NOT LISTED FOR SALE

Estimated Value: $838,000 - $1,030,000

5 Beds
2 Baths
2,073 Sq Ft
$448/Sq Ft Est. Value

Last Sold January 23, 2023

Last sale price $700,000 $338 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,059/month

83 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Community Pool
  • Deck
  • Wood Flooring
  • 5-minute walk to Newman Park

About This Home

As of January 2023

"$14,000 CASH BACK TO THE BUYER UPON CLOSING IF PROPERTY IS UNDER AGREEMENT BY 6PM. NOVEMBER 30 2022" Two-unit multi-family home in Downtown Malden a stone’s throw to a myriad of conveniences. The first-floor units includes one bedroom, an eat-in kitchen, and living room with high ceilings. The second-floor unit is comprised of four bedrooms, an eat-in kitchen and high ceilings throughout. Outside are six off-street parking spaces, detached garage with 421 sq/ft has endless options for conversion to a studio, home office/home business or storage, and a well-proportioned fenced in yard. Convenient to the Orange Line T, Malden Square, schools, parks, and beyond to Boston via Commuter Rail and freeway.

Last Agent to Sell the Property

Guy Contaldi

Advisors Living - Boston Listed on: 09/12/2022

Advisors Living - Boston

Last Buyer's Agent

Eric McNeill

EWK Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,785

Year Built

  • Built in 1935

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Garden

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,073 Sq Ft Home
  • Property has 1 Level
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,100
  • Assessor Parcel Number M:086 B:412 L:204,596913

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Community Pool
  • Park
  • Jogging Path

Additional Features

  • 2 Units
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,785

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1935
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Carpet,Hardwood
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full, Walk-Out Access
  • Living Area: 2073
  • Stories Total: 3
  • MAIN LO: AN1921
  • LIST PRICE PER Sq Ft: 361.31
  • PRICE PER Sq Ft: 337.67
  • MAIN SO: AC1982

Exterior Features

  • Exterior Features: Storage, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Block
  • Patio And Porch Features: Porch, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Driveway
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: 220 Volts
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station

Lot Info

  • Parcel Number: M:086 B:412 L:204,596913
  • Zoning: ResA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 7000
  • Lot Size Units: Acres
  • PAGE: 16
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7785
  • Tax Book Number: 27297

Multi Family

  • Gross Income: 25200
  • Net Operating Income: 25200
  • Number Of Units Total: 2
  • Total Actual Rent: 2100
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kechena Fekadu S $610,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2023 01/23/23 Sold $700,000 -6.5% $338 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/21/2022 11/21/22 Price Changed $748,999 0.0% $361 / Sq Ft
10/03/2022 10/03/22 Price Changed $749,000 -6.3% $361 / Sq Ft
09/12/2022 09/12/22 For Sale $799,000 -- $385 / 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 $82 $722,300 $304,300 $418,000
2024 $8,444 $722,300 $304,300 $418,000
2023 $8,160 $669,400 $277,500 $391,900
2022 $7,785 $630,400 $250,600 $379,800
2021 $8,104 $659,400 $223,800 $435,600
2020 $7,873 $622,400 $216,100 $406,300
2019 $7,523 $566,900 $205,900 $361,000
2018 $7,215 $512,100 $170,100 $342,000
2017 $6,943 $490,000 $163,300 $326,700
2016 $5,565 $367,100 $149,900 $217,200
2015 $5,425 $344,900 $142,800 $202,100
2014 $5,123 $318,200 $129,800 $188,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73035397

MLS Property Information Network (MLS PIN)

APN: MALD-000086-000412-000204