$563,000
SOLD NOV 5, 2024

47 Laurel St East Weymouth, MA 02189

3 Beds
2 Baths
1,510 Sq Ft
9,900 Sq Ft Lot

Recently Sold

$373 Per Sq Ft

6% Below List Price

86 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Tandem Parking
  • Granite Flooring
  • Porch
  • Living Room

About This Home

As of November 2024

Wait until you see this location. A two family on a street comprised of mostly single family homes. A chance to live in a great pocket residential neighborhood while realizing rental income from the other unit. The best of two worlds. It has large yard. Located near schools, parks and shopping. It's a perfect place for someone looking to get started in real estate and have half of their mortgage paid by someone else. With 2 distinct units, this property presents a fantastic opportunity not only for rental income, but also a flexible multigenerational living arrangement should you need that. The Jackson Square area is being slated for rejuvenation. People love the location with it's proximity to the commuter rail, Hingham & all the South Shore has to offer.

Last Agent to Sell the Property

Mike Mahoney

Real Broker MA, LLC Listed on: 07/30/2024

Real Broker MA, LLC

Last Buyer's Agent

Phil Ragusa

Boston Premier Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,088

Year Built

  • Built in 1878

Lot Details

  • 9,900 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,510 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Screens
  • Living Room
  • Dining Room
  • Range

Flooring

  • Wood
  • Laminate
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 6 Car Parking Spaces
  • Tandem Parking
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Wps Elementary And Middle School
  • Wps High School

Utilities

  • 2 Heating Zones

Listing and Financial Details

  • Total Actual Rent $3,650
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:18 B:242 L:004,273831

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops

Building Details

  • Insurance Expense $1,400
  • Water Sewer Expense $1,200
  • Operating Expense $2,600
  • Net Operating Income $41,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,088

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1878
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 1510
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN4866
  • LIST PRICE PER Sq Ft: 396.69
  • PRICE PER Sq Ft: 372.85
  • MAIN SO: NB3624

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle, Metal
  • Waterfront Features: Beach Front, River, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Tandem, Assigned, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • SEWAGE DISTRICT: WPS
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1200

Lot Info

  • Parcel Number: M:18 B:242 L:004,273831
  • Zoning: R-2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9900
  • Lot Size Units: Acres
  • PAGE: 362
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5088
  • Tax Book Number: 32206

Multi Family

  • Gross Income: 43800
  • Insurance Expense: 1400
  • Net Operating Income: 41200
  • Number Of Units Total: 2
  • Operating Expense: 2600
  • Total Actual Rent: 3650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Wps
  • Elementary School: Wps
  • Middle Or Junior School: Wps

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2025
Sold by
Novick Stephen
Bought by
47 Laurel Street Llc
Current Estimated Value
$594,256

Purchase Details

Listed on
Mar 5, 2014
Closed on
Apr 29, 2014
Sold by
Mcphail Jeanne and Mcphail Michael
Bought by
Kennedy Rental Propert
Seller's Agent
Michael Molisse
William Raveis R.E. & Home Services
Buyer's Agent
Dorothy McLaughlin
TLC Real Estate
List Price
$299,900
Sold Price
$288,150
Premium/Discount to List
-$11,750
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$216,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2005
Sold by
Ryan John V and Ryan Joyce
Bought by
Mcphail Jeanne and Mcphail Michael
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Not Resolvable $288,150 --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $548,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $584,400 Purchase Money Mortgage
Previous Owner $216,000 New Conventional
Previous Owner $250,000 No Value Available
Previous Owner $250,000 No Value Available
Previous Owner $150,000 No Value Available
Previous Owner $13,889 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $563,000 -6.0% $373 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $599,000 +107.9% $397 / Sq Ft
04/29/2014 04/29/14 Sold $288,150 -3.9% $171 / Sq Ft
03/30/2014 03/30/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $299,900 -- $178 / 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 $5,252 $520,000 $205,000 $315,000
2024 $5,088 $495,400 $195,300 $300,100
2023 $4,931 $471,900 $180,800 $291,100
2022 $4,798 $418,700 $167,400 $251,300
2021 $4,444 $378,500 $167,400 $211,100
2020 $4,234 $355,200 $167,400 $187,800
2019 $4,130 $340,800 $161,000 $179,800
2018 $3,825 $306,000 $153,300 $152,700
2017 $3,648 $284,800 $146,000 $138,800
2016 $3,291 $257,100 $140,400 $116,700
2015 $3,302 $256,000 $140,400 $115,600
2014 $3,233 $243,100 $130,700 $112,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73271387

MLS Property Information Network (MLS PIN)

APN: WEYM-000018-000242-000004