Seller's Agent in 2024
Sean Page
Signature Page Real Estate, LLC
(978) 852-9456
1 in this area
83 Total Sales
4 Chestnut Park Melrose, MA 02176
Oak Grove-Pine Banks NeighborhoodEstimated Value: $1,435,000 - $1,574,000
7
Beds
3
Baths
3,622
Sq Ft
$410/Sq Ft
Est. Value
Highlights
- Golf Course Community
- 5-minute walk to Wyoming Hill
- Property is near public transit
- Lincoln Elementary School Rated A-
- Deck
- 5-minute walk to Lynde Park
About This Home
As of April 2024Incredible fully occupied 3-Family investment opportunity in Wyoming Heights section of Melrose. This Queen-Anne Victorian showcases 1st & 3rd floor 2bedroom units and a 2nd floor 3bedroom unit. High ceilings, hardwood flooring, and a time capsule featuring beautiful interior wood work. Separate utilities, including gas heating for all units and Central AC on the 3rd floor unit. All 3 apartments include in-unit laundry. Full basement for tenant storage. Location, Location, Location! Close to bus, train and commuter rail. Less than 1/2 mile to downtown Melrose ammenities. Two off-street driveways to corral 2 parking spaces per unit. Floor plans attached. Add to your investment portfolio, 1031 Exchange or consider potential condo conversion. ***Due to full occupancy, please refer to Open House times for all showings - 11am-1230pm Saturday/Sunday.***
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,727
Year Built
- Built in 1894
Lot Details
- 6,634 Sq Ft Lot
- Corner Lot
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 3,622 Sq Ft Home
- 2 Fireplaces
- Screened Porch
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Rain Gutters
Location
- Property is near public transit
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $6,575
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 653872
Community Details
Overview
- 3 Units
- Property has 1 Level
Recreation
- Golf Course Community
- Park
- Jogging Path
Additional Features
- Shops
- Net Operating Income $78,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 8, 2001
Sold by
Geoghegan M Est and Geoghegan
Bought by
Shorey David L and Shorey Joanne M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
6.77%
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 |
|---|---|---|---|
| Shorey David L | $455,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Galaga Shipping Rt | $1,334,000 | |
| Closed | Ng Vincent W | $653,000 | |
| Closed | Ng-Ho Anita | $662,923 | |
| Closed | Shorey David L | $506,000 | |
| Closed | Shorey David L | $525,000 | |
| Closed | Shorey David L | $118,800 | |
| Closed | Shorey David L | $412,000 | |
| Closed | Shorey David L | $68,250 | |
| Closed | Shorey David L | $341,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2024 04/02/24 | Sold | $1,405,000 | +12.4% | $388 / Sq Ft |
| 02/21/2024 02/21/24 | Pending | -- | -- | -- |
| 02/13/2024 02/13/24 | For Sale | $1,250,000 | +31.6% | $345 / Sq Ft |
| 09/14/2018 09/14/18 | Sold | $950,000 | 0.0% | $262 / Sq Ft |
| 08/03/2018 08/03/18 | Pending | -- | -- | -- |
| 07/27/2018 07/27/18 | For Sale | $950,000 | +33.8% | $262 / Sq Ft |
| 09/18/2013 09/18/13 | Sold | $710,000 | +6.0% | $191 / Sq Ft |
| 08/19/2013 08/19/13 | Pending | -- | -- | -- |
| 07/30/2013 07/30/13 | For Sale | $669,900 | -- | $180 / 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 | $122 | $1,232,200 | $481,100 | $751,100 |
| 2024 | $11,727 | $1,181,000 | $467,300 | $713,700 |
| 2023 | $11,904 | $1,142,400 | $453,600 | $688,800 |
| 2022 | $11,424 | $1,080,800 | $412,400 | $668,400 |
| 2021 | $10,530 | $961,600 | $384,900 | $576,700 |
| 2020 | $10,531 | $953,000 | $384,900 | $568,100 |
| 2019 | $9,731 | $900,200 | $343,600 | $556,600 |
| 2018 | $9,462 | $835,100 | $295,500 | $539,600 |
| 2017 | $9,090 | $770,300 | $274,900 | $495,400 |
| 2016 | $8,869 | $719,300 | $274,900 | $444,400 |
| 2015 | $8,892 | $686,100 | $261,200 | $424,900 |
| 2014 | $7,801 | $587,400 | $233,700 | $353,700 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Page
-
Mark Linsky
M
Buyer's Agent in 2024
Mark Linsky
At Home Realty, Inc.
(617) 694-4208
2 in this area
22 Total Sales
-
M
Seller's Agent in 2018
Mark Hutchinson
Brad Hutchinson Real Estate
-
David Shorey
Seller's Agent in 2013
David Shorey
Real Broker MA, LLC
(781) 962-4028
150 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73201963
APN: MELR-000006C-000000-000128
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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