NOT LISTED FOR SALE

Estimated Value: $992,000 - $1,042,000

5 Beds
2 Baths
2,102 Sq Ft
$484/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $796,000 $379 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,440/month

16 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • 1-minute walk to Penniman Road Play Area
  • Fenced Yard

About This Home

As of May 2021

38-40 Hano presents a great opportunity to invest in a cash flowing property with lots of upside. Located right in the heart of Allston, this home is just a 3 minute walk to Boston Landing, steps away from all of the great dining on Harvard Ave & Commonwealth Ave. Tons of development in this area, lots of room for appreciation! Recent updates include a new boiler, two new hot water tanks, new front steps, 5 year old roof. Unit #38 is rented through 8/31/21 and unit #40 will be vacant 1/1/21. Both units are in rentable condition but with a little work they can be condo-quality. Unit #38 has a den that is large enough to be a bedroom. Basement is additional ~945sqft.

Last Listed By

Justin Efron

Efron Property Group, LLC Listed on: 03/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,557

Year Built

  • Built in 1890

Lot Details

  • 1,307

Flooring

  • Wood
  • Tile

Additional Features

  • Patio
  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 2201797000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,557

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Renovated Since
  • List Price Per Sq Ft: 399.14
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Ife Common: Storage
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Flooring: Wood, Tile
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full
  • Main Lo: NB1840
  • Main So: AN5287
  • Estimated Sq Ft: 2102.00

Exterior Features

  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Vinyl
  • Exterior Features: Patio, Fenced Yard
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water, Individual Meter
  • Electric Features: Individually Metered
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 586200.00
  • Acre: 0.03
  • Lot Size: 1520.00
  • Page: 79
  • Parcel Number: 2201797000
  • Zoning: 3F-4000
  • Lot Description: Corner

Multi Family

  • Total Levels: 2
  • Total Rms: 11
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 6190.27
  • Assessor Parcel Number: 1208347
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
May 19, 2021
Sold by
Keystone Ret
Bought by
Wang Gang
Seller's Agent
Justin Efron
Efron Property Group, LLC
Buyer's Agent
ZhiChao Chen
Space Realty
List Price
$839,000
Sold Price
$796,000
Premium/Discount to List
-$43,000
-5.13%
Total Days on Market
16
Current Estimated Value
$1,018,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,161
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
May 31, 2018
Sold by
Murray Kevin M and Murray Cheryl A
Bought by
Keystone Ret

Purchase Details

Closed on
May 5, 2017
Sold by
Murray Kevin
Bought by
Murray Kevin M and Murray Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.23%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Apr 4, 2013
Closed on
Jun 18, 2013
Sold by
Us Bank Na
Bought by
Murray Kevin
Seller's Agent
Brian Gagnon
Coldwell Banker Realty - Boston
Buyer's Agent
Brian Gagnon
Coldwell Banker Realty - Boston
List Price
$379,900
Sold Price
$301,500
Premium/Discount to List
-$78,400
-20.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.97%

Purchase Details

Closed on
Mar 7, 2012
Sold by
Rodriguez Allan and Us Bank Na
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 26, 2005
Sold by
Whalen Stephen
Bought by
Rodriguez Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 1997
Sold by
Emt Rt
Bought by
Walsh David I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Wang Gang $796,000 None Available
Keystone Ret -- --
Murray Kevin M -- --
Murray Kevin $301,500 --
Us Bank Na $297,089 --
Rodriguez Allan $450,000 --
Walsh David I $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray Kevin M $268,000
Previous Owner Murray Kevin M $360,000
Previous Owner Murray Kevin $350,000
Previous Owner Rodriguez Allan $360,000
Previous Owner Rodriguez Allan $90,000
Previous Owner Whalen Stephen $33,700
Previous Owner E M T Rt $50,000
Previous Owner E M T Rt $60,000
Previous Owner E M T Rt $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $796,000 -5.1% $379 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $839,000 +178.3% $399 / Sq Ft
06/18/2013 06/18/13 Sold $301,500 -20.6% $143 / Sq Ft
05/19/2013 05/19/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $379,900 -- $181 / 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 $9,557 $825,300 $221,400 $603,900
2024 $8,816 $808,800 $198,400 $610,400
2023 $8,270 $770,000 $188,900 $581,100
2022 $7,951 $730,800 $183,400 $547,400
2021 $7,356 $689,400 $173,000 $516,400
2020 $6,190 $586,200 $141,300 $444,900
2019 $5,882 $558,100 $121,100 $437,000
2018 $5,849 $558,100 $121,100 $437,000
2017 $5,852 $552,600 $121,100 $431,500
2016 $5,526 $502,400 $121,100 $381,300
2015 $4,834 $399,200 $108,100 $291,100
2014 $4,365 $347,000 $108,100 $238,900
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 72808885

MLS Property Information Network (MLS PIN)

APN: ALLS-000000-000022-001797