Seller's Agent in 2021
Greg Martin
Move Forward Real Estate
(774) 266-0693
2 in this area
44 Total Sales
317 Silver St Boston, MA 02127
South Boston NeighborhoodEstimated Value: $1,287,000 - $1,613,000
5
Beds
4
Baths
2,370
Sq Ft
$615/Sq Ft
Est. Value
Highlights
- Marina
- Deck
- Wood Flooring
- Waterfront
- Property is near public transit
- Corner Lot
About This Home
As of September 2021317 Silver Street is an outstanding asset in South Boston available for sale for the first time in nearly 20 years. This multi-unit building generates strong annual income. The property has been well maintained and can be a strong addition to anyone’s portfolio. There are multiple strategies that could be a good fit for this property’s future. 1. Buy & Hold. Grow the cash flow and ride the appreciation wave 2. Renovate and expand and increase rents or convert and sell as condos. 3. Owner occupied investor, house-hacking. Live in one unit, rent the rest and enjoy low overhead. The Location is the undeniable, steps to the bus stop and only 7 tenths of a mile to the Red Line Broadway train station. We’re also one street away from the some of the most entertaining restaurants on Broadway Street.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,132
Year Built
- Built in 1890
Lot Details
- 1,307 Sq Ft Lot
- Waterfront
- Corner Lot
Home Design
- Brick Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,370 Sq Ft Home
- Insulated Windows
- Partially Finished Basement
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Utilities
- Cooling Available
- 3 Heating Zones
- Heating Available
- Separate Meters
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $8,800
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number W:06 P:01923 S:000,1412438
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Marina
- Jogging Path
Building Details
- Electric Expense $866
- Insurance Expense $4,082
- Water Sewer Expense $1,153
- Operating Expense $23,333
- Net Operating Income $81,805
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2021
Closed on
Sep 30, 2021
Sold by
Walsh Thomas E
Bought by
Sullivan Richard F
Seller's Agent
Greg Martin
Move Forward Real Estate
Buyer's Agent
Daniel Resop
William Raveis R.E. & Home Services
List Price
$1,490,000
Sold Price
$1,350,000
Premium/Discount to List
-$140,000
-9.4%
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
$193,144
Avg. Annual Appreciation
1.75%
Original Mortgage
$700,000
Outstanding Balance
$645,703
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$812,094
Purchase Details
Closed on
Jul 3, 2003
Sold by
Chowdhury Mohd
Bought by
Walsh Thomas E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 10, 1997
Sold by
Crown Group T 2
Bought by
Willis James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
7.55%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 26, 1988
Sold by
Eckler Richard J
Bought by
Coughlin Timothy P
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sullivan Richard F | $1,350,000 | None Available | |
| Walsh Thomas E | $450,000 | -- | |
| Willis James | $185,000 | -- | |
| Crown Group T | $122,000 | -- | |
| Coughlin Timothy P | $153,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sullivan Richard F | $700,000 | |
| Previous Owner | Coughlin Timothy P | $405,000 | |
| Previous Owner | Coughlin Timothy P | $138,750 | |
| Previous Owner | Coughlin Timothy P | $138,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $1,350,000 | -9.4% | $570 / Sq Ft |
| 07/08/2021 07/08/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $1,490,000 | 0.0% | $629 / Sq Ft |
| 06/28/2021 06/28/21 | Pending | -- | -- | -- |
| 06/11/2021 06/11/21 | For Sale | $1,490,000 | -- | $629 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $14,700 | $1,269,400 | $407,500 | $861,900 |
| 2024 | $13,174 | $1,208,600 | $292,100 | $916,500 |
| 2023 | $12,481 | $1,162,100 | $280,800 | $881,300 |
| 2022 | $11,542 | $1,060,800 | $250,700 | $810,100 |
| 2021 | $10,780 | $1,010,300 | $238,800 | $771,500 |
| 2020 | $10,132 | $959,500 | $260,700 | $698,800 |
| 2019 | $9,195 | $872,400 | $183,300 | $689,100 |
| 2018 | $8,541 | $815,000 | $183,300 | $631,700 |
| 2017 | $8,217 | $775,900 | $183,300 | $592,600 |
| 2016 | $7,422 | $674,700 | $183,300 | $491,400 |
| 2015 | $6,343 | $523,800 | $138,100 | $385,700 |
| 2014 | $5,728 | $455,300 | $138,100 | $317,200 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Martin
-
Daniel Resop
Buyer's Agent in 2021
Daniel Resop
William Raveis R.E. & Home Services
(617) 266-5200
11 in this area
102 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72848536
APN: SBOS-000000-000006-001923
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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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