NOT LISTED FOR SALE

53 Summer St Unit 55 Gardner, MA 01440

Estimated Value: $389,000 - $458,000

5 Beds
2 Baths
1,780 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $400,000 $225 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,224/month

4 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Level Lot
  • Enclosed Patio or Porch
  • Coin Laundry
  • Carpet

About This Home

As of September 2023

2 Unit Multi-Family in Great South Gardner Location. Both Apartments Come with Enclosed Porches, Separate Gas Heat, Electric and Hot Water, Plenty of Off-Street Parking and Private Backyard. Unit #1 includes Big Eat In Kitchen, Living Room and 2 Bedrooms, Apt is Occupied. Unit #2 Comes Complete with 2 Levels of Living Space, 3 Bedrooms, Oversized Eat in Kitchen with Laundry Hook Ups, Full Bath, Living Room & Bonus Family Room, Vacant Apt. Full Basement with Interior Access, 2 Gas Furnaces, 2 Gas Hot Water Tanks, 3 Electric Meters. Close to Commuting Rtes, Shopping and Area Amenities. The Gardner Rental Market is Red-Hot, these Easy to Rent Apartments will Command Top Dollar. GREAT Owner Occupied or Investment Property, Come See...

Last Agent to Sell the Property

Michael Beaudoin

Coldwell Banker Realty - Leominster Listed on: 08/03/2023

Coldwell Banker Realty - Leominster

Last Buyer's Agent

Catarina Fragoza

Simple Key Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,581

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,780 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Separate Meters

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,900
  • Rent includes unit 1(water), unit 2(water)
  • Legal Lot and Block 34 / 19
  • Assessor Parcel Number M:R17 B:19 L:34,3538553

Community Details

Building Details

  • Electric Expense $1,000
  • Insurance Expense $850
  • Water Sewer Expense $3,400
  • Operating Expense $5,800
  • Net Operating Income $29,000

Additional Features

  • 2 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,581

Year Built

Built in 1900 | Remodeled

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Property Condition: Unit 2 Remodeled
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet,Laminate
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range,Refrigerator), Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Unit 2 Laundry Room
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 1780
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6181
  • MAIN SO: AN6807

Exterior Features

  • Exterior Features: Porch - Enclosed,Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Laundromat, Highway Access
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3400

Lot Info

  • Parcel Number: M:R17 B:19 L:34,3538553
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3581
  • Tax Block: 19
  • Tax Lot: 34

Multi Family

  • Electric Expense: 1000
  • Insurance Expense: 850
  • Net Operating Income: 29000
  • Number Of Units Total: 2
  • Operating Expense: 5800
  • Total Actual Rent: 2900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2018
Sold by
J Colt Properties Llc
Bought by
Fawkes Holdings Llc
Current Estimated Value
$415,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,475,000
Outstanding Balance
$2,469,526
Interest Rate
4.9%
Mortgage Type
Undefined Multiple Amounts
Estimated Equity
-$2,053,954

Purchase Details

Listed on
May 8, 2012
Closed on
Dec 6, 2012
Sold by
Keiselbach David
Bought by
J Colt Props Llc
Seller's Agent
Kris Koliss
RE/MAX Partners
Buyer's Agent
Michael Beaudoin
Coldwell Banker Realty - Leominster
List Price
$89,900
Sold Price
$45,150
Premium/Discount to List
-$44,750
-49.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.03%

Purchase Details

Closed on
May 15, 2012
Sold by
Savoie Timothy P and Gmac Mortgage Llc
Bought by
Fhlmc

Purchase Details

Closed on
Apr 17, 1991
Sold by
Boucher Philias J and Boucher Annette
Bought by
Savoie Timothy P and Kopsala Amy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
9.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Fawkes Holdings Llc -- --
J Colt Props Llc -- --
Fhlmc $111,551 --
Savoie Timothy P $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fawkes Holdings Llc $5,475,000
Previous Owner Savoie Timothy P $25,000
Previous Owner Savoie Timothy P $82,000
Previous Owner Savoie Timothy P $89,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2023 09/27/23 Sold $400,000 +14.3% $225 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $349,900 0.0% $197 / Sq Ft
02/18/2016 02/18/16 Rented $995 0.0% --
02/16/2016 02/16/16 Under Contract -- -- --
01/19/2016 01/19/16 Price Changed $995 -7.4% $1 / Sq Ft
12/30/2015 12/30/15 For Rent $1,075 0.0% --
11/03/2012 11/03/12 Sold $45,150 -49.8% $25 / Sq Ft View Prior Sale
10/04/2012 10/04/12 Pending -- -- --
05/08/2012 05/08/12 For Sale $89,900 -- $51 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $51 $357,900 $69,800 $288,100
2024 $3,712 $247,600 $63,500 $184,100
2023 $3,581 $222,000 $62,600 $159,400
2022 $3,342 $179,800 $47,400 $132,400
2021 $3,164 $157,900 $41,200 $116,700
2020 $3,032 $153,600 $41,200 $112,400
2019 $2,951 $146,500 $41,200 $105,300
2018 $2,538 $125,200 $41,200 $84,000
2017 $2,476 $120,900 $41,200 $79,700
2016 $2,418 $118,100 $41,200 $76,900
2015 $2,360 $118,100 $41,200 $76,900
2014 $2,315 $122,700 $45,800 $76,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73143912

MLS Property Information Network (MLS PIN)

APN: GARD-000017R-000019-000034

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