NOT LISTED FOR SALE

48 Washington St Ayer, MA 01432

Estimated Value: $576,467 - $609,000

5 Beds
3 Baths
2,627 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $495,000 $188 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,680/month

68 Days on Market

Highlights

  • Golf Course Community
  • Waterfront
  • Property is near public transit
  • Medical Services
  • Deck
  • Wood Flooring

About This Home

As of March 2022

This rare three unit home is a short distance from Ayer Center. It is currently fully rented with a monthly income of $4800. There are three updated kitchens and adequate bathrooms. Unit three is a three bedroom unit with an open concept living area. Unit one and two are one bedroom units perfect for the tidy tenant. All units have assigned parking. The home has a fully enclosed front porch for protected and lighted entry to the building. The location is very near Ayer Center which gives easy access to a variety of restaurants, banks, coffee shops, town hall, post office, and library. The commuter rail stop to Cambridge, Belmont, Boston, and Fitchburg is in the Center with 7 day hourly service from 5am to 1am.

Last Agent to Sell the Property

Pat Bagni-Latimer

MA Real Estate Center Listed on: 11/19/2021

Co-Listed By

Ron Morrison

MA Real Estate Center

Last Buyer's Agent

Francisco Alonso

Dell Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,099

Year Built

  • Built in 1860

Lot Details

  • 6,098 Sq Ft Lot
  • Waterfront
  • Near Conservation Area
  • Corner Lot
  • Irregular Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,627 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $4,800
  • Rent includes unit 1(other (see remarks)), unit 2(none), unit 3(heat water)
  • Assessor Parcel Number M:019 B:0000 L:0145,346750

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

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

Additional Features

  • 3 Units
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,099

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1860
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood,Vinyl,Carpet,Varies Per Unit
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator)
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Concrete
  • Living Area: 2627
  • Stories Total: 4
  • MAIN LO: AN4556
  • LIST PRICE PER Sq Ft: 180.43
  • PRICE PER Sq Ft: 188.43
  • MAIN SO: AN1378

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Irregular
  • Patio And Porch Features: Enclosed, Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 3(None)
  • Heating: Unit 1(Electric), Unit 2(Electric Baseboard,Oil,Common), Unit 3(Steam,Oil)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Ayer

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, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Other (See Remarks)), Unit 2(None), Unit 3(Heat,Water)

Lot Info

  • Parcel Number: M:019 B:0000 L:0145,346750
  • Zoning: GR
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.4
  • Lot Size Units: Acres
  • LOT SIZE: 6055
  • PAGE: 460

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4099
  • Tax Book Number: 74289

Multi Family

  • Gross Income: 57600
  • Net Operating Income: 57600
  • Number Of Units Total: 3
  • Total Actual Rent: 4800
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Ernst Michael and Wilmington Svgs Fund Soc
Bought by
Wilmington Svgs Fund Soc
Current Estimated Value
$593,867
Source: Public Records

Range of Values:

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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
Wilmington Svgs Fund Soc $179,735 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Maxuel S $486,034
Closed Washington Street Rt $237,750
Previous Owner Ernst May E $85,000
Previous Owner Ernst Kimberly L $71,398
Previous Owner Ernst May E $122,000
Previous Owner Ernst Edward $100,000
Previous Owner Ernst Edward $54,601
Previous Owner Ernst Edward $60,000
Previous Owner Ernst Edward $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $495,000 +4.4% $188 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
01/20/2022 01/20/22 For Sale -- -- --
01/08/2022 01/08/22 Pending -- -- --
12/21/2021 12/21/21 For Sale -- -- --
11/25/2021 11/25/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $474,000 +170.9% $180 / Sq Ft
03/05/2020 03/05/20 Sold $175,000 -10.2% $66 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $194,900 -- $73 / 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 $5,396 $451,200 $131,200 $320,000
2024 $4,703 $383,900 $131,200 $252,700
2023 $4,413 $355,300 $123,000 $232,300
2022 $4,454 $331,900 $107,000 $224,900
2021 $4,099 $289,900 $98,000 $191,900
2020 $3,911 $277,400 $94,300 $183,100
2019 $3,604 $264,400 $89,900 $174,500
2018 $3,615 $250,500 $87,200 $163,300
2017 $3,308 $229,900 $74,100 $155,800
2016 $3,242 $223,100 $80,300 $142,800
2015 $2,880 $197,000 $85,700 $111,300
2014 $2,912 $206,800 $85,700 $121,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72921799

MLS Property Information Network (MLS PIN)

APN: AYER-000019-000000-000145