NOT LISTED FOR SALE

7 Nelson St Webster, MA 01570

Estimated Value: $520,000 - $604,000

5 Beds
3 Baths
2,920 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $535,000 $183 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,323/month

5 Days on Market

Highlights

  • Property is near public transit and schools
  • Jogging Path
  • Porch
  • Wood Flooring
  • Balcony
  • Bathtub with Shower

About This Home

As of April 2024

Welcome to this fantastic investment opportunity in Webster, MA! This meticulously maintained 3-unit multi-family property offers the perfect chance for owner occupancy and rental income. The property has been well-cared for over the years, and it shows! It ensures a comfortable and inviting living environment for tenants. Units 1 and 2 feature 2 bedrooms and 1 bathroom each. They have also been refinished with new kitchens, pantries, flooring, walls, bathrooms, and have Hydrosill heating systems. The refinished third floor unit offers 1 bedroom and 1 bathroom. With off-street parking available for tenants, convenience is key. Situated in a prime location with easy access to 395, as well as nearby restaurants and shops, this property offers both convenience and potential for long-term success. Don't miss out on the chance to own this exceptional multi-family property in Webster! Showings start with Open Houses Sat & Sun 11-1pm

Last Agent to Sell the Property

Mary Wood

Lamacchia Realty, Inc. Listed on: 03/20/2024

Lamacchia Realty, Inc.

Last Buyer's Agent

Nicholas Martin

Buyers Choice Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,281

Year Built

  • Built in 1900

Lot Details

  • 9,570 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,920 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit and schools

Utilities

  • No Cooling
  • 10 Heating Zones
  • Heating Available
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $3,550
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:27 B:E P:21,1747667
  • Tax Block E

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $1,911
  • Operating Expense $19,807
  • Net Operating Income $19,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,281

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • 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
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Vinyl, Carpet, Laminate, Hardwood
  • Interior Amenities: Ceiling Fan(s), Bathroom With Tub & Shower, Smart Thermostat, Living Room, Dining Room, Kitchen
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 2920
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN2314
  • MAIN SO: C01900

Exterior Features

  • Exterior Features: Balcony/Deck, Balcony
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: None
  • Heating: Other, Electric
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 10
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Electric, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:27 B:E P:21,1747667
  • Zoning: MR-12,
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9570
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4281
  • Tax Block: E

Multi Family

  • Insurance Expense: 1911
  • Net Operating Income: 19807
  • Number Of Units Total: 3
  • Operating Expense: 19807
  • Total Actual Rent: 3550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 1987
Sold by
Neiduski Lee F
Bought by
Fadavi Lee
Current Estimated Value
$557,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
9.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fadavi Lee $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fadavi Lee $137,825
Closed Fadavi Lee $24,000
Closed Fadavi Lee $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $535,000 +1.9% $183 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $525,000 -- $180 / 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 $4,896 $412,100 $52,200 $359,900
2024 $4,281 $351,500 $50,200 $301,300
2023 $3,663 $293,000 $47,800 $245,200
2022 $3,426 $245,400 $46,400 $199,000
2021 $3,266 $216,300 $46,400 $169,900
2020 $2,979 $197,800 $46,400 $151,400
2019 $2,782 $181,500 $46,400 $135,100
2018 $2,622 $170,400 $46,400 $124,000
2017 $2,425 $160,300 $45,500 $114,800
2016 $2,427 $160,300 $45,500 $114,800
2015 $2,308 $157,200 $44,600 $112,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73214639

MLS Property Information Network (MLS PIN)

APN: WEBS-000027-E000000-000021