NOT LISTED FOR SALE

Estimated Value: $1,475,000 - $2,364,000

10 Beds
5 Baths
3,062 Sq Ft
$655/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $2,250,000 $735 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $12,393/month

57 Days on Market

Highlights

  • Golf Course Community
  • 0.18 Acre Lot
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • 5-minute walk to Ringer Park

About This Home

As of February 2024

Welcome to 46-48 Ridgemont Street, nestled between Boston College and Boston University! This fully leased 3-family property in Allston offers unmatched luxury. Immerse yourself in stainless steel appliances, in-unit laundry, central AC, and stunning hardwood floors in each unit. Convenience is redefined with proximity to Boston Landing, universities, bus lines, and the Green Line, all just off Commonwealth Ave. Easy access to the Mass Turnpike adds to the allure. Explore endless shopping, dining, and entertainment options right at your doorstep, with hospitals and universities within reach. This turn-key gem is ideal for investors and homeowners alike. Fully leased through 8/31/24, don't miss this golden opportunity to own in the heart of Allston! Reach out today to schedule a tour.

Last Listed By

Zachary Conley

NextGen Realty, Inc. Listed on: 10/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,641

Year Built

  • Built in 1890

Lot Details

  • 7,850 Sq Ft Lot
  • Near Conservation Area

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,062 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Wood Flooring
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 220 Volts
  • 200+ Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $14,275
  • Assessor Parcel Number 1209434

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $300
  • Insurance Expense $3,881
  • Operating Expense $21,798
  • Net Operating Income $156,102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,641

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1890
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 10
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Washer Hookup
  • Living Area: 3062
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: BB9279
  • LIST PRICE PER Sq Ft: 763.55
  • PRICE PER Sq Ft: 734.81
  • MAIN SO: AC2354

Exterior Features

  • Construction Materials: Frame, See Remarks
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle, Other
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Electric: 220 Volts, 200+ Amp Service, Other (See Remarks)
  • Water Source: Public, Individual Meter, Other
  • Hot Water: Other (See Remarks)

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1209434
  • Zoning: 3 Family
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7850
  • Lot Size Units: Acres
  • PAGE: 111
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12641
  • Tax Book Number: 63872

Multi Family

  • Electric Expense: 300
  • Gross Income: 171300
  • Insurance Expense: 3881
  • Net Operating Income: 156102
  • Number Of Units Total: 3
  • Operating Expense: 21798
  • Total Actual Rent: 14275
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Singh Talvinder and Kaur Maninder
Bought by
46-48 Rdgmont St Allston
Total Days on Market
57
Current Estimated Value
$2,005,750

Range of Values:

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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
46-48 Rdgmont St Allston -- None Available
46-48 Rdgmont St Allston -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Talvinder $1,500,000
Previous Owner Singh Talvinder $187,500
Previous Owner Lolastar Llc $1,273,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $2,250,000 -3.8% $735 / Sq Ft
12/19/2023 12/19/23 For Sale $2,338,000 0.0% $764 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
12/16/2023 12/16/23 Pending -- -- --
11/20/2023 11/20/23 Price Changed $2,338,000 -0.5% $764 / Sq Ft
10/21/2023 10/21/23 For Sale $2,349,999 -- $767 / 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 $15,280 $1,319,500 $537,800 $781,700
2024 $12,829 $1,177,000 $370,500 $806,500
2023 $12,641 $1,177,000 $370,500 $806,500
2022 $11,185 $1,028,000 $352,800 $675,200
2021 $10,753 $1,007,800 $345,900 $661,900
2020 $10,031 $949,900 $331,500 $618,400
2019 $9,357 $887,800 $246,300 $641,500
2018 $8,861 $845,500 $246,300 $599,200
2017 $8,370 $790,400 $246,300 $544,100
2016 $7,763 $705,700 $246,300 $459,400
2015 $7,467 $616,600 $212,300 $404,300
2014 $6,719 $534,100 $212,300 $321,800
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73172831

MLS Property Information Network (MLS PIN)

APN: ALLS-000000-000021-001250