98 Shute St

2,730 Sq. Ft.
$318 / Sq. Ft.
2,730
Sq. Ft.
$318
per Sq. Ft.

Description

Introducing a meticulously well-maintained turnkey investment property, with great tenants already in place! Both units are under lease contracts through August 31, 2024 producing strong market rents of 2750, and 2850 respectively, for an annual total of $67,200. Good revenue coupled with very low operating costs make this property an absolute winner. Utilities are separately billed and paid by tenants. Ample square footage, parking for 5 vehicles, and a huge basement with separate laundry for each...Introducing a meticulously well-maintained turnkey investment property, with great tenants already in place! Both units are under lease contracts through August 31, 2024 producing strong market rents of 2750, and 2850 respectively, for an annual total of $67,200. Good revenue coupled with very low operating costs make this property an absolute winner. Utilities are separately billed and paid by tenants. Ample square footage, parking for 5 vehicles, and a huge basement with separate laundry for each unit, add even more value to this offering. Multiple recent improvements include refinished hardwood floors and fresh paint in both units, a new garage roof and garage doors, new kitchen appliances and washer & dryer for unit 1, and new water heater for unit 1. Both units are de-leaded. Possible room for expansion in Unit 2's un-finished attic space.

Listing Agent

  1. Philip Murray

    Philip Murray

    Listing Agent

    Compass

    phil.murray@compass.com

    P: (617)-852-8597

Property Details for 98 Shute Street

Town
Everett
MLS Area
Glendale
Area
MA-Everett-Glendale, MA-Everett
Garage Spaces
2
Parking Spaces
5.00
Parking Spaces Total
7
LISTING UPDATED: 03/08/2024 02:44 PM

Property Details for 98 Shute Street

StatusSold
MLS #73193064
Days on Market25
Taxes$8,522 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1929
CountyMiddlesex County
Buyer's Agent Compensation2%

Location

Sold By Redfin Corp., Michael Malkin

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Building Information for 98 Shute Street

Stories3Residences2Year Built1929Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

$4,941 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,230

Property Taxes

$710

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 98 Shute Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 2730.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Concrete Floor, Unfinished Basement
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Level
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Assigned, Stone/Gravel, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Assigned, Stone/Gravel, Paved Driveway
  • Parking Features: Off-Street, Assigned, Stone/Gravel, Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 000477322,477322
  • Assessments: $743,600
  • Book: 68520
  • Tax Year: 2024
  • Zoning: DD
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $67,200.00
  • NOI: $67,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $5,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 98 Shute Street

DateEvent & SourcePriceAppreciation
Mar 8, 2024

Sold

MLS PIN #73193064

$868,000—
Feb 9, 2024

Under Agreement

MLS PIN #73193064

—
Jan 27, 2024

Contingent

MLS PIN #73193064

—
Jan 26, 2024

Temporarily Withdrawn

MLS PIN #73193064

$849,900—
Jan 15, 2024

Listed (Active)

MLS PIN #73193064

$849,900—
Dec 1, 2016

Sold

MLS PIN #72078178

$497,000—
Nov 5, 2016

Under Agreement

MLS PIN #72078178

—
Nov 5, 2016

Contingent

MLS PIN #72078178

—
Oct 5, 2016

Listed (Active)

MLS PIN #72078178

$519,000—
Nov 30, 1999

Sold

MLS PIN #30360404

$255,000—
Oct 12, 1999

Under Agreement

MLS PIN #30360404

—
Oct 12, 1999

Contingent

MLS PIN #30360404

—
Oct 7, 1999

Listed (Active)

MLS PIN #30360404

$259,900—
DateEvent & SourcePrice
03/08/2024

Sold

MLS PIN #73193064

$868,000
02/09/2024

Under Agreement

MLS PIN #73193064

—
01/27/2024

Contingent

MLS PIN #73193064

—
01/26/2024

Temporarily Withdrawn

MLS PIN #73193064

$849,900
01/15/2024

Listed (Active)

MLS PIN #73193064

$849,900
12/01/2016

Sold

MLS PIN #72078178

$497,000
11/05/2016

Under Agreement

MLS PIN #72078178

—
11/05/2016

Contingent

MLS PIN #72078178

—
10/05/2016

Listed (Active)

MLS PIN #72078178

$519,000
11/30/1999

Sold

MLS PIN #30360404

$255,000
10/12/1999

Under Agreement

MLS PIN #30360404

—
10/12/1999

Contingent

MLS PIN #30360404

—
10/07/1999

Listed (Active)

MLS PIN #30360404

$259,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 98 Shute Street

This home is within Everett School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 5
Rating
School
Distance
Lafayette School
PublicK to 8

Everett High School
Public9 to 12

Parlin School
PublicK to 8

Webster School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.