NOT LISTED FOR SALE

240 Revere Beach Pkwy Chelsea, MA 02150

Prattville Neighborhood

Estimated Value: $1,099,000 - $1,266,000

12 Beds
3 Baths
4,098 Sq Ft
$292/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $1,050,000 $256 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,375/month

1 Day on Market

About This Home

As of December 2021

Large multi-family in prime location on Chelsea/Everett line. Easy access to RT 1, RT 16, and less than 15 minutes to Logan Airport and Encore Casino. A few blocks from various amenities such as banks, restaurants and markets. Many recent upgrades such as updated electric, tankless boilers, basement windows, stucco foundation, and much more! Property is turnkey and generating income at a 6.25 percent cap rate. Large storage room in basement can be rented out for additional income. All three units are occupied with one unit TAW. Perfect for an investor or owner occupy! Note: Seller will be reviewing offers prior to open houses. Offers will be presented upon receipt.

Last Agent to Sell the Property

Daniel Huynh

Keller Williams Realty License #455025868 Listed on: 11/02/2021

Keller Williams Realty

Last Buyer's Agent

Jesse Malzone

Silver Key Homes Realty

Silver Key Homes Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,766

Year Built

  • 1800

Lot Details

  • 5,227

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,766

Year Built

1800

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: From US-1, take Webster Ave/Chelsea/Everett exit, turn on Webster Ave towards Revere Beach Pkwy
  • Garage Yn: No
  • Efficiency: Thermostat
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1800

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Microwave,Refrigerator,Vent Hood), Unit 2(Dishwasher,Microwave,Refrigerator), Unit 3(Dishwasher,Microwave,Refrigerator), Tank Water Heaterless, Utility Connections for Electric Dryer
  • Has Basement: Partially Finished, Concrete
  • Total Bathrooms: 3
  • MAIN LO: BB6013
  • LIST PRICE PER Sq Ft: 244.02
  • PRICE PER Sq Ft: 256.22
  • MAIN SO: AN4339
  • Full Bathrooms: 3
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Programmable Thermostat), Unit 2(Bathroom With Tub & Shower,Programmable Thermostat), Unit 3(Upgraded Countertops,Bathroom With Tub & Shower,Programmable Thermostat), Unit 1 Rooms(Living Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Kitchen,Sunroom), Unit 3 Rooms(Living Room,Kitchen,Sunroom)
  • Stories: 6

Exterior Features

  • Roof: Rubber
  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Foundation Details: Granite
  • Fencing: Fenced/Enclosed
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem, On Street
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Radiators,Gas), Unit 3(Hot Water Radiators,Gas)
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Hot Water)

Schools

  • Elementary School: Sokolowski
  • High School: Chelsea High
  • Middle Or Junior School: Clark Avenue

Lot Info

  • LOT SIZE: 5200
  • PAGE: 285
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 5227.2
  • Zoning: R1

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 81600
  • Property Net Operating Income: 62428
  • Number Of Units Total: 3
  • Total Actual Rent: 6800

Tax Info

  • Tax Annual Amount: 10412
  • Tax Book Number: 57888
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Feb 3, 2022
Sold by
Chopra Raman and Chopra Vanita
Bought by
240 Revere Beach Pkwy Rt
Seller's Agent
Daniel Huynh
Keller Williams Realty
Buyer's Agent
Jesse Malzone
Silver Key Homes Realty
List Price
$1,000,000
Sold Price
$1,050,000
Premium/Discount to List
$50,000
5%
Current Estimated Value
$1,198,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,177
Avg. Annual Appreciation
2.70%
Original Mortgage
$787,500
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 2, 2021
Closed on
Dec 10, 2021
Sold by
Phan Kim and Chan Peter
Bought by
Chopra Vanita and Chopra Raman
Seller's Agent
Daniel Huynh
Keller Williams Realty
Buyer's Agent
Jesse Malzone
Silver Key Homes Realty
List Price
$1,000,000
Sold Price
$1,050,000
Premium/Discount to List
$50,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 6, 2017
Closed on
May 3, 2017
Sold by
Dinh Vinh T and Dinh Kimanh
Bought by
Pham Kim and Chan Peter
Seller's Agent
Annmarie DiGiovanni
Bond Realty, Inc.
Buyer's Agent
Vision Realty Group
LAER Realty Partners
List Price
$729,000
Sold Price
$680,000
Premium/Discount to List
-$49,000
-6.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$510,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2004
Sold by
Dinh Vinh T
Bought by
Dinh Vinh T and Dinh Kim L

Purchase Details

Closed on
Nov 2, 1995
Sold by
Wajara Kent
Bought by
Dinh Vinh T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,850
Interest Rate
7.58%
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
240 Revere Beach Pkwy Rt -- None Available
240 Revere Beach Pkwy Rt -- None Available
Chopra Vanita $1,050,000 None Available
Pham Kim $680,000 --
Dinh Vinh T -- --
Dinh Vinh T -- --
Dinh Vinh T $143,000 --
Dinh Vinh T $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chopra Vanita $787,500
Previous Owner Pham Kim $510,000
Previous Owner Wajara Kent $135,850
Previous Owner Wajara Kent $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $1,050,000 +5.0% $256 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $1,000,000 +47.1% $244 / Sq Ft
05/03/2017 05/03/17 Sold $680,000 -1.4% $166 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
02/28/2017 02/28/17 Price Changed $689,900 -5.4% $168 / Sq Ft
02/15/2017 02/15/17 Price Changed $728,900 0.0% $178 / Sq Ft
02/06/2017 02/06/17 For Sale $729,000 -- $178 / 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 $10,766 $935,400 $225,300 $710,100
2024 $11,131 $935,400 $225,300 $710,100
2023 $10,670 $861,900 $204,800 $657,100
2022 $10,792 $814,500 $195,100 $619,400
2021 $10,412 $764,500 $185,800 $578,700
2020 $9,674 $722,500 $176,900 $545,600
2019 $9,431 $661,800 $176,900 $484,900
2018 $9,422 $668,200 $176,900 $491,300
2017 $7,151 $498,700 $176,900 $321,800
2016 $6,055 $424,900 $176,900 $248,000
2015 $5,275 $366,300 $153,900 $212,400
2014 $4,613 $310,000 $133,800 $176,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Huynh

    Keller Williams Realty

    Section Image
  • Jesse Malzone

    Buyer's Agent in 2021

    Jesse Malzone

    Silver Key Homes Realty

    (339) 203-0482

    1 in this area

    25 Total Sales

    Jesse Malzone
    Section Image
  • Annmarie DiGiovanni

    Seller's Agent in 2017

    Annmarie DiGiovanni

    Bond Realty, Inc.

    (781) 870-1777

    9 Total Sales

    Annmarie DiGiovanni
    Section Image

  • V

    Buyer's Agent in 2017

    Vision Realty Group

    Laer Realty

    (617) 721-0013

    216 Total Sales

    Vision Realty Group
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72915377

MLS Property Information Network (MLS PIN)

APN: CHEL-000080-000000-000005

Massachusetts Suffolk County Chelsea 02150 Prattville

240 Revere Beach Pkwy, Chelsea, MA

This home is located at 240 Revere Beach Pkwy, Chelsea, MA 02150 since 02 November 2021 and is currently estimated at $1,198,177, approximately $292 per square foot. This property was built in 1800. 240 Revere Beach Pkwy is a home located in Suffolk County with nearby schools including Chelsea High School and Eagle Heights Academy.

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.

MLS Property Information Network (MLS PIN) 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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