NOT LISTED FOR SALE

303 Water St Unit 305 Indian Orchard, MA 01151

Estimated Value: $282,658 - $352,000

4 Beds
2 Baths
1,344 Sq Ft
$240/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $315,000 $234 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,155/month

34 Days on Market

Highlights

  • Public Water Access
  • Waterfront
  • Enclosed patio or porch
  • Scenic Views
  • Property is near public transit
  • Park

About This Home

As of June 2023

The perfect opportunity is here! Freshly updated this beautiful two family is the perfect investment property for an owner occupant or investor. Both units feature beautiful granite in the kitchen, and a new stainless-steel range and refrigerator in the vacant unit. The bathrooms in the units have gorgeous new tiling and vanity. The units are freshly painted with a light and neutral color scheme that compliments the wood laminate flooring perfectly. In the spacious bedrooms you will find new carpeting and ample closet space. The front of the property provides a beautiful view of the Chicopee River with benches for seating. Relaxation at its finest! One unit is being sold with a tenant in place. Vacant unit provides a garage. Property has new siding and vinyl replacement windows. Don't wait, schedule your showing today!

Last Agent to Sell the Property

Laurie Palatino

Hampden Realty Center, LLC Listed on: 03/14/2023

Last Buyer's Agent

Josbel Nazario

Signature Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,839

Year Built

  • Built in 1915

Lot Details

  • 9,405 Sq Ft Lot
  • Waterfront
  • Level Lot
  • Cleared Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • 1,344 Sq Ft Home
  • Property has 2 Levels
  • Scenic Vista Views
  • Washer Hookup

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Public Water Access
  • Enclosed patio or porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $1,150
  • Assessor Parcel Number S:12040 P:0059,2610939

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $13,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,839

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1915
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Carpet,Wood Laminate, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops), Unit 2(Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops)
  • Fireplace YN: No
  • Appliances: Unit 1(Refrigerator - ENERGY STAR,Range - ENERGY STAR), Oil Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Living Area: 1344
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN1090
  • LIST PRICE PER Sq Ft: 223.2
  • PRICE PER Sq Ft: 234.38
  • MAIN SO: AN1364

Exterior Features

  • Construction Materials: Stone
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Waterfront, River, Public
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Washer Hookup
  • Cooling: None
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:12040 P:0059,2610939
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9405
  • Lot Size Units: Acres
  • PAGE: 289
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2839
  • Tax Book Number: 24699

Multi Family

  • Gross Income: 13800
  • Net Operating Income: 13800
  • Number Of Units Total: 2
  • Total Actual Rent: 1150
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2023
Closed on
Jun 5, 2023
Sold by
Targaryen Rt and Kirchner
Bought by
Torres Jennyfer and Torres Raymond
Seller's Agent
Laurie Palatino
Hampden Realty Center, LLC
Buyer's Agent
Josbel Nazario
Signature Realty
List Price
$299,987
Sold Price
$315,000
Premium/Discount to List
$15,013
5%
Views
357
Current Estimated Value
$338,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,779
Avg. Annual Appreciation
1.10%
Original Mortgage
$309,294
Outstanding Balance
$302,325
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$20,340

Purchase Details

Closed on
Aug 25, 2022
Sold by
Welcz Joseph M
Bought by
Targaryen Rt and Kirchner

Purchase Details

Closed on
Aug 10, 1992
Sold by
Lustofin Steven F
Bought by
Welze Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage
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
Torres Jennyfer $315,000 None Available
Targaryen Rt $135,000 None Available
Welze Joseph M $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Jennyfer $309,294
Previous Owner Lustofin Steven F $81,000
Previous Owner Lustofin Steven F $75,000
Previous Owner Lustofin Steven F $83,200
Previous Owner Lustofin Steven F $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Sold $315,000 +5.0% $234 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $299,987 0.0% $223 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $299,987 -- $223 / 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 $3,595 $229,300 $45,700 $183,600
2024 $3,411 $212,400 $42,800 $169,600
2023 $2,839 $166,500 $35,100 $131,400
2022 $2,437 $129,500 $32,800 $96,700
2021 $2,353 $124,500 $29,800 $94,700
2020 $2,264 $115,900 $29,800 $86,100
2019 $2,143 $108,900 $30,800 $78,100
2018 $2,066 $105,000 $30,800 $74,200
2017 $2,186 $111,200 $26,200 $85,000
2016 $1,767 $89,900 $26,200 $63,700
2015 $1,711 $87,000 $26,200 $60,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73087401

MLS Property Information Network (MLS PIN)

APN: SPRI-012040-000000-000059