NOT LISTED FOR SALE
20 Beds
8 Baths
7,840 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: March 18, 2022

Last sale price $1,875,000 $239 Per Sq Ft

22 Days on Market

Highlights

  • Property is near public transit and schools
  • Corner Lot
  • Shops
  • Beethoven Elementary School Rated A-
  • Park
  • 3-minute walk to Putnam Square Park

About This Home

As of March 2022

Investors dream in East Boston features this MASSIVE 8 Unit building on the corner of Brooks and White Street which features 40 rooms and 20 bedrooms. Home was rebuilt in 1992 with all certificates of occupancy. Utilities are all separate with individual gas systems and hot water tanks. Home has full occupancy with some TAW and some leases. All units have washer/dryer hookups. Public records shows property at 197 Brooks Street for it is right on the corner across from East Boston High School.Great condo conversion for a property investor or 1031 Exchange property. PRE-APPROVED BUYERS ONLY!!!

Last Agent to Sell the Property

Richard Palladino

Century 21 North East Listed on: 10/09/2021

Century 21 North East

Last Buyer's Agent

Richard Palladino

Century 21 North East Listed on: 10/09/2021

Century 21 North East
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,069

Year Built

  • Built in 1992

Lot Details

  • 2,178 Sq Ft Lot
  • Corner Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 7,840 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 8 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit and schools

Schools

  • E.B. High School

Utilities

  • Cooling Available
  • 8 Heating Zones
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Total Actual Rent $10,000

Community Details

Overview

  • 8 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park

Building Details

  • Water Sewer Expense $700
  • Operating Expense $700
  • Net Operating Income $76,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,069

Year Built

Built in 1992

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1992
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 8

Interior Features

  • Interior Amenities: Internet Available - Satellite
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Tank Water Heater
  • Total Bedrooms: 20
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Full, Finished
  • Living Area: 7840
  • Stories Total: 8
  • MAIN LO: AN4339
  • MAIN SO: AN4339

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s),3 or More
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 8
  • HEAT ZONES: 8
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Public School, Sidewalks

Fee Information

  • Water Sewer Expenses: 700

Lot Info

  • Zoning: A
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • LOT SIZE: 2243

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15069.24

Multi Family

  • Net Operating Income: 76100
  • Number Of Units Total: 8
  • Operating Expense: 700
  • Total Actual Rent: 10000
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: E.B. High

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $1,875,000 -25.0% $239 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/18/2021 10/18/21 For Sale -- -- --
10/11/2021 10/11/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $2,500,000 -- $319 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,820 $337,108 $98,065 $239,043
2025 $3,614 $330,499 $96,143 $234,356
2023 $3,614 $317,666 $92,410 $225,256
2022 $3,551 $311,439 $90,599 $220,840
2021 $3,591 $305,333 $88,823 $216,510
2020 $3,553 $302,203 $87,913 $214,290
2019 $3,494 $296,279 $86,190 $210,089
2018 $3,440 $290,470 $84,500 $205,970
2017 $3,378 $284,776 $82,844 $201,932
2016 $3,317 $279,193 $81,220 $197,973
2015 $3,293 $275,000 $80,000 $195,000
2014 $2,795 $231,656 $105,298 $126,358
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72906406

MLS Property Information Network (MLS PIN)
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