40 Shawmut St East Weymouth, MA 02189
Estimated Value: $599,019 - $662,000
4
Beds
2
Baths
1,824
Sq Ft
$353/Sq Ft
Est. Value
About This Home
As of January 2022Great investment opportunity to own a multi-family in East Weymouth. Here's your chance to build equity with a little TLC! The first-floor unit has 2 bedrooms and one bath, a partially finished basement with washer/dryer hookup, and potential for in-law. The second-floor unit has 2 bedrooms, one bath, and a bonus finished walk-up attic with 3 potential additional bedrooms perfect for extended family. It has off-street parking for 6 cars and is conveniently located 0.7 miles to MBTA Commuter rail and 0.5 miles to Lake Street Beach at Whitman's Pond. The water heater was just replaced for one of the units. The home is completely vacant, easy to show on lockbox and ready for its new owner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,261
Year Built
- 1868
Lot Details
- 4,792
Interior Spaces
- Property has 1 Level
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2021
Closed on
Jan 21, 2022
Sold by
Indo Renovation Inc
Bought by
Gonsalves Ana T
Seller's Agent
Mayra Rebello
Simple Key Realty Inc.
Buyer's Agent
Alex Walsh
Access
List Price
$489,000
Sold Price
$500,000
Premium/Discount to List
$11,000
2.25%
Total Days on Market
6
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,755
Avg. Annual Appreciation
7.18%
Original Mortgage
$483,312
Outstanding Balance
$450,855
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$180,285
Purchase Details
Closed on
Oct 12, 2021
Sold by
Detellis Robert M and Whiting Stephanie F
Bought by
Indo Renovation Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Similar Home in East Weymouth, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gonsalves Ana T | $500,000 | None Available | |
| Indo Renovation Inc | $375,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gonsalves Ana T | $483,312 | |
| Previous Owner | Indo Renovation Inc | $318,750 | |
| Previous Owner | Detellis Robert W | $84,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2022 01/21/22 | Sold | $500,000 | +2.2% | $274 / Sq Ft |
| 11/11/2021 11/11/21 | Pending | -- | -- | -- |
| 11/04/2021 11/04/21 | For Sale | $489,000 | -- | $268 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,261 | $520,900 | $189,600 | $331,300 |
| 2024 | $5,095 | $496,100 | $180,500 | $315,600 |
| 2023 | $4,933 | $472,100 | $167,200 | $304,900 |
| 2022 | $4,790 | $418,000 | $154,800 | $263,200 |
| 2021 | $4,559 | $388,300 | $154,800 | $233,500 |
| 2020 | $4,345 | $364,500 | $154,800 | $209,700 |
| 2019 | $4,238 | $349,700 | $148,900 | $200,800 |
| 2018 | $3,918 | $313,400 | $141,700 | $171,700 |
| 2017 | $3,738 | $291,800 | $135,000 | $156,800 |
| 2016 | $3,510 | $274,200 | $129,800 | $144,400 |
| 2015 | $3,484 | $270,100 | $129,800 | $140,300 |
| 2014 | $3,475 | $261,300 | $120,800 | $140,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mayra Rebello
M
Seller's Agent in 2022
Mayra Rebello
Simple Key Realty Inc.
(617) 412-9828
1 in this area
21 Total Sales
-
Alex Walsh
Buyer's Agent in 2022
Alex Walsh
Access
(781) 556-1703
5 in this area
490 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72916405
APN: WEYM-000023-000304-000043
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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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