90 M St Unit 2 South Boston, MA

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Spacious and bright home at the intersection of M Street and East Fourth Street. South facing with three exposures this home receives excellent natural light. Tall ceilings, over sized windows and a wide open floor plan. Private deck, central AC, spacious closets and extra storage. Ready to move right in. Elegant Third Floor Two bedroom/Two Bath Condominium 90 M Street, Unit #2 Asking $549,000 Stephen McCarthy Associate Broker www.sb02127.com 617.622.1451 (Fax) 617.320.7219 (Mobile) [email protected] RE/MAX Realty Plus RE/MAX Realty Plus 738 East Broadway South Boston, MA 02127 ©2014 Imprev, Inc. Information provided is deemed reliable, but not guaranteed. Each Office Independently Owned and Operated.

description

Overview of 90 M Street #2 Asking $549K

Transcript of 90 M St Unit 2 South Boston, MA

Page 1: 90 M St Unit 2 South Boston, MA

Spacious and bright home at the intersection of M Street and East Fourth Street. South facing with

three exposures this home receives excellent natural light. Tall ceilings, over sized windows and a wide

open floor plan. Private deck, central AC, spacious closets and extra storage. Ready to move right in.

Elegant Third Floor Two bedroom/Two Bath Condominium�

90 M Street, Unit #2 Asking $549,000�

Stephen McCarthy

Associate Broker�

www.sb02127.com�

617.622.1451 (Fax)�617.320.7219 (Mobile)�

[email protected]

RE/MAX Realty Plus�

RE/MAX Realty Plus�738 East Broadway

South Boston, MA 02127

©2014 Imprev, Inc.�Information provided is deemed reliable, but not guaranteed.Each Office Independently Owned and Operated.�

Page 2: 90 M St Unit 2 South Boston, MA

Stephen McCarthy

www.sb02127.com

617-320-7219

The information in this listing was gathered from third party sources including the seller and public records. MLS Property Information Network and its subscribers disclaim any and all representations or warranties as to the accuracy of

this information. Content ©2014 MLS Property Information Network, Inc.

MLS # 71679140 - Price Changed

Condo - 2/3 Family

90 M St - Unit 2 List Price: $549,000

Boston, MA : South Boston 02127-2341

Suffolk County

Unit Placement: Top/Penthouse Total Rooms: 5

Unit Level: 3 Bedrooms: 2

Grade School: Bathrooms: 2f 0h

Middle School: Master Bath: Yes

High School: Fireplaces: 1

Outdoor Space Avail:

Handicap Access/Features:No

Directions: Corner of M Street and East Fourth above Emerson Dry Cleaners

Remarks

Tremendous value at less than $410 PSF for a 3rd floor condo!!! Exceptional space in the best location in town. Spacious and bright home located

at the intersection of M Street and East Fourth Street. South facing with three exposures this home receives excellent natural light. Tall ceilings

and over sized windows with a wide open floor plan. Fully renovated in 2005 featuring central AC, granite counters, cherry cabinets, laundry in

unit and hardwood floors. Skylights accent the kitchen island and work area. An elegant two sided fireplace visible from the LR and DR. A place for a full size dining room table. This home is designed to accommodate a large gathering of friends. Excellent closets throughout plus additional

storage in basement. Spacious private deck. Well established condo association with over $17K held in reserve. Sought after East Side location

convenient to the MBTA bus routes 7, 9, 10 and 11.

Property Information

Approx. Living Area: 1383 sq. ft. ($396.96/sq. ft.) Approx. Acres: 0.03 (1383 sq. ft.) Garage Spaces: 0 --

Living Area Includes: Heat Zones: 1 Hot Water Baseboard Parking Spaces: 0 On Street Permit

Living Area Source: Unit Floor Plan Cool Zones: 1 Central Air Levels in Unit: 1

Living Area Disclosures:

Disclosures: 4 unit association.Unit is subject to lease ending August 31, 2014

Complex & Association Information

Complex Name: Units in Complex: 4 Complete: Yes Units Owner Occupied: 3 Source: Owner

