NOT LISTED FOR SALE

349 North Ave Rockland, MA 02370

Estimated Value: $866,000 - $988,942

9 Beds
3 Baths
3,354 Sq Ft
$280/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $915,000 $273 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,675/month

7 Days on Market

Highlights

  • Granite Flooring
  • Porch
  • 2 Car Garage
  • Balcony
  • Ceiling Fan
  • Fenced

About This Home

As of April 2024

Fully occupied and income producing 3 family awaits new owner on North Ave. Introducing a rare opportunity to invest in a thriving real estate venture with this exquisite three-family property, a gem in the heart of a bustling neighborhood. Perfect for investors seeking a blend of steady income and long-term capital growth, this property boasts a robust rental history, ensuring a reliable revenue stream from day one. Each unit features unique and spacious layouts that appeal to a wide range of tenants, from young professionals to small families. Situated in an area renowned for its excellent accessibility, the property is minutes away from local shopping, dining, and entertainment options. This investment is not just a purchase but a stepping stone into a community known for its strong rental demand and appreciating property values.EDIT: Due to a numerous amount of showing requests, an Open House is now scheduled for Sunday 2/11 from 11am-1pm. NO showings prior to OH.

Last Agent to Sell the Property

Candice Paskell

Olde Towne Real Estate Co. Listed on: 02/06/2024

Last Buyer's Agent

The Jenkins Group

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,415

Year Built

  • Built in 1880

Lot Details

  • 10,576 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,354 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 220 Volts
  • 110 Volts

Listing and Financial Details

  • Total Actual Rent $6,400
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:38 B:0 L:38,1156569

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,415

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1880
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile, Carpet
  • Interior Amenities: Ceiling Fan(s), Remodeled
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer & Dryer Hookup
  • Basement: Full, Unfinished
  • Living Area: 3354
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: BB9212
  • MAIN SO: BB6013

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone, Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Cooling: None
  • Heating: Natural Gas
  • Cooling Y N: No
  • Electric: 110 Volts, 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:38 B:0 L:38,1156569
  • Zoning: RESIDE
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10576
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8415

Multi Family

  • Net Operating Income: 76800
  • Number Of Units Total: 3
  • Total Actual Rent: 6400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2011
Sold by
Lalli Todd A and Lalli Maribeth
Bought by
West Point Realty Dev
Current Estimated Value
$937,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,600
Interest Rate
4.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Lalli Maribeth and Parent Maribeth
Bought by
Lalli Todd A and Lalli Maribeth

Purchase Details

Closed on
Dec 29, 1988
Sold by
Mari Joseph G
Bought by
Parent Maribeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
West Point Realty Dev $292,000 --
West Point Realty Dev $292,000 --
Lalli Todd A -- --
Lalli Todd A -- --
Parent Maribeth $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parent Maribeth $233,000
Closed West Point Realty Dev $264,600
Previous Owner Parent Maribeth $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $915,000 +4.1% $273 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $879,000 -- $262 / 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 $8,870 $648,900 $214,600 $434,300
2024 $8,612 $612,500 $202,500 $410,000
2023 $8,415 $552,900 $176,000 $376,900
2022 $8,065 $481,500 $153,000 $328,500
2021 $3,480 $424,800 $139,100 $285,700
2020 $7,086 $404,900 $132,500 $272,400
2019 $6,487 $362,000 $126,200 $235,800
2018 $6,188 $339,600 $126,200 $213,400
2017 $5,930 $320,900 $126,200 $194,700
2016 $5,710 $308,800 $121,300 $187,500
2015 $5,517 $289,900 $113,400 $176,500
2014 $5,216 $284,400 $111,200 $173,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73199850

MLS Property Information Network (MLS PIN)

APN: ROCK-000038-000000-000038