NOT LISTED FOR SALE

Estimated Value: $349,000 - $366,000

9 Beds
3 Baths
4,029 Sq Ft
$89/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $237,500 $59 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,728/month

25 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 4 Car Detached Garage
  • Attic
  • Walking Distance to Water
  • Porch

About This Home

As of June 2022

Huge, turn key, three-family property with cash flow and opportunity to increase the ROI. This multifamily features all renovated, 3 bed/1 bath units with approx. 1,340 SF each = 100% occupied. 1st fl was recently renovated, painted and has new floors. 2nd floor was recently renovated with new floors, fixtures and paint. 3rd fl was also recently renovated with new floors and paint. The utilities are separate and tenant paid - gas heat and hot water. There is a 4-car detached garage for additional rental income or storage + off-street parking also available. Super low expenses = 32% potential ROI. This property can be purchased as part of a larger portfolio.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 02/04/2022

Oxford Realty

Last Buyer's Agent

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 02/04/2022

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,773

Year Built

  • Built in 1904

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 4,029 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 4 Car Detached Garage
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,773

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Neighborhood: Waterville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4029
  • Public Record Living Room Sq Ft: 4029
  • Total Sq Ft: 4029
  • Year Built: 1904
  • Nearby Amenities: Commuter Bus, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Waterville St to Wyman St
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Off Street Parking
  • Garages Number: 4
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2100
  • Lot Description: N/A
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 32400
  • Unit Count: 3
  • Total Multi Family: 15
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 1773
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1376485

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
Apr 14, 2022
Sold by
T & O Re Dev Group Llc
Bought by
Wakefield Heights Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$269,900
Sold Price
$237,500
Premium/Discount to List
-$32,400
-12%
Current Estimated Value
$358,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,500
Avg. Annual Appreciation
12.44%

Purchase Details

Closed on
Dec 20, 2004
Sold by
Rhitagin Richard
Bought by
Logan Street Rlty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 1996
Sold by
Fhlmc
Bought by
Nieves Hector L and Nieves Margarita
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
Wakefield Heights Llc $237,500 None Available
Logan Street Rlty $165,000 --
Nieves Hector L $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nieves Hector L $132,000
Previous Owner Nieves Hector L $116,000
Previous Owner Nieves Hector L $37,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $237,500 -12.0% $59 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $269,900 -- $67 / Sq Ft
Source: SmartMLS

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 $10,116 $224,910 $8,120 $216,790
2024 $11,120 $224,910 $8,120 $216,790
2023 $12,188 $224,910 $8,120 $216,790
2022 $1,773 $29,440 $8,110 $21,330
2021 $1,773 $29,440 $8,110 $21,330
2020 $1,773 $29,440 $8,110 $21,330
2019 $1,773 $29,440 $8,110 $21,330
2018 $1,773 $29,440 $8,110 $21,330
2017 $2,063 $34,270 $8,110 $26,160
2016 $2,063 $34,270 $8,110 $26,160
2015 $1,995 $34,270 $8,110 $26,160
2014 $1,995 $34,270 $8,110 $26,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170465196

SmartMLS

APN: WATE-000214-000537-000039