NOT LISTED FOR SALE

1036-1038 Chestnut St Newton, MA 02464

Newton Upper Falls Neighborhood

Estimated Value: $1,199,000 - $1,314,000

4 Beds
2 Baths
1,678 Sq Ft
$746/Sq Ft Est. Value

Last Sold December 07, 2022

Last sale price $732,000 $436 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $7,519/month

23 Days on Market

Highlights

  • Deck
  • Jogging Path
  • Shops
  • Angier Elementary School Rated A+
  • Cooling Available
  • 4-minute walk to Hemlock Gorge Reservation

About This Home

As of December 2022

PRICE REDUCTION! INVESTMENT/POTENTIAL DEVELOPMENT OPPORTUNITY! Side by side, 2-family, located in Historic Newton Upper Falls. Each unit has its own driveway, separate entrance, 2 Bedrooms and 1 bath, separate laundry. Large shared deck and generous fenced-in yard. Unit 2 is unoccupied. Unit 1, with numerous updates, including paint and floors, is currently rented to a long term, month to month tenant who would like to stay, but unit can also be delivered vacant. Close to Echo Bridge with walking trails along the Charles River, all the shopping that Needham Street has to offer, Route 9 and 128, within minutes to Boston.

Last Agent to Sell the Property

The Drucker Group

Compass Listed on: 09/28/2022

Compass

Last Buyer's Agent

Craig Brody

Douglas Elliman Real Estate - Park Plaza

Douglas Elliman Real Estate - Park Plaza

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,672

Year Built

  • Built in 1830

Lot Details

  • 8,470 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,678 Sq Ft Home
  • Property has 2 Levels
  • Washer
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Stone Driveway
  • Paved Parking
  • Open Parking

Outdoor Features

  • Bulkhead
  • Deck

Schools

  • Angier/Zervas Elementary School
  • Brown Middle School
  • Newton South High School

Utilities

  • Cooling Available
  • Heating Available
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $1,795
  • Rent includes unit 1(water)
  • Assessor Parcel Number S:51 B:007 L:0008,693374

Community Details

Recreation

  • Jogging Path

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $21,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,672

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1830
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Family Room,Mudroom), Unit 2 Rooms(Living Room,Kitchen,Family Room,Mudroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Bulkhead, Unfinished
  • Living Area: 1678
  • Stories Total: 4
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 446.36
  • PRICE PER Sq Ft: 436.23
  • MAIN SO: AN4282

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Stone/Gravel, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas)
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Walk/Jog Trails
  • Rent Includes: Unit 1(Water)

Lot Info

  • Parcel Number: S:51 B:007 L:0008,693374
  • Zoning: MR2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8470
  • Lot Size Units: Acres
  • PAGE: 598
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6672
  • Tax Book Number: 13283

Multi Family

  • Gross Income: 21540
  • Net Operating Income: 21540
  • Number Of Units Total: 2
  • Total Actual Rent: 1795
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Newton South
  • Elementary School: Angier/Zervas
  • Middle Or Junior School: Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Dpc Properties Llc
Bought by
Zhao Lei
Current Estimated Value
$1,252,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Outstanding Balance
$616,930
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$635,201

Purchase Details

Listed on
Sep 28, 2022
Closed on
Oct 25, 2022
Sold by
Goodwin Joan E and Goodwin Gary B
Bought by
Dpc Properties Llc
Seller's Agent
The Drucker Group
Compass
Buyer's Agent
Craig Brody
Douglas Elliman Real Estate - Park Plaza
List Price
$799,000
Sold Price
$732,000
Premium/Discount to List
-$67,000
-8.39%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.57%

Purchase Details

Closed on
Nov 15, 2011
Sold by
Goodwin Joan E
Bought by
Webber Joan E and Goodwin Joan E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhao Lei $1,170,000 None Available
Zhao Lei $1,170,000 None Available
Dpc Properties Llc $732,000 None Available
Dpc Properties Llc $732,000 None Available
Webber Joan E -- --
Webber Joan E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Lei $620,000
Closed Zhao Lei $620,000
Previous Owner Webber Joan E $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2022 12/07/22 Sold $732,000 -2.3% $436 / Sq Ft
10/22/2022 10/22/22 Pending -- -- --
10/13/2022 10/13/22 Price Changed $749,000 -6.3% $446 / Sq Ft
09/28/2022 09/28/22 For Sale $799,000 -- $476 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $10,801 $1,102,100 $665,600 $436,500
2024 $7,305 $748,500 $646,200 $102,300
2023 $6,972 $684,900 $522,100 $162,800
2022 $6,672 $634,200 $483,400 $150,800
2021 $6,260 $581,800 $443,500 $138,300
2020 $6,074 $581,800 $443,500 $138,300
2019 $5,682 $543,700 $414,500 $129,200
2018 $5,584 $516,100 $388,300 $127,800
2017 $5,265 $473,500 $356,200 $117,300
2016 $4,943 $434,400 $326,800 $107,600
2015 $4,714 $406,000 $305,400 $100,600
Source: Public Records

Agents Affiliated with this Home

  • The Drucker Group

    Seller's Agent in 2022

    The Drucker Group

    Compass

    (202) 957-5546

    1 in this area

    84 Total Sales

    The Drucker Group
    Section Image
  • Craig Brody

    Buyer's Agent in 2022

    Craig Brody

    Douglas Elliman Real Estate - Park Plaza

    (617) 519-1480

    2 in this area

    29 Total Sales

    Craig Brody
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73041937

MLS Property Information Network (MLS PIN)

APN: NEWT-000051-000007-000008

Massachusetts Middlesex County Newton 02464 Newton Upper Falls

1036-1038 Chestnut St, Newton, MA

This home is located at 1036-1038 Chestnut St, Newton, MA 02464 since 28 September 2022 and is currently estimated at $1,252,131, approximately $746 per square foot. This property was built in 1830. 1036-1038 Chestnut St is a home located in Middlesex County with nearby schools including Angier Elementary School, Zervas Elementary School, and Charles E Brown Middle School.

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.

MLS Property Information Network (MLS PIN) 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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