NOT LISTED FOR SALE

59 Olympia Ave Unit 5 Shrewsbury, MA 01545

Estimated Value: $672,000 - $796,000

3 Beds
2.5 Baths
1,833 Sq Ft
$411/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $666,000 $363 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,880/month

4 Days on Market

Highlights

  • Medical Services
  • Open Floorplan
  • Deck
  • Calvin Coolidge Elementary School Rated A
  • Landscaped Professionally
  • Property is near public transit

About This Home

As of July 2022

Welcome to Lakeway Commons! Built in 2017, this quaint community of 15 townhomes is located in the heart of Downtown Shrewsbury - with a fantastic residential location just off Route 9! Exceptional quality and craftsmanship abounds in the 2-3 bed, 2.5 bath home - this unit features a gorgeous kitchen with white shaker cabinetry, granite countertops, stainless steel appliances, and a center island. The 2-story family room boasts a gas fireplace and sliders to a rear deck and patio. The 1st floor primary suite offers dual oversized closets and a private en-suite bathroom. The 2nd floor offers a second bedroom, a large office/third bedroom, a full bathroom, and a loft with a balcony overlooking the living room. Quality finishes throughout including gleaming hardwood floors, wainscoting, and crown molding. Whole Foods, Tavern in The Square, Starbucks, Burton's Grill, and many other shops are right around the corner... minutes to major highways as well!

Last Agent to Sell the Property

Ann Marie Silva

Redfin Corp. Listed on: 06/02/2022

Redfin Corp.

Last Buyer's Agent

Patricia Talbot

RE/MAX Vision

RE/MAX Vision

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,080

Year Built

  • Built in 2017

Lot Details

  • Near Conservation Area
  • Two or More Common Walls
  • Landscaped Professionally

HOA Fees

  • $266 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Open Parking
  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,833 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Living Room with Fireplace
  • Loft
  • Exterior Basement Entry

Kitchen

  • Stove
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Range
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Linen Closet
  • Walk-In Closet
  • Bathtub with Shower
  • Shower Only
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters
  • Porch

Schools

  • Beal Elementary School
  • Sherwood|Oak Middle School
  • Shrewsbury High School

Utilities

  • Forced Air Heating and Cooling System
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number M:32 B:022001 L:5,5004722

Community Details

Overview

  • Association fees include insurance, maintenance structure, ground maintenance, snow removal
  • 15 Units
  • Lakeway Commons Community

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,080

Year Built

Built in 2017

Lot Details

0

HOA Fees

$266 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Year Built: 2017
  • Buyer Agency: 2.00%
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Entry Level: 1
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet
  • Interior Amenities: Balcony - Interior, Recessed Lighting, Loft
  • Door Features: Insulated Doors
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Disposal,Microwave,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Dishwasher,Range - ENERGY STAR, Gas Water Heater,Tank Water Heaterless, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
  • Room Bedroom2 Area: 160
  • Room Bedroom3 Features: Flooring - Wall to Wall Carpet, Lighting - Overhead
  • Room Bedroom3 Area: 280
  • Room Bedroom3 Level: Second
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet, Cable Hookup, Lighting - Overhead
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 210
  • Master Bathroom Features: Yes
  • Bathroom 1 Area: 25
  • Bathroom 1 Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Area: 48
  • Bathroom 2 Features: Bathroom - 3/4, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Enclosed Shower - Fiberglass, Lighting - Sconce
  • Bathroom 3 Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce
  • Bathroom 3 Level: Second
  • Bathroom 3 Area: 64
  • Room Dining Room Features: Flooring - Hardwood, Open Floorplan, Wainscoting, Lighting - Overhead, Crown Molding
  • Room Dining Room Level: First
  • Room Dining Room Area: 120
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wainscoting, Gas Stove, Lighting - Pendant, Crown Molding
  • Room Kitchen Area: 156
  • Laundry Features: First Floor, In Unit, Washer Hookup
  • Room Living Room Level: First
  • Room Living Room Area: 208
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood, Cable Hookup, Deck - Exterior, Exterior Access, Open Floorplan, Slider, Wainscoting
  • Living Area: 1833
  • Stories Total: 2
  • Window Features: Insulated Windows
  • MAIN LO: NB3534
  • LIST PRICE PER Sq Ft: 354.56
  • PRICE PER Sq Ft: 363.34
  • MAIN SO: K95622

Exterior Features

  • Exterior Features: Rain Gutters, Professional Landscaping
  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Patio And Porch Features: Porch, Deck
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Attached, Garage Door Opener, Off Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Association Fee: 265.57
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Highway Access
  • UNIT BUILDING: 5
  • MANAGEMENT: Developer Control
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:32 B:022001 L:5,5004722
  • Zoning: RES B
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 307
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6080
  • Tax Book Number: 57333

Multi Family

  • Number Of Units Total: 15
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Shrewsbury Hs
  • Elementary School: Beal Es
  • Middle Or Junior School: Sherwood|oak Ms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2017
Closed on
Jun 28, 2017
Sold by
Black Brook Realty Ven
Bought by
Venkatakrishnan Vikram S and Naik Ashwini V
Seller's Agent
Bill Gassett
RE/MAX Executive Realty
Buyer's Agent
Sarah Catapano-Friedman
Redfin Corp.
List Price
$425,000
Sold Price
$432,725
Premium/Discount to List
$7,725
1.82%
Current Estimated Value
$753,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,863
Avg. Annual Appreciation
6.87%
Original Mortgage
$411,089
Outstanding Balance
$342,759
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$410,829
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
Venkatakrishnan Vikram S $432,725 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venkatakrishnan Vikram S $411,089
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2022 07/07/22 Sold $666,000 +2.5% $363 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $649,900 +50.2% $355 / Sq Ft
06/27/2017 06/27/17 Sold $432,725 +1.8% $237 / Sq Ft View Prior Sale
03/21/2017 03/21/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $425,000 -- $233 / 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 $7,940 $659,500 $0 $659,500
2024 $7,846 $633,800 $0 $633,800
2023 $6,891 $525,200 $0 $525,200
2022 $6,080 $430,900 $0 $430,900
2021 $5,684 $430,900 $0 $430,900
2020 $5,496 $440,700 $0 $440,700
2019 $5,362 $426,600 $0 $426,600
2018 $6,010 $474,700 $0 $474,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72991543

MLS Property Information Network (MLS PIN)

APN: SHRE-32 022001 5