NOT LISTED FOR SALE

Estimated Value: $470,500

5 Beds
3 Baths
1,914 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $725,000 $379 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $2,978/month

Highlights

  • Waterfront
  • Deck
  • Tile Flooring
  • William P. Gorman/Fort Banks Elementary School Rated A-
  • Patio

About This Home

As of March 2022

This property has ocean views and is only a few steps to Winthrop beach. There is off street parking and a patio yard. The units are very nice with open floor plans. This property can offer two units with one of the units having an extended family suite. The first floor unit can be easily combined with the fully finished basement to provide a full extended family suite. This is an easy maintenance property that offers a lot of living space in a great location. This home could also be a single family with huge extended family suites. Come visit our Winthrop by the Sea, only minutes to Boston by auto, the T and by the town owned water shuttle. Winthrop offers 3 new schools, 3+ yacht clubs and two marinas, a golf course, miles of beaches and miles of seaside walking trails.

Last Agent to Sell the Property

Sharon Tallent

Compass Listed on: 01/12/2022

Compass

Last Buyer's Agent

Ella Goren

Lokos Realty & Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,381

Year Built

  • Built in 1940

Lot Details

  • 3,485 Sq Ft Lot
  • Waterfront

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,914 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio

Location

  • Flood Zone Lot

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,000
  • Assessor Parcel Number 1422298

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $3,904
  • Insurance Expense $2,153
  • Water Sewer Expense $3,127
  • Operating Expense $12,184
  • Net Operating Income $38,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,381

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1940
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 1914
  • Stories Total: 3
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 378.79
  • PRICE PER Sq Ft: 378.79
  • MAIN SO: NB4834

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 3127

Lot Info

  • Parcel Number: 1422298
  • Zoning: 1 family
  • Farm Land Area Units: Square Feet
  • Lot Features: Flood Plain
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3484.8
  • Lot Size Units: Acres
  • LOT SIZE: 3596
  • PAGE: 200

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6381
  • Tax Book Number: 15249

Multi Family

  • Electric Expense: 3904
  • Gross Income: 50400
  • Insurance Expense: 2153
  • Net Operating Income: 38216
  • Number Of Units Total: 2
  • Operating Expense: 12184
  • Total Actual Rent: 5000
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
46 Sturgis Llc
Bought by
Alexander Sean
Current Estimated Value
$470,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,000
Outstanding Balance
$353,239
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2022
Sold by
46 Sturgis Llc
Bought by
Odobashi Olsi and Odobashi Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.61%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 1, 2022
Sold by
46 Sturgis Llc
Bought by
Wegman Esther G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.61%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Alexander Sean $412,000 None Available
Odobashi Olsi $531,000 None Available
Wegman Esther G $515,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Sean $362,000
Previous Owner 46 Sturgis Llc $300,000
Previous Owner Odobashi Olsi $504,450
Previous Owner Wegman Esther G $215,000
Previous Owner 46 Sturgis Llc $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $725,000 0.0% $379 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $725,000 -- $379 / 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
2022 $6,532 $555,400 $254,800 $300,600
2021 $6,382 $503,300 $227,500 $275,800
2020 $5,894 $467,000 $227,500 $239,500
2019 $5,391 $430,200 $209,700 $220,500
2018 $5,151 $390,900 $180,000 $210,900
2017 $5,120 $355,300 $159,600 $195,700
2016 $4,994 $324,900 $138,800 $186,100
2015 $4,382 $305,600 $134,700 $170,900
2014 $4,554 $292,300 $125,300 $167,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72933094

MLS Property Information Network (MLS PIN)

APN: WINT-000033-000000-000032