NOT LISTED FOR SALE

245 Chestnut St Chelsea, MA 02150

Broadway Neighborhood

Estimated Value: $839,000 - $997,982

5 Beds
3 Baths
2,562 Sq Ft
$357/Sq Ft Est. Value

Last Sold November 22, 2017

Last sale price $585,000 $228 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,462/month

6 Days on Market

About This Home

As of November 2017

Attention investors! Brick 3-family in the heart of booming Chelsea. Steps away from new Silver Line T opening Spring 2018. Walking distance to downtown shops, restaurants, and entertainment. 100% occupied with TAW. Each unit is separately metered for gas and electric. Each unit has lead paint certificates. Option to buy attached neighbor for a 6-family detached property. Open house is Saturday, September 23rd from 1:00 pm to 4:00 pm.

Last Agent to Sell the Property

Geoffrey Smith

GPS Real Estate, LLC Listed on: 09/20/2017

Last Buyer's Agent

Willard Black

Cobblestone Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,886

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Fenced/Enclosed
  • Property Type: Multi-family
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 11
  • Full Bathrooms: 3
  • Total Levels: 3
  • Main Lo: NB4530
  • Main So: BB9633
  • Estimated Sq Ft: 2562.00

Exterior Features

  • Foundation: Concrete Block

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: 1050
  • Acre: 0.03
  • Lot Size: 1242.00

Multi Family

  • Total Bedrooms: 5
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 11
  • Total Rent_1: 3800
  • Multi Family Type: 3 Family - 3 Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2017
Closed on
Nov 22, 2017
Sold by
Mcnelley Edward J and Black Willard R
Bought by
Chelsea Associates Dev
Seller's Agent
Geoffrey Smith
GPS Real Estate, LLC
Buyer's Agent
Willard Black
Cobblestone Real Estate
List Price
$579,900
Sold Price
$585,000
Premium/Discount to List
$5,100
0.88%
Current Estimated Value
$881,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,698
Avg. Annual Appreciation
5.95%
Original Mortgage
$320,000
Outstanding Balance
$270,465
Interest Rate
3.91%
Mortgage Type
Unknown
Estimated Equity
$644,031

Purchase Details

Listed on
Sep 20, 2017
Closed on
Nov 21, 2017
Sold by
Twins Real Estate Llc
Bought by
Mcnelley Edward J
Seller's Agent
Geoffrey Smith
GPS Real Estate, LLC
Buyer's Agent
Willard Black
Cobblestone Real Estate
List Price
$579,900
Sold Price
$585,000
Premium/Discount to List
$5,100
0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$270,465
Interest Rate
3.91%
Mortgage Type
Unknown
Estimated Equity
$644,031

Purchase Details

Listed on
Nov 6, 2013
Closed on
Jan 17, 2014
Sold by
Lim Jookun and Tam Vivian
Bought by
Twins Real Estate Llc
Seller's Agent
Luis Tejada
Century 21 North East
Buyer's Agent
Samantha Gifford
Encore Realty
List Price
$365,000
Sold Price
$350,000
Premium/Discount to List
-$15,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.27%
Original Mortgage
$262,500
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 13, 2009
Sold by
243-245 Chestnut St Rt and Jorge
Bought by
Lim Jookun and Tam Vivian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chelsea Associates Dev -- --
Chelsea Associates Dev -- --
Mcnelley Edward J $585,000 --
Twins Real Estate Llc $350,000 --
Lim Jookun $205,000 --
Lim Jookun $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chelsea Associates Dev $320,000
Closed Chelsea Associates Dev $320,000
Closed Mcnelley Edward J $438,750
Previous Owner Lim Jookun $262,500
Previous Owner Lim Jookun $307,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2017 11/22/17 Sold $585,000 +0.9% $228 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $579,900 +65.7% $226 / Sq Ft
01/17/2014 01/17/14 Sold $350,000 -4.1% $138 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
11/06/2013 11/06/13 For Sale $365,000 -- $144 / 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 $7,886 $685,100 $118,900 $566,200
2024 $8,153 $685,100 $118,900 $566,200
2023 $7,828 $632,300 $108,100 $524,200
2022 $7,953 $600,200 $102,900 $497,300
2021 $7,665 $562,800 $98,000 $464,800
2020 $7,121 $531,800 $93,300 $438,500
2019 $7,568 $531,100 $93,300 $437,800
2018 $6,241 $442,600 $93,300 $349,300
2017 $5,892 $410,900 $93,300 $317,600
2016 $4,791 $336,200 $93,300 $242,900
2015 $3,663 $254,400 $81,200 $173,200
2014 $3,172 $213,200 $70,600 $142,600
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Geoffrey Smith

    GPS Real Estate, LLC

    Section Image

  • W

    Buyer's Agent in 2017

    Willard Black

    Cobblestone Real Estate

    (617) 889-1279

    2 Total Sales

    Section Image
  • Luis Tejada

    Seller's Agent in 2014

    Luis Tejada

    Century 21 North East

    (617) 306-0732

    3 in this area

    26 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Samantha Gifford

    Encore Realty

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72231635

MLS Property Information Network (MLS PIN)

APN: CHEL-000038-000000-000012A

Massachusetts Suffolk County Chelsea 02150 Broadway

245 Chestnut St, Chelsea, MA

This home is located at 245 Chestnut St, Chelsea, MA 02150 since 20 September 2017 and is currently estimated at $914,496, approximately $356 per square foot. This property was built in 1920. 245 Chestnut St is a home located in Suffolk County with nearby schools including Chelsea High School and Phoenix Charter Academy - Chelsea.

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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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