Seller's Agent in 2016
Craig Pitzi
Coldwell Banker Realty - Concord
(617) 818-7260
44 Total Sales
53 Mechanic St Marlborough, MA 01752
Downtown Marlborough NeighborhoodEstimated Value: $369,164 - $686,000
3
Beds
3
Baths
1,800
Sq Ft
$318/Sq Ft
Est. Value
About This Home
As of December 2016This is a wonderful opportunity for any investor. Classic Brick 3 family in heart of Downtown Marlborough with 6 car parking (2 spaces per unit). Three (1) bedroom units fully rented to tenants at will. Great income for the price or also an exciting project for a condo conversion. Unit 1 is rented for $700, Unit 2 is rented for $750 and Unit 3 is rented for $550. Tenants pay heat and electric. There is a coin op washer dryer in basement that nets about $70/month. Net income of just around $2,000/month after expenses. Unit 1 and 2 have older gas heating systems. Unit 3 has electric baseboard heating. Major basement support beam renovation just completed in August 2016 Some updates to baths and kitchens would make this a great long term investment! Downtown Marlborough is HOT, and the future potential is huge.
Last Buyer's Agent
Deneen Maillet
Lamacchia Realty, Inc. License #454502079
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,776
Year Built
1890
Lot Details
0
Listing Details
- Lot Description: Corner, Easements, Gentle Slope
- Property Type: Multi-family
- Lead Paint: Unknown
- Year Round: Yes
- Insc: 1100
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1890
Interior Features
- Has Basement: Yes
- Number of Rooms: 9
- Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School
- Electric: 200 Amps
- Basement: Full, Dirt Floor
- Total Levels: 3
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Brick
- Exterior: Brick
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 6
Utilities
- Heat Zones: 3
- Hot Water: Natural Gas
- Utility Connections: for Gas Range, for Electric Range
- Sewer: City/Town Sewer
- Water: City/Town Water
- Electric: 240
Condo/Co-op/Association
- Total Units: 3
Lot Info
- Zoning: R
Multi Family
- APOD Available: Yes
- Expenses Year End: 12/15
- Heat Units: 2
- Total Bedrooms: 3
- Total Floors: 6
- Total Full Baths: 3
- Total Levels: 3
- Total Rms: 9
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2016
Closed on
Dec 23, 2016
Sold by
Tsiantoulas Christofile
Bought by
Pallies John and Barbalho Pablo R
Seller's Agent
Craig Pitzi
Coldwell Banker Realty - Concord
Buyer's Agent
Deneen Maillet
Lamacchia Realty, Inc.
List Price
$245,000
Sold Price
$204,000
Premium/Discount to List
-$41,000
-16.73%
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
$358,331
Avg. Annual Appreciation
12.50%
Purchase Details
Closed on
Mar 2, 2000
Sold by
Duchess Rt
Bought by
Collura Serafina M and Collura F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
8.21%
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 |
|---|---|---|---|
| Pallies John | $204,000 | -- | |
| Collura Serafina M | $168,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Collura Sarafina M | $142,500 | |
| Previous Owner | Collura Sarafina M | $35,000 | |
| Previous Owner | Duchess Rt | $142,800 | |
| Previous Owner | Duchess Rt | $44,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2016 12/23/16 | Sold | $204,000 | -16.7% | $113 / Sq Ft |
| 11/04/2016 11/04/16 | Pending | -- | -- | -- |
| 09/02/2016 09/02/16 | For Sale | $245,000 | +20.1% | $136 / Sq Ft |
| 08/31/2016 08/31/16 | Off Market | $204,000 | -- | -- |
| 07/15/2016 07/15/16 | Price Changed | $245,000 | +2.5% | $136 / Sq Ft |
| 05/24/2016 05/24/16 | For Sale | $239,000 | 0.0% | $133 / Sq Ft |
| 04/17/2016 04/17/16 | Pending | -- | -- | -- |
| 02/11/2016 02/11/16 | For Sale | $239,000 | -- | $133 / 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 | $4,776 | $484,400 | $145,200 | $339,200 |
| 2024 | $5,035 | $491,700 | $132,000 | $359,700 |
| 2023 | $5,110 | $442,800 | $96,700 | $346,100 |
| 2022 | $5,037 | $383,900 | $92,100 | $291,800 |
| 2021 | $7,525 | $352,300 | $72,400 | $279,900 |
| 2020 | $4,559 | $321,500 | $70,500 | $251,000 |
| 2019 | $4,336 | $308,200 | $69,100 | $239,100 |
| 2018 | $3,355 | $229,300 | $72,500 | $156,800 |
| 2017 | $6,301 | $197,000 | $72,500 | $124,500 |
| 2016 | $2,945 | $192,000 | $72,500 | $119,500 |
| 2015 | $2,643 | $167,700 | $75,700 | $92,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Buyer's Agent in 2016
Deneen Maillet
Lamacchia Realty, Inc.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71958444
APN: MARL-000069-000357B
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.
Nearby Homes
- 270 Main St
- 272 Lincoln St Unit 101
- 272 Lincoln St Unit 302
- 272 Lincoln St Unit 203
- 272 Lincoln St Unit 104
- 272 Lincoln St Unit 304
- 272 Lincoln St Unit 204
- 272 Lincoln St Unit 303
- 272 Lincoln St Unit 202
- 272 Lincoln St Unit 201
- 63 W Main St
- 27 Jefferson St
- 406 Lincoln St Unit 201
- 240 Lincoln St
- 79 Prospect St
- 58 Howland St
- 73 Howland St
- 36 Bicknell St
- 175 Main St
- 80 Tremont St
- 59 Mechanic St
- 47 Mechanic St Unit 4
- 54 Mechanic St
- 67 Mechanic St
- 43 Mechanic St
- 342 Lincoln St
- 56 Mechanic St
- 56 Mechanic St Unit 2
- 52 Central St
- 5 Gay St
- 5 Gay St Unit 1
- 5 Gay St Unit 2
- 316 Lincoln St
- 49 Central St
- 66 Mechanic St
- 49 Central St
- 50 Central St
- 50 Central St Unit 50
- 50 Central St Unit 1
- 56 Central St