NOT LISTED FOR SALE

437 Mechanic St Fitchburg, MA 01420

Estimated Value: $438,244 - $499,000

4 Beds
3 Baths
2,497 Sq Ft
$188/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $132,000 $53 Per Sq Ft

Est. 256% increase in value since last sale

Current estimated payment $2,465/month

219 Days on Market

About This Home

As of February 2017

Great opportunity for owner-occupied 2 family or for solid investment! First floor unit has 6 rooms, 3 bedrooms. Second unit has 3 rooms, 1 bedroom. Separate utilities, huge walk-up attic. Bonus two car garage/workshop.

Last Agent to Sell the Property

Leslie Tondreau

Lamacchia Realty, Inc. Listed on: 05/19/2016

Lamacchia Realty, Inc.

Last Buyer's Agent

Luis Torres

RE/MAX Prof Associates

RE/MAX Prof Associates

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49

Year Built

1880

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Gentle Slope
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Insc: 1600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1880

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Medical Facility, House of Worship, Public School
  • Electric: Circuit Breakers
  • Energy: Storm Doors
  • Flooring: Wood, Vinyl, Wall to Wall Carpet
  • Basement: Full, Sump Pump, Concrete Floor
  • Total Levels: 2

Exterior Features

  • Roof: Slate
  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Poured Concrete, Granite

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 10

Utilities

  • Heat Zones: 2
  • Hot Water: Tank
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 168

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: RA1

Multi Family

  • Heat Units: 2
  • Common Room: Laundry
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Levels: 2
  • Total Rms: 9
  • Total Rent_1: 950

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2016
Closed on
Feb 10, 2017
Sold by
Sayles Debra A
Bought by
Reyes Ramon A and Santana Margarita A
Seller's Agent
Leslie Tondreau
Lamacchia Realty, Inc.
Buyer's Agent
Luis Torres
RE/MAX Prof Associates
List Price
$144,900
Sold Price
$132,000
Premium/Discount to List
-$12,900
-8.9%
Current Estimated Value
$469,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,311
Avg. Annual Appreciation
15.66%
Original Mortgage
$129,609
Outstanding Balance
$107,461
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$361,850

Purchase Details

Closed on
Nov 19, 2008
Sold by
Wells Fargo Bk
Bought by
Sayles Bruce A and Sayles Debra A

Purchase Details

Closed on
Apr 29, 2008
Sold by
Seguin Christine A
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Jul 30, 1999
Sold by
Pearson Charles R and Pearson Paula L
Bought by
Seguin Michael E
Source: Public Records

Range of Values:

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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
Reyes Ramon A $132,000 --
Sayles Bruce A $81,375 --
Deutsche Bank Natl T C $157,500 --
Seguin Michael E $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Ramon A $129,609
Previous Owner Seguin Michael E $83,997
Previous Owner Seguin Michael E $70,080
Previous Owner Seguin Michael E $112,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold $132,000 -5.6% $53 / Sq Ft
12/24/2016 12/24/16 Pending -- -- --
08/05/2016 08/05/16 Price Changed $139,900 -3.5% $56 / Sq Ft
05/19/2016 05/19/16 For Sale $144,900 -- $58 / 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
2025 $49 $361,300 $101,600 $259,700
2024 $4,935 $333,200 $68,200 $265,000
2023 $4,739 $295,800 $58,700 $237,100
2022 $4,471 $253,900 $49,100 $204,800
2021 $4,429 $214,300 $35,500 $178,800
2020 $3,867 $196,200 $32,800 $163,400
2019 $3,873 $179,400 $46,400 $133,000
2018 $3,261 $155,200 $43,700 $111,500
2017 $3,157 $141,300 $43,700 $97,600
2016 $2,894 $136,300 $39,600 $96,700
2015 $2,781 $134,500 $38,200 $96,300
2014 $2,667 $134,500 $38,200 $96,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72009171

MLS Property Information Network (MLS PIN)

APN: FITC-000168-000009