NOT LISTED FOR SALE

Estimated Value: $2,236,204

12 Beds
6 Baths
5,116 Sq Ft
$437/Sq Ft Est. Value

Last Sold August 25, 2016

Last sale price $1,240,000 $242 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $12,161/month

24 Days on Market

About This Home

As of August 2016

Situated just on the outskirts of the Polish Triangle and expansion of the South Bay Shopping Center this 4 Family Mixed Use has been renovated and is ready to make you money! Property consists of 1 commercial space which has had same tenant for many years & 3 spacious residential units. Commercial Space with same tenant for over 13 years. Currently leased at $2,500/Month with lease good thru 2020. 3 Residential units with a total 12 bedrooms, 4.5baths. 1st floor apartment consists of kitchen, living room, 2 bedrooms, 1.5baths. 2nf floor unit features 7 total rooms, 5 bedrooms, 1 full bath and in unit stackable laundry. 3rd floor unit has a total of 7 rooms, 5 bedrooms, 2 full baths & in unit stackable laundry. Property is 100% occupied capturing a yearly gross rent of $98,400! Recent updates include new roof, siding, and windows. All units feature separate utilities, lead certs, updated heating systems and more. Just sit back and collect the rent!

Last Agent to Sell the Property

Kristen Heffron

Village Realty HM, LLC Listed on: 05/24/2016

Last Buyer's Agent

Alptug Kantar

Boston Brokerage Group

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: City View(s), Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Certified Treated
  • Insc: 4860
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 19
  • Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
  • Electric: Individually Metered
  • Flooring: Tile, Hardwood
  • Basement: Full, Walk Out
  • Total Levels: 5

Exterior Features

  • Roof: Rubber
  • Construction: Frame
  • Exterior: Vinyl, Brick
  • Exterior Features: Deck - Composite
  • Foundation: Irregular

Utilities

  • Heat Zones: 4
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Dryer, Washer Hookup, Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 240

Condo/Co-op/Association

  • Total Units: 4

Lot Info

  • Assessor Parcel Number: W:07 P:03715 S:000
  • Zoning: Mixed Use

Multi Family

  • APOD Available: Yes
  • Heat Units: 4
  • Total Bedrooms: 12
  • Total Floors: 7
  • Total Full Baths: 4
  • Total Half Baths: 2
  • Total Levels: 3
  • Total Rms: 19
  • Total Rent_1: 8200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Aug 25, 2016
Sold by
Glenhill Realty Dev Ll
Bought by
Real Estate Boston Llc
Seller's Agent
Kristen Heffron
Village Realty HM, LLC
Buyer's Agent
Alptug Kantar
Boston Brokerage Group
List Price
$1,300,000
Sold Price
$1,240,000
Premium/Discount to List
-$60,000
-4.62%
Current Estimated Value
$2,236,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$996,204
Avg. Annual Appreciation
6.24%
Original Mortgage
$992,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2012
Sold by
Dunne Stephen D and Hegarty Gerard
Bought by
Glenhill Realty Dev Ll

Purchase Details

Closed on
Jul 1, 2003
Sold by
Roche Jeffrey
Bought by
Dunne Stephen D and Hegarty Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1998
Sold by
Jkk Rt and Fogg
Bought by
Columbia Road Rt and Roche

Purchase Details

Closed on
Mar 20, 1987
Sold by
Restuccia Alfred
Bought by
Jkk Realty Trust
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
Real Estate Boston Llc $1,240,000 --
Glenhill Realty Dev Ll -- --
Glenhill Realty Dev Ll -- --
Dunne Stephen D $530,000 --
Dunne Stephen D $530,000 --
Columbia Road Rt $135,000 --
Jkk Realty Trust $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Real Estate Boston Llc $16,050,000
Closed Real Estate Boston Llc $992,000
Previous Owner Glenhill Realty Dev Ll $600,000
Previous Owner Hegarty Gerard $100,000
Previous Owner Jkk Realty Trust $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2016 08/25/16 Sold $1,240,000 -4.6% $242 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $1,300,000 -- $254 / 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 -- $751,800 $218,000 $533,800
2024 -- $747,700 $218,000 $529,700
2023 $0 $764,100 $218,000 $546,100
2022 $0 $710,000 $218,000 $492,000
2021 $0 $721,600 $187,000 $534,600
2020 $0 $715,800 $187,000 $528,800
2019 $0 $701,000 $187,000 $514,000
2018 $0 $662,000 $178,800 $483,200
2017 $0 $637,500 $230,500 $407,000
2016 -- $557,000 $213,100 $343,900
2015 -- $501,000 $138,200 $362,800
2014 -- $458,500 $122,000 $336,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72011390

MLS Property Information Network (MLS PIN)

APN: DORC-000000-000007-003715