NOT LISTED FOR SALE

5 1/2 Prospect St Rockport, MA 01966

Estimated Value: $858,704 - $1,152,000

5 Beds
4 Baths
2,119 Sq Ft
$448/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $777,000 $367 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,780/month

6 Days on Market

Highlights

  • Granite Flooring
  • Enclosed Patio or Porch
  • Shops
  • Property is near public transit
  • Park
  • 1 Car Garage

About This Home

As of May 2022

Charming 2-level multi-unit property located in a highly desirable neighborhood. Walking distance to town center and the quaint Old Garden Beach. This well-maintained property consists of 3 units and a permitted live-in studio. The property is set back with a large front yard with each unit having separate private entrances on South Street Court and Prospect Street. The property features 5 bedrooms and 4 baths with ample parking that consists of 3 off-street parking spaces and an attached 1-car garage. Two units have screened porches offering private outdoor space, another has a covered front porch overlooking the beautifully landscaped grounds. Many updates have been made to the property. The property presents opportunity for investors to develop, use as rental income, convert to single family living, or multigenerational vacation home. Showings by APPOINTMENT ONLY 4/7 & 4/8 from 1pm-3pm.

Last Agent to Sell the Property

Giuseppe Ravida

Giuseppe Ravida Listed on: 04/05/2022

Giuseppe Ravida

Last Buyer's Agent

The Residential Group

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,178

Year Built

  • Built in 1950

Lot Details

  • 6,313

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,119 Sq Ft Home
  • Granite Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • Enclosed Patio or Porch
  • 6,313 Sq Ft Lot
  • Property is near public transit

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,178

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1950
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 4(Studio), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Electric Water Heater
  • Total Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Living Area: 2119
  • Stories Total: 6
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 362.91
  • PRICE PER Sq Ft: 366.68
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Granite
  • Patio And Porch Features: Porch, Enclosed, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Electric Baseboard), Unit 2(Forced Air,Oil), Unit 3(Forced Air,Oil), Unit 4(Electric Baseboard)
  • Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park
  • Senior Community YN: No

Lot Info

  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6313
  • Lot Size Units: Acres
  • PAGE: 564
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5177.78
  • Tax Book Number: 35259

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 2
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 41 Pleasant Street Llc $350,000
Closed 41 Pleasant Street Llc $582,700
Closed Silva Edith $389,702
Closed Silva Edith $422,262
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $777,000 +1.0% $367 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $769,000 -- $363 / 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 $7,381 $842,600 $325,700 $516,900
2024 $6,796 $807,100 $310,600 $496,500
2023 $5,621 $596,100 $287,200 $308,900
2022 $5,482 $558,200 $288,100 $270,100
2021 $5,178 $531,600 $274,400 $257,200
2020 $4,524 $447,900 $231,200 $216,700
2019 $4,272 $433,300 $225,500 $207,800
2018 $4,221 $417,500 $215,700 $201,800
2017 $4,094 $362,900 $195,600 $167,300
2016 $4,021 $357,400 $190,100 $167,300
2015 $3,931 $357,400 $190,100 $167,300
2014 $3,888 $345,000 $172,800 $172,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72960689

MLS Property Information Network (MLS PIN)

APN: ROCK-000022-000000-000046A