NOT LISTED FOR SALE

Estimated Value: $2,786,000 - $3,116,611

14 Beds
6 Baths
4,614 Sq Ft
$630/Sq Ft Est. Value

Last Sold September 21, 2023

Last sale price $3,100,000 $672 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $18,701/month

68 Days on Market

Highlights

  • Marina
  • 0.09 Acre Lot
  • Covered patio or porch
  • Waterfront
  • Property is near public transit
  • Jogging Path

About This Home

As of September 2023

Massive 3-family asset with 14 bedrooms in pristine condition located in South Boston’s City Point.. All apartments, drenched in natural sunlight, boast hardwood floors, brand new kitchens, 2 full bathrooms, central A/C, extra large bedrooms, in-unit washer and dryers, and oversized covered decks. First floor is a 4-bed/2-bath, second and third floors are both 5-bed/2-baths. Leases signed thru August 31st, 2024 at a staggering $20,300 per month. Extremely high ceilings in the basement offer fantastic future expansion opportunities. Huge fenced in back yard with patio. Steps to the beach and all else that South Boston has to offer.

Last Listed By

Ryan Foley

Greater Metropolitan R. E. Listed on: 06/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,447

Year Built

  • Built in 1905

Lot Details

  • 3,750 Sq Ft Lot
  • Waterfront
  • Near Conservation Area

Home Design

  • 4,614 Sq Ft Home
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 6 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Utilities

  • Central Air
  • 3 Cooling Zones

Additional Features

  • Covered patio or porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $20,300
  • Assessor Parcel Number 1410050

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $32,000
  • Net Operating Income $243,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,447

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1905
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 14
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 4614
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: NB1092
  • LIST PRICE PER Sq Ft: 688.12
  • PRICE PER Sq Ft: 671.87
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Patio,Covered Patio/Deck
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Patio, Covered
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Bay, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1410050
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3750
  • Lot Size Units: Acres
  • PAGE: 1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 20447
  • Tax Book Number: 67094

Multi Family

  • Gross Income: 243600
  • Net Operating Income: 243600
  • Number Of Units Total: 3
  • Operating Expense: 32000
  • Total Actual Rent: 20300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sylvia Michael C $1,750,000
Closed 893 E 4Th Street Llc $1,895,000
Closed 893 E 4Th Street Rt $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $3,100,000 -2.4% $672 / Sq Ft
06/05/2023 06/05/23 For Sale $3,175,000 0.0% $688 / Sq Ft
06/04/2023 06/04/23 Off Market $3,175,000 -- --
06/01/2023 06/01/23 For Sale $3,175,000 0.0% $688 / Sq Ft
11/07/2017 11/07/17 Rented $3,000 0.0% --
11/03/2017 11/03/17 For Rent $3,000 -- --
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 $29,873 $2,579,700 $508,000 $2,071,700
2024 $23,011 $2,111,100 $394,900 $1,716,200
2023 $20,447 $1,903,800 $365,600 $1,538,200
2022 $18,831 $1,730,800 $332,400 $1,398,400
2021 $18,468 $1,730,800 $332,400 $1,398,400
2020 $14,506 $1,373,700 $350,400 $1,023,300
2019 $13,166 $1,249,100 $246,400 $1,002,700
2018 $12,229 $1,166,900 $246,400 $920,500
2017 $11,764 $1,110,900 $246,400 $864,500
2016 $10,626 $966,000 $246,400 $719,600
2015 $9,958 $822,300 $221,000 $601,300
2014 $9,762 $776,000 $221,000 $555,000
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73119113

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000006-004336