Cohen + White Associates
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360 Spring St, Lee, MA 01238

$749,850
Property Type: MultiFamily Bedrooms: 6 Baths: 4 Square Footage: 2,557 Lot Size (sq. ft.): 36,155 Status: Closed
Current Price: $735,000 List Date: 12/28/2023 Last Modified: 4/23/2024

Description

Situated on one of Lee's most picturesque streets, this terrific multi family residence boasts a prime location, beautiful renovations, a gorgeous yard as well as many smart updates. Currently set up as a triplex multi-family dwelling, plus a separate guest cottage, this four unit property offers both flexibility and versatility and has the potential to be a robust income generator. The property has been meticulously maintained by its current owner, with recent updates of mini-split heat and air conditioning units and a new driveway. Each dwelling unit has its own distinct charm and generous space. The primary unit, on the second floor of the main house, offers an open concept floor plan and is flooded with sunlight.

Supplements: This unit is highlighted by a beautifully renovated kitchen with open shelving, tile backsplash, stainless appliances and solid surface countertops, 2 ample sized bedrooms and captivating rear yard and pastoral views. The first level encompasses a sizable 2-bedroom unit with expansive living areas including an eat-in kitchen and large living room. Additionally the lower level houses a spacious studio apartment with a separate, fully applianced kitchenette and patio. Each unit boasts its private laundry facilities for added convenience. Not to be overlooked, the charming guest cottage is a standout feature, equipped with a full kitchen, laundry amenities, a cozy propane gas fireplace, built-in storage solutions, an inviting deck, and distinctive architectural elements, including a cozy sleeping loft. For those envisioning a different layout, the property offers the flexibility to revert to a single-family configuration, with the cottage serving as an ideal in-law or guest suite. Seize this unparalleled opportunity!

More Information MLS# 242239

Contract Information

Current Price: $735,000 Status: Closed List Date: 2023-12-28 Sold Price: $735,000 Original List Price: 798500 Limited Service: No Agent Interest: None BAC: 2.25 BAC Type: % NAC Type: %

Location, Tax & Legal

Registry: Middle Registry Street #: 360 Street Name: Spring Street Ext: St Village: South Lee State/Province: MA Postal Code: 01238 Elem School: Lee Middle School: Lee High School: Lee Assess Amt: 481600 Assessed Year: 2024 Taxes: 5477.52 Tax Year: 2024 Page: 39 Map Ref: M:012 B:00 L:0000-0174.0 Concessions: $4,000.00 closing cost credit.

General Property Description

Realtor.COM Type: Multi-Family Sq Ft Liv Apx: 2557 Sq Ft Source: Owner Total Rooms: 10 Total Bedrooms: 6 Total Full Baths: 4 Total Bathrooms: 4 Parking Spaces: 6 Parking Spaces Type: Off Street Unit Style: Flat Year Built Apx: 1979 Year Built Source: Assessor Yr Blt Description: Approximate Lot Size Dimensions: Irregular Acres Apx: 0.83 Lot Size SqFt: 36155 Betterment: N/A Frontage Apx: 231

Status Change Info

Status Change Date: 2024-04-23 Under Contract Date: 2024-04-05 Contingent: No Sold Date: 2024-04-23 Sold Price: $735,000

Remarks & Misc

Additional Disclosures: Currents sellers have used units for personal use and not as rentals so no 'rent rolls' are available. They do use guest cottage as a short term rental with varying rates. Propane fireplace in guest cottage currently disconnected. Directions: Summer Street to Spring Street. House on left. Marketing/Headline: Rare Income Producing Property in Lovely Lee!

Building Info

Exterior Color: Butter/Blue

Heating Sys #

Heating Sys #: 4

Hot Wtr Sys #

Hot Wtr Sys#: 4

Electric Meters #

Electric Meters #: 4

Property Features

No of Units: 4 Family Restrict Covenants: Unk Title V: Not Applicable Underground Oil Tank: Unk Water: Public Sewer: Public Right to Farm Comm: Yes Flood Hazard Area: Unk Right of Way: Unk Incl in Rent: Parking Views: Pastoral Lot Description: Paved Drive Electric Type: 100 Amp; Circuit Breaker Style: Bungalow; Colonial Interior Amenities: Cable Avail; Cathedral Ceilings; Central A/C; Fireplace(s); Inlaw/ Guest Qtrs; Pets Allowed; Radon Mitigation System Internet Service: Cable Available Exterior Amenities: Deck; Landscaped; Deciduous Shade Trees; Mature Landscaping Appliances Incl: Dishwasher; Dryer; Range; Refrigerator; Washer Construction: Wood Frame Exterior Siding: Clapboard Roof: Asphalt Basement: Finished-Partially; Interior Access; Walkout; Exterior Entrance Floor: Ceramic Tile; Wood; Laminate Garage: None Heat/Cool/Vent: Electric; Multizone Fuel: Electric Hot Water: Electric Insulation: Unknown Laundry: In Basement; In Unit Lead Paint: Unk Zoning: Multi; Residential Seller Disc: No Mandatory HOA: No Financing: Conventional Possession: Close Of Escrow
Listing Office: WILLIAM PITT SOTHEBY'S - LENOX
Listing Agent: Nick Geranios
Last Updated: April - 23 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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