NOT LISTED FOR SALE

465 Columbia Rd Dorchester, MA 02125

Uphams Corner-Jones Hill Neighborhood

Estimated Value: $3,414,031

11 Beds
11 Baths
14,640 Sq Ft
$233/Sq Ft Est. Value

Last Sold May 17, 2016

Last sale price $1,850,000 $126 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $18,566/month

238 Days on Market

About This Home

As of May 2016

465 Columbia Rd offers investors the opportunity to acquire a well-positioned asset in one of the top investment markets in the country. 465 Columbia Rd is a 3 story, 11-unit building with a single office space on the ground level. The asset is master leased for 10 yrs to the Pine Street Inn, one of Boston's largest non-profit landlords, providing a 10 yr net lease guaranteed income. The building has undergone an extensive capital improvement program including installation of vinyl floors, updated kitchens with stainless steel appliances, fire-life safety systems, washer/dryers, and a new roof. The location provides residents an ideal location, situated in a transportation hub btwn both the Upham's Corner MBTA commuter rail station and the Savin Hill MBTA Red Line Station. The commuter rail stop is just 0.5 miles from the building with service along the Fairmount Line to South Station and the Savin Hill MBTA station is just 1.0 miles from the asset providing service along the Red Line.

Last Agent to Sell the Property

Chris Sower

Cushman & Wakefield Listed on: 09/22/2015

Last Buyer's Agent

Timothy Long

Tim Long

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$0

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Sub-Agency Relationship Offered: Yes
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 4
  • Total Levels: 2

Exterior Features

  • Exterior: Brick
  • Foundation: Other (See Remarks)

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 11

Lot Info

  • Assessor Parcel Number: W:15 P:02616 S:000
  • Zoning: 99

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 11
  • Total Floors: 3
  • Total Full Baths: 11
  • Total Levels: 3
  • Total Rms: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2015
Closed on
May 17, 2016
Sold by
Aeneas 4 Llc
Bought by
Community Dev Corp
Seller's Agent
Chris Sower
Cushman & Wakefield
Buyer's Agent
Timothy Long
Tim Long
List Price
$2,000,000
Sold Price
$1,850,000
Premium/Discount to List
-$150,000
-7.5%
Current Estimated Value
$3,414,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,564,031
Avg. Annual Appreciation
6.25%

Purchase Details

Listed on
Nov 1, 2012
Closed on
May 23, 2013
Sold by
Columbia Road Boston L
Bought by
Aeneas 4 Llc
Seller's Agent
Michael McGuire
Insight Realty Group, Inc.
Buyer's Agent
Benjamin Virga
Bridgestone Properties, LLC
List Price
$1,295,000
Sold Price
$1,500,000
Premium/Discount to List
$205,000
15.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$1,120,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2004
Sold by
Hearn Group Rlty Llc
Bought by
Columbia Road Boston L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2004
Sold by
Columbia Road Llc 465
Bought by
Hearn Group Rlty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 1998
Sold by
Columbia Road Corp
Bought by
Columbia Road Llc 465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.08%
Mortgage Type
Commercial
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
Community Dev Corp $1,850,000 --
Aeneas 4 Llc $1,501,466 --
Columbia Road Boston L $700,000 --
Hearn Group Rlty Llc $465,000 --
Columbia Road Llc 465 $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Community Development $1,600,000
Previous Owner Aeneas 4 Llc $1,120,000
Previous Owner Columbia Road Boston L $1,140,000
Previous Owner Columbia Road Llc 465 $1,200,000
Previous Owner Columbia Road Llc 465 $420,000
Previous Owner Columbia Road Llc 465 $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2016 05/17/16 Sold $1,850,000 -7.5% $126 / Sq Ft
09/22/2015 09/22/15 For Sale $2,000,000 +33.3% $137 / Sq Ft
05/23/2013 05/23/13 Sold $1,500,000 +15.8% $137 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $1,295,000 -- $118 / 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 $0 $1,183,800 $414,800 $769,000
2024 $0 $1,258,700 $414,800 $843,900
2023 $0 $1,417,300 $414,800 $1,002,500
2022 $0 $1,362,400 $414,800 $947,600
2021 $0 $1,365,200 $401,000 $964,200
2020 $0 $1,291,000 $401,000 $890,000
2019 $0 $1,232,500 $401,000 $831,500
2018 $14,489 $1,382,500 $387,200 $995,300
2017 $16,176 $1,527,500 $366,400 $1,161,100
2016 $15,169 $1,379,000 $338,700 $1,040,300
2015 $13,400 $1,106,500 $304,200 $802,300
2014 $12,442 $989,000 $262,700 $726,300
Source: Public Records

Agents Affiliated with this Home

  • Chris Sower

    Seller's Agent in 2016

    Chris Sower

    Cushman & Wakefield

    (617) 204-4134

    40 Total Sales

    Chris Sower
    Section Image

  • T

    Buyer's Agent in 2016

    Timothy Long

    Tim Long

    Section Image
  • Michael McGuire

    Seller's Agent in 2013

    Michael McGuire

    Insight Realty Group, Inc.

    (617) 839-8944

    127 Total Sales

    Michael McGuire
    Section Image
  • Benjamin Virga

    Buyer's Agent in 2013

    Benjamin Virga

    Bridgestone Properties, LLC

    (857) 342-0644

    13 Total Sales

    Benjamin Virga
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71908388

MLS Property Information Network (MLS PIN)

APN: DORC-000000-000015-002616

Massachusetts Suffolk County Dorchester 02125 Uphams Corner-Jones Hill

465 Columbia Rd, Dorchester, MA

This home is located at 465 Columbia Rd, Dorchester, MA 02125 since 22 September 2015 and is currently estimated at $3,414,031, approximately $233 per square foot. This property was built in 1920. 465 Columbia Rd is a home located in Suffolk County with nearby schools including Boston Collegiate Charter School, Pope John Paul II Catholic Academy Columbia Campus, and Uncommon Schools Roxbury Prep Dorchester Campus.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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