Association: Yes Fee: $225 Monthly Fee Includes: Water, Sewer, Master Insurance

Room Levels, Dimensions and Features

Room Level Size Features

Living Room: 3 20x14 Fireplace, Flooring - Hardwood

Dining Room: 3 14x12 Fireplace, Flooring - Hardwood

Kitchen: 3 17x14 Skylight, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floor Plan,

Recessed Lighting, Stainless Steel Appliances

Master Bedroom: 3 17x12 Flooring - Hardwood

Bedroom 2: 3 14x12 Flooring - Hardwood

Bath 1: 3 Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall

Bath 2: 3 Bathroom - Tiled With Tub & Shower

Laundry: 3 8x4 --

Features

Area Amenities: Public Transportation, Park, Walk/Jog Trails, Highway Access, T-Station

Appliances: Dishwasher, Disposal, Microwave

Association Pool: No

Assoc. Security: Intercom

Basement: Yes , Full

Beach: Yes Harbor

Beach Ownership: Public

Beach - Miles to: 1/10 to 3/10

Construction: Frame

Docs in Hand: Master Deed, Unit Deed, Rules & Regs

Electric Features: Circuit Breakers

Energy Features: Insulated Windows, Prog. Thermostat

Exterior: Aluminum

Flooring: Hardwood

Hot Water: Natural Gas

Insulation Features: Unknown

Management: Owner Association

Pets Allowed: Yes

Roof Material: Asphalt/Fiberglass Shingles, Rubber

Sewer Utilities: City/Town Sewer

Water Utilities: City/Town Water

Sewage District: BWS

Utility Connections: for Gas Range, for Gas Oven

Waterfront: No

Water View: No, --

Other Property Info

Adult Community: No

Elevator: No

Disclosure Declaration: No

Exclusions:

Facing Direction: South

Laundry Features: In Unit

Lead Paint: Unknown

UFFI: Unknown Warranty Features: No

Year Built/Converted: 1920/2005

Year Built Source: Public Record

Year Built Desc: Approximate

Year Round: Yes

Short Sale w/Lndr.App.Req: No

Lender Owned: No

Tax Information

Pin #: W:06 P:03958 S:006

Assessed: $440,700

Tax: $5544 Tax Year: 2014

Book: 0 Page: 0

Cert: 00070658

Zoning Code: 9999999999

Map: Block: Lot:

Page 3: 90 M St Unit 2 South Boston, MA

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Vis-Home

R

WDKitchen17' x 14'

Dining Room14' x 12'

Living Room20' x 14'

CL

CL

Bedroom14' x 12'

CL

Master Bedroom17' x 12'

CL

CL

Lndry8' x 4'

Building:

Deck:

90 M Street 2

Page 4: 90 M St Unit 2 South Boston, MA

Outside Outside Outside

Outside Outside Outside

Deck Deck Deck

Living Room Living Room Living Room

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Living Room Dining Room Dining Room

Kitchen Kitchen Kitchen

Kitchen Kitchen Kitchen

Master Bedroom Master Bedroom Master Bedroom

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Master Bathroom Master Bathroom Master Bathroom

