NOT LISTED FOR SALE

221 Chestnut Ave Jamaica Plain, MA 02130

Jamaica Plain Neighborhood

Estimated Value: $1,574,000 - $2,949,579

10 Beds
6 Baths
4,823 Sq Ft
$469/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $1,631,000 $338 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $13,996/month

130 Days on Market

About This Home

As of January 2016

6 CAP INVESTMENT PROPERTY! Rarely does a home such as this come along...a beautiful farmhouse style 1840's 3 family, in an absolute best location, situated on a quarter acre and amongst some of JP's finest Victorian homes! Perfect as a long term hold or future condo conversion. The building is spacious at 4800+ sq/ft, and is neatly configured with a huge 7 bedroom/3 bath unit on 3 floors, together with two additional rental units which are serviced by their own private entry. Gross income is $118,500/annual! The residences are all just renovated and all are under lease through 8/31/16. There is a shed and parking for at least 4 cars to the rear. A really special house!

Last Agent to Sell the Property

The Residential Group

William Raveis R.E. & Home Services Listed on: 07/16/2015

William Raveis R.E. & Home Services

Last Buyer's Agent

Jonny Kim

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2019
Sold by
Burstein Mordejai
Bought by
Bmm Ventures Llc
Total Days on Market
130
Current Estimated Value
$2,263,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$845,301
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$1,417,844

Purchase Details

Listed on
Jul 16, 2015
Closed on
Jan 25, 2016
Sold by
221 Chestnut Avenue Ll
Bought by
Burstein Mordejai
Seller's Agent
The Residential Group
William Raveis R.E. & Home Services
Buyer's Agent
Jonny Kim
Coldwell Banker Realty - Cambridge
List Price
$1,795,000
Sold Price
$1,631,000
Premium/Discount to List
-$164,000
-9.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$985,200
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2013
Sold by
Cullen Ft
Bought by
221 Chestnut Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2004
Sold by
Cullen Mary
Bought by
Delgross Tr Eileen P C and Cullen William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Bmm Ventures Llc -- --
Burstein Mordejai $1,631,000 --
221 Chestnut Llc $950,000 --
Delgross Tr Eileen P C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bmm Ventures Llc $950,000
Previous Owner Burstein Mordejai $985,200
Previous Owner 221 Chestnut Llc $1,700,000
Previous Owner 221 Chestnut Llc $950,000
Previous Owner Delgross Tr Eileen P C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $1,631,000 -9.1% $338 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $1,795,000 -- $372 / 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 $23,837 $2,058,500 $832,500 $1,226,000
2024 $20,560 $1,886,200 $518,800 $1,367,400
2023 $20,258 $1,886,200 $518,800 $1,367,400
2022 $19,178 $1,762,700 $484,800 $1,277,900
2021 $17,578 $1,647,400 $453,100 $1,194,300
2020 $16,602 $1,572,200 $423,700 $1,148,500
2019 $15,056 $1,428,500 $327,700 $1,100,800
2018 $13,864 $1,322,900 $327,700 $995,200
2017 $0 $0 $0 $0
2016 $9,448 $0 $0 $0
2015 $9,448 $780,200 $230,300 $549,900
2014 $8,508 $676,300 $230,300 $446,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    The Residential Group

    William Raveis R.E. & Home Services

    (617) 426-8333

    71 in this area

    286 Total Sales

    The Residential Group
    Section Image
  • Jonny Kim

    Buyer's Agent in 2016

    Jonny Kim

    Coldwell Banker Realty - Cambridge

    (617) 800-9805

    21 Total Sales

    Jonny Kim
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71874204

MLS Property Information Network (MLS PIN)

APN: JAMA-000000-000019-001016

Massachusetts Suffolk County Jamaica Plain 02130 Jamaica Plain

221 Chestnut Ave, Jamaica Plain, MA

This home is located at 221 Chestnut Ave, Jamaica Plain, MA 02130 since 16 July 2015 and is currently estimated at $2,263,145, approximately $469 per square foot. This property was built in 1841. 221 Chestnut Ave is a home located in Suffolk County with nearby schools including Neighborhood School, Meridian Academy, and Nativity Preparatory School.

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