Seller's Agent in 2024
John Federico, Jr.
Grove Property Group
(617) 670-5993
11 in this area
23 Total Sales
651 E 7th St Boston, MA 02127
South Boston NeighborhoodEstimated Value: $1,311,735 - $1,558,000
5
Beds
3
Baths
1,968
Sq Ft
$745/Sq Ft
Est. Value
About This Home
As of July 2024This legal 2 family ( once a 3 family ) is ideal for investors or owner-occupants, this turnkey two-family home is located on the east side of South Boston. The property has a robust rental history with potential for rent increases. It features three levels of living space including modern amenities such as in-unit laundry, stainless steel appliances, contemporary fixtures, and hardwood flooring. The first unit has a one-bedroom, one-bath layout with an eat-in kitchen and living area. The second unit is a duplex with four bedrooms with an office and two bathrooms, combined kitchen and living space. Benefits include a steel fire escape quaint patio, recent renovations to kitchens and bathrooms, and updated appliances. Conveniently situated, it’s just a short walk to East Broadway’s array of restaurants, bars, shops, and the beach, with easy access to the beach , public transportation and seaport area. ~~ This property could be packaged with one or two other properties in S. Boston ~~
Co-Listed By
Ryan Quinn
Grove Property Group
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,514
Year Built
- Built in 1890
Lot Details
- 906 Sq Ft Lot
- Corner Lot
Home Design
- Block Foundation
Interior Spaces
- 1,968 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Community Details
- 2 Units
- Net Operating Income $94,800
Listing and Financial Details
- Total Actual Rent $8,000
- Assessor Parcel Number 1411410
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2024
Closed on
Aug 8, 2024
Sold by
Bought by
Seller's Agent
John Federico, Jr.
Grove Property Group
Buyer's Agent
Peter Scanlan
Coldwell Banker Realty - Belmont
List Price
$1,485,000
Sold Price
$1,435,000
Premium/Discount to List
-$50,000
-3.37%
Views
6
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
$31,934
Avg. Annual Appreciation
1.16%
Original Mortgage
$550,000
Outstanding Balance
$539,997
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$926,937
Purchase Details
Listed on
May 9, 2024
Closed on
Jul 2, 2024
Sold by
Bought by
Seller's Agent
John Federico, Jr.
Grove Property Group
Buyer's Agent
Peter Scanlan
Coldwell Banker Realty - Belmont
List Price
$1,485,000
Sold Price
$1,435,000
Premium/Discount to List
-$50,000
-3.37%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$539,997
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$926,937
Purchase Details
Closed on
Sep 27, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| $1,435,000 | None Available | ||
| $820,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $550,000 | ||
| Previous Owner | $656,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2024 07/02/24 | Sold | $1,435,000 | -3.4% | $729 / Sq Ft |
| 05/31/2024 05/31/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | For Sale | $1,485,000 | -- | $755 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $15,129 | $1,306,500 | $375,900 | $930,600 |
| 2024 | $13,514 | $1,239,800 | $248,400 | $991,400 |
| 2023 | $12,331 | $1,148,100 | $230,000 | $918,100 |
| 2022 | $11,562 | $1,062,700 | $212,900 | $849,800 |
| 2021 | $7,948 | $744,900 | $171,400 | $573,500 |
| 2020 | $7,044 | $667,000 | $162,200 | $504,800 |
| 2019 | $7,971 | $756,300 | $117,400 | $638,900 |
| 2018 | $7,546 | $720,000 | $117,400 | $602,600 |
| 2017 | $6,931 | $654,500 | $117,400 | $537,100 |
| 2016 | $6,545 | $595,000 | $117,400 | $477,600 |
| 2015 | $5,835 | $481,800 | $138,500 | $343,300 |
| 2014 | $5,158 | $410,000 | $138,500 | $271,500 |
Source: Public Records
Agents Affiliated with this Home
-
John Federico, Jr.
-
R
Seller Co-Listing Agent in 2024
Ryan Quinn
Grove Property Group
-
Peter Scanlan
Buyer's Agent in 2024
Peter Scanlan
Coldwell Banker Realty - Belmont
(781) 883-7867
1 in this area
63 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73235308
APN: SBOS-000000-000007-002549
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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