Seller's Agent in 2023
Thomas Mario
Century 21 Mario Real Estate
(978) 375-5049
1 in this area
87 Total Sales
225 Chestnut St Chelsea, MA 02150
Broadway NeighborhoodEstimated Value: $847,000 - $1,039,000
8
Beds
3
Baths
3,528
Sq Ft
$277/Sq Ft
Est. Value
Highlights
- Medical Services
- Park
- Coin Laundry
- Property is near public transit
- Shops
- 1-minute walk to Kayem Park
About This Home
As of December 2023Investment/Development Package Deal! This offering includes a fully rented and stabilized three family along with a separately deeded and assessed vacant parcel of land. This brick building is located close to Broadway restaurants, shopping, and public transportation. Easy access to downtown Boston or points north via Tobin Bridge makes this a perfect commuter location for prospective tenants. There is also a public parking lot located directly across the street from the building. The first floor is a 2 bedroom while second and third floors are three bedrooms. All units are ample size and have updated kitchens and bathrooms. Separate utilities for units as well. The 2,250 SF vacant parcel of land is located behind the property at 192 Cherry Street which is a public street. Bring your ideas to this currently underutilized piece of land!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,757
Year Built
- Built in 1920
Lot Details
- 1,361
Home Design
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Interior Spaces
- 3,528 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Additional Features
- 1,361 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $6,950
- Assessor Parcel Number M:038 P:020,1287683
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Insurance Expense $2,445
- Water Sewer Expense $3,934
- Operating Expense $6,379
- Net Operating Income $83,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 16, 2024
Sold by
Segel Adam
Bought by
Chestnut 225 Llc
Current Estimated Value
Purchase Details
Closed on
Jun 10, 1998
Sold by
Andrews Estelle P
Bought by
Cunningham Richard E and Lorden Gary P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,967
Interest Rate
7.11%
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 |
|---|---|---|---|
| Chestnut 225 Llc | -- | None Available | |
| Chestnut 225 Llc | -- | None Available | |
| Cunningham Richard E | $63,000 | -- | |
| Cunningham Richard E | $63,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Segel Adam | $545,000 | |
| Previous Owner | 225 Chestnut Llc | $678,750 | |
| Previous Owner | Cunningham Richard E | $150,000 | |
| Previous Owner | Cunningham Richard E | $62,967 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/07/2023 12/07/23 | Sold | $920,000 | -12.4% | $261 / Sq Ft |
| 11/01/2023 11/01/23 | Pending | -- | -- | -- |
| 06/27/2023 06/27/23 | For Sale | $1,050,000 | -- | $298 / 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 | $10,078 | $875,600 | $121,800 | $753,800 |
| 2024 | $12,213 | $1,026,300 | $121,800 | $904,500 |
| 2023 | $13,757 | $1,111,200 | $110,700 | $1,000,500 |
| 2022 | $13,913 | $1,050,000 | $105,400 | $944,600 |
| 2021 | $13,388 | $983,000 | $100,400 | $882,600 |
| 2020 | $10,577 | $789,900 | $95,600 | $694,300 |
| 2019 | $8,868 | $622,300 | $95,600 | $526,700 |
| 2018 | $7,192 | $510,100 | $95,600 | $414,500 |
| 2017 | $6,794 | $473,800 | $95,600 | $378,200 |
| 2016 | $5,498 | $385,800 | $95,600 | $290,200 |
| 2015 | $4,758 | $330,400 | $83,200 | $247,200 |
| 2014 | $4,105 | $275,900 | $72,300 | $203,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Saul Perlera
Perlera Real Estate
(617) 775-0609
4 in this area
64 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73130074
APN: CHEL-000038-000000-000020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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