NOT LISTED FOR SALE

Estimated Value: $790,291 - $1,117,000

5 Beds
2 Baths
2,226 Sq Ft
$401/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $750,000 $337 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,694/month

17 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Property is near public transit
  • Jogging Path
  • Enclosed Patio or Porch

About This Home

As of January 2023

PRICE IMPROVEMENT! Well-maintained legal 5 bed 2 bath TWO-FAMILY w/parking on tranquil side-street in convenient Malden neighborhood. Close to Boston, MBTA buses & subway, main roads as well as U.S. Bicycle Rte 1 trail. Truly a TURN-KEY INVESTMENT property! All the hard work has been done by experienced PRO real estate investor/landlord. Now YOU reap the benefits! Great condition, low maintenance & DELEAD certificate (U152) ensure EASY management & LUCRATIVE rents. UPDATES include roof (30 yr), Burnham gas boilers, water heaters, insulation, newer kitchen (1st fl), some windows & electrical. Hardwood flooring & freshly painted. Enjoy the outdoors as well w/front & rear porches as well as large fenced backyard w/deck & patio. Offers so many options. Extended families. Owner-occupant w/rental unit paying down the mortgage. Possible condo conversion. Traditional investment property w/quality tenant & excellent rent ($2,337) in U150. U152 is vacant & ready for new tenant to move in now!

Last Agent to Sell the Property

Ronald Trapasso

Keller Williams Realty Listed on: 10/14/2022

Keller Williams Realty

Last Buyer's Agent

JOHN SNYDER

Redfin Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,067

Year Built

  • Built in 1918

Lot Details

  • 5,367 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,226 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Storm Doors
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,337
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number M:170 B:501 L:128,602631

Community Details

Overview

  • 2 Units

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $2,712
  • Net Operating Income $28,044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,067

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1918
  • Dual Variable: Yes
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Varies Per Unit,Laminate,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 2226
  • Stories Total: 3
  • Window Features: Insulated Windows, Screens
  • MAIN LO: BB5522
  • MAIN SO: NB3534

Exterior Features

  • Exterior Features: Balcony, Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Hot Water Radiators,Gas,Unit Control), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:170 B:501 L:128,602631
  • Zoning: ResA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5367
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat, Varies per Unit

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7067

Multi Family

  • Net Operating Income: 28044
  • Number Of Units Total: 2
  • Operating Expense: 2712
  • Total Actual Rent: 2337
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Jan 3, 2023
Sold by
Dauenhauer Joseph and Visini Claudia
Bought by
Koffi Njom S and Sakwe Emilia
Seller's Agent
Ronald Trapasso
Keller Williams Realty
Buyer's Agent
JOHN SNYDER
Redfin Corp.
List Price
$759,900
Sold Price
$750,000
Premium/Discount to List
-$9,900
-1.3%
Views
139
Current Estimated Value
$893,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,573
Avg. Annual Appreciation
6.16%
Original Mortgage
$736,415
Outstanding Balance
$712,123
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$181,450

Purchase Details

Closed on
Jan 29, 2021
Sold by
Dauenhauer Joseph E
Bought by
Dauenhauer Joseph E and Visini Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2010
Sold by
Dedominici Theresa D and Moore Karen J
Bought by
Dauenhauer Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2008
Sold by
Dedominici Theresa D
Bought by
Moore Karen J and Dedominici Theresa D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Koffi Njom S $750,000 None Available
Dauenhauer Joseph E -- None Available
Dauenhauer Joseph E $320,000 --
Dauenhauer Joseph E $320,000 --
Moore Karen J -- --
Moore Karen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koffi Njom S $736,415
Previous Owner Dauenhauer Joseph E $488,000
Previous Owner Dauenhauer Joseph E $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2023 01/03/23 Sold $750,000 +1.4% $337 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/26/2022 10/26/22 Price Changed $739,900 -2.6% $332 / Sq Ft
10/14/2022 10/14/22 For Sale $759,900 -- $341 / 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 $81 $714,800 $284,800 $430,000
2024 $7,850 $671,500 $268,100 $403,400
2023 $7,374 $604,900 $243,000 $361,900
2022 $7,067 $572,200 $222,000 $350,200
2021 $6,877 $559,600 $209,400 $350,200
2020 $6,565 $519,000 $193,500 $325,500
2019 $6,437 $485,100 $184,300 $300,800
2018 $6,155 $436,800 $152,900 $283,900
2017 $5,902 $416,500 $152,900 $263,600
2016 $5,456 $359,900 $140,300 $219,600
2015 $5,288 $336,200 $133,600 $202,600
2014 $4,972 $308,800 $121,500 $187,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73048302

MLS Property Information Network (MLS PIN)

APN: MALD-000170-000501-000128