NOT LISTED FOR SALE
99 Beds
198 Baths
14,462 Sq Ft
12,632 Sq Ft Lot

Sale Details

Date Sold: July 27, 2022

Last sale price $5,250,000 $363 Per Sq Ft

159 Days on Market

Highlights

  • 0.29 Acre Lot
  • 99 Fireplaces
  • 99 Car Garage
  • William P. Gorman/Fort Banks Elementary School Rated A-
  • Cooling Available
  • Heating Available

About This Home

As of July 2022

This offering presents the opportunity to acquire the a 24-unit value-add portfolio located in Winthrop, Massachusetts. The property consists of a 22-unit building, 2-family home, and large parking lot located in a desirable location close to the town center. The offering consists of a collection of one and two bedroom units, large parking lot that offers future development potential as well as a long term cell phone tower lease. The offerings provides investors the opportunity to purchase a value add asset in close proximity to Boston, MA.

Last Agent to Sell the Property

Kevin Benzinger

Boston Realty Advisors Listed on: 11/09/2021

Last Buyer's Agent

Kevin Benzinger

Boston Realty Advisors Listed on: 11/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 12,472 Sq Ft Lot

Parking

  • 99 Car Garage

Interior Spaces

  • 14,462 Sq Ft Home
  • Property has 1 Level
  • 99 Fireplaces

Bedrooms and Bathrooms

  • 99 Bedrooms

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 24 Units

Listing and Financial Details

  • Total Actual Rent $99

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0.29 Acres

Parking

99

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Other, Other (See Remarks)
  • Fireplace YN: Yes
  • Fireplaces: 99
  • Appliances: Other
  • Total Bedrooms: 99
  • Full Bathrooms: 99
  • Half Bathrooms: 99
  • Total Bathrooms: 198
  • Living Area: 14462
  • Stories Total: 3
  • MAIN LO: NB9260
  • MAIN SO: NB9260

Exterior Features

  • Foundation Details: Other
  • Waterfront Features: Beach Front, Unknown To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 99
  • Covered Parking Spaces: 99
  • Garage YN: Yes
  • Total Parking Spaces: 24

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Lot Info

  • Zoning: 99
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12472
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 99
  • Tax Annual Amount: 99

Multi Family

  • Number Of Units Total: 24
  • Total Actual Rent: 99
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2022 07/27/22 Sold $5,250,000 -0.9% $363 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
11/09/2021 11/09/21 For Sale $5,300,000 -- $366 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $42,688 $4,136,400 $1,587,000 $2,549,400
2024 $42,535 $4,082,100 $1,587,000 $2,495,100
2023 $43,389 $4,055,000 $1,578,000 $2,477,000
2022 $24,422 $2,076,700 $692,300 $1,384,400
2021 $24,942 $1,967,000 $692,300 $1,274,700
2020 $24,447 $1,937,200 $692,300 $1,244,900
2019 $23,430 $1,777,700 $692,300 $1,085,400
2018 $23,132 $1,633,600 $598,000 $1,035,600
2017 $22,160 $1,537,800 $552,000 $985,800
2016 $22,717 $1,478,000 $552,000 $926,000
2015 $20,764 $1,448,000 $552,000 $896,000
2014 $20,996 $1,347,600 $451,600 $896,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72917947

MLS Property Information Network (MLS PIN)
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