NOT LISTED FOR SALE

Estimated Value: $1,977,000 - $2,644,738

9 Beds
3 Baths
4,173 Sq Ft
$582/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $1,755,000 $421 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $14,935/month

56 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Patio
  • Deck

About This Home

As of February 2021

Amazing opportunity for owner occupied investment or straight income property Great 1031 exchange opportunity! Large and beautiful brick three-family brownstone that has been family owned for generations. almost 4,200 total square footage in the three units. Two occupied units are leased out to 8/31/21. The third floor, which has Harbor views, is vacant and waiting for its next owner. With the proper permitting that would seal the deal on an amazing roof deck with sweeping views of the city and the water! Buyer and buyer's agent to do their own due diligence. Lower level with high ceilings also provides additional expansion area and plenty of storage. The backyard has a wonderful shared patio and upper two units have large decks for private dining or other outdoor entertaining. Please provide at least 24 hours notice for showings and all CDC guidelines will be followed. Please bring a mask and limit the number of people that attend showings.

Last Agent to Sell the Property

Paul Colleary

Dream Realty Listed on: 09/28/2020

Last Buyer's Agent

John Federico, Jr.

Grove Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,370

Year Built

  • Built in 1910

Lot Details

  • 2,178

Property Views

  • Ocean
  • Bay

Flooring

  • Wood
  • Wall to Wall Carpet

Outdoor Features

  • Deck
  • Patio

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number W:07 P:01851 S:000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,370

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Year Built Description: Actual
  • List Price Per Sq Ft: 461.30
  • Comp Based On: Net Sale Price
  • Year Built: 1910
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Interior Features

  • Flooring: Wood, Wall to Wall Carpet
  • Total Flrs: 3
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 17
  • Basement: Y
  • Basement Features: Full, Concrete Floor
  • Main Lo: A95641
  • Main So: NB1092
  • Estimated Sq Ft: 4173.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Waterview Features: Bay, Ocean
  • Waterview Flag: Yes
  • Construction: Brick
  • Roof Material: Rubber
  • Exterior: Brick
  • Exterior Features: Deck, Patio
  • Foundation: Brick, Granite

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 200 Amps
  • Sewage District: MWRA
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 1388300.00
  • Acre: 0.05
  • Lot Size: 2348.00
  • Parcel Number: W:07 P:01851 S:000
  • Zoning: Res
  • Lot Description: City View(s), Scenic View(s)

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Total Levels: 3
  • Total Rent: 6300
  • Total Rms: 17
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 14660.00
  • Assessor Parcel Number: 1409759
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2022
Sold by
428 East Fifth Llc
Bought by
428 East 5Th Dev Llc
Current Estimated Value
$2,428,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Outstanding Balance
$1,627,134
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$801,551

Purchase Details

Listed on
Sep 28, 2020
Closed on
Feb 3, 2021
Sold by
428 East Fifth Street Rt
Bought by
428 East Fifth Llc
Seller's Agent
Paul Colleary
Dream Realty
Buyer's Agent
John Federico, Jr.
Grove Property Group
List Price
$1,999,999
Sold Price
$1,755,000
Premium/Discount to List
-$244,999
-12.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$1,606,400
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2020
Sold by
Driscoll Donna and Nikolla Victoria
Bought by
428 East Fifth Street Rt

Purchase Details

Closed on
Nov 15, 2013
Sold by
Driscoll Donna and Nikolla Victoria
Bought by
Nikolla Christie and Nikolla Victoria

Purchase Details

Closed on
Apr 27, 2010
Sold by
Christie Nikolla Christie and Christie Nichola
Bought by
Driscoll Donna and Nikolla Victoria
Source: Public Records

Range of Values:

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Average Value
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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
428 East 5Th Dev Llc $2,500,000 None Available
428 East Fifth Llc $1,758,000 None Available
428 East Fifth Street Rt -- None Available
Nikolla Christie -- --
Driscoll Donna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 428 East 5Th Dev Llc $1,750,000
Previous Owner 428 East Fifth Llc $1,606,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2021 02/08/21 Sold $1,755,000 -8.8% $421 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/18/2020 11/18/20 Price Changed $1,925,000 -3.7% $461 / Sq Ft
09/28/2020 09/28/20 For Sale $1,999,999 0.0% $479 / Sq Ft
09/01/2015 09/01/15 Rented $2,900 0.0% --
08/02/2015 08/02/15 Under Contract -- -- --
06/29/2015 06/29/15 For Rent $2,900 +7.4% --
06/01/2014 06/01/14 Rented $2,700 0.0% --
05/02/2014 05/02/14 Under Contract -- -- --
04/24/2014 04/24/14 For Rent $2,700 -- --
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 $26,370 $2,277,200 $551,100 $1,726,100
2024 $25,313 $2,322,300 $368,000 $1,954,300
2023 $20,620 $1,919,900 $304,300 $1,615,600
2022 $16,423 $1,509,500 $276,600 $1,232,900
2021 $16,106 $1,509,500 $276,600 $1,232,900
2020 $14,660 $1,388,300 $290,800 $1,097,500
2019 $13,306 $1,262,400 $204,500 $1,057,900
2018 $12,360 $1,179,400 $204,500 $974,900
2017 $11,890 $1,122,800 $204,500 $918,300
2016 $10,744 $976,700 $204,500 $772,200
2015 $10,283 $849,100 $186,000 $663,100
2014 $10,080 $801,300 $186,000 $615,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72733619

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000007-001851