR SALE

Estimated Value: $1,434,000 - $2,072,000

9 Beds
4 Baths
3,043 Sq Ft
$606/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $2,017,500 $663 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $11,537/month

10 Days on Market

About This Home

As of June 2023

Centrally located in the heart of South Boston and 0.7 miles to Broadway Station and Andrew Station, the Property offers the rare opportunity to acquire an outstanding, turnkey core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a extensively renovated three-story building containing two units with one (1) 5-Bedroom/2-Bathroom unit and one (1) 4-Bedroom/2-Bathroom unit with 3,043 square feet of living area in 3,382 gross square feet on a 0.03-acre parcel. The Property is fully leased (with all units rented until 8/31/24) and has undergone a comprehensive renovation featuring condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems, tankless, Navien on-demand hot water systems, upgraded electrical service and new flooring throughout. First Tours - Friday - 12-4pm - By Appt. Only.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 03/20/2023

Last Buyer's Agent

Stephen McCarthy

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,658

Year Built

  • Built in 1890

Lot Details

  • 1,306

Home Design

  • Duplex
  • Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,043 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • Separate Meters
  • Gas Water Heater

Additional Features

  • Deck
  • 1,306 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $11,800
  • Assessor Parcel Number 1410410

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $26,839
  • Net Operating Income $114,761

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,658

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1890
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Sub Agent Compensation: 0
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Partial, Finished, Walk-Out Access
  • Living Area: 3043
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 673.68
  • PRICE PER Sq Ft: 663
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 1410410
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Size Sq Ft: 1306
  • Lot Size Units: Acres
  • PAGE: 99
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13658
  • Tax Book Number: 99

Multi Family

  • Gross Income: 141600
  • Net Operating Income: 114761
  • Number Of Units Total: 2
  • Operating Expense: 26839
  • Total Actual Rent: 11800
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Jun 1, 2023
Sold by
Parry Mark and Parry Steven
Bought by
271 West 5Th Street Llc
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
Stephen McCarthy
William Raveis R.E. & Home Services
List Price
$2,050,000
Sold Price
$2,017,500
Premium/Discount to List
-$32,500
-1.59%
Views
48
Current Estimated Value
$1,844,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,986
Avg. Annual Appreciation
-4.01%
Original Mortgage
$1,614,000
Outstanding Balance
$1,572,553
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,961

Purchase Details

Closed on
May 14, 2013
Sold by
Evelyn M Freemna Ret and Freemna
Bought by
Freemna Evelyn M

Purchase Details

Closed on
Jul 14, 2006
Sold by
Freeman Evelyn M
Bought by
Evelyn M Freeman Ret and Freeman
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
271 West 5Th Street Llc -- None Available
Freemna Evelyn M -- --
Evelyn M Freeman Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parry Mark $1,614,000
Previous Owner 870 East 5Th Llc $2,850,000
Previous Owner Freeman Evelyn M $150,000
Previous Owner Freeman Ethel M $50,000
Previous Owner Freeman Ethel M $20,000
Previous Owner Freeman Ethel Est $105,000
Previous Owner Freeman Ethel Est $66,100
Previous Owner Freeman Ethel Est $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $2,017,500 -1.6% $663 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $2,050,000 +203.7% $674 / Sq Ft
12/19/2017 12/19/17 Sold $675,000 -3.4% $295 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $699,000 -- $306 / 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 $17,833 $1,540,000 $395,600 $1,144,400
2024 $14,835 $1,361,000 $232,400 $1,128,600
2023 $13,533 $1,260,100 $215,200 $1,044,900
2022 $13,180 $1,211,400 $206,900 $1,004,500
2021 $7,720 $723,500 $202,800 $520,700
2020 $7,920 $750,000 $204,200 $545,800
2019 $7,256 $688,400 $153,400 $535,000
2018 $6,522 $622,300 $153,400 $468,900
2017 $6,275 $592,500 $153,400 $439,100
2016 $5,721 $520,100 $153,400 $366,700
2015 $5,225 $431,500 $139,600 $291,900
2014 $4,750 $377,600 $139,600 $238,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73089451

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000007-000832