NOT LISTED FOR SALE

Estimated Value: $930,000 - $1,002,003

6 Beds
3 Baths
2,601 Sq Ft
$376/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $840,000 $323 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,122/month

17 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Enclosed Patio or Porch
  • Property is near public transit
  • Corner Lot
  • 5-minute walk to Mill creek riverwalk

About This Home

As of September 2021

Outstanding investment opportunity in bustling Chelsea with many upgrades! Two of the three units have been recently updated and all three units feature 2 equal sized bedrooms, updated eat-in kitchens, and fair sized living areas. Generating nearly $70,000 in gross annual revenue with room for growth, this property has a brand new roof, new gas heating systems and new water tanks for all three units! One garage parking spot completes this well-located three-family near the Parkway Plaza shopping center, highway routes, and public transportation. Don't miss your opportunity to buy into Chelsea's hot market!

Last Agent to Sell the Property

Karina Mejia

EVO Real Estate Group, LLC Listed on: 08/03/2021

Last Buyer's Agent

Jucelia Oliveira

Delmaschio Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,395

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Near Conservation Area
  • Corner Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,601 Sq Ft Home
  • Wood Flooring
  • Block Basement Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,595
  • Assessor Parcel Number M:075 P:023,1290023

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $67,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,395

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 0%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Concrete
  • Living Area: 2601
  • Stories Total: 6
  • MAIN LO: AN5445
  • LIST PRICE PER Sq Ft: 326.76
  • PRICE PER Sq Ft: 322.95
  • MAIN SO: AN5819

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Enclosed
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: 220 Volts
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School

Lot Info

  • Parcel Number: M:075 P:023,1290023
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 2922
  • PAGE: 263

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9395
  • Tax Book Number: 62555

Multi Family

  • Gross Income: 67140
  • Net Operating Income: 67140
  • Number Of Units Total: 3
  • Total Actual Rent: 5595
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Sep 28, 2021
Sold by
222 Clark Avenue Llc
Bought by
Silva Regiane C
Seller's Agent
Karina Mejia
EVO Real Estate Group, LLC
Buyer's Agent
Jucelia Oliveira
Delmaschio Group Realty
List Price
$849,900
Sold Price
$840,000
Premium/Discount to List
-$9,900
-1.16%
Current Estimated Value
$977,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,751
Avg. Annual Appreciation
3.94%
Original Mortgage
$630,000
Outstanding Balance
$575,746
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$402,005

Purchase Details

Listed on
Nov 21, 2019
Closed on
Feb 18, 2020
Sold by
Pcs Dixwell Rt
Bought by
222 Clark Avenue Llc
Seller's Agent
Radhy Pena
Pondside Realty
Buyer's Agent
Ben Kovacs
Byrnes Real Estate Group LLC
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$562,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2019
Sold by
Caraldo Loretta A Est
Bought by
Pcs Dixwell Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2004
Sold by
Cataldo Michael
Bought by
Cataldo Michael and Cataldo Loretta

Purchase Details

Closed on
Nov 22, 1991
Sold by
Higginbotham John C
Bought by
Cataldo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Silva Regiane C $840,000 None Available
222 Clark Avenue Llc $750,000 None Available
Pcs Dixwell Rt $625,000 --
Pcs Dixwell Rt $625,000 --
Cataldo Michael -- --
Cataldo Michael -- --
Cataldo Michael $120,000 --
Cataldo Michael $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Regiane C $630,000
Closed Silva Regiane C $630,000
Previous Owner 222 Clark Avenue Llc $562,500
Previous Owner Pcs Dixwell Rt $640,500
Previous Owner Cataldo Loretta $400,500
Previous Owner Cataldo Loretta $175,000
Previous Owner Higginbotham John C $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2021 09/28/21 Sold $840,000 -1.2% $323 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $849,900 +13.3% $327 / Sq Ft
02/19/2020 02/19/20 Sold $750,000 0.0% $288 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
11/21/2019 11/21/19 For Sale $750,000 -- $288 / 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 $9,665 $839,700 $193,300 $646,400
2024 $9,978 $838,500 $193,300 $645,200
2023 $9,576 $773,500 $175,800 $597,700
2022 $9,732 $734,500 $167,400 $567,100
2021 $9,395 $689,800 $159,400 $530,400
2020 $6,336 $473,200 $151,800 $321,400
2019 $6,244 $438,200 $151,800 $286,400
2018 $5,510 $390,800 $138,000 $252,800
2017 $5,291 $369,000 $138,000 $231,000
2016 $4,496 $315,500 $138,000 $177,500
2015 $3,912 $271,700 $120,000 $151,700
2014 $3,416 $229,600 $104,300 $125,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72875685

MLS Property Information Network (MLS PIN)

APN: CHEL-000075-000000-000023