NOT LISTED FOR SALE

Estimated Value: $359,848

12 Beds
5 Baths
5,153 Sq Ft
$70/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $315,000 $61 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,961/month

127 Days on Market

Highlights

  • Medical Services
  • Granite Flooring
  • Jogging Path
  • City View
  • Property is near public transit
  • Park

About This Home

As of July 2022

INCOME PRODUCING 5 Unit, North End New Bedford! This unique property features 2 ground level store fronts and 1 residential (2 bedroom apartment) on the 1st floor as well as two FIVE BEDROOM apartments, one on the 2nd floor and the other on the 3rd floor. 3rd floor tenant is on a lease, others are tenant at will. Large units with closets and good sized bedrooms. Bonus features include: large backyard for shared use. The property is directly off of 2 major highways with easy access points to grocery stores, parks, and many other amenities the area has to offer! This is a huge investment opportunity!! Don't miss out on your chance to view this high income producing property! Property to be sold in "as is" condition.

Last Agent to Sell the Property

Ronald Oliveira

RE/MAX Vantage Listed on: 02/09/2022

RE/MAX Vantage

Last Buyer's Agent

Katherine Hebert

KAM Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,588

Year Built

  • Built in 1892

Lot Details

  • 3,846 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 5,153 Sq Ft Home
  • Insulated Windows
  • City Views
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit

Utilities

  • 5 Heating Zones
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,550
  • Assessor Parcel Number M:0093 L:0074,2898519

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,588

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1892
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Vinyl,Carpet
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 12
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 5153
  • Stories Total: 7
  • Window Features: Insulated Windows
  • MAIN LO: AN3217
  • LIST PRICE PER Sq Ft: 77.62
  • PRICE PER Sq Ft: 61.13
  • MAIN SO: FR0227

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone, Granite
  • Road Frontage Type: Public
  • Roof: Shingle
  • View: City View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access

Lot Info

  • Parcel Number: M:0093 L:0074,2898519
  • Zoning: MUB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3846
  • Lot Size Units: Acres
  • PAGE: 62

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3587.52
  • Tax Book Number: 9140

Multi Family

  • Gross Income: 40200
  • Net Operating Income: 40200
  • Number Of Units Total: 5
  • Total Actual Rent: 3550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2008
Sold by
303-307 Coggeshall St
Bought by
Demelo Liberio
Current Estimated Value
$359,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 1994
Sold by
Compass Bk Sav
Bought by
Demelo Liberio R

Purchase Details

Closed on
Jul 29, 1994
Sold by
Compass Bk Svgs
Bought by
Medeiros Amadeu G and Medeiros Maria E

Purchase Details

Closed on
Aug 27, 1990
Sold by
Correia Alvaro P
Bought by
Arruda Mark A
Source: Public Records

Range of Values:

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Average Value
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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
Demelo Liberio -- --
Demelo Liberio -- --
Demelo Liberio R $48,000 --
Demelo Liberio R $48,000 --
Medeiros Amadeu G $48,000 --
Medeiros Amadeu G $48,000 --
Arruda Mark A $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Robert $850,000
Closed Correia Alvaro $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $315,000 -21.3% $61 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $400,000 -- $78 / 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 -- $415,400 $112,700 $302,700
2024 -- $369,800 $94,700 $275,100
2023 $0 $312,800 $78,900 $233,900
2022 $0 $260,600 $75,200 $185,400
2021 $0 $226,600 $71,400 $155,200
2020 $0 $222,000 $71,400 $150,600
2019 $0 $227,700 $71,400 $156,300
2018 $0 $219,600 $71,400 $148,200
2017 -- $220,100 $71,400 $148,700
2016 -- $218,900 $67,600 $151,300
2015 -- $218,900 $67,600 $151,300
2014 -- $230,800 $71,400 $159,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72940861

MLS Property Information Network (MLS PIN)

APN: NEWB-000093-000000-000074