NOT LISTED FOR SALE

Estimated Value: $1,324,000 - $1,490,091

6 Beds
3 Baths
2,915 Sq Ft
$475/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $1,270,000 $436 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,136/month

14 Days on Market

Highlights

  • Medical Services
  • Deck
  • Corner Lot
  • Granite Flooring
  • Property is near public transit
  • Community Pool

About This Home

As of March 2023

Major INVESTMENT opportunity - MASSIVE 3 FAMILY in PRIME MEDFORD location with OFF-STREET PARKING and coin-op laundry! MINUTES to TUFTS university and the new GREEN LINE! These sun filled units each boasting 2 BEDROOMS and 1 bathroom have great space and loads of RENOVATIONS. All units have UPDATED KITCHENS, BATHS and NEW HEATING SYSTEMS. Makes for TREMENDOUS INCOME property to add to your portfolio or unit 2 is vacant and ready for SAVVY NEW OWNER to move in and collect rents! FANTASTIC LOCATION allows you walk outside your front door to grab a coffee, dinner or visit local shops. The ever bustling Medford is ONLY about 5 MILES to BOSTON with AMPLE TRANSIT opportunities at your door step.

Last Agent to Sell the Property

Jacqui Webb

Gibson Sotheby's International Realty Listed on: 02/01/2023

Gibson Sotheby's International Realty

Last Buyer's Agent

Hudson Santana

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,895

Year Built

  • Built in 1918

Lot Details

  • 4,980 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 2,915 Sq Ft Home
  • Granite Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Deck
  • 3 Heating Zones

Listing and Financial Details

  • Total Actual Rent $4,700
  • Assessor Parcel Number M:T09 B:0075,643917

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,895

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1918
  • 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: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2915
  • Stories Total: 6
  • MAIN LO: AN2213
  • LIST PRICE PER Sq Ft: 445.97
  • PRICE PER Sq Ft: 435.68
  • MAIN SO: BB3298

Exterior Features

  • Foundation Details: Granite
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University

Lot Info

  • Parcel Number: M:T09 B:0075,643917
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4980
  • Lot Size Units: Acres
  • PAGE: 564
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7895
  • Tax Book Number: 80495

Multi Family

  • Gross Income: 57600
  • Net Operating Income: 57600
  • Number Of Units Total: 3
  • Total Actual Rent: 4700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2005
Sold by
Lagambina Frank P
Bought by
Lagambina Ann and Lagambina Frank P
Current Estimated Value
$1,384,523

Purchase Details

Closed on
Sep 6, 1994
Sold by
Hlth Tri-City Mental
Bought by
Lagambina Frank P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,525
Interest Rate
8.44%
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
Lagambina Ann -- --
Lagambina Frank P $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lagambina Frank P $151,000
Previous Owner Lagambina Frank P $22,500
Previous Owner Lagambina Frank P $113,525
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $1,270,000 -2.3% $436 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $1,299,999 -- $446 / 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 $9,807 $1,151,000 $329,100 $821,900
2024 $9,807 $1,151,000 $329,100 $821,900
2023 $7,821 $904,200 $307,600 $596,600
2022 $7,895 $876,200 $279,600 $596,600
2021 $7,701 $818,400 $266,300 $552,100
2020 $7,377 $803,600 $266,300 $537,300
2019 $7,238 $754,000 $242,100 $511,900
2018 $7,062 $689,600 $220,100 $469,500
2017 $6,549 $620,200 $205,700 $414,500
2016 $6,205 $554,500 $187,000 $367,500
2015 $5,938 $507,500 $178,100 $329,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73075432

MLS Property Information Network (MLS PIN)

APN: MEDF-000009-000000-T000075