NOT LISTED FOR SALE

3-5 Payne Rd Newton Highlands, MA 02461

Newton Highlands Neighborhood

Estimated Value: $1,149,000 - $1,442,884

4 Beds
2 Baths
2,733 Sq Ft
$474/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $975,000 $357 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,765/month

About This Home

As of December 2021

HUGE PRICE REDUCTION!! Welcome to Newton Highlands! Own one of these hard to find brick style duplex with 2 car garage. This townhouse style home has many updated features/utilities. Each unit has 2 bedrooms and a full bathroom with potential for 3rd bedroom. You can find granite countertops in both units with hardwood floor throughout. Semi-finished basement allows for extra living space. Unit 2 was completely gutted and remodeled 2 years ago. Unit #1 is gas heating & Unit #2 is oil heating. Plenty of off street parking in the large driveway along with street parking. The dining room opens up to the living room for an open layout feel. Each unit has its own separate entrances, exits, and basements with laundry. Conveniently located near Crystal Lake, Newton South High School, Wegmans, Shops, Restaurants, and highway access. Tenants are currently paying under market rent. This turn-key home is perfect for investor or owner-occupancy. Lead compliance certificates for both units

Last Agent to Sell the Property

Jeffrey Huang

MP Signature Realty LLC Listed on: 11/05/2021

Last Buyer's Agent

Shahani Real Estate Team

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,707

Year Built

  • 1947

Lot Details

  • 7,841

Parking

  • 2

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,707

Year Built

1947

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: see mapquest
  • Garage Yn: Yes
  • Road Frontage Type: Public, Dead End
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1947

Interior Features

  • Appliances: Unit 1(Range,Refrigerator,Washer / Dryer Combo), Unit 2(Range,Refrigerator,Washer / Dryer Combo), Oil Water Heater
  • Has Basement: Partially Finished, Walk-Out Access, Concrete
  • Total Bathrooms: 2
  • MAIN LO: AN4267
  • LIST PRICE PER Sq Ft: 365.86
  • PRICE PER Sq Ft: 356.75
  • MAIN SO: AN2383
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Walk-In Closet,Bathroom With Tub), Unit 2(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Walk-In Closet,Bathroom With Tub), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 4

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Disclosures: Buyers Use Due Diligence. Both Units Occupied. Brand New Sump Pumps. Brand New Dishwasher In Garage For #3.
  • Home Warranty: No
  • Lot Features: Corner Lot
  • Patio And Porch Features: Deck - Composite
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 2800

Schools

  • Elementary School: Bowen
  • High School: Newton South
  • Middle Or Junior School: Oak Hill

Lot Info

  • LOT SIZE: 7814
  • PAGE: 542
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7840.799999
  • Zoning: MR1

Multi Family

  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1
  • Annual Gross Income: 26400
  • Insurance Expense: 1500
  • Property Net Operating Income: 26400
  • Number Of Units Total: 2
  • Annual Operating Expense: 4300
  • Total Actual Rent: 4800

Tax Info

  • Tax Annual Amount: 10502
  • Tax Block: 029
  • Tax Book Number: 63320
  • Tax Lot: 0044
  • Tax Map Number: 52
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 29, 2021
Sold by
Lian-Huang Carlene C and Diep Ha
Bought by
Mo Realty Llc
Seller's Agent
Jeffrey Huang
MP Signature Realty LLC
Buyer's Agent
Shahani Real Estate Team
Compass
List Price
$999,900
Sold Price
$975,000
Premium/Discount to List
-$24,900
-2.49%
Current Estimated Value
$1,296,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,221
Avg. Annual Appreciation
7.91%
Original Mortgage
$682,500
Outstanding Balance
$629,009
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$667,212

Purchase Details

Listed on
Dec 16, 2013
Closed on
Feb 28, 2014
Sold by
Martin Marion R
Bought by
Huang Carlene C
Seller's Agent
Mary Ann Figoni
Centre Realty Group
Buyer's Agent
Kate Kittipanthopas
Lux Realty, LLC
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$378,000
Interest Rate
4.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Mo Realty Llc $975,000 None Available
Mo Realty Llc $975,000 None Available
Huang Carlene C $630,000 --
Huang Carlene C $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mo Realty Llc $682,500
Closed Mo Realty Llc $682,500
Previous Owner Huang Carlene C $378,000
Previous Owner Huang Carlene C $102,000
Previous Owner Huang Carlene C $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $975,000 -2.5% $357 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $999,900 +58.7% $366 / Sq Ft
02/28/2014 02/28/14 Sold $630,000 -6.7% $315 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
12/16/2013 12/16/13 For Sale $675,000 -- $337 / 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 $10,707 $1,092,600 $654,400 $438,200
2024 $10,353 $1,060,800 $635,300 $425,500
2023 $9,948 $977,200 $512,800 $464,400
2022 $11,192 $1,063,900 $474,800 $589,100
2021 $10,503 $976,100 $435,600 $540,500
2020 $10,190 $976,100 $435,600 $540,500
2019 $9,532 $912,200 $407,100 $505,100
2018 $8,207 $758,500 $382,000 $376,500
2017 $7,738 $695,900 $350,500 $345,400
2016 $7,265 $638,400 $321,600 $316,800
2015 $6,927 $596,600 $300,600 $296,000
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Huang

    Seller's Agent in 2021

    Jeffrey Huang

    MP Signature Realty LLC

    (781) 363-6999

    1 in this area

    28 Total Sales

    Jeffrey Huang
    Section Image
  • Mary Ann Figoni

    Seller's Agent in 2014

    Mary Ann Figoni

    Centre Realty Group

    (781) 223-5151

    1 in this area

    27 Total Sales

    Mary Ann Figoni
    Section Image

  • K

    Buyer's Agent in 2014

    Kate Kittipanthopas

    Lux Realty, LLC

    (617) 501-4892

    11 Total Sales

    Kate Kittipanthopas
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72917139

MLS Property Information Network (MLS PIN)

APN: NEWT-000052-000029-000044

Massachusetts Middlesex County Newton Highlands 02459 Newton Highlands

3-5 Payne Rd, Newton Highlands, MA

This home is located at 3-5 Payne Rd, Newton Highlands, MA 02461 since 05 November 2021 and is currently estimated at $1,296,221, approximately $474 per square foot. This property was built in 1947. 3-5 Payne Rd is a home located in Middlesex County with nearby schools including Bowen School, Mason Rice Elementary School, and Charles E Brown Middle School.

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