NOT LISTED FOR SALE

Estimated Value: $830,000 - $1,148,000

4 Beds
2 Baths
2,506 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $725,000 $289 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,805/month

6 Days on Market

Highlights

  • Property is near public transit
  • Community Pool
  • Jogging Path
  • Wood Flooring
  • Tennis Courts
  • 2-minute walk to Tartikoff Park

About This Home

As of March 2023

Super opportunity to own this standard TWO family in the Faulker neighborhood! This home sits on an almost 5000 square ft lot and includes a TWO car garage! Both units feature 5 rooms with 2 bedrooms, a dining room, living room, kitchen, pantry and 1 full bath. You will love the high ceilings and spacious rooms. Both units also feature front and back porches. Copper water line and separate laundry hookups in the basement. A walk score of 85 makes his property "very walkable". It is close to the Northern Strand Bike Trail that leads you from Malden to the ocean in Revere! Walk to the bus stop and downtown Malden Center where you can hop on the MBTA or enjoy amazing eateries, gaming centers, breweries, and adventure spots! Unit one is vacant. This property will be SOLD AS IS. Come and make it your own!

Last Agent to Sell the Property

Kristin Gennetti

Century 21 North East Listed on: 01/13/2023

Century 21 North East

Last Buyer's Agent

Aya Yamaguchi

Coldwell Banker Realty - Westwood

Coldwell Banker Realty - Westwood

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,396

Year Built

  • Built in 1925

Lot Details

  • 4,853 Sq Ft Lot
  • Property fronts an easement

Parking

  • 2 Car Garage
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,506 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Unfinished Basement
  • Interior Basement Entry
  • Dishwasher
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Malden High School

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 $2,200
  • Rent includes unit 1(water), unit 2(water)
  • Legal Lot and Block 704 / 427
  • Assessor Parcel Number 598031

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,396

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1925
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Varies Per Unit, Unit 1(undefined), Unit 2(Wood Flooring)
  • Interior Amenities: Unit 1(Ceiling Fans,Pantry), Unit 2(Pantry), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Interior Entry, Unfinished
  • Living Area: 2506
  • Stories Total: 3
  • MAIN LO: AN4339
  • LIST PRICE PER Sq Ft: 269.31
  • PRICE PER Sq Ft: 289.31
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Hot Water Radiators,Oil), Unit 2(Hot Water Radiators,Oil)
  • 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, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 598031
  • Zoning: ResA
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4853
  • Lot Size Units: Acres
  • PAGE: 160
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7396.42
  • Tax Block: 427
  • Tax Book Number: 972
  • Tax Lot: 704
  • Tax Map Number: 097

Multi Family

  • Gross Income: 26400
  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Malden High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Martinelli Lynda
Bought by
Martinelli Lynda and Martinelli Timothy
Current Estimated Value
$876,211

Purchase Details

Closed on
Jul 1, 1983
Bought by
Martinelli Ralph and Martinelli Lynda
Source: Public Records

Range of Values:

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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
Martinelli Lynda -- None Available
Martinelli Lynda -- None Available
Martinelli Ralph $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinelli Ralph $90,000
Previous Owner Martinelli Ralph $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $725,000 +7.4% $289 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $674,900 -- $269 / 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 $80 $707,300 $262,300 $445,000
2024 $7,998 $684,200 $245,900 $438,300
2023 $7,508 $615,900 $221,300 $394,600
2022 $7,396 $598,900 $217,200 $381,700
2021 $7,034 $572,300 $190,600 $381,700
2020 $6,779 $535,900 $180,800 $355,100
2019 $6,650 $501,100 $172,200 $328,900
2018 $6,310 $447,800 $137,300 $310,500
2017 $6,031 $425,600 $137,300 $288,300
2016 $5,726 $377,700 $137,300 $240,400
2015 $5,548 $352,700 $130,800 $221,900
2014 $5,218 $324,100 $118,900 $205,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73070421

MLS Property Information Network (MLS PIN)

APN: MALD-000097-000427-000704