NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,135,000

6 Beds
3.5 Baths
2,523 Sq Ft
$422/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $900,000 $357 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,934/month

12 Days on Market

Highlights

  • Medical Services
  • 0.16 Acre Lot
  • Porch
  • Waterfront
  • Property is near public transit
  • 4-minute walk to Staff Sergeant Day Park

About This Home

As of August 2021

CALLING ALL INVESTORS & CONTRACTORS- If you are ready for your next project, this one is it! This charming three-family home boasts TWO LARGE UNITS on the first and second floor featuring SIZEABLE BEDROOMS & HIGH CEILINGS as well as a COZY third floor unit which gets LOTS OF NATURAL LIGHT. The long, wide driveway offers AMPLE OFF-STREET PARKING for approximately 5 cars. Located on a BEAUTIFUL side street with convenient access to SHOPS and RESTAURANTS on Broadway & Ferry Street, this home is surrounded by MULTIPLE bus routes for public transportation into Boston & is JUST UNDER 2 MILES AWAY FROM THE ENCORE CASINO! 38 High Street features YOUNG HOT WATER HEATERS (seller replaced all hot water heaters for each unit in 2018) and has SO MUCH POTENTIAL for someone willing to put in the sweat equity. This is A GREAT INVESTMENT OPPORTUNITY whether you desire to undergo renovations and keep this a multi-family home or proceed with a condominium conversion. Offers will be presented as received.

Last Listed By

Michelle Mcnall

eXp Realty Listed on: 06/23/2021

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,281

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Waterfront
  • Property fronts an easement

Home Design

  • 2,523 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 6 Bedrooms

Unfinished Basement

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

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Washer
  • Porch

Listing and Financial Details

  • Total Actual Rent $3,000
  • Assessor Parcel Number 483993

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,281

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1920
  • Buyer Agency: 2.0%
  • Buyer Agency Type: %
  • Transaction Broker: 2.0%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Kitchen,Office/Den), Unit 3 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Unit 3(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bathrooms: 3.5
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 2523
  • Stories Total: 6
  • MAIN LO: AN6527
  • LIST PRICE PER Sq Ft: 346.81
  • PRICE PER Sq Ft: 356.72
  • MAIN SO: BB3163

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 483993
  • Zoning: DD
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6969.6
  • Lot Size Units: Acres
  • LOT SIZE: 6821
  • PAGE: 364

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6281.27
  • Tax Book Number: 24753

Multi Family

  • Gross Income: 36000
  • Net Operating Income: 36000
  • Number Of Units Total: 3
  • Total Actual Rent: 3000
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 20, 2021
Sold by
Martignetti John
Bought by
38 High Street Rt
Seller's Agent
Michelle Mcnall
eXp Realty
Buyer's Agent
Madelyn Garcia
Madelyn Garcia Real Estate
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%
Total Days on Market
12
Current Estimated Value
$1,065,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,927
Avg. Annual Appreciation
2.67%
Original Mortgage
$630,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1994
Sold by
Dibella Richard M
Bought by
Martignetti John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
38 High Street Rt $900,000 None Available
Martignetti John $201,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 38 High Street Rt $637,500
Closed 38 High Street Rt $630,000
Previous Owner Martignetti John $354,520
Previous Owner Martignetti John $379,610
Previous Owner Martignetti John $345,000
Previous Owner Martignetti John $50,000
Previous Owner Dibella Richard M $50,000
Previous Owner Dibella Richard M $13,000
Previous Owner Dibella Richard M $158,400
Previous Owner Dibella Richard M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $900,000 +2.9% $357 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $875,000 -- $347 / 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 $11,614 $1,019,700 $246,800 $772,900
2024 $10,888 $950,100 $236,000 $714,100
2023 $10,147 $861,400 $219,900 $641,500
2022 $8,307 $801,800 $209,200 $592,600
2021 $6,281 $636,400 $190,400 $446,000
2020 $6,450 $606,200 $190,400 $415,800
2019 $6,758 $545,900 $177,600 $368,300
2018 $6,428 $466,500 $154,500 $312,000
2017 $6,021 $417,000 $128,700 $288,300
2016 $5,602 $387,700 $128,700 $259,000
2015 $5,222 $357,400 $115,100 $242,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72855069

MLS Property Information Network (MLS PIN)

APN: EVER-000000-M000001-000026