Seller's Agent in 2022
John Pentore
Horvath & Tremblay
(781) 484-8166
8 in this area
46 Total Sales
873-875 E Second Boston, MA 02127
South Boston NeighborhoodEstimated Value: $2,168,000 - $5,570,000
22
Beds
16
Baths
7,440
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- 0.14 Acre Lot
- Property is near public transit
- Cooling Available
- Deck
- Tandem Parking
- 2-minute walk to Thomas J Butler Memorial Park
About This Home
As of August 2022The property consists of two adjacent, three-story, three family buildings containing six units with (4) 4-Bedroom/1.5-Bathroom units and (2) 3-Bedroom/1.5 Bathroom units. The Property is fully occupied and has undergone extensive renovations and features condo quality finishes including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in all units, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include dishwashers and laundry in all units, rear decks, off-street parking and oversized backyard which creates incredible outdoor space for tenants in an urban-infill location. The opportunity exists to increase the parking on the property by converting the backyard space into a parking area. Additionally, all leases currently expire 8/31/22. 5 of 6 units have been renewed or leased for 9/1/22– 8/31/23. 5.4% Cap Rate at Renewal Rates. Showing Thursday, 4/28 by APPT. only.
Last Buyer's Agent
Craig Shames
Compass
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,720
Year Built
- Built in 1890
Lot Details
- 6,250
Home Design
- Brick Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 7,440 Sq Ft Home
- Vinyl Flooring
- Washer
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 22 Bedrooms
Parking
- 4 Car Parking Spaces
- Tandem Parking
- Off-Street Parking
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Deck
- 6,250 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $27,600
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number 0603784000/0603785000
Community Details
Overview
- 6 Units
- Property has 1 Level
Recreation
- Park
Building Details
- Operating Expense $62,942
- Net Operating Income $273,058
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 1, 2016
Sold by
Burke William D and Kennedy John F
Bought by
873 E 2Nd Street Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,502,500
Outstanding Balance
$1,998,394
Interest Rate
3.59%
Mortgage Type
Unknown
Estimated Equity
$1,376,939
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 873 E 2Nd Street Llc | $1,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Skb Pearl Llc | $1 | |
| Open | 873 E 2Nd Street Llc | $2,502,500 | |
| Closed | Burke William D | $2,502,500 | |
| Previous Owner | Kennedy John F | $75,000 | |
| Previous Owner | Burke William D | $150,000 | |
| Previous Owner | Burke William D | $100,000 | |
| Closed | Skb Pearl Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2022 08/29/22 | Sold | $4,962,500 | -2.7% | $667 / Sq Ft |
| 05/23/2022 05/23/22 | Pending | -- | -- | -- |
| 04/22/2022 04/22/22 | For Sale | $5,100,000 | 0.0% | $685 / Sq Ft |
| 04/13/2022 04/13/22 | Pending | -- | -- | -- |
| 03/23/2022 03/23/22 | For Sale | $5,100,000 | -- | $685 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $24,808 | $2,142,300 | $553,500 | $1,588,800 |
| 2024 | $22,063 | $2,024,100 | $317,900 | $1,706,200 |
| 2023 | $20,129 | $1,874,200 | $294,400 | $1,579,800 |
| 2022 | $18,537 | $1,703,800 | $267,600 | $1,436,200 |
| 2021 | $18,180 | $1,703,800 | $267,600 | $1,436,200 |
| 2020 | $15,299 | $1,448,800 | $271,700 | $1,177,100 |
| 2019 | $13,885 | $1,317,400 | $195,400 | $1,122,000 |
| 2018 | $12,568 | $1,199,200 | $191,100 | $1,008,100 |
| 2017 | $8,513 | $803,900 | $191,100 | $612,800 |
| 2016 | $7,689 | $699,000 | $191,100 | $507,900 |
| 2015 | $7,817 | $645,500 | $205,800 | $439,700 |
| 2014 | $7,662 | $609,100 | $205,800 | $403,300 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
-
Dennis Kelleher
Seller Co-Listing Agent in 2022
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
5 in this area
57 Total Sales
-
C
Buyer's Agent in 2022
Craig Shames
Compass
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72956617
APN: SBOS-000000-000006-003784
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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