16 Faulkner St Malden, MA 02148
North Faulkner NeighborhoodEstimated Value: $1,230,000 - $1,443,000
8
Beds
4
Baths
4,587
Sq Ft
$287/Sq Ft
Est. Value
Highlights
- Medical Services
- Granite Flooring
- Property is near public transit
- Spa
- Deck
- 5-minute walk to Tartikoff Park
About This Home
As of June 2022Oversized (4227 sq ft) Triple Decker- near Malden Center, fully rented with TAW, available now! Great option for 1031 Tax Exchanges, Buyer-Investors or Owner-Occupants. First floor unit has been renovated into a Luxury 2 bedroom/ 2 bathroom unit, 2nd & 3rd floor units have similar layout, large 3 bedroom units (approx. 1400 sq ft each) with laundry in the unit & front and back porches/decks. Large paved parking lot in the rear of the building. Good Condo Conversion Prospect. First Floor unit will impress you with the finishes: it has a Designer Kitchen with brand appliances like Viking stove with Thermador (commercial grade) vent, Subzero refrigerator, double oven. Open Concept Living-Dining Room, Master bedroom with an-suite bathroom, hardwood floor throughout, recessed lighting and modern light fixtures, Central Vacuum and Central Air. Basement with exterior and interior access has concrete floors and cemented walls. Looks dry and solid. This property is treasure, come check it out!
Last Agent to Sell the Property
North Star International Realty Team
LAER Realty Partners Listed on: 05/11/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,356
Year Built
- Built in 1930 | Remodeled
Lot Details
- 7,545 Sq Ft Lot
- Fenced
Home Design
- 4,587 Sq Ft Home
- Stone Foundation
- Frame Construction
- Rubber Roof
Kitchen
- Indoor Grill
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry Room
- Washer
Parking
- 6 Car Parking Spaces
- Common or Shared Parking
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Spa
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Salemwood Elementary And Middle School
- Malden High School
Utilities
- Cooling Available
- 1 Cooling Zone
- 3 Heating Zones
- Heating Available
- Separate Meters
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,600
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:102 B:733 L:305,598369
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $46,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2012
Closed on
Jul 19, 2012
Sold by
Smith Michael S and Smith Geraldine T
Bought by
Tse Yuanyuan and Tse Kwoc C
Seller's Agent
Jessica Ye
Keller Williams Realty Boston Northwest
Buyer's Agent
Mark Smith
Metro Realty
List Price
$535,000
Sold Price
$545,000
Premium/Discount to List
$10,000
1.87%
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$771,650
Avg. Annual Appreciation
6.94%
Original Mortgage
$408,750
Outstanding Balance
$288,551
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,007,506
Purchase Details
Closed on
Apr 15, 2005
Sold by
Smith Michael
Bought by
Smith Geraldine and Smith Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
5.7%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tse Yuanyuan | $545,000 | -- | |
| Smith Geraldine | -- | -- | |
| Smith Geraldine | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tse Yuanyuan | $408,750 | |
| Closed | Smith Michael | $408,750 | |
| Previous Owner | Smith Geraldine T | $214,000 | |
| Previous Owner | Smith Geraldine | $250,000 | |
| Previous Owner | Smith Michael | $50,000 | |
| Previous Owner | Smith Michael | $163,000 | |
| Previous Owner | Smith Michael | $129,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2022 06/30/22 | Sold | $1,250,000 | +13.6% | $273 / Sq Ft |
| 05/17/2022 05/17/22 | Pending | -- | -- | -- |
| 05/11/2022 05/11/22 | For Sale | $1,100,000 | +101.8% | $240 / Sq Ft |
| 07/16/2012 07/16/12 | Sold | $545,000 | +1.9% | $129 / Sq Ft |
| 06/16/2012 06/16/12 | Pending | -- | -- | -- |
| 04/09/2012 04/09/12 | For Sale | $535,000 | -- | $127 / 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 | $153 | $1,355,700 | $329,100 | $1,026,600 |
| 2024 | $14,589 | $1,248,000 | $310,800 | $937,200 |
| 2023 | $14,699 | $1,205,800 | $283,400 | $922,400 |
| 2022 | $11,356 | $919,500 | $256,000 | $663,500 |
| 2021 | $10,750 | $874,700 | $228,500 | $646,200 |
| 2020 | $10,750 | $849,800 | $220,800 | $629,000 |
| 2019 | $10,207 | $769,200 | $210,200 | $559,000 |
| 2018 | $9,508 | $674,800 | $173,700 | $501,100 |
| 2017 | $8,644 | $610,000 | $166,800 | $443,200 |
| 2016 | $10,738 | $708,300 | $153,100 | $555,200 |
| 2015 | $10,179 | $647,100 | $145,800 | $501,300 |
| 2014 | $9,575 | $594,700 | $132,500 | $462,200 |
Source: Public Records
Agents Affiliated with this Home
-
North Star International Realty Team
Seller's Agent in 2022
North Star International Realty Team
Laer Realty
(857) 373-9257
4 in this area
173 Total Sales
-
Olga Rotaru
Seller Co-Listing Agent in 2022
Olga Rotaru
Laer Realty
(857) 373-9257
2 in this area
46 Total Sales
-
Friel Estate
Buyer's Agent in 2022
Friel Estate
FrielEstate
(617) 755-0989
1 in this area
66 Total Sales
-
Jessica Ye
Seller's Agent in 2012
Jessica Ye
Keller Williams Realty Boston Northwest
(617) 839-6719
79 Total Sales
-
M
Buyer's Agent in 2012
Mark Smith
Metro Realty
(617) 832-5779
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72980010
APN: MALD-000102-000733-000305
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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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