Great opportunity to own this impeccably maintained, 8-unit, 8-bedroom, 8-bathroom residential property ideally situated in commuter-friendly Newtonville. A perfect generational asset! This prime investment has all the elements of a great buy: curb appeal, strong rental history, untapped potential, and value-add. Separately metered gas systems and electrical meters, 8 off-street parking spaces, full basement with individual storage and common laundry. Minutes to the Newtonville commuter rail stop, Whole Foods, Newton North High, Star Market, Starbucks, and more. Recent updates include: 2005 Architectural shingle roof, 2012 siding replacement. A confidentiality agreement is required prior to receiving any leases or financial information.
Sale Statistics
Sale Overview
Original List Price:$3,950,000
Final Sale Price:$3,900,000
Difference:
$50,000 (-1.3%)
Performance Metrics
98.7%
List to Sale Ratio
Sold below asking price
52
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$545
Sale $/sq ft:$538
This property sold for $538 per square foot
Sale Summary
This property sold for 1.3% below the original asking price.
The property spent 52 days on market before selling.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1937
Bedrooms
8
Full Bathrooms
8
Living Area
7,248 sq ft
Total Rooms
30
Stories
5
Levels
5
Interior Features
Heating
Baseboard
Has Heating
Yes
Has Fireplace
No
Basement Details
Full, Walk-Out Access, Concrete, Unfinished
Exterior & Structure
Roof
Shingle
Foundation
Other
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.20 acres
Lot Size
8,758 sq ft
Lot Size Area
0.2000
Lot Features
Corner Lot, Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Off Street, Driveway, Paved
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$19,154
Tax Year
2023
Tax Assessed Value
$1,881,500
Parcel Number
S:22 B:015 L:0009,685317
Zoning
MR1
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Pricing is strictly guidance only. Offer deadline TBD. No lease/financial information without a signed confidentiality agreement. Total rent to be disclosed with signed confidentiality agreement. Please email Bob for the agreement. See Firm Remarks section of the MLS listing for more info.
Location
Loading map...
Neighborhood
305-307 Cabot St, Newton MA 02460
Newton, MA 02460
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,596
Homeowners Insurance$200
PMI$0
Property History
Market Insights
1.3%
Price Range
54
Total Days on Market
Property Timeline
✓
Sold
Feb 21, 2024
$3,900,000
Property sold
Days on Market: 54
🏠
Listed for Sale
Nov 6, 2023
$3,950,000
Original listing
Agent: Bob AirasianOffice: Coldwell Banker Realty - Belmont
