M
Seller's Agent in 2025
Mark Schwarz
Palmer Russell Company
(617) 388-6850
1 in this area
9 Total Sales
388 Arborway Jamaica Plain, MA 02130
Jamaica Plain NeighborhoodEstimated Value: $1,425,211 - $1,475,000
8
Beds
5.5
Baths
5,500
Sq Ft
$265/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 3-minute walk to Forest Hills Station
- City View
- Medical Services
- Solar Power System
- Deck
About This Home
As of August 2025This Victorian property offers history in the heart of Jamaica Plain. Designed by architect George Harvey, & updated into a Philadelphia walk up style, this multi family property boasts period details, 6 fireplaces, beautiful wood floors & trim, 2 substantial multi level units with over 2,150 sq/ft of living area, city views, private patios & garage parking. Unit 1 is 7 rms, 3 bedrooms, 2.5 baths, den, 4 fireplaces & en-suite laundry. Unit 2 is 7 rooms, 4-5 bedrooms & 2 full baths. This unit also has en-suit laundry, 2 fireplaces & skyline city views. There is also a separate entrance in-law suite on the lower level, (above ground), that has 3 rooms, 1 bedroom & bath with separate laundry as well. Total income is $117,600. Walk to the T, Arnold Arboretum & JP center. With modern kitchens & baths, updated Lennox hi efficiency boilers, 2023 roof & 2018 siding & gutters, this property has it all.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,766
Year Built
- Built in 1900
Lot Details
- 6,172 Sq Ft Lot
- Fenced
- Sloped Lot
Parking
- 1 Car Garage
- Common or Shared Parking
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,500 Sq Ft Home
- Ceiling Fan
- 6 Fireplaces
- Wood Burning Fireplace
- Insulated Windows
- Family Room
- Living Room
- Dining Room
- Home Office
- Storage
- Wood Flooring
- City Views
- Storm Doors
Kitchen
- Range
- Dishwasher
- Upgraded Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Garage Access
Eco-Friendly Details
- Energy-Efficient Thermostat
- Solar Power System
Outdoor Features
- Deck
- Patio
- Porch
Location
- Property is near public transit and schools
Utilities
- Window Unit Cooling System
- 2 Heating Zones
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Hot Water Heating System
- Separate Meters
- 200+ Amp Service
- 110 Volts
Listing and Financial Details
- Total Actual Rent $9,800
- Rent includes unit 1(water), unit 2(water), unit 3(heat water)
- Assessor Parcel Number W:11 P:03337 S:000,1353454
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 2 Levels
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $6,500
- Water Sewer Expense $3,300
- Operating Expense $31,000
- Net Operating Income $86,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 5, 2025
Sold by
Groma Boston Growth Fund
Bought by
Groma Boston Growth Fund
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000,000
Outstanding Balance
$24,903,268
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$23,443,465
Purchase Details
Listed on
May 20, 2025
Closed on
Aug 11, 2025
Sold by
T2010 Peter and T2010 Luiso
Bought by
Groma Boston Growth Fund
Seller's Agent
Mark Schwarz
Palmer Russell Company
Buyer's Agent
Hayden Whitmore
List Price
$1,795,000
Sold Price
$1,465,000
Premium/Discount to List
-$330,000
-18.38%
Views
45
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.51%
Purchase Details
Closed on
Jan 24, 2025
Sold by
Luiso Peter and Beltran Gina M
Bought by
Peter J Luiso and Peter Luiso
Purchase Details
Closed on
May 23, 2007
Sold by
Luiso Judith
Bought by
Luiso Peter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 2002
Sold by
Nez Alumni Inc
Bought by
Luiso Peter and Luiso Judith A
Purchase Details
Closed on
Sep 15, 1988
Sold by
Berry Peter
Bought by
Nez Alumni Inc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Groma Boston Growth Fund | -- | -- | |
| Groma Boston Growth Fund | $1,465,000 | -- | |
| Groma Boston Growth Fund | $1,465,000 | -- | |
| Peter J Luiso | -- | None Available | |
| Peter J Luiso T J | -- | None Available | |
| Luiso Peter | $169,000 | -- | |
| Luiso Peter J | $169,000 | -- | |
| Luiso Peter J | $169,000 | -- | |
| Luiso Peter | $420,000 | -- | |
| Luiso Peter J | $420,000 | -- | |
| Nez Alumni Inc | $332,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Groma Boston Growth Fund | $25,000,000 | |
| Previous Owner | Nez Alumni Inc | $190,000 | |
| Previous Owner | Luiso Peter J | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Sold | $1,465,000 | -18.4% | $266 / Sq Ft |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 05/20/2025 05/20/25 | For Sale | $1,795,000 | 0.0% | $326 / Sq Ft |
| 09/01/2024 09/01/24 | For Rent | $2,200 | -45.0% | -- |
| 06/07/2022 06/07/22 | For Rent | $4,000 | 0.0% | -- |
| 05/18/2022 05/18/22 | For Rent | $4,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
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 | $20,766 | $1,793,300 | $497,400 | $1,295,900 |
| 2024 | $18,989 | $1,742,100 | $496,000 | $1,246,100 |
| 2023 | $18,710 | $1,742,100 | $496,000 | $1,246,100 |
| 2022 | $17,707 | $1,627,500 | $463,400 | $1,164,100 |
| 2021 | $16,539 | $1,550,000 | $441,300 | $1,108,700 |
| 2020 | $15,646 | $1,481,600 | $352,400 | $1,129,200 |
| 2019 | $14,867 | $1,410,500 | $272,300 | $1,138,200 |
| 2018 | $13,439 | $1,282,300 | $272,300 | $1,010,000 |
| 2017 | $13,580 | $1,282,300 | $272,300 | $1,010,000 |
| 2016 | $12,594 | $1,144,900 | $272,300 | $872,600 |
| 2015 | $10,855 | $896,400 | $238,800 | $657,600 |
| 2014 | $9,806 | $779,500 | $238,800 | $540,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Schwarz
-
Hayden Whitmore
Buyer's Agent in 2025
Hayden Whitmore
(774) 571-4546
2 in this area
3 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73377555
APN: JAMA-000000-000011-003337
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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