Scott Martin
Martin Property Management
(339) 293-0695
14 Total Sales
1 in South Boston
$1,350,000 Price
870 E 5th St Boston, MA 02127
South Boston NeighborhoodEstimated Value: $3,007,000 - $3,723,000
15
Beds
7
Baths
5,893
Sq Ft
$563/Sq Ft
Est. Value
Highlights
- Waterfront
- 0.07 Acre Lot
- Laundry Room
- Beethoven Elementary School Rated A-
- Covered Patio or Porch
- 3-minute walk to Michael Joyce Memorial Playground
About This Home
As of October 2022The Property, with over $220,000 in gross rents, is located at 870 E. 5th Street in South Boston. 870 E 5th offers the rare opportunity to acquire an outstanding, turn key core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a gut renovated, three story building containing units with (1) 5-bedroom/3 bathroom unit and (2) 5-bedroom/2 bathroom units with 8,653 square feet of living area. The property is fully leased (with all units rented until 8/31/23) and has undergone a total renovation, every system and building element is brand new featuring condo quality finishes, including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in every unit, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include private storage, coin op laundry, rear decks and a shared backyard.
Co-Listed By
Dennis Kelleher
Horvath & Tremblay
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,423
Year Built
- Built in 1899
Lot Details
- 3,049 Sq Ft Lot
- Waterfront
Home Design
- Frame Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,893 Sq Ft Home
- Property has 2 Levels
- Vinyl Flooring
- Partially Finished Basement
- Partial Basement
- Laundry Room
Bedrooms and Bathrooms
- 15 Bedrooms
- 7 Full Bathrooms
Parking
- Driveway
- Open Parking
Additional Features
- Covered Patio or Porch
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $18,400
- Assessor Parcel Number 1410885
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $38,020
- Net Operating Income $182,780
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
Jul 15, 2022
Closed on
Oct 21, 2022
Sold by
Bought by
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
John Pentore
Horvath & Tremblay
List Price
$3,475,000
Sold Price
$3,200,000
Premium/Discount to List
-$275,000
-7.91%
Views
1
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
$115,916
Avg. Annual Appreciation
0.93%
Original Mortgage
$1,213,035
Outstanding Balance
$1,152,633
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,163,283
Purchase Details
Listed on
Aug 17, 2017
Closed on
Dec 20, 2017
Sold by
Bought by
Seller's Agent
Tia Zaferakis
Conway - S. Boston
Buyer's Agent
John Federico, Jr.
Greater Metropolitan R. E.
List Price
$1,950,000
Sold Price
$1,700,000
Premium/Discount to List
-$250,000
-12.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.96%
Original Mortgage
$2,850,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 28, 1990
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Boston, MA
-
Scott Martin
-
Joseph McEachern
Joseph McEachern
Paramount Properties
(781) 808-2896
70 Total Sales
5 in South Boston
$388K - $1.1M Price Range
-
Douglas Bosse
Douglas Bosse
Olde Towne Real Estate Co.
(857) 320-4200
64 Total Sales
2 in South Boston
$570K - $915K Price Range
-
Robb Cohen Team
Robb Cohen Team
Engel & Volkers Boston
(781) 622-9049
26 Total Sales
2 in South Boston
$900K - $1.1M Price Range
-
Greater Boston Home Team
GB
Greater Boston Home Team
Greater Boston Home Buying
(857) 290-5645
82 Total Sales
1 in South Boston
$1,112,000 Price
-
Mike Reece
Mike Reece
Gibson Sotheby's International Realty
(339) 230-2483
60 Total Sales
1 in South Boston
$915,000 Price
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 |
|---|---|---|---|
| $3,200,000 | None Available | ||
| $1,700,000 | -- | ||
| $40,000 | -- |
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 | $1,213,035 | ||
| Previous Owner | $2,850,000 | ||
| Closed | $64,500 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2022 10/21/22 | Sold | $3,200,000 | -7.9% | $543 / Sq Ft | |
| 08/01/2022 08/01/22 | Pending | -- | -- | -- | |
| 07/15/2022 07/15/22 | For Sale | $3,475,000 | +104.4% | $590 / Sq Ft | |
| 12/19/2017 12/19/17 | Sold | $1,700,000 | -12.8% | $375 / Sq Ft | View Prior Sale |
| 10/25/2017 10/25/17 | Pending | -- | -- | -- | |
| 10/03/2017 10/03/17 | For Sale | $1,950,000 | 0.0% | $430 / Sq Ft | |
| 10/02/2017 10/02/17 | Pending | -- | -- | -- | |
| 08/17/2017 08/17/17 | For Sale | $1,950,000 | -- | $430 / 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 | $36,394 | $3,142,800 | $719,700 | $2,423,100 |
| 2024 | $32,193 | $2,953,500 | $409,500 | $2,544,000 |
| 2023 | $22,176 | $2,064,800 | $386,300 | $1,678,500 |
| 2022 | $20,423 | $1,877,100 | $351,200 | $1,525,900 |
| 2021 | $20,029 | $1,877,100 | $351,200 | $1,525,900 |
| 2020 | $18,285 | $1,731,500 | $329,300 | $1,402,200 |
| 2019 | $15,336 | $1,455,000 | $247,400 | $1,207,600 |
| 2018 | $14,614 | $1,394,500 | $247,400 | $1,147,100 |
| 2017 | $14,058 | $1,327,500 | $247,400 | $1,080,100 |
| 2016 | $12,698 | $1,154,400 | $247,400 | $907,000 |
| 2015 | $11,766 | $971,600 | $211,800 | $759,800 |
| 2014 | $10,395 | $826,300 | $211,800 | $614,500 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
Seller's Agent in 2022
John Pentore
Horvath & Tremblay
(781) 484-8166
7 in this area
43 Total Sales
-
D
Seller Co-Listing Agent in 2022
Dennis Kelleher
Horvath & Tremblay
-
Tia Zaferakis
Seller's Agent in 2017
Tia Zaferakis
Conway - S. Boston
(617) 699-6268
17 in this area
44 Total Sales
-
J
Buyer's Agent in 2017
John Federico, Jr.
Greater Metropolitan R. E.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73012708
APN: SBOS-000000-000006-004464
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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