10 Chestnut St Melrose, MA 02176
Oak Grove-Pine Banks NeighborhoodEstimated Value: $1,318,132 - $1,425,000
7
Beds
4
Baths
4,467
Sq Ft
$308/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 4-minute walk to Wyoming Hill
- Deck
- Lincoln Elementary School Rated A-
- Medical Services
- Property is near public transit
About This Home
As of August 2023The duplex "owners" unit will now be vacant 9/1/23. Located on picturesque Chestnut Street in East Wyoming, just a stone's throw away from downtown Melrose & the commuter rail to Boston, you'll find this impressive 3-Unit building. A rare gem, this property presents an excellent opportunity for savvy investors to expand their portfolio or embark on an exceptional condo conversion project. With separate utilities, 4+ off-street parking spots, & 2-garage spots, it offers tremendous potential! The first level features a 3-bed/1-bath unit with a deck overlooking the backyard. The second level boasts the incredible "owner's unit," spanning two floors & offering 3 beds, 2 full baths, in-unit laundry, central air, & 2 private decks. Also, accessible from the second floor is the sunny 1-bed/1-bath third unit that provides ample storage. Below, you'll find 2 separate garage spaces and a spacious basement with a utility room, perfect for dedicated storage for each unit & storing yard/snow gear!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,363
Year Built
- Built in 1890 | Remodeled
Lot Details
- 5,785 Sq Ft Lot
- Near Conservation Area
- Gentle Sloping Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Block Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 4,467 Sq Ft Home
- Wood Flooring
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Garage Access
- Block Basement Construction
Outdoor Features
- Deck
- Covered patio or porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating Available
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $7,000
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:0C5 P:0000047,653639
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Golf Course Community
- Park
Building Details
- Net Operating Income $49,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 19, 2001
Sold by
Dicara Mark C and Dicara Jill M
Bought by
Winans Matthew
Total Days on Market
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 1992
Sold by
Joleen Rt
Bought by
Dicara Mark C and Cavicchi Jill M
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Similar Home in Melrose, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Winans Matthew | $575,000 | -- | |
| Dicara Mark C | $245,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dharma Lighthouse Rt | $1,300,000 | |
| Closed | Linehan James | $551,250 | |
| Closed | Winans Lynn S | $518,000 | |
| Closed | Winans Matthew | $431,250 | |
| Previous Owner | Dicara Mark C | $74,000 | |
| Previous Owner | Dicara Mark C | $25,000 | |
| Previous Owner | Dicara Mark C | $211,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2023 08/15/23 | Sold | $1,300,000 | -3.7% | $291 / Sq Ft |
| 07/10/2023 07/10/23 | Pending | -- | -- | -- |
| 05/31/2023 05/31/23 | For Sale | $1,350,000 | +79.4% | $302 / Sq Ft |
| 05/29/2015 05/29/15 | Sold | $752,400 | +15.8% | $168 / Sq Ft |
| 04/29/2015 04/29/15 | Pending | -- | -- | -- |
| 03/09/2015 03/09/15 | For Sale | $650,000 | -- | $146 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $120 | $1,213,000 | $476,600 | $736,400 |
| 2024 | $11,391 | $1,147,100 | $463,000 | $684,100 |
| 2023 | $11,363 | $1,090,500 | $449,400 | $641,100 |
| 2022 | $10,804 | $1,022,100 | $408,500 | $613,600 |
| 2021 | $10,171 | $928,900 | $381,300 | $547,600 |
| 2020 | $10,264 | $928,900 | $381,300 | $547,600 |
| 2019 | $9,413 | $870,800 | $340,400 | $530,400 |
| 2018 | $9,133 | $806,100 | $292,800 | $513,300 |
| 2017 | $8,864 | $751,200 | $272,300 | $478,900 |
| 2016 | $8,500 | $689,400 | $272,300 | $417,100 |
| 2015 | $8,237 | $635,600 | $258,700 | $376,900 |
| 2014 | -- | $571,200 | $231,500 | $339,700 |
Source: Public Records
Agents Affiliated with this Home
-
Ramsay Fretz
Seller's Agent in 2023
Ramsay Fretz
Leading Edge Real Estate
(617) 502-6500
3 in this area
101 Total Sales
-
Mark Linsky
M
Buyer's Agent in 2023
Mark Linsky
At Home Realty, Inc.
(617) 694-4208
2 in this area
22 Total Sales
-
Mark Hutchinson
Seller's Agent in 2015
Mark Hutchinson
Brad Hutchinson Real Estate
(781) 799-7446
1 in this area
51 Total Sales
-
Alison Socha
Buyer's Agent in 2015
Alison Socha
Leading Edge Real Estate
(781) 983-9326
9 in this area
265 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73118079
APN: MELR-000005C-000000-000047
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, 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. 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.
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