NOT LISTED FOR SALE

63 Cherry St Unit 65 Ashland, MA 01721

Estimated Value: $1,085,475

7 Beds
5.5 Baths
4,232 Sq Ft
$256/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $897,500 $212 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,626/month

84 Days on Market

Highlights

  • Waterfront
  • Property is near public transit and schools
  • Corner Lot
  • Ashland Middle School Rated A-
  • Wood Flooring
  • Jogging Path

About This Home

As of February 2022

BACK ON MARKET. BUYER HAD COLD FEET. ALL SHOWINGS NEED 24 HOURS TO SHOW. Investors take note. Excellent income producer. All tenants staying with sale of property. Excellent location. Close to everything including walk to train station, Ashland town center, Stone park, Framingham State University. All units are occupied. Including the office space above the garage. Make offer today before its gone.

Last Agent to Sell the Property

Marylou Essajanian

Realty Executives Boston West Listed on: 09/23/2021

Realty Executives Boston West

Last Buyer's Agent

Lauren Brooks

Hillman Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,824

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot
  • Waterfront
  • Corner Lot
  • Irregular Lot

Parking

  • 3 Car Garage

Home Design

  • 4,232 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Laundry Room
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • Property is near public transit and schools

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,800
  • Assessor Parcel Number M:014.0 B:0033 L:0000.0,3293801

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $1,544
  • Insurance Expense $4,295
  • Water Sewer Expense $3,200
  • Operating Expense $19,600
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,824

Year Built

Built in 1900

Lot Details

0.3 Acres

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Carpet, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen,Family Room,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Laundry Features: Unit 3 Laundry Room
  • Basement: Full, Interior Entry
  • Living Area: 4232
  • Stories Total: 6
  • MAIN LO: BB5398
  • MAIN SO: AN0856

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Stone, Irregular
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas), Unit 4(Central Heat,Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3200

Lot Info

  • Parcel Number: M:014.0 B:0033 L:0000.0,3293801
  • Zoning: Res/Com
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Lot Size Units: Acres
  • LOT SIZE: 13068

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8824

Multi Family

  • Electric Expense: 1544
  • Insurance Expense: 4295
  • Net Operating Income: 70000
  • Number Of Units Total: 3
  • Operating Expense: 19600
  • Total Actual Rent: 5800
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 2
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Feb 28, 2022
Sold by
Dervishian Edward B and Dervishian Narine
Bought by
Jdl Properties Llc
Seller's Agent
Marylou Essajanian
Realty Executives Boston West
Buyer's Agent
Lauren Brooks
Hillman Homes
Sold Price
$897,500
Current Estimated Value
$1,085,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,975
Avg. Annual Appreciation
4.80%
Original Mortgage
$675,000
Outstanding Balance
$621,985
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$463,490

Purchase Details

Closed on
May 1, 2019
Sold by
Bookheimer Peter C Est and Brown
Bought by
Vesuvius Realty Dev Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 1, 2015
Closed on
May 29, 2015
Sold by
Rogers Daniel E
Bought by
Dervishian Edward B and Dervishian Narine
Seller's Agent
Paul Gustavson
Realty Executives Boston West
Buyer's Agent
Marylou Essajanian
Realty Executives Boston West
List Price
$539,900
Sold Price
$520,000
Premium/Discount to List
-$19,900
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%

Purchase Details

Closed on
May 3, 1990
Sold by
Hall Elsie F
Bought by
Rogers Daniel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
10.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jdl Properties Llc $897,500 None Available
Vesuvius Realty Dev Llc $900,000 --
Dervishian Edward B $520,000 --
Rogers Daniel E $155,000 --
Rogers Daniel E $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jdl Properties Llc $675,000
Previous Owner Vesuvius Realty Dev Llc $1,312,500
Previous Owner Rogers Daniel E $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2022 02/28/22 Sold $897,500 +0.8% $212 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/06/2021 12/06/21 For Sale -- -- --
12/04/2021 12/04/21 Pending -- -- --
11/03/2021 11/03/21 For Sale -- -- --
10/18/2021 10/18/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $890,000 0.0% $210 / Sq Ft
08/11/2016 08/11/16 Rented $1,400 0.0% --
08/10/2016 08/10/16 Under Contract -- -- --
07/18/2016 07/18/16 For Rent $1,400 +3.7% --
08/01/2015 08/01/15 Rented $1,350 -99.7% --
07/02/2015 07/02/15 Under Contract -- -- --
05/29/2015 05/29/15 Sold $520,000 0.0% $101 / Sq Ft View Prior Sale
05/29/2015 05/29/15 For Rent $1,550 0.0% --
04/29/2015 04/29/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $539,900 -- $105 / 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 $10,996 $861,100 $243,100 $618,000
2024 $11,401 $861,100 $243,100 $618,000
2023 $11,057 $803,000 $231,500 $571,500
2022 $10,452 $658,200 $210,500 $447,700
2021 $8,824 $553,900 $210,500 $343,400
2020 $8,671 $536,600 $213,000 $323,600
2019 $8,470 $520,300 $213,000 $307,300
2018 $8,300 $499,700 $188,800 $310,900
2017 $7,996 $478,800 $185,200 $293,600
2016 $7,065 $415,600 $180,500 $235,100
2015 -- $395,300 $168,500 $226,800
2014 $6,624 $380,900 $150,500 $230,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72899187

MLS Property Information Network (MLS PIN)

APN: ASHL-000014-000033

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