Back to Search
Property profile & analytics
OFF-MARKET
Assisted living facilities
289 Elm St Everett, MA 02149-5228
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-2242807
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1961
Construction
STEEL FRAME
Total area
34,501 SF
Lot
1.09 ac (47,337 SF)
Zoning code
BD
APN
EVER M:N0 B:01 L:000127
UPID
US38-2242807
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Colonial Health Insurance Agency
-
The Rehabilitation & Nursing Center at Everett Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ernc Realty LLC · 13 yrs held
Ernc Realty LLC
since 2012
7 recorded transactions
Zoning & alternative use
BD · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$77,623
Tax year 2024
Assessed value
$3,234,300
Assessed 2024
Previous assessed
$3,234,300
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$887,600
Assessed improvement
$2,346,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
170
Rooms
170
Bathrooms
50
Total area
34,501 SF
Lot
1.09 ac (47,337 SF)
Zoning code
BD
APN
EVER M:N0 B:01 L:000127
UPID
US38-2242807
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Everett, MA
Zoning BD · permitted uses
BD · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
170
Rooms
170
Bathrooms
50
Lot
1.09 ac
Current owner
From public records · entity-resolved
Ernc Realty LLC
Entity
Mailing address
20 WOOD CT, TARRYTOWN, NY 10591-3108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Ernc Realty LLC
—
Deed
related
$45,000,000 · Cibc Bank USA
Dec 31, 2012
$6,800,000
Ernc Realty LLC
Colonial Health Group LLC
Grant Deed
$4,760,000 · Brookline Savings Bank
Dec 31, 2012
—
Ernc Realty LLC
—
Grant Deed
related
$1,000,000 · Brookline Savings Bank
Apr 13, 2012
—
Colonial Health Group Eve
—
Deed Of Trust
related
$1,000,000 · Hoosac Bank
Sep 13, 2011
—
Colonial Health Group
—
Deed Of Trust
related
$3,000,000 · Colonial Health Group
Dec 26, 2007
$3,010,000
Colonial Health Grp Ever
Ahf-woodlawn Manor INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 31, 1989
$3,475,300
American Health Fndtn
Oakwood Living Ctrs
Grant Deed
$7,810,000 · Shawmut Bank Of Boston
Jan 7, 1987
$2,707,500
Oakwood Livings Ctr Ma
Woodlawn Manor INC
Grant Deed
related
$12,707,500 · Bankboston Development Co LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 289 Elm St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
