NOT LISTED FOR SALE

Estimated Value: $807,330 - $1,020,000

6 Beds
2 Baths
2,756 Sq Ft
$321/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $700,000 $254 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,727/month

64 Days on Market

About This Home

As of October 2021

Fantastic opportunity to own a large Multi Family in Shawsheen Neighborhood! This magnificent owner occupied and well loved home can offer an owner or a potential investor many different options. Fully tiled kitchens and baths, newer windows / siding, hardwood throughout, and new multi unit heating / tankless 97% efficient system (1 1/2 years old, valued at over $25K). Enormous basement with tons for storage, work area, and additional room for kids, or hobbyist. Parking for at least 6 cars, always rented, in a terrific neighborhood in the West Elementary School District and walking distance to Shawsheen School playground & Balmoral Fields / Park. Big lot, private yard & shed for toys and bikes. Offers possibility to condo each unit with expansion in massive attic for an additional unit. Opportunities like this don't come too often. Multi Families in Andover are RARE and this is your chance to get into a great investment property!

Last Listed By

Gregory Afarian

Afarian Realty Corp Listed on: 07/08/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,249

Year Built

  • 1900

Lot Details

  • 0.25

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,249

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: RT. 28, to William St, Right onto to Poor continue onto Magnolia, Right onto Ferndale.
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Has Basement: Concrete
  • Total Bathrooms: 2
  • MAIN LO: AN0898
  • LIST PRICE PER Sq Ft: 263.06
  • PRICE PER Sq Ft: 253.99
  • MAIN SO: AN1921
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Tile,Hardwood, Unit 1(undefined)
  • Interior Amenities: Unit 1(Pantry,Storage,High Speed Internet Hookup,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room,Sunroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Office/Den,Sunroom)
  • Stories: 3
  • Window Features: Insulated Windows, Storm Window(s)

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Storage
  • Foundation Details: Block
  • Construction Type: Block
  • Exclusions: 1 Set Of Washer & Dryer, Light Fixtures On 1st Floor, Red Maple Tree In Yard.
  • Lot Features: Corner Lot
  • Patio And Porch Features: Porch, Patio
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Hot Water Baseboard,Gas)
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Cooling Y N: Yes
  • Electric: 110 Volts, Circuit Breakers, Knob & Tube Wiring
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup, Icemaker Connection
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks

Schools

  • Elementary School: W. Elementary
  • High School: Andover High
  • Middle Or Junior School: West Middle

Lot Info

  • LOT SIZE: 10917
  • PAGE: 7
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 10890
  • Zoning: SRA

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 22800
  • Property Net Operating Income: 22800
  • Number Of Units Total: 2
  • Total Actual Rent: 1900

Tax Info

  • Tax Annual Amount: 8628
  • Tax Book Number: 2842
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Allen Charles M $355,000
Closed Afarian Katcher $230,900
Closed Afarian Katcher $175,000
Closed Afarian Katcher K $82,000
Closed Afarian Katcher K $37,000
Closed Afarian Katcher K $95,000
Closed Afarian Katcher K $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $700,000 -6.7% $254 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/04/2021 08/04/21 Price Changed $749,900 -6.3% $272 / Sq Ft
07/07/2021 07/07/21 For Sale $799,900 -- $290 / 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
2024 $9,249 $718,100 $314,800 $403,300
2023 $9,382 $686,800 $283,500 $403,300
2022 $9,027 $618,300 $251,000 $367,300
2021 $8,628 $564,300 $228,200 $336,100
2020 $8,057 $536,800 $222,800 $314,000
2019 $7,554 $494,700 $210,000 $284,700
2018 $7,180 $459,100 $198,100 $261,000
2017 $6,388 $420,800 $194,200 $226,600
2016 $5,615 $378,900 $181,700 $197,200
2015 $5,567 $371,900 $174,700 $197,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72861983

MLS Property Information Network (MLS PIN)

APN: ANDO-000051-000008