NOT LISTED FOR SALE

Estimated Value: $508,000 - $544,000

6 Beds
3 Baths
2,229 Sq Ft
$234/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $411,500 $185 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,766/month

15 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Jogging Path
  • Medical Services
  • Property is near public transit
  • Park

About This Home

As of August 2022

Must see 3 family on the Electric Ave side of Madison Street in on a corner lot with ample parking and a lovely grassy side yard. This three family offers a 2 bedroom unit on first floor with separate electricity. The first level also offers a rear cozy studio, with separate electricity, and hot water. Upper level offers 3 spacious bedrooms, an office and sun room. Heat, water and electric included in rent. Would be a great owner occupied or good income producing property. Two units currently rented and one vacant. Bonus detached 4 car garage! Could be purchased as a package with 226 Water St Leominster MLS #72981034

Last Agent to Sell the Property

Daniel Reiser

Results Realty Listed on: 05/12/2022

Last Buyer's Agent

Carl Bletzer

Bletzer Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,806

Year Built

  • Built in 1909

Lot Details

  • 9,826 Sq Ft Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 2,229 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,050
  • Rent includes unit 1(heat water), unit 2(heat water), unit 3(heat water)
  • Assessor Parcel Number M:0115 B:0045 L:0,1508542

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Electric Expense $235
  • Insurance Expense $1,836
  • Water Sewer Expense $1,785
  • Operating Expense $11,236
  • Net Operating Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,806

Year Built

Built in 1909

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1909
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater,Electric Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 2229
  • Stories Total: 4
  • MAIN LO: K95580
  • LIST PRICE PER Sq Ft: 179.41
  • PRICE PER Sq Ft: 184.61
  • MAIN SO: C95091

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Deck - Wood
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, House of Worship, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Water), Unit 2(Heat,Water), Unit 3(Heat,Water)

Fee Information

  • Water Sewer Expenses: 1785

Lot Info

  • Parcel Number: M:0115 B:0045 L:0,1508542
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9826
  • Lot Size Units: Acres
  • PAGE: 208
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4806
  • Tax Book Number: 9478

Multi Family

  • Electric Expense: 235
  • Gross Income: 24600
  • Insurance Expense: 1836
  • Net Operating Income: 24600
  • Number Of Units Total: 3
  • Operating Expense: 11236
  • Total Actual Rent: 2050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2017
Sold by
Pandiscio 3Rd Joseph A and Hsbc Bank Usa Na
Bought by
Hsbc Bank Usa Na Tr
Current Estimated Value
$499,864

Purchase Details

Closed on
Dec 29, 2004
Sold by
Shepard Betty F and Shepard Olney A
Bought by
Pandiscio Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
5.73%
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
Hsbc Bank Usa Na Tr $76,312 --
Pandiscio Joseph A $243,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doloriert Christopher $308,625
Closed Cavanagh Brendan $13,420
Closed Nute Addison $201,300
Closed Right Place Right Time $165,000
Closed Right Place Right Time $100,000
Previous Owner Pandiscio Joseph A $194,400
Previous Owner Pandiscio Joseph A $36,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $411,500 +2.9% $185 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/24/2022 05/24/22 Price Changed $399,900 -5.9% $179 / Sq Ft
05/12/2022 05/12/22 For Sale $424,900 +58.3% $191 / Sq Ft
11/15/2019 11/15/19 Sold $268,400 -0.2% $120 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $269,000 +105.3% $121 / Sq Ft
01/31/2018 01/31/18 Sold $131,000 +6.9% $59 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
11/18/2017 11/18/17 For Sale $122,500 0.0% $55 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $122,500 -- $55 / 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 $61 $454,700 $104,300 $350,400
2024 $5,532 $373,500 $69,900 $303,600
2023 $5,296 $330,600 $61,100 $269,500
2022 $4,806 $272,900 $52,400 $220,500
2021 $4,588 $241,100 $42,400 $198,700
2020 $4,429 $224,700 $39,900 $184,800
2019 $3,850 $187,900 $52,400 $135,500
2018 $3,557 $169,300 $48,700 $120,600
2017 $3,507 $163,200 $48,700 $114,500
2016 $3,446 $162,300 $46,200 $116,100
2015 $3,332 $161,100 $44,900 $116,200
2014 $3,260 $164,400 $44,900 $119,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72981051

MLS Property Information Network (MLS PIN)

APN: FITC-000115-000045