A business and housing investment opportunity. Large circa 1890 Victorian home celebrating 50 years serving the community. The Elizabeth Home provides a group home with municipal licenses for a congregate living environment for 16 residents that includes 3 nutritious meals daily, laundry, linen and housekeeping weekly. 100% occupied via lease and rental agreements, with some long time residents of 15-21 years. No permitting required when current usage continued. Fire and smoke detector systems, natural gas steam heat, updated electric, asbestos abatement of steam system and multiple egress ensure a safe and secure household for the 24+ rooms including 7+ bathrooms. The U-shaped home sits stately on a corner lot with 369 foot frontage, expansive front porch and hidden balcony deck. Annual rental income of $320,000. A 38x38 two-story carriage house has current additional lease to contractor, however it awaits creative upgrade ideas. Management provided. Excellent staff onsite.
Sold for $685,000 on 02/15/24
$685,000
7 Congress St, Greenfield, MA 01301
11beds
6,900sqft
5+ Family - Rooming House
Built in 1890
-- sqft lot
$704,600 Zestimate®
$99/sqft
$1,776 Estimated rent
Home value
$704,600
$627,000 - $782,000
$1,776/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 15, 2024 at 02:09pm
Listed by:
Jarod Martin 413-325-4975,
Greenfield Group Real Estate 413-219-8648,
William Martin 413-219-8648
Bought with:
Peter Chilton
Keller Williams Realty
Source: MLS PIN,MLS#: 73177804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 9
- Full bathrooms: 7
- 1/2 bathrooms: 2
Heating
- Steam, Natural Gas, Common
Cooling
- Window Unit(s), Individual
Appliances
- Laundry: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Floored Attic, Walk-Up Attic, Pantry, Storage, Crown Molding, High Speed Internet, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Smart Thermostat, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room, Mudroom, Sunroom
- Flooring: Wood, Tile, Carpet, Hardwood
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Full,Partial,Crawl Space,Interior Entry,Bulkhead,Dirt Floor,Concrete
- Number of fireplaces: 3
Interior area
- Total structure area: 6,900
- Total interior livable area: 6,900 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Driveway, Stone/Gravel
- Garage spaces: 2
- Uncovered spaces: 8
Accessibility
- Accessibility features: Handicapped Equipped, Accessible Entrance
Features
- Patio & porch: Porch, Enclosed, Deck, Deck - Wood
- Exterior features: Balcony/Deck
- Waterfront features: River, Beach Ownership(Public)
Lot
- Size: 0.53 Acres
- Features: Corner Lot, Cleared, Level
Details
- Parcel number: 5260,3095153
- Zoning: RA
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - Rooming House
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1890
Utilities & green energy
- Electric: 220 Volts, Circuit Breakers, Common
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Green energy
- Energy efficient items: Thermostat
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Location
- Region: Greenfield
HOA & financial
Other financial information
- Total actual rent: 27285
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2024 | Sold | $685,000-2.1%$99/sqft |
Source: MLS PIN #73177804 | ||
| 12/23/2023 | Contingent | $700,000$101/sqft |
Source: MLS PIN #73177804 | ||
| 11/6/2023 | Listed for sale | $700,000+10.2%$101/sqft |
Source: MLS PIN #73177804 | ||
| 7/25/2023 | Listing removed | $635,000$92/sqft |
Source: MLS PIN #72956606 | ||
| 7/3/2023 | Listed for sale | $635,000+11.6%$92/sqft |
Source: MLS PIN #72956606 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,515 -1.6% | $537,600 +2.6% |
| 2024 | $10,688 +11.5% | $524,200 +7.5% |
| 2023 | $9,585 +4.2% | $487,800 +18.3% |
Find assessor info on the county website
Neighborhood: 01301
Nearby schools
GreatSchools rating
- 2/10Federal Street ElementaryGrades: K-4Distance: 0.4 mi
- 5/10Greenfield Middle SchoolGrades: 5-7Distance: 0.7 mi
- 3/10Greenfield High SchoolGrades: 8-12Distance: 1.3 mi
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$704,600
2% more+ $14,092
With Zillow Showcase(estimated)
$718,692