Seller's Agent in 2017
Brenda vanderMerwe
Hammond Residential Real Estate
(617) 731-4644
3 in this area
134 Total Sales
57 Bridge St Unit 59 Newton, MA 02458
Nonantum NeighborhoodEstimated Value: $1,206,000 - $1,387,483
4
Beds
2
Baths
2,392
Sq Ft
$549/Sq Ft
Est. Value
About This Home
As of June 2017Prime investment or owner-occupied two-family, in desirable Newton location. This is a fantastic opportunity to realize great long-term, stable rental income, with low operating expenses, or to supplement your income as an owner-occupied investor. Good condition, with roof installed in October 2016, second-floor kitchen in December 2016, first-floor kitchen in 2010, and newer water heaters. Each unit features an eat-in kitchen, living room open to the dining room, wood-burning fireplaces, original natural woodwork, pantries, newer kitchens and baths, basement storage, garage parking, and good sunlight. The second unit has a bonus office/den, and a full set of stairs leading to an additional 600 sqft of nicely finished, unheated space that is part of Unit 59, perfect for a family/play room. In close proximity to shops, restaurants, grocery, public transportation, this is an unbeatable property at a great price. Current rent is below market. 6% cap rate at list price, with market rents.
Last Agent to Sell the Property
Hammond Residential Real Estate Listed on: 03/22/2017
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,604
Year Built
1916
Lot Details
0
Listing Details
- Lot Description: Paved Drive, Shared Drive, Level
- Property Type: Multi-family
- Other Agent: 1.00
- Lead Paint: Unknown
- Insc: 1200
- Year Built Description: Approximate
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1916
Interior Features
- Has Basement: Yes
- Fireplaces: 2
- Number of Rooms: 12
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School
- Electric: Circuit Breakers, Individually Metered
- Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood
- Basement: Full, Walk Out, Interior Access, Concrete Floor, Unfinished Basement
- Full Bathrooms: 2
- Total Levels: 3
- Main Lo: K95001
- Main So: K95001
- Estimated Sq Ft: 2392.00
Exterior Features
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Porch, Balcony, Garden Area
- Foundation: Concrete Block
Garage/Parking
- Garage Spaces: 2
- Parking: Off-Street, Paved Driveway
- Parking Spaces: 2
Utilities
- Heat Zones: 2
- Hot Water: Natural Gas, Tank
- Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 2
Schools
- Elementary School: Lincoln-Eliot
- Middle School: Bigelow
- High School: North
Lot Info
- Assessor Parcel Number: S:14 B:002 L:0019
- Zoning: MR1
- Acre: 0.13
- Lot Size: 5573.00
Multi Family
- APOD Available: Yes
- Heat Units: 2
- Total Bedrooms: 4
- Total Fireplaces: 2
- Total Floors: 3
- Total Full Baths: 2
- Total Levels: 3
- Total Rms: 11
- Total Rent_1: 1900
- Multi Family Type: 2 Family - 2 Units Up/Down
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2017
Closed on
Jun 13, 2017
Sold by
Zhao Zhihong
Bought by
Wang Xin H and Chen Xiu H
Seller's Agent
Brenda vanderMerwe
Hammond Residential Real Estate
Buyer's Agent
Brenda vanderMerwe
Hammond Residential Real Estate
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
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
$443,121
Avg. Annual Appreciation
4.91%
Original Mortgage
$600,000
Outstanding Balance
$502,783
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$782,533
Purchase Details
Closed on
Apr 1, 2010
Sold by
Kwan Nerine W and Kwan Adrien W
Bought by
Zhao Zhihong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 10, 2000
Sold by
James Farina Rt and Farina Tr John A
Bought by
Kwan Nerine W and Kwan Adrien W
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 |
|---|---|---|---|
| Wang Xin H | $870,000 | -- | |
| Zhao Zhihong | $500,000 | -- | |
| Kwan Nerine W | $410,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Xin H | $600,000 | |
| Previous Owner | Zhao Zhihong | $441,000 | |
| Previous Owner | Zhao Zhihong | $388,500 | |
| Previous Owner | Kwan Nerine W | $400,000 | |
| Previous Owner | Zhao Zhihong | $400,000 | |
| Previous Owner | Kwan Nerine W | $328,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2017 06/13/17 | Sold | $870,000 | -3.2% | $364 / Sq Ft |
| 04/13/2017 04/13/17 | Pending | -- | -- | -- |
| 03/22/2017 03/22/17 | For Sale | $899,000 | -- | $376 / 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 | $10,604 | $1,082,000 | $621,900 | $460,100 |
| 2024 | $10,253 | $1,050,500 | $603,800 | $446,700 |
| 2023 | $9,644 | $947,300 | $476,900 | $470,400 |
| 2022 | $9,227 | $877,100 | $441,600 | $435,500 |
| 2021 | $8,659 | $804,700 | $405,100 | $399,600 |
| 2020 | $8,401 | $804,700 | $405,100 | $399,600 |
| 2019 | $7,859 | $752,100 | $378,600 | $373,500 |
| 2018 | $7,485 | $691,800 | $355,200 | $336,600 |
| 2017 | $7,058 | $634,700 | $325,900 | $308,800 |
| 2016 | $6,627 | $582,300 | $299,000 | $283,300 |
| 2015 | $6,318 | $544,200 | $279,400 | $264,800 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72133946
APN: NEWT-000014-000002-000019
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.
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