NOT LISTED FOR SALE

Estimated Value: $967,000 - $1,077,000

4 Beds
3 Baths
2,346 Sq Ft
$433/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $800,000 $341 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,265/month

40 Days on Market

About This Home

As of July 2021

Rarely available, Banks Square, 3-unit residential property located on bustling Main Street and fully leased. Units comprised of a large, recently renovated studio, a smaller studio and an upper floor duplex unit currently being used as 2 bedroom. Building has all separate utilities and off-street parking for 5+ cars. Roof is approximately 10 years old. Business zoning may allow for commercial component. Fantastic opportunity to renovate and increase rents. Add this one to your portfolio! Group showings by appointment only. Call for details.

Last Agent to Sell the Property

Arcangelo Mariano

MINQ Property Group LLC Listed on: 04/19/2021

Last Buyer's Agent

Shahla Haghayeghi

Broadway Realty Partners, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,875

Year Built

  • Built in 1860

Lot Details

  • 5,663

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Additional Features

  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:059 B:018 L:0004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,875

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 1500
  • Year Built Description: Actual
  • List Price Per Sq Ft: 340.96
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1860
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1860

Interior Features

  • Flooring: Tile, Vinyl, Wall to Wall Carpet
  • Total Flrs: 4
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full, Slab, Unfinished Basement
  • Main Lo: AN2652
  • Main So: NB2605
  • Estimated Sq Ft: 2346.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 5

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 240
  • Electric Features: 110 Volts, 220 Volts, Fuses, Circuit Breakers
  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, University

Lot Info

  • Assessments: 623600.00
  • Acre: 0.13
  • Lot Size: 5580.00
  • Page: 306
  • Parcel Number: M:059 B:018 L:0004
  • Zoning: 0000
  • Lot Description: Paved Drive, Easements

Multi Family

  • APOD Available: Yes
  • Heat Units: 3
  • Total Levels: 4
  • Total Rent: 3845
  • Total Rms: 10
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 7059.00
  • Assessor Parcel Number: 836329
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jul 28, 2021
Sold by
Savoy Grace D
Bought by
Yating-Gao Cailey and Zheng Zhao T
Seller's Agent
Arcangelo Mariano
MINQ Property Group LLC
Buyer's Agent
Shahla Haghayeghi
Broadway Realty Partners, LLC
List Price
$799,900
Sold Price
$800,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
$1,015,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,627
Avg. Annual Appreciation
6.21%
Original Mortgage
$600,000
Outstanding Balance
$551,659
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$463,968

Purchase Details

Closed on
Dec 2, 1998
Sold by
New England College
Bought by
Savoy Grace D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
6.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1997
Sold by
Wilson Clinton L
Bought by
New England College
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
Yating-Gao Cailey $800,000 None Available
Savoy Grace D $198,615 --
New England College $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yating-Gao Cailey $600,000
Previous Owner Savoy Grace D $252,000
Previous Owner Savoy Grace D $234,000
Previous Owner Savoy Grace D $102,000
Previous Owner Savoy Grace $250,000
Previous Owner New England College $100,000
Previous Owner New England College $149,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2021 07/28/21 Sold $800,000 0.0% $341 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/15/2021 05/15/21 For Sale $799,900 0.0% $341 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $799,900 -- $341 / 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 $7,875 $801,900 $343,700 $458,200
2024 $7,284 $755,600 $341,500 $414,100
2023 $7,856 $761,200 $327,300 $433,900
2022 $7,974 $715,800 $298,900 $416,900
2021 $7,059 $623,600 $241,900 $381,700
2020 $6,820 $570,700 $213,500 $357,200
2019 $6,336 $500,500 $211,300 $289,200
2018 $5,793 $459,400 $195,700 $263,700
2017 $5,546 $441,600 $177,900 $263,700
2016 $5,405 $441,600 $177,900 $263,700
2015 $5,079 $386,800 $160,100 $226,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72817148

MLS Property Information Network (MLS PIN)

APN: WALT-000059-000018-000004