NOT LISTED FOR SALE

Estimated Value: $1,022,000 - $1,367,000

6 Beds
2.5 Baths
2,255 Sq Ft
$531/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $1,300,000 $576 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $7,081/month

3 Days on Market

Highlights

  • Deck
  • Balcony
  • Living Room
  • Wood Flooring
  • Bathtub
  • Storage

About This Home

As of August 2024

Fantastic investment opportunity! Duplex 2-family in a very desirable neighborhood in Watertown, near Bentley University and the Belmont/Waltham lines. Close to transport, Waverly Square, Watertown Squares as well as Harvard Square. Each unit has three stories of living space, three bedrooms on the top floor, living rooms on the first floor plus a “ready to be finished” basement. The building has been updated to include two energy saving heat pump systems (one for each side), new kitchens, windows & roof (6 years), additional insulation etc. The most advanced heat system not only saves energy costs during winter, but also provides central AC during summer. Each units has: hardwood floors on the 1st and 2nd floors, separate water meters and driveways. Both units have been de-leaded, removing the worries for families with young kids. #37 is vacant so this can be purchased as a homeowner occupied property with tenants on another side to help pay for mortgage.

Last Agent to Sell the Property

Frank Chen

Good School Realty, Inc. Listed on: 06/20/2024

Last Buyer's Agent

Marius Gallitano

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,266

Year Built

  • Built in 1954

Lot Details

  • 7,362 Sq Ft Lot
  • Fenced
  • Level Lot
  • Garden

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,255 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Living Room
  • Dining Room
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathtub

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Bulkhead
  • Balcony
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • 220 Volts
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $5,600
  • Rent includes unit 2(none)
  • Assessor Parcel Number M:0545 B:0004 L:0008

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Building Details

  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,266

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1954
  • Buyer Agency: 2.5
  • Transaction Broker: 2.5
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Lead Certification Available, Storage, Bathroom With Tub, Smart Thermostat, Living Room, Dining Room, Kitchen, Laundry Room
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Range Hood
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Washer & Dryer Hookup, Electric Dryer Hookup
  • Basement: Full, Partially Finished, Bulkhead, Concrete, Unfinished
  • Living Area: 2255
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Picture Window, Insulated Windows
  • MAIN LO: NB1364
  • LIST PRICE PER Sq Ft: 594.24
  • PRICE PER Sq Ft: 576.5
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Balcony/Deck, Garden
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer
  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Electric: 220 Volts, 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Electric, Tank

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Rent Includes: Unit 2(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0545 B:0004 L:0008
  • Zoning: T
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7362
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9266
  • Tax Book Number: 0

Multi Family

  • Gross Income: 31200
  • Net Operating Income: 31200
  • Number Of Units Total: 2
  • Total Actual Rent: 5600
  • LEVELS 1: 3
  • Basement Included Sq Ft: No
  • LEVELS 2: 3
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 1992
Sold by
Haytayan Yeghia and Haytayan Arousiak
Bought by
Laad Rajendra F
Current Estimated Value
$1,197,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,900
Interest Rate
7.85%
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
Laad Rajendra F $211,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Laad Rajendra F $189,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2024 08/15/24 Sold $1,300,000 -3.0% $576 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $1,340,000 0.0% $594 / Sq Ft
10/01/2019 10/01/19 Rented $2,400 0.0% --
09/27/2019 09/27/19 Under Contract -- -- --
08/07/2019 08/07/19 For Rent $2,400 -- --
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 $9,755 $835,200 $492,400 $342,800
2024 $9,266 $792,000 $485,500 $306,500
2023 $10,393 $765,300 $462,400 $302,900
2022 $9,605 $724,900 $439,200 $285,700
2021 $8,691 $709,500 $423,800 $285,700
2020 $8,392 $691,300 $408,400 $282,900
2019 $7,477 $580,500 $393,000 $187,500
2018 $7,547 $560,300 $385,300 $175,000
2017 $7,034 $506,400 $331,400 $175,000
2016 $6,716 $490,900 $315,900 $175,000
2015 $7,031 $467,800 $292,800 $175,000
2014 $6,653 $444,700 $269,700 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73255474

MLS Property Information Network (MLS PIN)

APN: WATE-000545-000004-000008