$325,000
SOLD FEB 15, 2023

45 Forest St Lee, MA 01238

8 Beds
7.5 Baths
7,956 Sq Ft
1.5 Acres

Recently Sold

$41 Per Sq Ft

28% Below List Price

38 Days on Market

Highlights

  • Golf Course Community
  • 1.5 Acre Lot
  • Wooded Lot
  • Above Ground Pool
  • Property is near public transit
  • Wood Flooring

About This Home

As of February 2023

Terrific opportunity to own a substantial investment property and a piece of Lee’s history - plus 1 or 2 possibly buildable lots. “Maywood” is a gorgeous Greek Revival home in a private yet convenient East Lee location. Built c.1845 by the Mays as a 2-family and converted to a 6-family by the 2nd owners in 1940. Now for sale by the 3rd owner who has lovingly cared for the property since 1983. Currently a large 2-level “owner’s unit” with extensive period details and marble fireplace surrounds, (4) 1-bedroom apartments and (1) studio apartment. Could be reconfigured. Combination of oil and gas heat; gas cooking in all apts. Vinyl siding; replacement windows. Plenty of off-street parking. Town water & sewer. Beautiful 65,000 sq ft lot w/frontage on Silver & Forest Streets. Zoned RA-40. Per Zoning Table, 20,000 min lot size. Come see the potential for increasing value and rents through updates. Ask us for the extensive packet of information we've prepared. Buyer to do own due diligence.

Last Agent to Sell the Property

Tracy Boehme

Keller Williams Realty Boston Northwest Listed on: 09/14/2022

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Tracy Boehme

Keller Williams Realty Boston Northwest Listed on: 09/14/2022

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,614

Year Built

  • Built in 1845

Lot Details

  • 1.5 Acre Lot
  • Corner Lot
  • Level Lot
  • Wooded Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 7,956 Sq Ft Home
  • 6 Fireplaces
  • Wood Burning Fireplace
  • Insulated Windows
  • Window Screens

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry Room
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 20 Car Parking Spaces
  • Common or Shared Parking
  • Stone Driveway
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Above Ground Pool
  • Outdoor Storage
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lee Elementary School
  • Lee Middle/High School

Utilities

  • No Cooling
  • 7 Heating Zones
  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $1,950
  • Rent includes unit 2(water), unit 3(heat gas water), unit 4(heat water)
  • Assessor Parcel Number 2692856

Community Details

Overview

  • 6 Units
  • Property has 2 Levels

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Building Details

  • Electric Expense $3,886
  • Insurance Expense $9,167
  • Water Sewer Expense $1,391
  • Operating Expense $35,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,614

Year Built

Built in 1845

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1845
  • Buyer Agency: 2.50%
  • Buyer Agency Type: %
  • Transaction Broker: 2.50%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet, Unit 1(undefined)
  • Interior Amenities: Unit 1(Crown Molding,Stone/Granite/Solid Counters), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen,Office/Den), Unit 4 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Fireplace Features: Unit 1(Fireplace - Wood burning)
  • Fireplace YN: Yes
  • Fireplaces: 6
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Oil Water Heater,Gas Water Heater,Electric Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bathrooms: 8
  • Total Bathrooms: 7.5
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Partial, Interior Entry, Unfinished
  • Living Area: 7956
  • Stories Total: 7
  • Window Features: Insulated Windows, Screens
  • MAIN LO: BB3298
  • LIST PRICE PER Sq Ft: 56.44
  • PRICE PER Sq Ft: 40.85
  • MAIN SO: BB3298

Exterior Features

  • Exterior Features: Storage, Garden
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Pool Features: Above Ground
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Common, Guest, Stone/Gravel
  • Total Parking Spaces: 20

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Oil), Unit 3(Oil), Unit 4(Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 7
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Laundromat, Highway Access, House of Worship, Private School, Public School
  • Rent Includes: Unit 2(Water), Unit 3(Heat,Gas,Water), Unit 4(Heat,Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1391

Lot Info

  • Parcel Number: 2692856
  • Zoning: RA 40
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Wooded, Gentle Sloping, Level
  • Lot Size Acres: 1.5
  • Lot Size Area: 1.5
  • Lot Size Sq Ft: 65340
  • Lot Size Units: Acres
  • PAGE: 811
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5614.25
  • Tax Book Number: 1077

Multi Family

  • Electric Expense: 3886
  • Gross Income: 41520
  • Insurance Expense: 9167
  • Number Of Units Total: 6
  • Operating Expense: 35655
  • Total Actual Rent: 1950
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Lee Middle/High
  • Elementary School: Lee Elementary
  • Middle Or Junior School: Lee Middle/High

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Price Changed $1,499,900 -3.9% $189 / Sq Ft
12/10/2024 12/10/24 For Sale $1,560,000 +380.0% $196 / Sq Ft
02/15/2023 02/15/23 Sold $325,000 -27.6% $41 / Sq Ft
02/06/2023 02/06/23 For Sale $449,000 0.0% $56 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $449,000 -- $56 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73036451

MLS Property Information Network (MLS PIN)