NOT LISTED FOR SALE

891 E Broadway Unit 893 South Boston, MA 02127

South Boston Neighborhood

Estimated Value: $1,565,722 - $2,139,000

9 Beds
3 Baths
3,087 Sq Ft
$612/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $1,915,000 $620 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,746/month

98 Days on Market

Highlights

  • Marina
  • 0.08 Acre Lot
  • Tennis Courts
  • Medical Services
  • Property is near public transit
  • 5-minute walk to Medal Of Honor Park

About This Home

As of July 2024

The Property consists of a 2-story building containing 2 residential units comprised of (1) 5-Bedroom/2-Bathroom duplex unit and (1) 3.5-Bedroom/1-Bathroom unit. The extensively renovated, direct entry units feature condo quality finishes including brand new kitchens with quartz counter tops, white shaker cabinets, stainless-steel appliances, in-unit laundry, hardwood and vinyl plank flooring, tile kitchens and bathrooms. Both units also have private rear decks in addition to a large backyard. The property features a newly painted exterior, new electrical service featuring 100amp service to each unit, Navien on-demand tankless hot water as well as brand new HVAC systems and new windows. Additionally, the finished basement features a new sprinkler system. The desirable building is individually metered for heat, cooling, hot water and electricity which the tenants pay directly. The subject property is ideal for a potential buyer looking for income growth and investment returns.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 02/05/2024

Last Buyer's Agent

Ryan Foley

Greater Metropolitan R. E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,238

Year Built

  • Built in 1900

Lot Details

  • 3,484 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 3,087 Sq Ft Home
  • Property has 2 Levels
  • Home Office
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $11,500
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 1413753

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $29,498
  • Net Operating Income $108,502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,238

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Office/Den
  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Finished
  • Living Area: 3087
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723
  • MAIN SO: NB1092

Exterior Features

  • Exterior Features: Balcony/Deck
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Covered
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront Features: Beach Front, Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Other
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1413753
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 24
  • Tax Annual Amount: 18238

Multi Family

  • Net Operating Income: 108502
  • Number Of Units Total: 2
  • Operating Expense: 29498
  • Total Actual Rent: 11500
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Jul 12, 2021
Sold by
Luna David J and Luna Joan
Bought by
891 Broadway Llc and Platt Development Grp Llc
Seller's Agent
Bob Nelson
RE/MAX Realty Plus
Buyer's Agent
Bob Nelson
RE/MAX Realty Plus
List Price
$1,349,000
Sold Price
$1,280,000
Premium/Discount to List
-$69,000
-5.11%
Current Estimated Value
$1,888,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,431
Avg. Annual Appreciation
9.26%
Original Mortgage
$1,387,500
Outstanding Balance
$1,253,469
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$634,962

Purchase Details

Closed on
Nov 1, 2004
Sold by
Mccole Catherine R
Bought by
Luna David J and Luna Joan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
891 Broadway Llc $1,280,000 None Available
Luna David J $200,000 --
Luna David J $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 891 Broadway Llc $1,387,500
Previous Owner Luna David J $149,000
Previous Owner Luna David J $100,000
Previous Owner Luna David J $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2024 07/05/24 Sold $1,915,000 -3.0% $620 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $1,975,000 -1.3% $640 / Sq Ft
02/05/2024 02/05/24 For Sale $2,000,000 +56.3% $648 / Sq Ft
07/12/2021 07/12/21 Sold $1,280,000 -5.1% $588 / Sq Ft View Prior Sale
04/07/2021 04/07/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $1,349,000 -- $620 / 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 $22,104 $1,908,800 $581,800 $1,327,000
2024 $18,238 $1,673,200 $398,200 $1,275,000
2023 $9,265 $862,700 $221,200 $641,500
2022 $10,967 $1,008,000 $341,300 $666,700
2021 $10,544 $988,200 $334,600 $653,600
2020 $9,040 $856,100 $367,400 $488,700
2019 $8,204 $778,400 $248,900 $529,500
2018 $7,622 $727,300 $248,900 $478,400
2017 $7,002 $661,200 $248,900 $412,300
2016 $6,380 $580,000 $248,900 $331,100
2015 $6,439 $531,700 $195,300 $336,400
2014 $6,313 $501,800 $195,300 $306,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Pentore

    Horvath & Tremblay

    Section Image
  • Ryan Foley

    Buyer's Agent in 2024

    Ryan Foley

    Greater Metropolitan R. E.

    (617) 523-2505

    8 in this area

    14 Total Sales

    Ryan Foley
    Section Image

  • B

    Seller's Agent in 2021

    Bob Nelson

    RE/MAX

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73199434

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-004283

Massachusetts Suffolk County Boston 02127 South Boston

891 E Broadway Unit 893, Boston, MA

Not Listed for Sale

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