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50 Hartford St, Newton MA 02461

$2,500,000

Estimated $5,191/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $1,250,000

Total Rent: 0/year

Estimated CAP Rate:

6 Bedrooms

Baths

3225

Total Parking: 5

11,371 (0.26)

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 114 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

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 Tax13650

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

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 50 Hartford St, Newton MA 02461

Listing ID73214408

Property TypeMulti Family

Price2500000 ($775.19/SqFt)

StyleMulti Family

CityNewton

CountyMiddlesex

MLS AreaNewton Highlands

Neighborhood(s)

Approximate Living Area Total3225

Approximate Lot Size (Acres)0.26

Total Parking5

Garage Parking0

Year Built1883

Year Built SourceOwner

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMR1, MRT

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 50 Hartford St, Newton MA 02461

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNelson Pendant Lamp In Third Floor Bedroom/Office.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Compensation Based OnGross/full Sale Price

Financial Information for 50 Hartford St, Newton MA 02461

Real Estate Taxes13650

Tax Year2023

Assessed Value$1,340,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

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 AmenitiesWalk/jog Trails

Contact Information for 50 Hartford St, Newton MA 02461

Agent

Name: DiDuca Properties

Office

Name: Commonwealth Standard Realty Advisors

Phone: 617-286-6855

Payment Calculator

, Interest

Property Taxes 1137.5

Principal & Interest 15404.2

HOA Dues

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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EXIT

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