NOT LISTED FOR SALE

24 Elm St Ludlow, MA 01056

Estimated Value: $259,051 - $358,000

4 Beds
2 Baths
1,866 Sq Ft
$166/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $242,000 $130 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,073/month

31 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Wood Flooring
  • East Street Elementary School Rated A-
  • Property is near public transit
  • Mud Room

About This Home

As of February 2024

Investment Opportunity !!!! Welcome to 24 Elm St, Ludlow, a prime investment property that seamlessly blends historic charm with modern convenience. This meticulously multi-family home presents a unique opportunity for both seasoned investors and those looking to enter the real estate market. Ludlow's growing community makes this property an attractive investment. With a high demand for rental properties in the area, savvy investors can capitalize on the steady income stream generated by this well-positioned multi-family home. The property features a backyard space, providing residents with a private retreat to relax and unwind. It also offers potential for outdoor gatherings, gardening, or other recreational activities. Don't miss out on this exceptional opportunity to own a multi-family property in Ludlow, MA. Whether you're looking to expand your real estate portfolio or searching for a property with rental income potential, 24 Elm St is a must-see.

Last Listed By

Anam Zafar

Berkshire Hathaway Home Service New England Properties Listed on: 11/10/2023

Berkshire Hathaway Home Service New England Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,711

Year Built

  • Built in 1900

Lot Details

  • 8,719 Sq Ft Lot
  • Near Conservation Area
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,866 Sq Ft Home
  • Property has 1 Level
  • Mud Room
  • Unfinished Basement
  • Block Basement Construction
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Natural Gas Connected
  • Satellite Dish

Listing and Financial Details

  • Total Actual Rent $1,100
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:12D B:5250 P:130,2552023

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $1,865
  • Water Sewer Expense $316
  • Operating Expense $2,181
  • Net Operating Income $11,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,711

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Carpet
  • Interior Amenities: Mudroom, Unit 1 Rooms(Living Room,Kitchen,Mudroom,Sunroom), Unit 2 Rooms(Living Room,Kitchen,Sunroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Basement: Concrete, Unfinished
  • Living Area: 1866
  • Other Equipment: Satellite Dish
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN0689
  • LIST PRICE PER Sq Ft: 160.77
  • PRICE PER Sq Ft: 129.69
  • MAIN SO: NB1813

Exterior Features

  • Exterior Features: Balcony,Gutters,Storage Shed,Fenced Yard,Satellite Dish
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Shared Driveway, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Window Unit(s), Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Electric Baseboard,Natural Gas, Unit 1(Electric Baseboard), Unit 2(Electric Baseboard)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, Other
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 316

Lot Info

  • Parcel Number: M:12D B:5250 P:130,2552023
  • Zoning: RES B
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8719
  • Lot Size Units: Acres
  • PAGE: 537
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3711
  • Tax Book Number: 16009

Multi Family

  • Gross Income: 13200
  • Insurance Expense: 1865
  • Net Operating Income: 11019
  • Number Of Units Total: 2
  • Operating Expense: 2181
  • Total Actual Rent: 1100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Per Board Of Ed
  • Elementary School: Per Board Of Ed
  • Middle Or Junior School: Per Board Of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2022
Sold by
Lobik Dorothy A and Lobik James L
Bought by
Lobik Dorothy A
Total Days on Market
31
Current Estimated Value
$309,013

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
Lobik Dorothy A -- None Available
Lobik Dorothy A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gun Turan $181,500
Closed Gun Turan $181,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $242,000 -19.3% $130 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $299,999 -- $161 / 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 $4,220 $243,200 $73,100 $170,100
2024 $3,891 $215,100 $73,100 $142,000
2023 $3,711 $190,200 $64,200 $126,000
2022 $3,674 $183,800 $64,200 $119,600
2021 $3,727 $176,800 $64,200 $112,600
2020 $3,569 $173,100 $63,200 $109,900
2019 $3,354 $169,200 $62,600 $106,600
2018 $3,255 $171,200 $62,600 $108,600
2017 $3,137 $169,300 $60,700 $108,600
2016 $2,975 $164,100 $59,500 $104,600
2015 $2,791 $161,400 $58,900 $102,500
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73179301

MLS Property Information Network (MLS PIN)

APN: LUDL-120525-000000-D000130