Seller's Agent in 2023
John Pentore
Horvath & Tremblay
(781) 484-8166
3 in this area
45 Total Sales
148 Walnut St Chelsea, MA 02150
Broadway NeighborhoodEstimated Value: $1,037,000 - $1,116,000
8
Beds
3
Baths
3,735
Sq Ft
$287/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Park
- Storage
- Corner Lot
- Laundry Room
- 3-minute walk to Kayem Park
About This Home
As of August 2023The Property is a completely gut-rehabbed, condo-quality, turn-key asset located just off of Route 1, providing immediate access to the Tobin Bridge and Downtown Boston. With rents in place through 2023-24, the opportunity exists to acquire a stabilized asset in a continuously growing, high-demand real estate market. The 3-Bedroom units feature a room for a home office with the opportunity to convert it into a fourth bedroom, if desired. All of the floors (except in the bathrooms) are vinyl plank, each of the kitchens have granite countertops, stainless steel Amana appliances including dishwashers and disposals, gas ranges and microwaves. All of the bathrooms feature new vanities with granite countertops, Delta faucets, American Standard toilets, and tile flooring. Additionally, the Property features a new Roof, Windows, Electrical System and Navien Tankless Combi-Boiler Systems for Heat and Hot Water. There is a coin-op laundry room and individual storage units in the basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,971
Year Built
- Built in 1900
Lot Details
- 1,437 Sq Ft Lot
- Corner Lot
Home Design
- Triplex
- Rubber Roof
Interior Spaces
- 3,735 Sq Ft Home
- Storage
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Property is near public transit
- Property is near schools
Utilities
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $7,300
- Assessor Parcel Number 1287625
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
Building Details
- Operating Expense $29,334
- Net Operating Income $59,466
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 3, 2013
Sold by
Chen Lishan and Jp Morgan Chase Bank N
Bought by
Federal National Mortgage Association
Current Estimated Value
Purchase Details
Closed on
Jun 18, 2010
Sold by
Chen Lishan and Zhu Shi Sheng
Bought by
Chen Lishan
Purchase Details
Closed on
Oct 12, 2005
Sold by
Zhu Kun Li
Bought by
Chen Lishan and Zhu Shi Sheng
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 26, 2005
Sold by
Zhen Shi S and Zhu Shi S
Bought by
Zhu Kun Li
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 29, 1998
Sold by
Perez Delio
Bought by
Zhu Shi S
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Federal National Mortgage Association | $422,264 | -- | |
| Federal National Mortgage Association | $422,264 | -- | |
| Chen Lishan | -- | -- | |
| Chen Lishan | -- | -- | |
| Chen Lishan | $468,000 | -- | |
| Chen Lishan | $468,000 | -- | |
| Zhu Kun Li | $475,000 | -- | |
| Zhu Kun Li | $475,000 | -- | |
| Zhu Shi S | $138,900 | -- | |
| Zhu Shi S | $138,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | L & Z Investments Llc | $746,250 | |
| Closed | L & Z Investments Llc | $746,250 | |
| Closed | 148 Walnut Street Llc | $667,500 | |
| Previous Owner | Chen Lishan | $351,000 | |
| Previous Owner | Zhu Kun Li | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2023 08/07/23 | Sold | $995,000 | +4.7% | $266 / Sq Ft |
| 06/15/2023 06/15/23 | Pending | -- | -- | -- |
| 06/05/2023 06/05/23 | For Sale | $950,000 | 0.0% | $254 / Sq Ft |
| 06/04/2023 06/04/23 | Off Market | $950,000 | -- | -- |
| 06/01/2023 06/01/23 | For Sale | $950,000 | +17.3% | $254 / Sq Ft |
| 02/25/2021 02/25/21 | Sold | $810,000 | -10.0% | $217 / Sq Ft |
| 12/26/2020 12/26/20 | Pending | -- | -- | -- |
| 11/08/2020 11/08/20 | For Sale | $899,900 | -- | $241 / 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 | $10,979 | $953,900 | $123,400 | $830,500 |
| 2024 | $14,536 | $1,221,500 | $123,400 | $1,098,100 |
| 2023 | $13,971 | $1,128,500 | $112,200 | $1,016,300 |
| 2022 | $14,131 | $1,066,500 | $106,800 | $959,700 |
| 2021 | $13,601 | $998,600 | $101,800 | $896,800 |
| 2020 | $6,838 | $510,700 | $96,900 | $413,800 |
| 2019 | $6,615 | $464,200 | $96,900 | $367,300 |
| 2018 | $5,947 | $421,800 | $96,900 | $324,900 |
| 2017 | $5,659 | $394,600 | $96,900 | $297,700 |
| 2016 | $4,648 | $326,200 | $96,900 | $229,300 |
| 2015 | $4,038 | $280,400 | $84,300 | $196,100 |
| 2014 | $3,512 | $236,000 | $73,300 | $162,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2021
REthink39 Group
Laer Realty
(857) 259-1838
1 in this area
40 Total Sales
-
P
Seller Co-Listing Agent in 2021
Philip Massa
Century 21 North East
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73119095
APN: CHEL-000037-000000-000022
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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