NOT LISTED FOR SALE

556 E Broadway Boston, MA 02127

South Boston Neighborhood

Estimated Value: $1,790,479

6 Beds
3 Baths
3,942 Sq Ft
$454/Sq Ft Est. Value

Last Sold September 08, 2021

Last sale price $1,650,000 $419 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,381/month

243 Days on Market

About This Home

As of September 2021

Historic Brownstone on the "Top of the Hill" on East Broadway with tremendous natural light and magnificent views. 556 E. Broadway is just blocks from the beautiful beaches of Pleasure Bay and steps from the shops and restaurants along Broadway. The brownstone has 3 residential units and 1 unit with rear access that can be used as commercial space. Unit 1 is a 634 square foot studio with an eat-in kitchen, unit 2 is a 1004 square foot 2 bedroom/1 full bath, and unit 3 is a duplex 3 bedroom/1 full bath with 117 square feet of outdoor space.

Last Agent to Sell the Property

Stephen Kraunelis

Gibson Sotheby's International Realty Listed on: 10/29/2020

Gibson Sotheby's International Realty

Last Buyer's Agent

Cutter Luxe Team

Cutter Luxe Living LLC

Cutter Luxe Living LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1899

Lot Details

  • 871

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Top of the hill on Broadway.
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1899

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator), Unit 3(Range,Dishwasher,Disposal,Microwave), Gas Water Heater, Utility Connections for Gas Range
  • Has Basement: Crawl Space, Interior Entry
  • MAIN LO: AN2383
  • MAIN SO: AN2383
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Wood,Carpet
  • Interior Amenities: Unit 2(Storage), Unit 1 Rooms(Living Room), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 6
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Foundation Details: Granite
  • View: City View(s)
  • Construction Type: Brick
  • Disclosures: 3 Family With 2 Residential Units And 1 Commercial Unit.
  • Patio And Porch Features: Deck - Roof
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: On Street
  • Open Parking: Yes

Utilities

  • Heating: Unit 1(Forced Air), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • LOT SIZE: 960
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 871.2
  • Zoning: 1

Multi Family

  • LEVELS 1: 1
  • LEVELS 3: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3
  • Annual Gross Income: 72000
  • Property Net Operating Income: 72000
  • Number Of Units Total: 3
  • Annual Operating Expense: 1636
  • Total Actual Rent: 6000

Tax Info

  • Tax Annual Amount: 21657
  • Tax Book Number: 0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2020
Closed on
Sep 8, 2021
Sold by
Mar Bow Realty Lp
Bought by
Schiffer Nicholas R and Schiffer Megann C
Seller's Agent
Stephen Kraunelis
Gibson Sotheby's International Realty
Buyer's Agent
Cutter Luxe Team
Cutter Luxe Living LLC
List Price
$1,999,999
Sold Price
$1,650,000
Premium/Discount to List
-$349,999
-17.5%
Current Estimated Value
$1,790,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,479
Avg. Annual Appreciation
1.91%
Original Mortgage
$1,320,000
Outstanding Balance
$1,201,102
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$589,377
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Schiffer Nicholas R $1,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schiffer Nicholas R $1,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2021 09/08/21 Sold $1,650,000 -8.3% $419 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
01/05/2021 01/05/21 Price Changed $1,800,000 -10.0% $457 / Sq Ft
10/29/2020 10/29/20 For Sale $1,999,999 -- $507 / 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 -- $1,513,800 $386,700 $1,127,100
2024 -- $1,555,000 $386,700 $1,168,300
2023 $0 $1,600,700 $386,700 $1,214,000
2022 $0 $1,528,900 $386,700 $1,142,200
2021 $0 $1,544,000 $376,500 $1,167,500
2020 $0 $1,515,000 $376,500 $1,138,500
2019 $0 $1,464,500 $376,500 $1,088,000
2018 $0 $1,403,000 $358,200 $1,044,800
2017 $0 $1,338,500 $341,900 $996,600
2016 -- $1,151,500 $317,500 $834,000
2015 -- $1,038,000 $229,900 $808,100
2014 -- $1,026,000 $204,800 $821,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Stephen Kraunelis

    Gibson Sothebys International Realty

    (617) 206-3333

    2 in this area

    5 Total Sales

    Stephen Kraunelis
    Section Image

  • C

    Buyer's Agent in 2021

    Cutter Luxe Team

    Cutter Luxe Living LLC

    (617) 206-3333

    9 in this area

    112 Total Sales

    Cutter Luxe Team
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72750382

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-002996

Massachusetts Suffolk County Boston 02127 South Boston

556 E Broadway, Boston, MA

Not Listed for Sale

MultiFamily

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