61 Gray St Amherst, MA 01002
Amherst NeighborhoodEstimated Value: $738,000 - $813,656
8
Beds
3.5
Baths
3,314
Sq Ft
$236/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- Amherst Regional Middle School Rated A-
- Wood Flooring
- Porch
About This Home
As of August 2022Excellent investment opportunity! Three unit rental property, two great long term tenants on first floor and new tenants coming into larger second floor unit. Great location, close to Amherst College, UMASS, and minutes away from downtown Amherst. On street and off street parking available. Also on the bus route. Separate heat and electric utilities for each unit. Recently replaced electric meters for all units. New boiler installed, as well as new oil tank and supply lines. Newer pressure treated entry into one of the first floor units. Beautiful corner lot in a pleasant residential neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,269
Year Built
- Built in 1900
Lot Details
- 0.31 Acre Lot
- Corner Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Metal Roof
Interior Spaces
- 3,314 Sq Ft Home
- Property has 1 Level
- Window Screens
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- 8 Car Parking Spaces
- Stone Driveway
- Off-Street Parking
Outdoor Features
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Heating Available
- 110 Volts
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $5,910
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Tax Lot 73
- Assessor Parcel Number M:0014B B:0000 L:0073,3009694
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Additional Features
- 3 Units
- Net Operating Income $70,920
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 6, 2017
Sold by
Kerrissey Jasmine O
Bought by
Bahneman Kurt A and Kerrissey Jasmine O
Total Days on Market
6
Current Estimated Value
Purchase Details
Closed on
Jul 7, 2016
Sold by
Nielsen Teresa J
Bought by
Nielsen Niels L
Purchase Details
Closed on
Feb 14, 2005
Sold by
Amity Re Inc
Bought by
Nielsen Niels L and Nielsen Teresa J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Amherst, MA
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 |
|---|---|---|---|
| Bahneman Kurt A | -- | -- | |
| Nielsen Niels L | -- | -- | |
| Nielsen Niels L | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Eastern Realty Llc | $572,000 | |
| Previous Owner | Nielsen Niels L | $800,000 | |
| Previous Owner | Nielsen Niels L | $85,000 | |
| Previous Owner | Bogartz Lorraine W | $229,000 | |
| Previous Owner | Bogartz Lorraine W | $262,500 | |
| Previous Owner | Bogartz Lorraine W | $137,300 | |
| Previous Owner | Bogartz Lorraine W | $137,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2022 08/10/22 | Sold | $715,000 | +8.5% | $216 / Sq Ft |
| 06/12/2022 06/12/22 | Pending | -- | -- | -- |
| 06/05/2022 06/05/22 | For Sale | $659,000 | -- | $199 / 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 | $127 | $709,100 | $202,500 | $506,600 |
| 2024 | $12,407 | $670,300 | $191,000 | $479,300 |
| 2023 | $9,582 | $476,700 | $173,600 | $303,100 |
| 2022 | $9,269 | $435,800 | $157,900 | $277,900 |
| 2021 | $9,256 | $424,200 | $146,300 | $277,900 |
| 2020 | $9,044 | $424,200 | $146,300 | $277,900 |
| 2019 | $8,696 | $398,900 | $146,300 | $252,600 |
| 2018 | $8,433 | $398,900 | $146,300 | $252,600 |
| 2017 | $8,250 | $377,900 | $139,300 | $238,600 |
| 2016 | $8,019 | $377,900 | $139,300 | $238,600 |
| 2015 | $7,762 | $377,900 | $139,300 | $238,600 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Palatt
S
Seller's Agent in 2022
Steven Palatt
Brick & Mortar
(413) 549-8572
15 in this area
27 Total Sales
-
Matthew Guerdon
M
Seller Co-Listing Agent in 2022
Matthew Guerdon
Brick & Mortar
2 in this area
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72992552
APN: AMHE-000014B-000000-000073
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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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