NOT LISTED FOR SALE

202 Washington Ave Chelsea, MA 02150

Addison-Orange Neighborhood

Estimated Value: $848,207 - $1,104,000

7 Beds
4 Baths
3,672 Sq Ft
$264/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $793,000 $216 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,895/month

36 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Shops
  • Wood Flooring
  • Park
  • 4-minute walk to Judie Dyer Park

About This Home

As of June 2023

GREAT INCOME Potential!! SPECIAL FINANCING Available for Chelsea!! Reasonable market rent "as is " NOI of $61000 gives this a 7% CAP RATE. INVESTORS, DEVELOPERS, HOMEOWNER/OCCUPANCY: A Great opportunity for this Well-built spacious 3 family in the Prime Prattville area of Chelsea. This well-maintained home has hardwood flooring with architectural details throughout. Unit #1 has a NEW kitchen, 4 rooms, 1 bedroom and 1 full bath. Unit #2 has a NEW kitchen as well with similar room count and floor plan. The third unit has 2 levels with 9 rooms, 5+ bedrooms and 2 full baths, a large unit needs cosmetic updating. Back porches, a large high ceiling basement that offers plenty of storage. Convenient access to transportation, retail, Rt 1 and downtown Boston. Call for appointment!

Last Agent to Sell the Property

Joan Barker

LAER Realty Partners Listed on: 04/19/2023

LAER Realty Partners

Co-Listed By

Felicia Barker

LAER Realty Partners

Last Buyer's Agent

Arian Simaku

Simaku Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,611

Year Built

  • Built in 1900

Lot Details

  • 2,960 Sq Ft Lot
  • Level Lot

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 3,672 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Built-In Range

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Basement

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

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • CMS Middle School
  • CHS High School

Utilities

  • 3 Heating Zones
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 063
  • Assessor Parcel Number 1288631

Community Details

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Additional Features

  • 3 Units
  • Operating Expense $9,611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,611

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 3(Range,Countertop Range,Refrigerator), Oil Water Heater,Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Walk-Out Access
  • Living Area: 3672
  • Spa YN: No
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: AN1199
  • MAIN SO: AN1958

Exterior Features

  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: 200+ Amp Service
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1288631
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2960
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9611
  • Tax Block: 063
  • Tax Lot: 0

Multi Family

  • Number Of Units Total: 3
  • Operating Expense: 9611
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Chs
  • Middle Or Junior School: Cms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
Jun 30, 2023
Sold by
Hanlon John J
Bought by
Cheung Alex G and Lee Khin C
Seller's Agent
Joan Barker
LAER Realty Partners
Buyer's Agent
Arian Simaku
Simaku Realty, LLC
List Price
$899,000
Sold Price
$793,000
Premium/Discount to List
-$106,000
-11.79%
Views
238
Current Estimated Value
$970,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,052
Avg. Annual Appreciation
8.57%
Original Mortgage
$523,400
Outstanding Balance
$508,846
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$461,206
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cheung Alex G $793,000 None Available
Cheung Alex G $793,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Alex G $523,400
Closed Cheung Alex G $523,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $793,000 -6.6% $216 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/10/2023 05/10/23 Price Changed $849,000 -5.6% $231 / Sq Ft
04/28/2023 04/28/23 For Sale $899,000 0.0% $245 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $899,000 -- $245 / 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 $9,687 $841,600 $176,800 $664,800
2024 $10,015 $841,600 $176,800 $664,800
2023 $9,611 $776,300 $160,700 $615,600
2022 $9,731 $734,400 $153,000 $581,400
2021 $9,388 $689,300 $145,800 $543,500
2020 $7,667 $572,600 $138,800 $433,800
2019 $8,067 $566,100 $138,800 $427,300
2018 $7,269 $515,500 $138,800 $376,700
2017 $6,922 $482,700 $138,800 $343,900
2016 $5,743 $403,000 $138,800 $264,200
2015 $5,160 $358,300 $120,700 $237,600
2014 $4,480 $301,100 $105,000 $196,100
Source: Public Records

Agents Affiliated with this Home

  • Joan Barker

    Seller's Agent in 2023

    Joan Barker

    Laer Realty

    (617) 216-7455

    1 in this area

    27 Total Sales

    Joan Barker
    Section Image

  • F

    Seller Co-Listing Agent in 2023

    Felicia Barker

    Laer Realty

    Section Image
  • Arian Simaku

    Buyer's Agent in 2023

    Arian Simaku

    Simaku Realty, LLC

    (857) 753-5683

    1 in this area

    118 Total Sales

    Arian Simaku
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73100336

MLS Property Information Network (MLS PIN)

APN: CHEL-000057-000000-000063

Massachusetts Suffolk County Chelsea 02150 Addison-Orange

202 Washington Ave, Chelsea, MA

Not Listed for Sale

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