M
Seller's Agent in 2021
Melissa Borelli
Charles River Properties, LLC
(617) 916-3808
1 in this area
4 Total Sales
51 Mechanic St Unit 53 Newton Upper Falls, MA 02464
Newton Upper Falls NeighborhoodEstimated Value: $817,000 - $1,025,000
4
Beds
2
Baths
1,572
Sq Ft
$599/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Property is near public transit
- Corner Lot
- Countryside Elementary School Rated A
- Wood Flooring
- Laundry Room
About This Home
As of August 2021Price adjustment!!! Great investment opportunity or owner-occupied charming two-family. Corner location in historic, quaint Newton Upper Falls, this property needs some TLC, updating & refreshing! Bright, sunny rooms! Both units have 2 bedrooms, one bathroom and shared basement with laundry. First floor unit has hardwood floors throughout. Off-street parking for 4 cars. Seller & Seller's Agent make no representations as to the potential for re-development. Both units now vacant!!! *Rent's were well-below market rate. Buyer/Buyer's Agent MUST perform own due diligence. Lot is adjacent to future brand new, mixed-use commercial community! Minutes to Route 9, 128, restaurants and much more! House sold "as is." Brand NEW roof April 2021 with 10-year warranty!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,218
Year Built
- Built in 1910
Lot Details
- 3,485 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
- Rubber Roof
Interior Spaces
- 1,572 Sq Ft Home
- Property has 1 Level
- Wood Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 4 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Schools
- Countryside Elementary School
- Brown Middle School
- Newton South High School
Utilities
- No Cooling
- 2 Heating Zones
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Bulkhead
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $2,500
- Rent includes unit 1(water), unit 2(water)
- Legal Lot and Block 0006 / 033
- Assessor Parcel Number 693936
Community Details
Recreation
- Golf Course Community
Building Details
- Water Sewer Expense $1,348
- Operating Expense $1,348
- Net Operating Income $30,000
Additional Features
- 2 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2021
Closed on
Aug 24, 2021
Sold by
Nesco Realty Llc
Bought by
Wang Kui and Ding Li
Seller's Agent
Melissa Borelli
Charles River Properties, LLC
Buyer's Agent
Rose Hall
Blue Ocean Realty, LLC
List Price
$789,000
Sold Price
$678,000
Premium/Discount to List
-$111,000
-14.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,904
Avg. Annual Appreciation
9.87%
Original Mortgage
$508,500
Outstanding Balance
$469,311
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$502,028
Purchase Details
Closed on
Jun 2, 2021
Sold by
Nesco Realty Llc
Bought by
Acc Real Estate Llc
Purchase Details
Closed on
Jan 15, 2013
Sold by
Nesco Rt and Colasacco Adrian E
Bought by
Nesco Nt
Purchase Details
Closed on
Jun 8, 2001
Sold by
Smith Thomas E and Miller-Smith Cheryl
Bought by
Nesco Rt and Colasacco Adrian E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Kui | $678,000 | None Available | |
| Acc Real Estate Llc | -- | None Available | |
| Nesco Nt | -- | -- | |
| Nesco Rt | $380,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Kui | $508,500 | |
| Previous Owner | Nesco Rt | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2021 08/24/21 | Sold | $678,000 | -3.0% | $431 / Sq Ft |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | Price Changed | $699,000 | -6.7% | $445 / Sq Ft |
| 06/21/2021 06/21/21 | Price Changed | $749,000 | -5.1% | $476 / Sq Ft |
| 04/15/2021 04/15/21 | For Sale | $789,000 | -- | $502 / 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 | $6,461 | $659,300 | $620,500 | $38,800 |
| 2024 | $6,247 | $640,100 | $602,400 | $37,700 |
| 2023 | $5,990 | $588,400 | $475,200 | $113,200 |
| 2022 | $5,731 | $544,800 | $440,000 | $104,800 |
| 2021 | $5,378 | $499,800 | $403,700 | $96,100 |
| 2020 | $5,218 | $499,800 | $403,700 | $96,100 |
| 2019 | $4,881 | $467,100 | $377,300 | $89,800 |
| 2018 | $4,815 | $445,000 | $354,900 | $90,100 |
| 2017 | $4,540 | $408,300 | $325,600 | $82,700 |
| 2016 | $4,263 | $374,600 | $298,700 | $75,900 |
| 2015 | $4,065 | $350,100 | $279,200 | $70,900 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Borelli
-
Rose Hall
Buyer's Agent in 2021
Rose Hall
Blue Ocean Realty, LLC
(857) 207-7579
4 in this area
340 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72815368
APN: NEWT-000051-000033-000006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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