NOT LISTED FOR SALE

455 Main St Cherry Valley, MA 01611

Estimated Value: $619,000 - $859,000

12 Beds
5 Baths
4,915 Sq Ft
$157/Sq Ft Est. Value

Last Sold April 16, 2024

Last sale price $761,000 $155 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,046/month

5 Days on Market

Highlights

  • Deck
  • Shops
  • Dining Room
  • Living Room

About This Home

As of April 2024

Welcome to this newly renovated 3-family property, featuring spacious units ready for immediate occupancy or rental income. The interior renovations are complete, making it hassle-free for you to move in or start collecting rent. Take advantage of the opportunity for owner-occupied living or a lucrative rental investment, especially with one unit currently vacant.This property is a prime choice, whether you're seeking a comfortable home with rental income potential or aiming to strengthen your real estate portfolio. Don't miss out on the chance to own or invest in this beautifully renovated 3-family property. Join us for showings starting March 9th at the Open House from 11:00 am to 1:00 pm. Your dream home or solid investment awaits!

Last Agent to Sell the Property

Ferrari Property Group

Keller Williams Pinnacle Central Listed on: 03/05/2024

Keller Williams Pinnacle Central

Co-Listed By

Gizely Guimaraes

Keller Williams Pinnacle Central

Last Buyer's Agent

Ivanka Roberts

Keller Williams Pinnacle Central

Keller Williams Pinnacle Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,409

Year Built

  • Built in 1900

Lot Details

  • 7,356

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,915 Sq Ft Home
  • Living Room
  • Dining Room
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Additional Features

  • Deck
  • 7,356 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $4,900
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:23A B:00000E1 L:0,1558763

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Additional Features

  • Shops
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,409

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Varies
  • Interior Amenities: Dining Room, Kitchen, Laundry Room, Living Room
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 4915
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN8160
  • MAIN SO: AN8160

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Water Source: Public
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Shopping
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:23A B:00000E1 L:0,1558763
  • Zoning: B
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7356
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5409

Multi Family

  • Net Operating Income: 58800
  • Number Of Units Total: 3
  • Total Actual Rent: 4900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 6, 2021
Sold by
Lysius Nicole
Bought by
Thames Benjy and Goncalves-Delima Lucas
Seller's Agent
Jonathan Robidas
Real Broker MA, LLC
Buyer's Agent
The Nunes Group
RE/MAX American Dream
List Price
$489,900
Sold Price
$520,000
Premium/Discount to List
$30,100
6.14%
Current Estimated Value
$773,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,534
Avg. Annual Appreciation
10.22%
Original Mortgage
$510,581
Outstanding Balance
$467,535
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$305,999

Purchase Details

Closed on
Mar 20, 2019
Sold by
Lysius Nicole
Bought by
Lysius Nicole and Thames Benjy

Purchase Details

Listed on
Aug 18, 2018
Closed on
Nov 8, 2018
Sold by
Inlite Realty Corp
Bought by
Lysius Nicole
Seller's Agent
Lisa Antanavica
ERA Key Realty Services- Spenc
Buyer's Agent
Jonathan Robidas
Real Broker MA, LLC
List Price
$299,900
Sold Price
$282,700
Premium/Discount to List
-$17,200
-5.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.09%
Original Mortgage
$268,305
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 1996
Sold by
Kiley Kevin
Bought by
Inlite Realty Corp

Purchase Details

Closed on
Oct 22, 1993
Sold by
Spencer S B
Bought by
Kiley Kevin P and Kiley Nandy

Purchase Details

Closed on
Feb 24, 1993
Sold by
Pashoian Brian M
Bought by
Spencer Sb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thames Benjy $520,000 None Available
Lysius Nicole -- --
Lysius Nicole -- --
Lysius Nicole -- --
Lysius Nicole $282,700 --
Inlite Realty Corp $77,801 --
Inlite Realty Corp $77,801 --
Kiley Kevin P $34,000 --
Spencer Sb $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thames Benjy $510,581
Closed Thames Benjy $510,581
Previous Owner Lysius Nicole $268,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2024 04/16/24 Sold $761,000 +10.3% $155 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $690,000 +32.7% $140 / Sq Ft
12/07/2021 12/07/21 Sold $520,000 +6.1% $131 / Sq Ft View Prior Sale
10/10/2021 10/10/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $489,900 +73.3% $124 / Sq Ft
11/08/2018 11/08/18 Sold $282,700 -5.7% $71 / Sq Ft View Prior Sale
09/09/2018 09/09/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $299,900 -- $76 / 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 $64 $546,600 $65,600 $481,000
2024 $6,165 $491,200 $56,700 $434,500
2023 $5,409 $420,600 $56,700 $363,900
2022 $4,231 $302,400 $53,900 $248,500
2021 $4,413 $291,700 $53,900 $237,800
2020 $4,200 $281,700 $47,200 $234,500
2019 $3,473 $230,300 $42,500 $187,800
2018 $3,311 $205,800 $42,500 $163,300
2017 $3,186 $205,800 $42,500 $163,300
2016 $3,086 $207,100 $53,000 $154,100
2015 $3,011 $207,100 $53,000 $154,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73208441

MLS Property Information Network (MLS PIN)

APN: LEIC-000023AE000001