NOT LISTED FOR SALE

Estimated Value: $1,208,000 - $1,565,000

16 Beds
12 Baths
6,371 Sq Ft
$217/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $2,660,000 $418 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $8,793/month

92 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Jogging Path
  • Medical Services
  • Wood Flooring
  • 4-minute walk to Public Grounds

About This Home

As of December 2023

Located in the heart of Brighton Center, 14 & 16 Chestnut Hill Ave offers investors a turn-key opportunity to own in a highly sought-after neighborhood. Property consists of two attached brick 3-families, made up of two (2) 2-bed, 1.5-bathroom units and four (4) 3-bed, 1.5-bathroom units fully leased through August 31, 2024. Additionally, each unit features a modern eat-in kitchen, hardwood floors, and private rear deck. All units are nearly identical in terms finishes, condition, and layout. Separate heating systems for each unit, assigned storage stalls, and coin-op laundry in the unfinished basement of both buildings. Seconds to multiple bus lines (51, 57, 57A, 65, 86, etc.), half mile to the B-line (Chiswick Rd), and less than a mile to Boston Landing station! High-demand rental location & a variety of developments currently approved/underway. Leased through August 31, 2024. Rent roll reflects leases beginning 9/1/23.

Last Agent to Sell the Property

Chris Taylor

Chris Taylor Listed on: 07/17/2023

Last Buyer's Agent

Chris Taylor

Chris Taylor Listed on: 07/17/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,428

Year Built

  • Built in 1920

Lot Details

  • 2,900

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 6,371 Sq Ft Home
  • Storage
  • Wood Flooring
  • Intercom
  • Unfinished Basement

Bedrooms and Bathrooms

  • 16 Bedrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Porch
  • 2,900 Sq Ft Lot
  • 6 Heating Zones

Listing and Financial Details

  • Total Actual Rent $16,800

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Electric Expense $3,242
  • Water Sewer Expense $4,284
  • Operating Expense $7,526
  • Net Operating Income $162,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,428

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 11

Interior Features

  • Flooring: Wood
  • Interior Amenities: Storage
  • Fireplace YN: No
  • Total Bedrooms: 16
  • Full Bathrooms: 6
  • Half Bathrooms: 6
  • Total Bathrooms: 12
  • Total Bathrooms: 9
  • Basement: Unfinished
  • Living Area: 6371
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 11
  • MAIN LO: NB1441
  • LIST PRICE PER Sq Ft: 455.19
  • PRICE PER Sq Ft: 417.52
  • MAIN SO: NB1441

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Brick
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Private School, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4284

Lot Info

  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 2900
  • Lot Size Units: Acres
  • PAGE: 269
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 26428
  • Tax Book Number: 60033

Multi Family

  • Electric Expense: 3242
  • Gross Income: 162600
  • Net Operating Income: 162600
  • Number Of Units Total: 6
  • Operating Expense: 7526
  • Total Actual Rent: 16800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2007
Sold by
Westbridge Chestnut Hi
Bought by
Dibella Aaron L and Dibella Kenneth F
Current Estimated Value
$1,383,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,600
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2007
Sold by
Lee Mona C
Bought by
Chestnut Hill Avenue L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,600
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2003
Sold by
Soufi Firouzeh and Shahbazi Kamran
Bought by
Westbridge Chestnut Av

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2002
Sold by
Lee On & Bo Rt and Lee
Bought by
Soufi Firouzeh and Shahbazi Kamran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dibella Aaron L $866,250 --
Chestnut Hill Avenue L -- --
Westbridge Chestnut Av $885,000 --
Soufi Firouzeh $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 14 Chestnut Hill Fms Llc $931,000
Open Chestnut Hill Llc $1,837,500
Closed Dibella Aaron L $627,000
Closed Soufi Firouzeh $632,000
Closed Dibella Aaron L $649,600
Previous Owner Soufi Firouzeh $1,360,000
Previous Owner Soufi Firouzeh $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $3,000 -- --
05/28/2024 05/28/24 For Rent $3,000 0.0% --
12/28/2023 12/28/23 Sold $2,660,000 -8.3% $418 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $2,900,000 -- $455 / 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 $15,038 $1,298,600 $263,400 $1,035,200
2024 $13,332 $1,223,100 $228,700 $994,400
2023 $13,136 $1,223,100 $228,700 $994,400
2022 $12,674 $1,164,900 $217,800 $947,100
2021 $12,185 $1,142,000 $213,500 $928,500
2020 $11,200 $1,060,600 $207,600 $853,000
2019 $10,448 $991,300 $154,200 $837,100
2018 $9,893 $944,000 $154,200 $789,800
2017 $9,346 $882,500 $154,200 $728,300
2016 $8,670 $788,200 $154,200 $634,000
2015 $7,955 $656,900 $126,600 $530,300
2014 $7,158 $569,000 $126,600 $442,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73137100

MLS Property Information Network (MLS PIN)

APN: BRIG-000000-000022-005514-000005