502 Main St Amherst, MA 01002
Amherst Neighborhood
7
Beds
3
Baths
2,164
Sq Ft
0.41
Acres
Highlights
- Deck
- Property is near public transit
- Loft
- Amherst Regional Middle School Rated A-
- Wood Flooring
- Corner Lot
About This Home
As of December 2024Discover an extraordinary opportunity to own a large versatile multi-family property with a Victorian-style wrap-around porch in the heart of Amherst! This rare gem is zoned for residential use and falls within the Commercial Business Neighborhood District, offering endless possibilities for both living and business ventures (buyer to verify all uses). Nestled near UMass, Amherst College, and vibrant downtown Amherst, the location is unbeatable a few steps to PVTA stops, shopping, and dining.Boasting a rich rental history, this two-family Victorian home is perfect for investors or those looking for a unique owner-occupy option. With a landscaped yard, and abundant off-street parking, you’ll be investing in long-term value. Step inside and be charmed by its stained glass windows, inviting wrap-around porch, and character-filled features like fir and oak floors, a fabulous pantry, and cozy alcoves. Close to iconic spots like the Emily Dickinson Homestead. Excellent rental history.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 10/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,827
Year Built
- Built in 1900
Lot Details
- 0.41 Acre Lot
- Corner Lot
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Slate Roof
Interior Spaces
- 2,164 Sq Ft Home
- Property has 1 Level
- Wood Burning Fireplace
- Electric Fireplace
- Stained Glass
- Mud Room
- Family Room
- Living Room
- Loft
- Range
- Unfinished Basement
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
- Bathtub
- Separate Shower
Outdoor Features
- Deck
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Wildwood Elm. Elementary School
- Amherst Middle School
- Amherst High School
Utilities
- 2 Heating Zones
- Heating System Uses Natural Gas
- Heating System Uses Steam
- 110 Volts
Listing and Financial Details
- Total Actual Rent $4,400
- Rent includes unit 1(gas water hot water), unit 2(heat gas water hot water)
- Assessor Parcel Number M:0014B B:0000 L:0130,3009750
Community Details
Overview
- 2 Units
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $4,102
- Water Sewer Expense $1,296
- Operating Expense $11,673
- Net Operating Income $41,127
Similar Home in Amherst, MA
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $430,000 | Purchase Money Mortgage | |
| Closed | $135,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2024 12/09/24 | Sold | $575,000 | 0.0% | $266 / Sq Ft |
| 10/07/2024 10/07/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | For Sale | $575,000 | -- | $266 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $93 | $520,100 | $186,200 | $333,900 |
| 2024 | $8,827 | $476,900 | $175,700 | $301,200 |
| 2023 | $8,434 | $419,600 | $159,700 | $259,900 |
| 2022 | $8,125 | $382,000 | $145,200 | $236,800 |
| 2021 | $8,102 | $371,300 | $134,500 | $236,800 |
| 2020 | $7,916 | $371,300 | $134,500 | $236,800 |
| 2019 | $7,634 | $350,200 | $134,500 | $215,700 |
| 2018 | $7,403 | $350,200 | $134,500 | $215,700 |
| 2017 | $7,213 | $330,400 | $128,100 | $202,300 |
| 2016 | $7,011 | $330,400 | $128,100 | $202,300 |
| 2015 | $6,786 | $330,400 | $128,100 | $202,300 |
Source: Public Records
Agents Affiliated with this Home
-
Samar Moushabeck
Seller's Agent in 2024
Samar Moushabeck
William Raveis R.E. & Home Services
(413) 374-6558
12 in this area
52 Total Sales
-
Justine Rosewarne
Buyer's Agent in 2024
Justine Rosewarne
5 College REALTORS®
(413) 575-5362
22 in this area
47 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73296900
APN: AMHE-000014B-000000-000130
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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