NOT LISTED FOR SALE

28 Wellesley St Medford, MA 02155

South Medford Neighborhood

Estimated Value: $988,545 - $1,179,000

4 Beds
2 Baths
2,259 Sq Ft
$482/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $975,000 $432 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,355/month

Highlights

  • Property is near public transit
  • Corner Lot
  • Community Pool
  • 1 Fireplace
  • Screened Porch
  • Tennis Courts

About This Home

As of January 2022

Impeccably preserved Medford 2 Family located in unrivaled Tufts neighborhood. Situated on a corner lot offering 4+ off-street parking spots, this 2 Family home resides in a highly desirable South Medford location. Calling all owner-occupants, multi-generational families, investors, and developers alike, 28 Wellesley Street is a flexible property providing a move-in-ready canvas alongside a fantastic expansion opportunity. Each immaculately maintained unit provides a living room, dining room, kitchen, two bedrooms & 1 bath. Unit 2 includes a walk-up attic and a private screened-in porch, while Unit 1 includes personal exclusive basement space great for storage or possible additional living area. The opportunity you've been waiting for has arrived.

Last Agent to Sell the Property

Erica Covelle

Compass Listed on: 10/28/2021

Compass

Last Buyer's Agent

Crystal Roach

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,708

Year Built

  • Built in 1934

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,259 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Screened Porch
  • Dishwasher
  • Washer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating Available
  • 100 Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $1,900
  • Assessor Parcel Number M:T09 B:0027,643869

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • Shops
  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,708

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1934
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Refrigerator,Washer,Dryer), Oil Water Heater,Electric Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry, Sump Pump
  • Living Area: 2259
  • Stories Total: 3
  • MAIN LO: AN2383
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch, Screened
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Ductless Mini-Split System), Unit 2(Central Air)
  • Heating: Unit 1(Steam,Oil), Unit 2(Electric Baseboard)
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:T09 B:0027,643869
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.399999
  • Lot Size Units: Acres
  • LOT SIZE: 3849

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5708

Multi Family

  • Net Operating Income: 22800
  • Number Of Units Total: 2
  • Total Actual Rent: 1900
  • LEVELS 1: 1
  • COOLING UNITS: 2
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Jan 6, 2022
Sold by
Barbara R Campbell Ft and Campbell
Bought by
28 Wellesley Llc
Seller's Agent
Erica Covelle
Compass
Buyer's Agent
Crystal Roach
Compass
List Price
$899,900
Sold Price
$975,000
Premium/Discount to List
$75,100
8.35%
Current Estimated Value
$1,089,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,886
Avg. Annual Appreciation
2.88%
Original Mortgage
$682,500
Outstanding Balance
$626,515
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$463,371
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
28 Wellesley Llc $975,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 28 Wellesley Llc $682,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $975,000 +8.3% $432 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $899,900 -- $398 / 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 $7,474 $849,300 $324,000 $525,300
2024 $6,867 $806,000 $308,500 $497,500
2023 $6,723 $777,200 $288,400 $488,800
2022 $6,048 $671,300 $262,100 $409,200
2021 $5,708 $606,600 $249,700 $356,900
2020 $5,622 $612,400 $249,700 $362,700
2019 $5,353 $557,600 $226,900 $330,700
2018 $28,610 $497,800 $206,300 $291,500
2017 $4,791 $453,700 $192,800 $260,900
2016 $4,647 $415,300 $175,300 $240,000
2015 $4,405 $376,500 $167,000 $209,500
Source: Public Records

Agents Affiliated with this Home

  • Erica Covelle

    Seller's Agent in 2022

    Erica Covelle

    Compass

    (617) 962-1591

    3 in this area

    166 Total Sales

    Erica Covelle
    Section Image
  • Crystal Roach

    Buyer's Agent in 2022

    Crystal Roach

    Compass

    (508) 769-8838

    1 in this area

    242 Total Sales

    Crystal Roach
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72913992

MLS Property Information Network (MLS PIN)

APN: MEDF-000009-000000-T000027

Massachusetts Middlesex County Medford 02155 South Medford

28 Wellesley St, Medford, MA

Not Listed for Sale

MultiFamily

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