Seller's Agent in 2024
Candice Hodgson
Lyv Realty
(978) 979-9964
1 in this area
171 Total Sales
22 Newton St Malden, MA 02148
Suffolk Square NeighborhoodEstimated Value: $966,000 - $1,093,000
5
Beds
3
Baths
2,669
Sq Ft
$384/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Corner Lot
- Deck
- Wood Flooring
- 4-minute walk to Tartikoff Park
About This Home
As of March 2024Incredible and hard to find Investor Opportunity! This 3-family with off-street parking and a one-car all cement garage is a solid investment to start or build your portfolio. While some updates are needed, the property's overall condition is good. Located just one mile from Malden Station, it offers easy access to Routes 1, 99, and 93, with only a 20-minute drive to Downtown Boston. All separate utilities and separate house meters, all tenants are TAW. The 2nd floor will be vacant on March 1st; 1st and 3rd floor tenants can remain. Outside garden boxes are filled with beautiful and low maintenance perennial plantings. Come seize this chance to add value and own an affordable and hard to find 3-family in the heart of Malden! 1st group showings start Wednesday 1/24 from 10-11am and Thursday 1/25 from 12-1:30pm. Please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,069
Year Built
- Built in 1920
Lot Details
- 3,751 Sq Ft Lot
- Corner Lot
- Level Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- 2,669 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Shingle Roof
- Rubber Roof
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- 3 Heating Zones
Listing and Financial Details
- Total Actual Rent $2,375
- Assessor Parcel Number M:097 B:423 L:301,597981
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Net Operating Income $28,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2024
Closed on
Jan 19, 2024
Sold by
Packard Stephen J and U S Bank Tna Tr
Bought by
Billiken Investments Llc
Seller's Agent
Candice Hodgson
Lyv Realty
Buyer's Agent
Peter Costa
Spencer Home Realty
List Price
$849,995
Sold Price
$925,000
Premium/Discount to List
$75,005
8.82%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,687
Avg. Annual Appreciation
4.00%
Original Mortgage
$693,750
Outstanding Balance
$685,485
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$292,522
Purchase Details
Closed on
Sep 19, 2003
Sold by
Factor Sidney
Bought by
Packard Stephen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,700
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Billiken Investments Llc | $605,000 | None Available | |
| Packard Stephen J | $410,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Blanc Nova | $693,750 | |
| Closed | Billiken Investments Llc | $613,000 | |
| Previous Owner | Packard Stephen J | $38,650 | |
| Previous Owner | Packard Stephen J | $77,500 | |
| Previous Owner | Packard Stephen J | $395,000 | |
| Previous Owner | Packard Stephen J | $397,700 | |
| Previous Owner | Micheroni Norma | $65,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2024 03/04/24 | Sold | $925,000 | +8.8% | $347 / Sq Ft |
| 01/26/2024 01/26/24 | Pending | -- | -- | -- |
| 01/24/2024 01/24/24 | For Sale | $849,995 | -- | $318 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $86 | $759,900 | $281,300 | $478,600 |
| 2024 | $8,349 | $714,200 | $265,600 | $448,600 |
| 2023 | $8,069 | $661,900 | $242,200 | $419,700 |
| 2022 | $7,726 | $625,600 | $218,800 | $406,800 |
| 2021 | $7,400 | $602,100 | $195,300 | $406,800 |
| 2020 | $7,194 | $568,700 | $188,700 | $380,000 |
| 2019 | $7,015 | $528,600 | $179,700 | $348,900 |
| 2018 | $6,745 | $478,700 | $148,400 | $330,300 |
| 2017 | $6,385 | $450,600 | $142,600 | $308,000 |
| 2016 | $5,920 | $390,500 | $130,900 | $259,600 |
| 2015 | $5,751 | $365,600 | $124,600 | $241,000 |
| 2014 | $5,434 | $337,500 | $113,300 | $224,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Buyer's Agent in 2024
Peter Costa
Spencer Home Realty
(617) 290-2795
1 in this area
33 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73195959
APN: MALD-000097-000423-000301
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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