$515,000
SOLD JUN 6, 2024
4 Beds
2 Baths
2,276 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

3% Below List Price

24 Days on Market

Highlights

  • Property is near public transit
  • Enclosed Patio or Porch
  • Living Room
  • Wood Flooring
  • Bathtub with Shower
  • Garden

About This Home

As of June 2024

Great investment property located in the Burncoat neighborhood. Young roof, two new heating systems, replacement windows - very solid house, not much to do other than buy! This property is generating $3500/month between two units; a 6.5% cap rate for a two-family! A quaint backyard and patio with one off-street parking spot in front. Inside each unit comes with two nice-sized bedrooms, one bathroom with shower/tub, a large kitchen with galley pantry, a dining room and a living room. Two enclosed and two open porches on each floor and plenty of closet space and storage in the basement. Each unit has its own washer and dryer in the basement! This property is stabilized/turnkey for an investor or a great option for someone who wants to owner occupy. Either way this property is ready for its next owner! *OFFER DEADLINE MONDAY 5/6 BY 6PM*

Last Agent to Sell the Property

Amy Stillman

Hammond Residential Real Estate Listed on: 04/11/2024

Hammond Residential Real Estate

Last Buyer's Agent

Nicole Watson

Champion Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,354

Year Built

  • Built in 1923

Lot Details

  • 5,000 Sq Ft Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,276 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $3,500
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:12 B:040 L:00024,1774750

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $200
  • Insurance Expense $1,428
  • Operating Expense $1,628
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,354

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1923
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • 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: 2

Interior Features

  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry
  • Living Area: 2276
  • Spa YN: No
  • Stories Total: 2
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 226.27
  • PRICE PER Sq Ft: 226.27
  • MAIN SO: K95636

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:12 B:040 L:00024,1774750
  • Zoning: RL-7
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • PAGE: 194
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6354
  • Tax Book Number: 63616

Multi Family

  • Electric Expense: 200
  • Gross Income: 42000
  • Insurance Expense: 1428
  • Net Operating Income: 42000
  • Number Of Units Total: 2
  • Operating Expense: 1628
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Oct 28, 2020
Sold by
Romero Juan and Degray Emily R
Bought by
Coombs Philip and Wei Xianhe
Seller's Agent
Sarah Gustafson
Keller Williams Pinnacle Central
Buyer's Agent
Michael McManus
Custom Home Realty, Inc.
List Price
$325,000
Sold Price
$360,000
Premium/Discount to List
$35,000
10.77%
Current Estimated Value
$531,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,489
Avg. Annual Appreciation
8.46%
Original Mortgage
$340,862
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 1, 2017
Closed on
Jul 31, 2017
Sold by
Cote Chirley J and Shepardson Shirley M
Bought by
Romero Juan and Degray Emily R
Seller's Agent
Brandon O'Neal
Coldwell Banker Realty - Worcester
Buyer's Agent
Sarah Gustafson
Keller Williams Pinnacle Central
List Price
$279,900
Sold Price
$280,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$238,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2007
Sold by
Gamache Carol M and Gamache Kenneth G
Bought by
Cote Shirley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,631
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 1999
Sold by
Trepanier William H
Bought by
Trepanier Barbara B
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $360,000 None Available
Not Resolvable $280,000 --
Deed -- --
Deed $218,000 --
Deed $218,000 --
Deed $44,450 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,000 Purchase Money Mortgage
Closed $25,000 Second Mortgage Made To Cover Down Payment
Closed $335,000 Purchase Money Mortgage
Closed $340,862 FHA
Previous Owner $238,000 New Conventional
Previous Owner $203,920 FHA
Previous Owner $216,702 FHA
Previous Owner $214,631 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2024 06/06/24 Sold $515,000 0.0% $226 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $515,000 -2.8% $226 / Sq Ft
04/18/2024 04/18/24 For Sale $530,000 0.0% $233 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $530,000 +47.2% $233 / Sq Ft
10/29/2020 10/29/20 Sold $360,000 +10.8% $158 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $325,000 +16.1% $143 / Sq Ft
07/31/2017 07/31/17 Sold $280,000 0.0% $123 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $279,900 -- $123 / 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 $7,167 $543,400 $97,900 $445,500
2024 $6,793 $494,000 $97,900 $396,100
2023 $6,354 $443,100 $85,100 $358,000
2022 $5,868 $385,800 $68,100 $317,700
2021 $5,665 $348,000 $54,500 $293,500
2020 $5,285 $310,900 $54,500 $256,400
2019 $5,319 $295,500 $49,000 $246,500
2018 $3,810 $201,500 $49,000 $152,500
2017 $3,638 $189,300 $49,000 $140,300
2016 $3,592 $174,300 $36,400 $137,900
2015 $3,498 $174,300 $36,400 $137,900
2014 $3,406 $174,300 $36,400 $137,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73223229

MLS Property Information Network (MLS PIN)

APN: WORC-000012-000040-000024