NOT LISTED FOR SALE

488 Shea St Fitchburg, MA 01420

Estimated Value: $498,000 - $543,846

3 Beds
3 Baths
2,200 Sq Ft
$241/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $501,000 $228 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,831/month

6 Days on Market

Highlights

  • Medical Services
  • Open Floorplan
  • Cathedral Ceiling
  • Spa
  • Deck
  • Wood Flooring

About This Home

As of May 2024

Two homes, one incredible opportunity! Appealing for investors and owner occupants alike. Unique to this property is that both units are single family houses, perfect for an extended family member to occupy or to use as a rental property for additional cash flow -- All while you enjoy the privacy and luxury of single family living! Or rent out both units as an investment. One house has 2 bedrooms/1.5 baths and the other house has 1 bedroom/1 bath. Large yard, formal dining rooms, spacious eat-in kitchens and each unit has it's own parking & detached garage! Newer water heaters in both units, recently updated kitchen & bath in Unit 1. Established residential neighborhood in a convenient commuter location. Endless possibilities!

Last Agent to Sell the Property

Kali Delorey

RE/MAX Journey Listed on: 04/03/2024

RE/MAX Journey

Co-Listed By

Robyn Arcand

RE/MAX Journey

Last Buyer's Agent

Tammi Fletcher

Coldwell Banker Realty - Leominster

Coldwell Banker Realty - Leominster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1920

Lot Details

  • 0.67 Acre Lot
  • Level Lot
  • Sprinkler System

Parking

  • 3 Car Garage
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,200 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Mud Room
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Sun or Florida Room
  • Range
  • Washer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Bathtub
  • Separate Shower

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Enclosed patio or porch
  • Shed

Schools

  • Reingold Elementary School
  • Memorial Middle School
  • FHS High School

Utilities

  • Heating System Uses Natural Gas
  • High Speed Internet

Community Details

  • 2 Units
  • Medical Services
  • Net Operating Income $41,100

Listing and Financial Details

  • Total Actual Rent $3,425
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:0145 B:0005 L:AA,1509611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2
  • Transaction Broker: N/A
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood, Tile, Vinyl, Varies, Hardwood
  • Interior Amenities: Ceiling Fan(s), Bathroom with Shower Stall, Bathroom With Tub, Internet Available - Fiber-Optic, Cathedral/Vaulted Ceilings, Open Floorplan, Remodeled, Slider, Living Room, Dining Room, Kitchen, Laundry Room, Mudroom, Sunroom, Family Room, Office/Den
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Partially Finished, Sump Pump
  • Living Area: 2200
  • Spa Features: Hot Tub/Spa
  • Spa YN: Yes
  • Stories Total: 2
  • Window Features: Insulated Windows
  • MAIN LO: AC1949
  • LIST PRICE PER Sq Ft: 209.05
  • PRICE PER Sq Ft: 227.73
  • MAIN SO: H10900

Exterior Features

  • Exterior Features: Balcony/Deck, Sprinkler System
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Enclosed, Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup, Varies per Unit
  • Heating: Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Medical Facility, Highway Access
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0145 B:0005 L:AA,1509611
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.67
  • Lot Size Area: 0.67
  • Lot Size Sq Ft: 29142
  • Lot Size Units: Acres
  • PAGE: 332
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5713
  • Tax Book Number: 10074

Multi Family

  • Gross Income: 41100
  • Net Operating Income: 41100
  • Number Of Units Total: 2
  • Total Actual Rent: 3425
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 2: 1

MLS Schools

  • High School: Fhs
  • Elementary School: Reingold
  • Middle Or Junior School: Memorial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 17, 2021
Sold by
Vautour Bill and Vautour Robyn
Bought by
Washington-Allen Anthony
Seller's Agent
Kristy Pappas
Coldwell Banker Realty - Leominster
Buyer's Agent
Tiffany Bosse
Keller Williams Pinnacle Central
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%
Current Estimated Value
$515,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,911
Avg. Annual Appreciation
9.42%
Original Mortgage
$368,280
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 17, 2016
Closed on
Apr 6, 2017
Sold by
Vautour Lt
Bought by
Vautour Bill and Vautour Robyn
Seller's Agent
Gary Lorden
LAER Realty Partners
Buyer's Agent
Gary Lorden
LAER Realty Partners
List Price
$279,900
Sold Price
$227,000
Premium/Discount to List
-$52,900
-18.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%
Original Mortgage
$234,491
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2016
Sold by
Vautour Richard J and Vautour Alice I
Bought by
Vautour Lt

Purchase Details

Closed on
Sep 25, 2003
Sold by
Labelle Delores M and Labelle Joseph A
Bought by
Vautour Alice and Vautour Richard J
Source: Public Records

Range of Values:

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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
Washington-Allen Anthony $360,000 None Available
Vautour Bill $259,000 --
Vautour Lt -- --
Vautour Alice -- --
Vautour Bill $259,000 --
Vautour Lt -- --
Vautour Alice -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Zachary F $475,950
Closed Brown Zachary F $475,950
Closed Washington-Allen Anthony $368,280
Previous Owner Vautour Bill $223,182
Previous Owner Vautour Bill $234,491
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $501,000 +8.9% $228 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $459,900 +27.8% $209 / Sq Ft
08/17/2021 08/17/21 Sold $360,000 +2.9% $203 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $349,900 +54.1% $197 / Sq Ft
04/06/2017 04/06/17 Sold $227,000 -18.9% $128 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
11/17/2016 11/17/16 For Sale $279,900 -- $158 / 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 $66 $486,700 $121,200 $365,500
2024 $6,185 $417,600 $87,100 $330,500
2023 $5,713 $356,600 $77,700 $278,900
2022 $6,387 $362,700 $76,400 $286,300
2021 $6,364 $334,400 $73,700 $260,700
2020 $6,276 $318,400 $72,400 $246,000
2019 $5,803 $283,200 $73,700 $209,500
2018 $5,391 $256,600 $68,400 $188,200
2017 $5,168 $240,500 $67,000 $173,500
2016 $4,887 $230,200 $61,700 $168,500
2015 $4,643 $224,500 $59,000 $165,500
2014 $4,442 $224,000 $59,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73213299

MLS Property Information Network (MLS PIN)

APN: FITC-000145-000005-000000AA