M
Seller's Agent in 2024
Michael Masci
North Atlantic Realty Group
(774) 991-0906
19 Total Sales
347 Boston Ave Medford, MA 02155
Estimated Value: $1,399,000 - $2,004,000
9
Beds
3
Baths
3,771
Sq Ft
$468/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Sun or Florida Room
- Enclosed Patio or Porch
- Wood Flooring
- Mud Room
- Park
About This Home
As of June 2024Rare opportunity to own a 3-family house on Boston Ave, near Tufts University. This property has been cared for by the same owner for over 30 years and has an amazing rental history with Tufts Students. This property is currently fully rented with the leases expiring May 31st, 2024. The current rent is below market value, and the owner has received requests to rent for next semester for an increased rental fee. Each Unit contains 3 bedrooms, a living room, an eat-in kitchen, a pantry, and one full bathroom. Each unit also has access to a stackable washer/dryer in the basement, which is included in the sale. The building also has an unfinished attic walk-up, which could be used for future expansion. The first showings will be at the open house. Offers are due Monday (2/19) by noon. Appointments are required for all viewings, including the Open House. Please reach out to the listing agent to schedule a time slot for Sunday (2/17)!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,547
Year Built
- Built in 1910
Lot Details
- 4,500 Sq Ft Lot
- Irregular Lot
- Cleared Lot
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,771 Sq Ft Home
- Mud Room
- Sun or Florida Room
- Unfinished Basement
- Interior Basement Entry
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Enclosed Patio or Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Total Actual Rent $6,300
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:Q06 B:0007,642474
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
Building Details
- Insurance Expense $3,670
- Water Sewer Expense $1,957
- Operating Expense $14,410
- Net Operating Income $69,973
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 13, 2016
Sold by
Burns Ronald J and Burns Norma A
Bought by
Burns Real Estate Hldg
Current Estimated Value
Purchase Details
Closed on
Jan 20, 1983
Bought by
Burns Real Estate Hldgs
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 |
|---|---|---|---|
| Burns Real Estate Hldg | -- | -- | |
| Burns Real Estate Hldg | -- | -- | |
| Burns Real Estate Hldgs | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Burns Real Estate Hldgs | $145,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2024 06/07/24 | Sold | $1,870,000 | +24.7% | $496 / Sq Ft |
| 02/20/2024 02/20/24 | Pending | -- | -- | -- |
| 02/14/2024 02/14/24 | For Sale | $1,500,000 | -- | $398 / 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 | $11,277 | $1,281,500 | $413,300 | $868,200 |
| 2024 | $8,675 | $1,018,200 | $307,600 | $710,600 |
| 2023 | $8,547 | $988,100 | $287,500 | $700,600 |
| 2022 | $8,667 | $961,900 | $261,300 | $700,600 |
| 2021 | $8,442 | $897,100 | $248,900 | $648,200 |
| 2020 | $8,052 | $877,100 | $246,300 | $630,800 |
| 2019 | $7,805 | $813,000 | $212,100 | $600,900 |
| 2018 | $7,618 | $743,900 | $192,800 | $551,100 |
| 2017 | $7,038 | $666,500 | $180,200 | $486,300 |
| 2016 | $6,472 | $578,400 | $163,800 | $414,600 |
| 2015 | $6,172 | $527,500 | $156,000 | $371,500 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Masci
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73202119
APN: MEDF-000006-000000-Q000007
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.
Nearby Homes
- 122 Burget Ave
- 76 Orchard St
- 16 Hamilton Rd
- 9 Woods Ave
- 85 Marshall St
- 154 Summer St Unit 154
- 33 Conwell Ave
- 31 Fairfax St
- 44 Woods Ave Unit 44
- 21 High St
- 130 Auburn St
- 16 High St Unit 2
- 69 Sterling St
- 327 Alewife Brook Pkwy Unit A
- 74 Windsor Rd
- 202 Powder House Blvd Unit 2
- 12 George St Unit 3
- 12 George St Unit 2
- 12 George St
- 235 Powder House Blvd
- 349 Boston Ave
- 349 Boston Ave Unit 1
- 349 Boston Ave Unit 2
- 349 Boston Ave
- 349 Boston Ave Unit 3
- 351 Boston Ave
- 355 Boston Ave
- 355 Boston Ave Unit 355
- 355 Boston Ave Unit 357
- 355 Boston Ave Unit 2
- 357 Boston Ave
- 355 Boston Ave
- 357 Boston Ave Unit 2
- 355 Boston Ave Unit 1
- 9 Bellevue St
- 356 Boston Ave Unit 1
- 356 Boston Ave Unit 2
- 356 Boston Ave
- 6 Bellevue St
- 359 Boston Ave