NOT LISTED FOR SALE

5 Coral Ave Winthrop, MA 02152

Winthrop Beach Neighborhood

Estimated Value: $880,000 - $924,000

6 Beds
3 Baths
2,723 Sq Ft
$331/Sq Ft Est. Value

Last Sold December 23, 2021

Last sale price $795,500 $292 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,392/month

41 Days on Market

About This Home

As of December 2021

SUNDAY OPEN HOUSE CHANGED 130-3PM LOWEST PRICED 3 FAMILY IN WINTHROP! Steps to the Beach! Come and move right into this sizable three family on Winthrop Beach and add your finishing touches. Top floor 1 bedroom has been repainted and fresh new carpet added, occupied at $1500/month. Second floor VACANT 2 bedroom unit features fresh paint and new carpet. Kitchen is older. First floor apartment is a spacious VACANT 3 bedroom featuring an Eat in Kitchen with Wet Bar and New Stainless Steel Appliances, Living Room, Huge Front Deck, and walks out to Level Back Yard. Each of the units feature private decks, some with ocean views. Just steps to Winthrop Beach. Oil heat, separate gas hot water, separate electric, full basement with washer dryer. Property requires flood insurance, although longtime previous occupant and owner claims that the basement hasn't had water in years. Tremendous value and opportunity to add more with cosmetic upgrades! Call to schedule a showing

Last Agent to Sell the Property

Anthony DiCesare

Broad Sound Real Estate, LLC Listed on: 09/09/2021

Last Buyer's Agent

Joseph Barnes

Keller Williams Realty Boston-Metro | Back Bay

Keller Williams Realty Boston-Metro | Back Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,948

Year Built

  • 1900

Lot Details

  • 3,485

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,948

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Winthrop Beach
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Has Basement: Full
  • MAIN LO: AN0852
  • MAIN SO: BB5522
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Stories: 6

Exterior Features

  • Foundation Details: Block
  • Disclosures: Seller Has Never Occupied Property. Agent Has Ownership Interest In Property
  • Lot Features: Level
  • Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach
  • Waterfront: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 3460
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3484.8
  • Zoning: 00

Multi Family

  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3
  • Annual Gross Income: 18000
  • Property Net Operating Income: 18000
  • Number Of Units Total: 3
  • Total Actual Rent: 1500

Tax Info

  • Tax Annual Amount: 6726.74
  • Tax Book Number: 66021
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Dec 23, 2021
Sold by
Beachmont Investments Llc
Bought by
Barnes Joseph
Seller's Agent
Anthony DiCesare
Broad Sound Real Estate, LLC
Buyer's Agent
Joseph Barnes
Keller Williams Realty Boston-Metro | Back Bay
List Price
$829,000
Sold Price
$795,500
Premium/Discount to List
-$33,500
-4.04%
Current Estimated Value
$901,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,232
Avg. Annual Appreciation
3.22%

Purchase Details

Closed on
Aug 2, 2021
Sold by
Colvario Ft
Bought by
Beachmont Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2017
Sold by
Colvario Jean and Colvario Joseph
Bought by
Colvario Ft
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barnes Joseph $795,500 None Available
Beachmont Investments Llc $700,000 None Available
Colvario Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beachmont Investments Llc $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2021 12/23/21 Sold $795,500 -4.0% $292 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $829,000 -- $304 / 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 $7,948 $770,200 $322,500 $447,700
2024 $7,864 $754,700 $310,000 $444,700
2023 $8,150 $761,700 $283,700 $478,000
2022 $6,881 $585,100 $253,400 $331,700
2021 $6,727 $530,500 $226,300 $304,200
2020 $6,189 $490,400 $226,300 $264,100
2019 $5,949 $451,400 $208,500 $242,900
2018 $5,824 $411,300 $179,000 $232,300
2017 $5,391 $374,100 $158,700 $215,400
2016 $5,270 $342,900 $138,000 $204,900
2015 $4,617 $322,000 $134,000 $188,000
2014 $4,803 $308,300 $124,600 $183,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Anthony DiCesare

    Broad Sound Real Estate, LLC

    (617) 990-7209

    1 in this area

    5 Total Sales

    Anthony DiCesare
    Section Image
  • Joseph Barnes

    Buyer's Agent in 2021

    Joseph Barnes

    Keller Williams Realty Boston-Metro | Back Bay

    (781) 354-1444

    1 in this area

    112 Total Sales

    Joseph Barnes
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72892439

MLS Property Information Network (MLS PIN)

APN: WINT-000051-000000-000085

Massachusetts Suffolk County Winthrop 02152 Winthrop Beach

5 Coral Ave, Winthrop, MA

Not Listed for Sale

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