10 days on rocket

294-298 Tremont St, Newton, MA, 02458

$1,995,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths, 1 Partial
3,708 SqFt
$538/SqFt
Multi
Schools Nearby

Location

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294-298 Tremont St, Newton$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Common, Paved
Year Built1938
HeatingForced Air, Natural Gas
CoolingNone, Wall Unit(s)
BasementYes
MLS #73229125
Lot Size0.13 Acres
StatusActive

About 294-298 Tremont St

Terrific opportunity to own a rare four family home in a great location in Newton just minutes from the Mass Pike and right on the express bus line to Boston. There are 2 one-bedroom apartments on the first floor, a two-bedroom apt on 2nd floor and 4th unit is a three-bedroom apartment which duplexes into the 3rd floor (the other unit can probably be enlarged into the 3rd floor also). Several rooms have 10 foot ceilings, suggesting each unit could remove the drop ceilings to go full height for impressive spaces. The basement is unfinished but has a high ceiling, and there are *4 furnaces*4 hot water tanks* & *4 electric meters* Long term tenants with leases expiring this summer, but would like to extend with new owner if mutually desired. 2 units updated, 2 need updating but systems and roof in good shape. Parking for 5 but there is room to expand parking area. Don't let this one pass you by!

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Living Area: 3,708 SqFt

Listing Office:

  • Office Name: Preservation Properties
  • Listing Agent: Ed Lyon

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator, Range Hood, Dishwasher
  • Basement: Yes
  • Flooring Type: Tile, Carpet, Varies, Hardwood
  • Interior: Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Internet Available - Unknown, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Stone Wall

Parking Information:

  • Parking: Off Street, Common, Paved

Lot Features

Lot Information:

  • Lot: Level, Sloped
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None, Wall Unit(s)

School Info

Assigned Schools Information:

  • Newton North High School, Public District Grades 9-12
  • Bigelow Middle School, Public District Grades 6-8
  • Underwood, Public District Grades KG-5

Other

Directions Information:

  • Directions: Tremont St between Waverley Ave and Hibbard Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $538/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2

Tax Information:

  • Annual Amount: $9,825
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newton, MA.

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Newton, MA

City

Med. Sold Price

$1.4M

Med. Price/SqFt

$552

Avg. Days On Market

26

# of Sold Homes

66

294-298 Tremont St vs Newton

10 DAYS ON ROCKET

-16 Days

$1,995,000

+$549.8K More

$538/SqFt

-$15 Less

KEY TAKEAWAY

This property is $549.8K more than the Median Sold Price and $15/SqFt less than other homes in Newton, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73229125

Listing Office:

  • Office Name: Preservation Properties
  • Listing Agent: Ed Lyon

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/6/2024, 8:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,825$913,100
2020$9,300$890,800
2019$8,822$844,200
2018$8,321$769,000
2017$7,774$699,100

History based on county public records data.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7101728
7
/10

  • Underwood

  • 101 Vernon St

  • 0.53 miles

  • Public District Grades KG-5

Middle School

school-card-donut-7101729
7
/10

  • Bigelow Middle School

  • 42 Vernon St

  • 0.37 miles

  • Public District Grades 6-8

High School

school-card-donut-7101730
8
/10

  • Newton North High School

  • 457 Walnut St

  • 1.75 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,346. Residents of Newton, MA typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Newton›02458›294-298 Tremont St

This home is located at 294-298 Tremont St in Newton, MA and zip code 02458 in the Newton Corner neighborhood. This 3,708 square foot home, which was built in 1938, sits on a 0.13 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $1,995,000.

In April 2024, from all listings sold in Newton, MA there were more than 31 sold above asking price, over 31 sold below and more than 4 were sold right at the asked price. In April 2024 in Newton, MA there were 14.2% more homes for sale than in March 2024. While the average time on the market in April 2024 was 26 days, the median list price was $1,445,200.

From Rocket Homes Real Estate and based on county public records data.

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