NOT LISTED FOR SALE

8 Nashua St Fitchburg, MA 01420

Estimated Value: $560,000 - $651,000

9 Beds
3 Baths
3,531 Sq Ft
$172/Sq Ft Est. Value

Last Sold January 30, 2023

Last sale price $450,000 $127 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,805/month

3 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Corner Lot
  • 4-minute walk to Sadie Quatrale Park

About This Home

As of January 2023

Offer Deadline is on Monday December 19 2022 at 6:00pm. Great location and Investment opportunity! This Large 3 family home has 3 bedrooms and 1 bath in each unit. All three units are similar in configuration. Eat-in kitchen has a pantry. All units have their own forced hot water heating systems, electrical meter and hot water heaters. There is also a landlord electric meter. The 2nd and 3rd floor apartments each have 2 porches. Washer and dryer hook ups in the basement for each unit. All units are fully occupied offering solid cash flow. Rents are below market value. Tenancy At Will. Close to Market Basket, commuter rail station, Fitchburg State University, hospitals and all major highways.

Last Agent to Sell the Property

Diane Basemera

Coldwell Banker Realty - Newton Listed on: 12/16/2022

Coldwell Banker Realty - Newton

Last Buyer's Agent

Joshua Mwongera

Aprilian Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,550

Year Built

  • Built in 1900

Lot Details

  • 3,144 Sq Ft Lot
  • Near Conservation Area
  • Corner Lot

Parking

  • Open Parking

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 3,531 Sq Ft Home
  • Block Basement Construction

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,800
  • Assessor Parcel Number 1505562

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $46
  • Insurance Expense $3,500
  • Operating Expense $3,546
  • Net Operating Income $42,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,550

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: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Concrete
  • Living Area: 3531
  • Stories Total: 6
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 126.03
  • PRICE PER Sq Ft: 127.44
  • MAIN SO: AN2448

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Cooling: Unit 1(Window AC)
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Parcel Number: 1505562
  • Zoning: NB
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3144
  • Lot Size Units: Acres
  • PAGE: 248
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5550
  • Tax Book Number: 9505

Multi Family

  • Electric Expense: 46
  • Gross Income: 45600
  • Insurance Expense: 3500
  • Net Operating Income: 42054
  • Number Of Units Total: 3
  • Operating Expense: 3546
  • Total Actual Rent: 3800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2008
Sold by
Soo-Hoo William W
Bought by
Soo-Hoo William W
Current Estimated Value
$607,038

Purchase Details

Closed on
Aug 1, 2008
Sold by
8 Nashua Street Rt and Soo-Hoo
Bought by
Soo-Hoo William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2007
Sold by
Soo-Hoo William W
Bought by
8 Nashua Street Rt and Soo-Hoo

Purchase Details

Closed on
Jun 3, 2005
Sold by
Ellia Marc P and Ellia Michael L
Bought by
Nsoah Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,400
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1999
Sold by
Ellia Michael L and Ellia Marianne
Bought by
Ellia Michael L and Ellia Marc P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,020
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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
Soo-Hoo William W -- --
Soo-Hoo William -- --
8 Nashua Street Rt -- --
Soo-Hoo William W $100,000 --
Nsoah Joseph $248,000 --
Ellia Michael L $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namakula Stella $441,849
Closed Tumwine Deo $222,000
Closed Jm Investment Llc $50,000
Closed Jm 1 Investments Llc $186,500
Previous Owner Soo-Hoo William $156,000
Previous Owner Nsoah Joseph $198,400
Previous Owner Nsoah Joseph $49,600
Previous Owner Ellia Marc P $10,000
Previous Owner Ellia Michael L $80,000
Previous Owner Ellia Michael L $93,100
Previous Owner Ellia Michael L $52,020
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2023 01/30/23 Sold $450,000 +1.1% $127 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/16/2022 12/16/22 For Sale $445,000 +50.3% $126 / Sq Ft
12/13/2019 12/13/19 Sold $296,000 +2.1% $84 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $289,900 +65.7% $82 / Sq Ft
05/24/2019 05/24/19 Sold $175,000 +6.1% $50 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $164,900 -- $47 / 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 $5,977 $442,400 $78,900 $363,500
2024 $5,392 $364,100 $47,300 $316,800
2023 $5,234 $326,700 $36,300 $290,400
2022 $5,551 $315,200 $31,900 $283,300
2021 $5,108 $268,400 $24,200 $244,200
2020 $3,690 $187,200 $19,800 $167,400
2019 $2,992 $146,000 $27,500 $118,500
2018 $2,712 $129,100 $25,300 $103,800
2017 $2,624 $122,100 $23,100 $99,000
2016 $2,626 $123,700 $23,100 $100,600
2015 $2,699 $130,500 $24,200 $106,300
2014 $2,653 $133,800 $24,200 $109,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73065407

MLS Property Information Network (MLS PIN)

APN: FITC-000069-000070