NOT LISTED FOR SALE

Estimated Value: $1,198,000 - $1,299,000

4 Beds
2 Baths
2,412 Sq Ft
$516/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $1,225,000 $508 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,769/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Solid Surface Countertops
  • Underwood Elementary School Rated A
  • 2 Fireplaces
  • 4-minute walk to Charlesbank Park

About This Home

As of June 2024

This could be your next investment! This turnkey two-family home in Newton Corner includes two spacious and bright units each featuring hardwood floors, granite and stainless-steel kitchens, and updated tile bathrooms. Each apartment has two bedrooms plus an office, a back deck, their own washer and dryer in the basement, and a shared side patio. The home has been wonderfully maintained including 2020 new hot water tanks for both units and 2013 new main sewer line out to the street. Electricity and gas are separately metered and both units are currently leased through August 31. Complete with six parking spaces, three for each unit, this property is conveniently located in Newton Corner with quick access to Soldiers Field Road, the Mass Pike, and bus routes to Boston and Cambridge. Be sure to view the virtual tour of this great investment property!

Last Agent to Sell the Property

John Lynch

Dwell360 Listed on: 05/08/2024

Co-Listed By

Martika Jenkins

Dwell360

Last Buyer's Agent

John Lynch

Dwell360 Listed on: 05/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,731

Year Built

  • Built in 1924

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,412 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Living Room
  • Dining Room
  • Home Office
  • Basement Fills Entire Space Under The House

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

  • Underwood Elementary School
  • Bigelow Middle School
  • Newton North High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 2 Units
  • Net Operating Income $58,800

Listing and Financial Details

  • Total Actual Rent $4,900
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number S:71 B:012 L:0003,701897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,731

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1924
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 2.5%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Pantry, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Office/Den
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 2412
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AC0638
  • LIST PRICE PER Sq Ft: 455.64
  • PRICE PER Sq Ft: 507.88
  • MAIN SO: AC0638

Exterior Features

  • Exterior Features: Balcony/Deck
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Washer Hookup
  • Cooling: None
  • Heating: Hot Water, Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Tank

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: S:71 B:012 L:0003,701897
  • Zoning: MR2
  • 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: 471
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9731
  • Tax Book Number: 60935

Multi Family

  • Gross Income: 58800
  • Net Operating Income: 58800
  • Number Of Units Total: 2
  • Total Actual Rent: 4900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Newton North
  • Elementary School: Underwood
  • Middle Or Junior School: Bigelow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2016
Sold by
Walker Ross and Walker Max
Bought by
Walker Ross and Walker Ruth D
Current Estimated Value
$1,244,117

Purchase Details

Closed on
Dec 29, 2015
Sold by
Walker Ross and Walker Ruth D
Bought by
Walker Ross and Walker Max

Purchase Details

Closed on
Jan 9, 2013
Sold by
Ly Maggie
Bought by
Walker Ross and Walker Ruth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2008
Sold by
Ly Minh Chi and Ly Peter Quoc
Bought by
Ly Maggie and Lay Mui

Purchase Details

Closed on
May 5, 2005
Sold by
Ly Mui and Ly Peter Quoc
Bought by
Ly Minh Chi and Ly Mui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Walker Ross -- --
Walker Ross -- --
Walker Ross -- --
Walker Ross -- --
Walker Ross $540,000 --
Ly Maggie $450,000 --
Ly Maggie $450,000 --
Ly Minh Chi -- --
Ly Minh Chi -- --
Ly Mui -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker Max $565,000
Previous Owner Ly Minh Chi $513,000
Previous Owner Ly Mui $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $1,225,000 +11.5% $508 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $1,099,000 -- $456 / 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 $10,064 $1,026,900 $627,700 $399,200
2024 $9,731 $997,000 $609,400 $387,600
2023 $9,231 $906,800 $481,800 $425,000
2022 $8,833 $839,600 $446,100 $393,500
2021 $8,288 $770,300 $409,300 $361,000
2020 $8,042 $770,300 $409,300 $361,000
2019 $7,523 $719,900 $382,500 $337,400
2018 $7,395 $683,500 $359,500 $324,000
2017 $6,973 $627,100 $329,800 $297,300
2016 $6,547 $575,300 $302,600 $272,700
2015 $6,243 $537,700 $282,800 $254,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73234859

MLS Property Information Network (MLS PIN)

APN: NEWT-000071-000012-000003