NOT LISTED FOR SALE

Estimated Value: $951,000 - $1,295,000

9 Beds
4 Baths
3,932 Sq Ft
$281/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $850,000 $216 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $6,851/month

83 Days on Market

About This Home

As of January 2023

HUGE PRICE REDUCTION!!! Rare opportunity to own a huge, special two-family home in Malden. This property glows with all of its recent improvements on the first floor: new hardwood floors throughout; new kitchen with stainless appliances, granite countertop, two new full baths. The first floor offers master suite w/own bath, two good size bedrooms, living room, spacious eat-in kitchen, and additional full bath. The second floor offers three large bedrooms, living room, eat-in kitchen and a full bath. The third floor offers living area/family room, three spacious bedrooms and another full bath. Newer gas heating systems. 2 parking spaces on the driveway. Walking distance to Malden Center MBTA orange line station, Malden High School, Library, downtown area, shopping, great restaurants. Minutes to Routes 60, 1, 16, and I-93. Move right in and/or start collecting great rent. Perfect for both investor and owner live in!

Last Agent to Sell the Property

Michelle Chen

Coldwell Banker Realty - Cambridge Listed on: 09/14/2022

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

Rose Hall

Blue Ocean Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,713

Year Built

  • Built in 1900

Lot Details

  • 3,232

Home Design

  • Stone Foundation

Interior Spaces

  • 3,932 Sq Ft Home
  • Property has 2 Levels
  • Washer Hookup

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • 3,232 Sq Ft Lot
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $51,480

Listing and Financial Details

  • Total Actual Rent $4,290
  • Assessor Parcel Number M:093 B:703 L:304,597590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,713

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup
  • Living Area: 3932
  • Stories Total: 3
  • MAIN LO: AN2056
  • LIST PRICE PER Sq Ft: 227.62
  • PRICE PER Sq Ft: 216.17
  • MAIN SO: AN2056

Exterior Features

  • Foundation Details: Stone
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Other
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Washer Hookup
  • Water Source: Public

Lot Info

  • Parcel Number: M:093 B:703 L:304,597590
  • Zoning: ResA
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3232
  • Lot Size Units: Acres
  • PAGE: 493
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8713
  • Tax Book Number: 68016

Multi Family

  • Gross Income: 51480
  • Net Operating Income: 51480
  • Number Of Units Total: 2
  • Total Actual Rent: 4290
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2019
Sold by
Chen Shangwen
Bought by
Guan Jing
Current Estimated Value
$1,106,153

Purchase Details

Closed on
Sep 15, 2016
Sold by
Campbell Carrie L and Campbell Pamela L
Bought by
Chen Shangwen and Guan Jing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,059
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 1994
Sold by
Conrad Family Rt and Conrad Robert A
Bought by
Campbell Carrie L and Campbell Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,050
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Guan Jing -- --
Chen Shangwen $582,500 --
Campbell Carrie L $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & Z Investments Llc $75,000
Open L & Z Investments Llc $680,000
Previous Owner Chen Shangwen $563,059
Previous Owner Francois Andre P $376,000
Previous Owner Francois Andre P $322,000
Previous Owner Campbell Carrie L $275,000
Previous Owner Campbell Carrie L $29,000
Previous Owner Campbell Carrie L $153,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $850,000 -5.0% $216 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
10/19/2022 10/19/22 Price Changed $895,000 -5.7% $228 / Sq Ft
10/12/2022 10/12/22 Price Changed $949,000 -4.1% $241 / Sq Ft
09/14/2022 09/14/22 For Sale $990,000 -- $252 / 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 $10,032 $886,200 $282,400 $603,800
2024 $9,357 $800,400 $267,100 $533,300
2023 $9,089 $745,600 $244,200 $501,400
2022 $8,713 $705,500 $221,300 $484,200
2021 $8,436 $686,400 $202,200 $484,200
2020 $8,120 $641,900 $192,300 $449,600
2019 $7,974 $600,900 $183,100 $417,800
2018 $7,716 $547,600 $154,500 $393,100
2017 $7,256 $512,100 $154,500 $357,600
2016 $6,578 $433,900 $146,900 $287,000
2015 $6,323 $402,000 $138,500 $263,500
2014 $5,934 $368,600 $125,900 $242,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73036711

MLS Property Information Network (MLS PIN)

APN: MALD-000093-000703-000304