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Seller's Agent in 2017
Nick Spagnola
Centre Realty Group
282 Revere St Revere, MA 02151
West Revere NeighborhoodEstimated Value: $4,006,096
26
Beds
11
Baths
8,500
Sq Ft
$471/Sq Ft
Est. Value
About This Home
As of April 2017CALLING ALL INVESTORS! REVERE MULTIFAM! 11 UNITS 7 PARKING SPOTS! Incredible Brick Building boasting modern upgrades throughout with MAJOR UPSIDE POTENTIAL! The building consists (3) 3 bedroom units (6) 2 bed units, (1) 5 bedroom unit and (1) commercial unit! The building has been renovated with beautiful oak hardwood floors throughout, granite kitchen counters, ss. appliances and modern baths! All utilities are separate and the tenants pay their for their own usage! Current gross rental income is just over $197,000 per year with major upside potential to increase rents! Located steps from major transportation routes, easy access to Revere Beach, Wonderland Station (Blue Line) and downtown Boston.
Last Agent to Sell the Property
Nick Spagnola
Centre Realty Group Listed on: 10/12/2016
Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
0
Listing Details
- Lot Description: Paved Drive
- Property Type: Multi-family
- Other Agent: 2.00
- Lead Paint: Certified Treated, Unknown
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 24
- Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Other (See Remarks)
- Basement: Full
- Total Levels: 4
Exterior Features
- Roof: Rubber
- Construction: Frame, Other (See Remarks)
- Foundation: Fieldstone, Brick, Other (See Remarks)
- Beach: Ocean
- Beach Ownership: Public
Garage/Parking
- Garage Spaces: 1
- 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: 11
Lot Info
- Zoning: Res
Multi Family
- Total Bedrooms: 26
- Total Floors: 10
- Total Full Baths: 10
- Total Half Baths: 1
- Total Levels: 3
- Total Rms: 46
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2016
Closed on
Apr 12, 2017
Sold by
Oak Hill Park Llc
Bought by
Touro 1 Llc
Seller's Agent
Nick Spagnola
Centre Realty Group
Buyer's Agent
Joseph Butler
The Carlin Company
List Price
$2,600,000
Sold Price
$2,300,000
Premium/Discount to List
-$300,000
-11.54%
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
$1,706,096
Avg. Annual Appreciation
6.37%
Original Mortgage
$1,610,000
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 30, 2011
Sold by
Revere Street Rt and Flammer
Bought by
Revere Ventures Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.1%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Touro 1 Llc | $2,300,000 | -- | |
| Revere Ventures Llc | $450,000 | -- | |
| Revere Ventures Llc | $450,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Touro I Llc | $1,600,000 | |
| Closed | Touro 1 Llc | $1,610,000 | |
| Previous Owner | Oak Hill Park Llc | $2,775,000 | |
| Previous Owner | Oak Hill Park Llc | $1,350,000 | |
| Previous Owner | Oak Hill Park Llc | $980,000 | |
| Previous Owner | Revere Ventures Llc | $450,000 | |
| Previous Owner | Revere Ventures Llc | $425,000 | |
| Previous Owner | Daniels Rt | $145,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/13/2017 04/13/17 | Sold | $2,300,000 | -7.1% | $271 / Sq Ft |
| 02/18/2017 02/18/17 | Pending | -- | -- | -- |
| 02/01/2017 02/01/17 | Price Changed | $2,475,000 | -2.9% | $291 / Sq Ft |
| 01/03/2017 01/03/17 | Price Changed | $2,550,000 | -1.9% | $300 / Sq Ft |
| 10/12/2016 10/12/16 | For Sale | $2,600,000 | -- | $306 / 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 | -- | $1,063,400 | $259,500 | $803,900 |
| 2024 | -- | $1,055,200 | $235,900 | $819,300 |
| 2023 | $0 | $918,300 | $206,000 | $712,300 |
| 2022 | $0 | $767,200 | $196,600 | $570,600 |
| 2021 | $0 | $708,500 | $180,800 | $527,700 |
| 2020 | $0 | $657,900 | $173,000 | $484,900 |
| 2019 | $0 | $569,900 | $157,300 | $412,600 |
| 2018 | $0 | $536,100 | $155,700 | $380,400 |
| 2017 | $0 | $468,600 | $119,500 | $349,100 |
| 2016 | -- | $401,500 | $103,800 | $297,700 |
| 2015 | -- | $401,500 | $103,800 | $297,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Joseph Butler
Buyer's Agent in 2017
Joseph Butler
The Carlin Company
(339) 927-3205
3 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72080240
APN: REVE-000018-000324A-000010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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