NOT LISTED FOR SALE

617 Main St Leominster, MA 01453

Estimated Value: $566,935

6 Beds
3 Baths
2,330 Sq Ft
$243/Sq Ft Est. Value

Last Sold October 25, 2023

Last sale price $501,000 $215 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,578/month

5 Days on Market

About This Home

As of October 2023

Multiple Offers- Highest & Best due Tuesday 9/26 @ 10AM. Great opportunity for new homeowners looking to move in and collect rental income. This multi family property has 2 BR's 1 Bath in each unit, with updates in most units including stainless steel appliances, granite countertops in units 1&2, fresh paint in unit 3, hardwood floors throughout, etc. Units 1&2 are rented and unit 3 is vacant. This property has plenty of yard and parking space and is located conveniently near major access routes, restaurants, and shopping plazas. Stop by our open house 9/22 @ 4:45-5:30pm & 9/23 @ 11-12:30pm!

Last Agent to Sell the Property

Raquel Martinez

Martinez Realty Group Listed on: 09/20/2023

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,981

Year Built

  • Built in 1914

Lot Details

  • 8,167 Sq Ft Lot

Interior Spaces

  • 2,330 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Built-In Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Community Details

  • 3 Units
  • Net Operating Income $30,600

Listing and Financial Details

  • Total Actual Rent $2,550
  • Assessor Parcel Number M:0273 B:0001 L:0000,1582273

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,981

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1914
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Countertop Range, Refrigerator
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 2330
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6662
  • LIST PRICE PER Sq Ft: 193.13
  • PRICE PER Sq Ft: 215.02
  • MAIN SO: H11111

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0273 B:0001 L:0000,1582273
  • Zoning: 0000
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8167
  • Lot Size Units: Acres
  • PAGE: 355
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5981
  • Tax Book Number: 9303

Multi Family

  • Gross Income: 30600
  • Net Operating Income: 30600
  • Number Of Units Total: 3
  • Total Actual Rent: 2550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Oct 31, 2023
Sold by
198-200 Chester Ave Inc
Bought by
198-200 Chester Ave Inc and J Martinez Invs Llc
Seller's Agent
Raquel Martinez
Martinez Realty Group
Buyer's Agent
Non Member
Non Member Office
List Price
$450,000
Sold Price
$501,000
Premium/Discount to List
$51,000
11.33%
Views
47
Current Estimated Value
$566,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,935
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Jan 18, 2019
Sold by
Citimortgage Inc
Bought by
Bella Development Ltd

Purchase Details

Closed on
Sep 28, 2018
Sold by
Department Of Housing & Urban Dev
Bought by
Citimortgage Inc

Purchase Details

Closed on
Apr 20, 2018
Sold by
Citimortgage Inc
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Dec 13, 2012
Sold by
Disando Anthony and Citimortgage Inc
Bought by
Citimortgage Inc

Purchase Details

Closed on
May 2, 2008
Sold by
Disando Anthony
Bought by
617 Main Street Rt and Smalley

Purchase Details

Closed on
Sep 28, 2001
Sold by
Rivera Manuel and Rivera Aida
Bought by
Spencer Scott A and Spencer Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,098
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 1997
Sold by
Sacino David G
Bought by
Rivera Manuel and Rivera Aida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
198-200 Chester Ave Inc -- None Available
Bella Development Ltd $300 --
Citimortgage Inc -- --
Department Of Housing & Urban Dev -- --
Citimortgage Inc $333,079 --
617 Main Street Rt $20,000 --
Spencer Scott A $115,000 --
Rivera Manuel $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivera Manuel $114,098
Previous Owner Rivera Manuel $114,098
Previous Owner Rivera Manuel $32,000
Previous Owner Rivera Manuel $51,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2023 10/25/23 Sold $501,000 +11.3% $215 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $450,000 -- $193 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $6,736 $480,100 $116,400 $363,700
2024 $6,281 $432,900 $110,800 $322,100
2023 $5,981 $384,900 $96,300 $288,600
2022 $5,642 $340,700 $83,800 $256,900
2021 $4,077 $224,900 $65,200 $159,700
2020 $4,044 $224,900 $65,200 $159,700
2019 $3,604 $194,400 $62,100 $132,300
2018 $3,503 $181,200 $60,300 $120,900
2017 $3,478 $176,300 $56,300 $120,000
2016 $3,293 $168,200 $56,300 $111,900
2015 $3,270 $168,200 $56,300 $111,900
2014 $4,003 $211,900 $96,000 $115,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73161609

MLS Property Information Network (MLS PIN)

APN: LEOM-000273-000001