RENTED FEB 1, 2025

389 Commonwealth Ave Unit 4 Boston, MA 02115

Back Bay Neighborhood

Estimated Value: $3,824,000 - $4,671,259

2 Beds
1 Bath
1,240 Sq Ft
$3,498/Sq Ft Est. Value

Highlights

  • 9,999 Sq Ft lot
  • 3-minute walk to Hynes Convention Center Station
  • No HOA
  • Property is near public transit
  • 2 Fireplaces
  • 4-minute walk to Kenmore Block

About This Home

As of February 2025

Stunning floor through residence featuring an over sized front facing bedroom offering post card views of the Back Bay skyline. As you pass through the built out closet quarters you will enter into an expansive living / dining room that is flooded with natural light as it overlooks the neighboring roof tops toward the west. The front facing guest bedroom has two closets and can easily double as a bedroom and an office. The kitchen which is located off the living room sets up well for prep highlighted by an enormous pantry. Additional features include but are not limited to central cooling, tall ceilings, a private storage room, refinished hardwood floors, and recessed lighting throughout. Hot water is included in the rent. Complimentary on-site laundry.

Last Agent to Rent the Property

Mark Ruane

MGS Group Real Estate LTD Listed on: 08/30/2024

Last Renter's Agent

Mark Ruane

MGS Group Real Estate LTD Listed on: 08/30/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $48,340

Year Built

  • Built in 1910

Lot Details

  • 9,999 Sq Ft Lot

Home Design

  • Apartment
  • Entry on the 4th floor

Interior Spaces

  • 1,240 Sq Ft Home
  • 2 Fireplaces

Kitchen

  • Range
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available

Listing and Financial Details

  • Rent includes hot water, water, sewer, snow removal, gardener, laundry facilities
  • Assessor Parcel Number 3361768

Community Details

Overview

  • No Home Owners Association

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$48,340

Year Built

Built in 1910

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Lease Term: Term of Rental(10+)
  • Available Now: Yes
  • Deposit Required: No
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Year Built: 1910
  • Entry Level: 4
  • CoOp Comp: Co-broke
  • ResoPropertyType: ResidentialLease
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Disposal, Refrigerator, Freezer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Building
  • Living Area: 1240
  • Spa YN: No
  • MAIN LO: AN0499
  • MAIN SO: AN0499

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Utilities

  • Heating: Ductless
  • Cooling Y N: Yes
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, T-Station, University
  • Rent Includes: Hot Water, Water, Sewer, Snow Removal, Gardener, Laundry Facilities
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3361768
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 9999
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2023
Sold by
389 Comm Avenue T and Daly
Bought by
Octagon Nt and Yunes
Current Estimated Value
$4,337,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,520,000
Outstanding Balance
$3,414,337
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$923,083
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Octagon Nt $4,400,000 None Available
Octagon Nt $4,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Octagon Nt $3,520,000
Closed Octagon Nt $3,520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2025 02/01/25 Rented $4,100 -5.7% --
12/16/2024 12/16/24 Under Contract -- -- --
11/20/2024 11/20/24 For Rent $4,350 0.0% --
11/19/2024 11/19/24 Under Contract -- -- --
08/30/2024 08/30/24 For Rent $4,350 +5.5% --
01/27/2024 01/27/24 Rented $4,125 -1.8% --
01/08/2024 01/08/24 Under Contract -- -- --
12/27/2023 12/27/23 For Rent $4,200 -- --
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 $48,340 $4,174,400 $1,448,800 $2,725,600
2024 $32,075 $2,942,700 $1,131,700 $1,811,000
2023 $32,188 $2,997,000 $1,131,700 $1,865,300
2022 $31,662 $2,910,100 $1,131,700 $1,778,400
2021 $31,515 $2,953,600 $989,600 $1,964,000
2020 $30,744 $2,911,400 $989,600 $1,921,800
2019 $30,255 $2,870,500 $989,600 $1,880,900
2018 $28,935 $2,761,000 $942,800 $1,818,200
2017 $28,662 $2,706,500 $898,600 $1,807,900
2016 $28,094 $2,554,000 $831,100 $1,722,900
2015 $27,556 $2,275,500 $615,500 $1,660,000
2014 $25,273 $2,009,000 $558,400 $1,450,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Ruane

    Landlord's Agent in 2025

    Mark Ruane

    MGS Group Real Estate LTD

    (508) 612-6217

    9 in this area

    36 Total Sales

    Mark Ruane
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73283149

MLS Property Information Network (MLS PIN)

APN: CBOS-000000-000005-003826

Massachusetts Suffolk County Boston 02115 Back Bay

389 Commonwealth Ave Unit 4, Boston, MA

Not Listed for Sale

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