Bedroom Bedroom Bedroom

Bathroom Bathroom Laundry

Laundry

Page 7: 90 M St Unit 2 South Boston, MA

LIST PRICE # STREET Unit # BD

RM

S

BA

THS

LIVING

AREA

SALE

DATE

DAYS

ON

MKT MLS # SALE PRICE

% of

LIST

PRICE

PSF

SALE

PRICE499,000$ 832 East 2nd Street 3 2 2 829 4/28/14 20 71649354 500,000$ 100% 603$ 485,000$ 633 E 7Th St 3 2 2 980 3/26/14 21 71630423 526,000$ 108% 537$ 545,000$ 71 Farragut Road 5 2 1 1,024 4/28/14 18 71641037 530,000$ 97% 518$ 549,000$ 494-496 E 4Th St 4 2 2 1,429 1/10/14 45 71589167 540,000$ 98% 378$ 559,000$ 906 E 4Th St 3 2 1 1,024 4/10/14 167 71589555 543,000$ 97% 530$ 574,900$ 27-29 Telegraph St 1 3 2 1,379 4/30/14 88 71621444 550,000$ 96% 399$ 584,900$ 355 K 1 2 2 1,120 4/15/14 56 71625145 568,000$ 97% 507$ 579,000$ 178 Dorchester St 3 2 2 1,417 4/23/14 50 71629901 568,000$ 98% 401$ 579,000$ 252 W Broadway PH 2 2 1,650 1/31/14 82 71496751 575,000$ 99% 348$ 589,000$ 551 East Sixth Street 2 3 2 1,205 3/28/14 22 71604866 578,000$ 98% 480$ 589,000$ 495 east 4th 1 3 2 1,550 3/1/14 20 71615414 579,000$ 98% 374$ 599,999$ 32 Telegraph St 1 2 2 1,685 5/15/14 35 71654599 592,500$ 99% 352$ 595,000$ 470 East 8th Street 3 2 2 1,155 2/19/14 3 71612804 595,000$ 100% 515$ 609,000$ 162 H Street 2 2 1 1,244 1/7/14 7 71612997 602,500$ 99% 484$ 624,000$ 339 K St 2 2 2 1,425 5/2/14 90 71615511 622,000$ 100% 436$ 629,000$ 495 east 4th 2 2 2 1,410 2/6/14 12 71615415 635,000$ 101% 450$ 629,900$ 278 K St 7 2 2 1,457 1/10/14 29 71581003 639,000$ 101% 439$ 669,000$ 702 E 5Th St 1 3 3 1,831 4/25/14 197 71567731 645,000$ 96% 352$ 649,000$ 551 East Sixth Street 1 2 3 1,722 4/24/14 2 71648102 650,000$ 100% 377$ 679,000$ 413 E. 7th St 2 3 2 1,602 1/31/14 76 71605529 665,000$ 98% 415$ 590,835$ 1,357 52 585,150$ 99% 445$

COMPARABLE SALES FOR 90 M STREET, #2

AVERAGES

Condos 89%

Multi Fam 3%

Single Family 6%

Commercial 1%

Land 1%

SOUTH BOSTON SALES MIX 1ST QUARTER 2014

Below $300K 6%

$300K - $400K 14%

$400K - $500K 25%

$500 - $600K 23%

$600K and Higher

32%

SOUTH BOSTON 1ST Q 2014 SALES BY PRICE BAND

ALL DATA FROM MLS Prepared by Stephen McCarthy REMAX

Page 8: 90 M St Unit 2 South Boston, MA

5/21/2014

Analysis of Condominum Costs

Address: 90 M Street, Unit #2 Price: $565,000.00

Down Payment of: 10% 15% 20%

1. Sale Price of Condominium 565,000.00$ 565,000.00$ 565,000.00$

2. Down Payment 56,500.00$ 84,750.00$ 113,000.00$

3. Mortgage Amount 508,500.00$ 480,250.00$ 452,000.00$

4. Monthly Payments, Principal & Interest 2,445.28$ 2,309.43$ 2,173.58$

5. Monthly PMI (if down payment is less than 20%) 144.08$ 136.07$ -$

6. Monthly Deposit for Taxes (approximately) 462.00$ 462.00$ 462.00$

7. Monthly Condominium Fee $225.00 $225.00 $225.00

8. Total Monthly Payment 3,276.35$ 3,132.50$ 2,860.58$

9. Tax Savings: (monthly)

a. Average monthly interest 2,323.02$ 2,193.96$ 2,064.90$

b. Monthly tax deposit $462.00 $462.00 $462.00

c. Total deductions 2,785.02$ 2,655.96$ 2,526.90$

10. In the 28% tax bracket, cash savings per month (946.91)$ (903.03)$ (859.15)$

11. Real Monthly Cost 2,329.45$ 2,229.48$ 2,001.43$

Analysis based on the following:

Mortgage Term (in years) 30

Mortgage Rate 4.06%

Monthly Deposit for Taxes (approximately) $462.00

Monthly Condominium Fee $225.00

Disclaimer: Although we deem the above to be reasonable, no guarantee or representation is hereby made or shall be implied.

Prepared by Stephen McCarthy

REMAX

617.320-7219