Seller's Agent in 2020
Arthur Deych
Block Realty
(617) 869-4907
1 in this area
165 Total Sales
60 E Springfield St Boston, MA 02118
South End NeighborhoodEstimated Value: $7,737,520
8
Beds
6
Baths
4,938
Sq Ft
$1,567/Sq Ft
Est. Value
About This Home
As of January 2020Beautiful Corner Brick South End Brownstone for sale with 6 units! 5 Residential units and 1 commercial space PAYING 6689.14 + NNN PER MONTH IN ADDITION TO RESIDENTIAL UNITS occupied by a cafe is available for purchase in completely finished, renovated and operational condition. This building has fantastic potential for a new buyer with a built in clientele of medical tenants at Boston Medical Center right across the street. Fantastic opportunity for short term furnished rentals to maximize profit for the people coming from all over the world for medical attention. Minimal expenses for the owner with all units being heated & cooled by Mitsubishi ductless systems. The commercial space is 5 years into a 10 year lease and pays NNN fees of 40.55% of the buildings expenses and PAYING RENT OF 6689.14 per month in rent.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 1,307
Additional Features
- Wood Flooring
- Electric Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number W:08 P:01470 S:000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2019
Closed on
Jan 24, 2020
Sold by
Hvv Real Estate Dev Llc
Bought by
Ntjs Realty Llc
Seller's Agent
Arthur Deych
Block Realty
Buyer's Agent
Peter Scanlan
Coldwell Banker Realty - Belmont
List Price
$5,600,000
Sold Price
$5,120,000
Premium/Discount to List
-$480,000
-8.57%
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
$2,617,520
Avg. Annual Appreciation
7.55%
Original Mortgage
$2,200,000
Outstanding Balance
$1,971,991
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,677,920
Purchase Details
Closed on
Jun 6, 2018
Sold by
Gullwing Realty Llc
Bought by
Hvv Real Estate Dev Ll
Purchase Details
Closed on
Mar 20, 2009
Sold by
60 Springfield Street
Bought by
Gullwing Realty Llc
Purchase Details
Closed on
Jan 6, 2006
Sold by
Springfield St Rlty Ll
Bought by
Springfield Llc 58-6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.28%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 14, 2004
Sold by
Kitas Ruth and Kitas Thomas
Bought by
Springfield St Rlty Ll
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 |
|---|---|---|---|
| Ntjs Realty Llc | $5,120,000 | None Available | |
| Hvv Real Estate Dev Ll | $5,400,000 | -- | |
| Gullwing Realty Llc | $1,300,000 | -- | |
| Springfield Llc 58-6 | $1,200,000 | -- | |
| Springfield St Rlty Ll | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ntjs Realty Llc | $2,200,000 | |
| Previous Owner | Hvv Real Estate Dev Llc | $2,600,000 | |
| Previous Owner | Gullwing Realty Llc | $280,000 | |
| Previous Owner | Gullwing Realty Llc | $1,100,000 | |
| Previous Owner | Galvin Margaret P | $379,550 | |
| Previous Owner | 58-60 E Springfield Ll | $200,000 | |
| Previous Owner | Springfield Llc 58-6 | $1,200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $5,120,000 | -8.6% | $1,037 / Sq Ft |
| 09/12/2019 09/12/19 | Pending | -- | -- | -- |
| 08/23/2019 08/23/19 | For Sale | $5,600,000 | +9.4% | $1,134 / Sq Ft |
| 08/21/2019 08/21/19 | Off Market | $5,120,000 | -- | -- |
| 06/19/2019 06/19/19 | Price Changed | $5,600,000 | +7.7% | $1,134 / Sq Ft |
| 06/07/2019 06/07/19 | Price Changed | $5,200,000 | -1.9% | $1,053 / Sq Ft |
| 06/02/2019 06/02/19 | Price Changed | $5,300,000 | -5.4% | $1,073 / Sq Ft |
| 01/16/2019 01/16/19 | For Sale | $5,600,000 | -- | $1,134 / 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 | -- | $2,797,600 | $791,500 | $2,006,100 |
| 2024 | -- | $2,834,000 | $791,500 | $2,042,500 |
| 2023 | $0 | $2,885,300 | $791,500 | $2,093,800 |
| 2022 | $0 | $2,812,500 | $791,500 | $2,021,000 |
| 2021 | $0 | $2,870,900 | $785,400 | $2,085,500 |
| 2020 | $0 | $2,842,600 | $785,400 | $2,057,200 |
| 2019 | $0 | $2,754,000 | $785,400 | $1,968,600 |
| 2018 | $0 | $2,612,500 | $748,800 | $1,863,700 |
| 2017 | $0 | $2,485,000 | $712,300 | $1,772,700 |
| 2016 | -- | $2,129,500 | $659,600 | $1,469,900 |
| 2015 | -- | $1,741,000 | $474,000 | $1,267,000 |
| 2014 | -- | $1,621,000 | $417,100 | $1,203,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Peter Scanlan
Coldwell Banker Realty - Belmont
(781) 883-7867
70 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72441770
APN: CBOS-000000-000008-001470
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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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