NOT LISTED FOR SALE

55 Raymond Marchetti St Unit 57 Ashland, MA 01721

Estimated Value: $754,000 - $796,639

7 Beds
3 Baths
2,464 Sq Ft
$312/Sq Ft Est. Value

Last Sold November 27, 2023

Last sale price $700,000 $284 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,870/month

4 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Jogging Path
  • Ashland Middle School Rated A-
  • Wood Flooring
  • Cooling Available

About This Home

As of November 2023

3-family located around the corner from downtown Ashland! Recently renovated and with ample parking, this property presents an exceptional opportunity for investors and homeowners. This property is currently fully rented, all 3 units are tenant at will. Three units, with each unit offering a unique layout. The one bedroom unit is on the first floor and one level, with a bathroom, kitchen & living room, and dedicated basement space. The 2 bedroom unit is on the second floor, one floor living, with a bathroom, gorgeous kitchen and living room area. The third unit offers 4 bedrooms and has 2 levels, a full bathroom, living room area, huge eat-in kitchen and bonus room as well as its own washer/dryer in the unit and dedicated basement space. In addition, this unit has a fenced in back yard. The other two units have shared outdoor space. Excellent income, don't miss this opportunity!

Last Agent to Sell the Property

Team Metrowest

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 10/07/2023

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Kathleen McBride

RE/MAX Executive Realty

RE/MAX Executive Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,527

Year Built

  • Built in 1935

Lot Details

  • 10,454 Sq Ft Lot
  • Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,464 Sq Ft Home
  • Property has 2 Levels
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $6,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:014.0 B:0162 L:0000.0,3293866

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 3 Units
  • Shops
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,527

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1935
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 2.5%
  • 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: 4

Interior Features

  • Flooring: Wood,Tile,Laminate, Unit 1(undefined)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Ceiling Fans,Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer / Dryer Combo), Unit 2(Range,Refrigerator), Unit 3(Range,Dishwasher,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Full, Unfinished
  • Living Area: 2464
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6527
  • LIST PRICE PER Sq Ft: 304.34
  • PRICE PER Sq Ft: 284.09
  • MAIN SO: BB1175

Exterior Features

  • Exterior Features: Deck,Storage Shed,Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: Yes
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, House of Worship, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:014.0 B:0162 L:0000.0,3293866
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Sq Ft: 10454
  • Lot Size Units: Acres
  • PAGE: 413
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6527
  • Tax Book Number: 66781

Multi Family

  • Gross Income: 78000
  • Net Operating Income: 78000
  • Number Of Units Total: 3
  • Total Actual Rent: 6500
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2006
Sold by
Tilton Jason H and Gordon Linda J
Bought by
Gordon Linda J
Current Estimated Value
$769,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.7%

Purchase Details

Closed on
Mar 29, 2004
Sold by
Baltaks Phyllis and Baltaks William J
Bought by
Tilton Jason H and Gordon Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,832
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gordon Linda J -- --
Tilton Jason H $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moura Rebeca S $665,000
Closed Odhiambo Brian $316,183
Closed Odhiambo Brian $75,000
Closed Odhiambo Brian $338,751
Closed Gordon Linda J $400,605
Closed Gordon Linda J $396,000
Previous Owner Tilton Jason H $331,000
Previous Owner Tilton Jason H $272,832
Previous Owner Baltaks Wiliam J $80,000
Previous Owner Baltaks Wiliam J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $700,000 -6.7% $284 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/07/2023 10/07/23 For Sale $749,900 +117.4% $304 / Sq Ft
02/09/2016 02/09/16 Sold $345,000 -6.8% $140 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $370,000 -- $150 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $8,150 $638,200 $215,100 $423,100
2024 $7,117 $537,500 $215,100 $322,400
2023 $6,527 $474,000 $204,800 $269,200
2022 $6,474 $407,700 $186,100 $221,600
2021 $6,103 $383,100 $186,100 $197,000
2020 $5,837 $361,200 $186,700 $174,500
2019 $5,522 $339,200 $186,700 $152,500
2018 $5,599 $337,100 $184,800 $152,300
2017 $5,630 $337,100 $181,200 $155,900
2016 $5,666 $333,300 $176,600 $156,700
2015 $5,458 $315,500 $164,900 $150,600
2014 $5,241 $301,400 $147,300 $154,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73167845

MLS Property Information Network (MLS PIN)

APN: ASHL-000014-000162