Seller's Agent in 2018
Melody Golestani
Advisors Living - Newton
(617) 356-7799
6 Total Sales
61-63 Cherry St Swampscott, MA 01907
Estimated Value: $887,000 - $1,131,763
8
Beds
3
Baths
3,200
Sq Ft
$318/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Fenced Yard
- Porch
- Swampscott High School Rated A-
- Balcony
About This Home
As of December 2018ATTENTION OWNER OCCUPANTS & INVESTORS RARE 3 Family located in sought after Swampscott neighborhood! Situated on a 5,981 square foot lot, this property is well maintained and has expansive potential. Located only .08 miles away from the popular King's beach & a 6-minute walk to the commuter rail prime for a downtown Boston commuter. Unit 2 will be delivered vacant for a potential owner occupant buyer. Property is ready to move in and in great condition. Each unit has updated bathrooms & hardwood floors throughout. Unit 3 was fully renovated in 2012. All separate utilities for each floor.Great return on investment with the potential for $72,000 yearly gross. Only a 4-minute drive from wholefoods & Vinnin square. Top rated Swampscott school systems! Take advantage of this opportunity to invest in this large 3 family with great income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,761
Year Built
- Built in 1920
Lot Details
- 6,098
Outdoor Features
- Balcony
- Porch
Additional Features
- Wood Flooring
- Fenced Yard
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number 6-188-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 13, 2021
Sold by
Peppe Lois M and Peppe Martin J
Bought by
Lois M Peppe Lt
Current Estimated Value
Purchase Details
Listed on
Oct 16, 2018
Closed on
Dec 20, 2018
Sold by
Farahani Esmaeli M and Farahani Milad
Bought by
Peppe Lois M and Peppe Martin J
Seller's Agent
Melody Golestani
Advisors Living - Newton
Buyer's Agent
Jared Ayele
East Coast Realty, Inc.
List Price
$749,000
Sold Price
$705,000
Premium/Discount to List
-$44,000
-5.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$217,000
Interest Rate
4.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2006
Sold by
T R
Bought by
Farahani Milad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,400
Interest Rate
6.58%
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 |
|---|---|---|---|
| Lois M Peppe Lt | -- | None Available | |
| Lois M Peppe Lt | -- | None Available | |
| Peppe Lois M | $705,000 | -- | |
| Peppe Lois M | $705,000 | -- | |
| Farahani Milad | $438,000 | -- | |
| Farahani Milad | $438,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Peppe Lois M | $217,000 | |
| Previous Owner | Farahani Milad | $350,400 | |
| Previous Owner | Farahani Milad | $87,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/21/2018 12/21/18 | Sold | $705,000 | -5.9% | $220 / Sq Ft |
| 11/28/2018 11/28/18 | Pending | -- | -- | -- |
| 10/16/2018 10/16/18 | For Sale | $749,000 | -- | $234 / 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 | $9,761 | $851,000 | $243,600 | $607,400 |
| 2024 | $9,716 | $845,600 | $232,000 | $613,600 |
| 2023 | $8,952 | $762,500 | $214,800 | $547,700 |
| 2022 | $8,981 | $700,000 | $189,000 | $511,000 |
| 2021 | $8,555 | $619,900 | $146,100 | $473,800 |
| 2020 | $8,034 | $561,800 | $137,500 | $424,300 |
| 2019 | $7,901 | $519,800 | $120,300 | $399,500 |
| 2018 | $8,118 | $507,400 | $120,300 | $387,100 |
| 2017 | $7,776 | $445,600 | $103,100 | $342,500 |
| 2016 | $7,135 | $411,700 | $81,600 | $330,100 |
| 2015 | $7,061 | $411,700 | $81,600 | $330,100 |
| 2014 | $6,420 | $343,300 | $58,400 | $284,900 |
Source: Public Records
Agents Affiliated with this Home
-
Melody Golestani
-
Jared Ayele
J
Buyer's Agent in 2018
Jared Ayele
East Coast Realty, Inc.
1 Total Sale
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72411492
APN: SWAM-000006-000188
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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