NOT LISTED FOR SALE

98 Fearing St Amherst, MA 01002

Estimated Value: $889,000 - $1,092,924

6 Beds
3 Baths
2,751 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $850,000 $309 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,284/month

7 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Jogging Path
  • Amherst Regional Middle School Rated A-
  • Wood Flooring
  • Shops

About This Home

As of August 2021

Location, location, location! Exceedingly rare opportunity to own a handsome, well-maintained, three-family home on a substantial .84 acre lot in the heart of Amherst. Easy walks to downtown, UMass, and major bus routes. Ample natural light and hardwood floors throughout enhance the beauty of each unit. Interior entrance/second means of egress a plus! Notable features include a new water heater (2020), newer furnace (2012), and individual electric meters. Perfect for residential buyers (was owner-occupied for the past 48 years) and developers alike: enjoy it as an income-generating primary residence or significantly boost its already-excellent revenue-generating capacity with the potential of building up to four additional units in the private, serene, and spacious back yard. First floor unit offers 3 BRs + 1 bath. Second floor currently configured as a 2BR + 1 bath, but with potential for a 3 BR. Third floor is a 3RM, 1 BR + 1 bath. Good value! Great appearance! A must see!!

Last Agent to Sell the Property

Jacqueline Zuzgo

5 College REALTORS® Listed on: 06/16/2021

Last Buyer's Agent

Justine Rosewarne

5 College REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,855

Year Built

  • Built in 1925

Lot Details

  • 0.84 Acre Lot
  • Near Conservation Area
  • Level Lot
  • Garden

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • 2,751 Sq Ft Home
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Amherst Elementary And Middle School
  • Amherst High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $1,500
  • Rent includes unit 1(heat hot water), unit 2(heat water hot water), unit 3(heat hot water)
  • Tax Lot 129
  • Assessor Parcel Number M:0011C B:0000 L:0129,3008502

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Golf Course Community
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $3,664
  • Water Sewer Expense $844
  • Operating Expense $10,589
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,855

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1925
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Vinyl, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Pantry,Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Oil Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry
  • Living Area: 2751
  • Stories Total: 6
  • MAIN LO: AN1019
  • LIST PRICE PER Sq Ft: 281.72
  • PRICE PER Sq Ft: 308.98
  • MAIN SO: AN1019

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Foundation Details: Block
  • Frontage Length: 113
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Oil, Unit 1(Oil), Unit 2(Oil), Unit 3(Oil)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University, Sidewalks
  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 844

Lot Info

  • Parcel Number: M:0011C B:0000 L:0129,3008502
  • Zoning: RG
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.84
  • Lot Size Area: 0.84
  • Lot Size Sq Ft: 36590.4
  • Lot Size Units: Acres
  • LOT SIZE: 36481
  • PAGE: 73

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8855
  • Tax Block: 0
  • Tax Book Number: 2673
  • Tax Lot: 129
  • Tax Map Number: 11C

Multi Family

  • Gross Income: 18000
  • Insurance Expense: 3664
  • Net Operating Income: 18000
  • Number Of Units Total: 3
  • Operating Expense: 10589
  • Total Actual Rent: 1500
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Amherst
  • Elementary School: Amherst
  • Middle Or Junior School: Amherst

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Aug 20, 2021
Sold by
Dugas Colette M and Dugas Donald J
Bought by
B & P Llc
Seller's Agent
Jacqueline Zuzgo
5 College REALTORS®
Buyer's Agent
Justine Rosewarne
5 College REALTORS®
List Price
$775,000
Sold Price
$850,000
Premium/Discount to List
$75,000
9.68%
Current Estimated Value
$994,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,481
Avg. Annual Appreciation
3.88%
Original Mortgage
$637,500
Outstanding Balance
$579,685
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$414,796

Purchase Details

Closed on
Apr 27, 2021
Sold by
Dugas Estelle A
Bought by
Dugas Colette M and Dugas Donald J

Purchase Details

Closed on
Jan 28, 1986
Bought by
Dugas Estelle A
Source: Public Records

Range of Values:

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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
B & P Llc $850,000 None Available
Dugas Colette M -- None Available
Dugas Estelle A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & P Llc $637,500
Previous Owner Dugas Estelle A $45,000
Previous Owner Dugas Estelle A $11,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $850,000 +9.7% $309 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $775,000 -- $282 / 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 $149 $830,500 $205,700 $624,800
2024 $14,549 $786,000 $194,200 $591,800
2023 $13,833 $688,200 $176,800 $511,400
2022 $8,878 $417,400 $160,600 $256,800
2021 $8,855 $405,800 $149,000 $256,800
2020 $8,652 $405,800 $149,000 $256,800
2019 $8,347 $382,900 $149,000 $233,900
2018 $8,095 $382,900 $149,000 $233,900
2017 $7,926 $363,100 $142,000 $221,100
2016 $7,705 $363,100 $142,000 $221,100
2015 $7,458 $363,100 $142,000 $221,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72851362

MLS Property Information Network (MLS PIN)

APN: AMHE-000011C-000000-000129