NOT LISTED FOR SALE

Estimated Value: $691,639 - $844,000

5 Beds
2 Baths
2,250 Sq Ft
$343/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $555,000 $247 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,641/month

10 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Garden
  • Wood Flooring
  • Tankless Water Heater

About This Home

As of February 2021

Introducing 21-23 PAYSON STREET, *2-FAMILY HOME* located in a great neighborhood of Revere! This property needs a lot of work & is a tremendous opportunity for contractors/developers, & savvy investors to make improvements to home & then collect excellent rental income. Condo conversion potential. Currently being used as a multi-generational home. Owned by the same Family for over 50 years. Both units separately metered. There are 2 heating systems & 2 electrical panels in basement. Both units to be delivered vacant at closing. 1st Floor Unit features 4 rooms, 2 beds, 1 bath w/ Eat-In kitchen & functional layout. 2nd Floor Unit features 2 Levels - Main Level provides Eat-In Kitchen w/ In-Unit Laundry, LR w/ sliding doors leading out to Deck, bonus room & 1 bath. Upper Level offers 2 additional BR's. Local amenities: Revere Beach T, Logan Airport, Encore Casino, Boston & more. OUTSIDE SPACE - Back deck, Level LOT / Backyard & Driveway Parking is a Huge Asset! Being Sold "As-Is".

Last Agent to Sell the Property

David Ladner

RE/MAX Harmony Listed on: 11/23/2020

RE/MAX Harmony

Last Buyer's Agent

Jorge Betancur

Century 21 Mario Real Estate

Century 21 Mario Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,369

Year Built

  • Built in 1890

Lot Details

  • Fenced Yard
  • Garden

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Revere High School

Utilities

  • Tankless Water Heater
  • Oil Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:16 B:251 L:24

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,369

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 217.73
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Flooring: Vinyl, Wall to Wall Carpet, Varies Per Unit, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Concrete Floor, Unfinished Basement
  • Main Lo: AN5976
  • Main So: BB2945
  • Estimated Sq Ft: 2250.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Asbestos
  • Exterior Features: Deck - Wood, Gutters, Fenced Yard, Garden Area
  • Foundation: Brick

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Oil, Tankless
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Highway Access, Private School, Public School

Schools

  • Elementary School: Check w/ Supt.
  • Middle School: Check w/ Supt.
  • High School: Revere High

Lot Info

  • Assessments: 430400.00
  • Acre: 0.09
  • Lot Size: 3917.00
  • Page: 601
  • Parcel Number: M:16 B:251 L:24
  • Zoning: RB
  • Lot Description: Paved Drive, Fenced/Enclosed, Level

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 4846.00
  • Tax Year: 2020

MLS Schools

  • Grade School: Check w/ Supt.
  • High School: Revere High
  • Middle School: Check w/ Supt.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Jan 14, 2021
Sold by
Pacchielat Stefano and Pacchielat Antonio
Bought by
Quintero Jaime A
Seller's Agent
David Ladner
RE/MAX Harmony
Buyer's Agent
Jorge Betancur
Century 21 Mario Real Estate
List Price
$489,900
Sold Price
$555,000
Premium/Discount to List
$65,100
13.29%
Current Estimated Value
$771,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,160
Avg. Annual Appreciation
6.06%
Original Mortgage
$527,250
Outstanding Balance
$475,624
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$250,966

Purchase Details

Closed on
Mar 9, 2016
Sold by
Pacchielat Melania
Bought by
Pacchielat Stefano and Pacchielat Antonio
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Quintero Jaime A $555,000 None Available
Pacchielat Stefano -- --
Pacchielat Stefano -- --
Pacchielat Stefano -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quintero Jaime A $70,000
Open Quintero Jaime A $527,250
Closed Quintero Jaime A $527,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $555,000 +13.3% $247 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $489,900 -- $218 / 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 $5,369 $591,900 $285,000 $306,900
2024 $5,264 $577,800 $269,200 $308,600
2023 $4,952 $520,700 $224,800 $295,900
2022 $4,982 $479,000 $213,800 $265,200
2021 $4,873 $440,600 $197,900 $242,700
2020 $4,846 $430,400 $197,900 $232,500
2019 $4,656 $384,500 $180,500 $204,000
2018 $4,642 $358,200 $163,100 $195,100
2017 $4,502 $321,800 $142,500 $179,300
2016 $3,748 $259,400 $129,800 $129,600
2015 $3,839 $259,400 $129,800 $129,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72760552

MLS Property Information Network (MLS PIN)

APN: REVE-000016-000251-000024