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50 Hartford St, Newton MA 02461

$2,500,000

Estimated $5,191.24/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,250,000

Total Rent: 0/year

Estimated CAP Rate: -0.55%

6 Bedrooms

3 Full Baths

3,225 SqFt

Total Parking: 5

11,371 SqFt

First time available in 47 years, this stately Victorian multifamily gem is ready to be re-imagined as a part of the new MRT BY-RIGHT ZONING OVERLAY! This property is in a prime location with numerous development opportunities right in the Newton Highlands Village Center MRT Overlay District! Renovate the existing home and carriage house for multi-generational living and income potential. Or exercise the MRT Adaptive Reuse option, allowing up to 6 units to be developed with an addition of up to 50% of the building footprint of the original house, all by-right. Another option would be to create a 2nd historic-looking building w/ a 1,500 SF footprint, 40' height limit, with 3 or more units by either incorporating the existing Carriage House or potentially as a new building. Adaptive Use properties are exempt from VCOD open space requirements to maximize potential. Ideally located 1/10th of a mile to the Newton Highlands Village Center and just 2/10ths of a mile to the MBTA Green Line.

This home has been viewed 92 times

Last Checked: May 10th, 2024 at 4:18am (Source: MLS PIN #73214408)

Gross Income: $0

Gross Expenses: $13,650

Net Income Calc: $13,650

CAP Rate: -0.55%

Annual Expenses for 50 Hartford St, Newton MA 02461

Total Gross Expenses (Calculated)$13,650/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$13,650

Annual Income & Unit Breakdown for 50 Hartford St, Newton MA 02461

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(heat, Water)

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent IncludesUnit 1(heat, Water)

General Information for 50 Hartford St, Newton MA 02461

Listing ID73214408

Property TypeMulti Family

Price$2,500,000 ($775.19/SqFt)

StyleMulti Family

CityNewton

CountyMiddlesex

MLS AreaNewton Highlands

Neighborhood(s)

Approximate Living Area Total3,225 SqFt

Approximate Lot Size (Acres)0.26 acres

Total Parking5

Garage Parking

Year Built1883

Year Built SourceOwner

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningMR1, MRT

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 50 Hartford St, Newton MA 02461

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureAll living area is above grade and does not includ

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 50 Hartford St, Newton MA 02461

Real Estate Taxes$13,650

Tax Year2023

Assessed Value$1,340,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.55%

Location Information for 50 Hartford St, Newton MA 02461

Elementary SchoolZervas-Mason

Middle SchoolOak Hill-Brown

High SchoolNewton South

Neighborhood(s)

MLS AreaNewton Highlands

Area AmenitiesHighway Access, Public School, Shopping, Park, Public Transportation, T-station, University

Contact Information for 50 Hartford St, Newton MA 02461

Agent

Name: DiDuca Properties

Office

Name: Commonwealth Standard Realty Advisors

Phone: 617-286-6855

Team Members

Name: Nicholas DiDuca

Phone: 781-983-3459

Name: Andrea Forsythe

Phone: 781-330-2264

Payment Calculator

, Interest

Property Taxes 1137.5

Principal & Interest 15404.2

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Commonwealth Standard Realty Advisors

DiDuca Properties

Agent Phone

Office Phone

(617) 286-6855

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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                    [enabled] => 1
                    [created] => 2024-05-10 04:18:57
                    [modified] => 2024-05-10 04:18:57
                )

[18] => Array
                (
                    [id] => 8842170
                    [name] => MLS19.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73214408&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2024-05-10 04:18:57
                    [modified] => 2024-05-10 04:18:57
                )

)

)

EXIT