NOT LISTED FOR SALE

109 Chestnut St Unit 111 Waltham, MA 02453

South Side Neighborhood

Estimated Value: $1,254,000 - $1,444,000

9 Beds
6 Baths
3,614 Sq Ft
$381/Sq Ft Est. Value

Last Sold July 01, 2021

Last sale price $1,150,000 $318 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,241/month

7 Days on Market

About This Home

As of July 2021

Large and expansive side-by-side “townhouse style” multifamily property in sought after location just one block to Moody Street shops, restaurants, and easy access to MBTA & Commuter Rail station. Property would make excellent owner-occupied investment, rental, condo conversion, or potential redevelopment opportunity. LOTS OF OPTIONS! Units rented until 6/1 & 8/31 giving buyer flexibility. Currently rented below market with potential for $8k+ gross rents for a new owner to hit the ground running! Units have been updated over time with hardwood flooring on 2nd and 3rd floors, newer kitchens & bathrooms and upgraded electrical panels, lights, & main service. A total gem to find a 2 family this large next to Moody with so many possibilities left still!

Last Agent to Sell the Property

Dave Weinstock

Capital Realty Group Listed on: 05/19/2021

Last Buyer's Agent

Femion Mezini

Capital Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,997

Year Built

  • 1900

Lot Details

  • 6,098

Additional Features

  • Property has 3 Levels
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,997

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: GPS - Located right off Moody Street (1 block from Corner of Moody/Chestnut)
  • Garage Yn: No
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 2(Wall Oven,Dishwasher,Disposal,Countertop Range,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven
  • Has Basement: Full, Bulkhead, Dirt Floor, Unfinished
  • MAIN LO: NB2883
  • MAIN SO: NB2726
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Tile,Vinyl,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Upgraded Cabinets,Programmable Thermostat), Unit 2(Pantry,Crown Molding,Stone/Granite/Solid Counters,Bathroom with Shower Stall,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 6

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Conventional (2x4-2x6)
  • Disclosures: Seller Is A Licensed Real Estate Agent
  • Fencing: Fenced
  • Patio And Porch Features: Enclosed, Covered
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Heating: Unit 1(Electric Baseboard,Steam,Gas), Unit 2(Steam,Gas)
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating Yn: Yes
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Oven
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Public School, University
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Annual Water Sewer Expense: 1887

Lot Info

  • LOT SIZE: 6011
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6098.4
  • Zoning: 1

Multi Family

  • LEVELS 1: 3
  • LEASE 2: Y
  • LEASE 1: Y
  • Annual Gross Income: 81600
  • Insurance Expense: 1200
  • Property Net Operating Income: 76083
  • Number Of Units Total: 2
  • Annual Operating Expense: 5517
  • Total Actual Rent: 6800

Tax Info

  • Tax Annual Amount: 8692
  • Tax Book Number: 45484
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 1, 2021
Sold by
Weinstock Prop 2 Llc
Bought by
Li Shang-Wen and Dong Shuyan
Seller's Agent
Dave Weinstock
Capital Realty Group
Buyer's Agent
Femion Mezini
Capital Realty Group
List Price
$1,099,000
Sold Price
$1,150,000
Premium/Discount to List
$51,000
4.64%
Current Estimated Value
$1,375,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,248
Avg. Annual Appreciation
4.13%
Original Mortgage
$650,000
Outstanding Balance
$589,774
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$785,474

Purchase Details

Closed on
Feb 22, 2021
Sold by
Weinstock Ft and Weinstock
Bought by
Weinstock Prop 2 Llc

Purchase Details

Closed on
Dec 5, 2018
Sold by
Weinstock David B
Bought by
Weinstock Ft and Weinstock

Purchase Details

Closed on
Jun 28, 2005
Sold by
Winslow John Est and Larson
Bought by
Weinstock David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,800
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Li Shang-Wen $1,150,000 None Available
Weinstock Prop 2 Llc -- None Available
Weinstock Prop 2 Llc -- None Available
Weinstock Ft -- --
Weinstock Ft -- --
Weinstock David B $556,000 --
Weinstock David B $556,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Shang-Wen $650,000
Previous Owner Weinstock David B $444,800
Previous Owner Weinstock David B $3,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2021 07/01/21 Sold $1,150,000 +4.6% $318 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,099,000 -- $304 / 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 $11,997 $1,221,700 $363,600 $858,100
2024 $10,926 $1,133,400 $363,600 $769,800
2023 $11,071 $1,072,800 $331,200 $741,600
2022 $9,286 $833,600 $302,400 $531,200
2021 $8,798 $777,200 $273,600 $503,600
2020 $8,692 $727,400 $259,200 $468,200
2019 $8,072 $637,600 $256,600 $381,000
2018 $7,266 $576,200 $237,600 $338,600
2017 $6,966 $554,600 $216,000 $338,600
2016 $6,480 $529,400 $190,800 $338,600
2015 $6,130 $466,900 $187,200 $279,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72834251

MLS Property Information Network (MLS PIN)

APN: WALT-000069-000030-000006