Seller's Agent in 2022
Eric Cudmore
Century 21 North East
(978) 423-6771
7 in this area
103 Total Sales
6 Grove St Topsfield, MA 01983
7
Beds
4.5
Baths
3,823
Sq Ft
0.4
Acres
Highlights
- Golf Course Community
- Wood Flooring
- Porch
- Proctor Elementary School Rated A-
- Jogging Path
- Patio
About This Home
As of September 2022Extremely rare and unique legal four-unit multi-family. This 17,424 sq. ft. lot is located perfectly in downtown Topsfield (one minute walk to the Proctor Elementary School) consisting of three stand-alone buildings, two that were built in 2014, the other in 1920 and awards plenty of parking. A high-end gravity fed septic system was installed in 2014, town water a plus. With 7 bedrooms, 4 full bathrooms, and 1 half bathroom, this is a sure moneymaker. Low maintenance with too many positives to list! Investors have many options to create wealth. Buy and hold with long term tenants in place, buy and convert into four condos for a quick flip, or buy and reside in one unit and live for free. Rents are below current market conditions. This gem is available because sellers are moving out of state. No open house, buyers to be pre-approved or have proof of funds. Call today. Sold as is. First group showing Sunday at 4PM.
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,726
Year Built
- Built in 2014
Lot Details
- 0.4 Acre Lot
- Level Lot
- Cleared Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,823 Sq Ft Home
- Window Screens
Flooring
- Wood
- Wall to Wall Carpet
- Concrete
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Block Basement Construction
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Patio
- Rain Gutters
- Porch
Location
- Property is near schools
Schools
- Proctor Elementary School
- Masconomet Middle School
- Masconomet High School
Utilities
- No Cooling
- Heating Available
- Separate Meters
- 220 Volts
- 200+ Amp Service
- 100 Amp Service
- Tankless Water Heater
- Gas Water Heater
- Oil Water Heater
- Private Sewer
Listing and Financial Details
- Total Actual Rent $7,250
- Rent includes unit 1(none), unit 2(none), unit 3(hot water), unit 4(hot water)
- Tax Block 0011
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $2,500
- Water Sewer Expense $2,400
- Operating Expense $21,826
- Net Operating Income $65,174
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $1,400,000 | -9.7% | $366 / Sq Ft |
| 07/06/2022 07/06/22 | Pending | -- | -- | -- |
| 05/12/2022 05/12/22 | For Sale | $1,550,000 | -- | $405 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
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-
N
Buyer's Agent in 2022
Non Member
Non Member Office
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72980853
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