NOT LISTED FOR SALE

Estimated Value: $1,075,000 - $1,202,000

6 Beds
3 Baths
3,245 Sq Ft
$355/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $1,005,000 $310 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,011/month

4 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • 3 Car Garage
  • 2 Fireplaces

About This Home

As of March 2022

Amazing opportunity to own a 2 Family in downtown Malden with 3 Car Garage. Walk into this well-maintained bright home featuring a great layout and space for both units. The first unit offers 2 Bedrooms, a living room, a spacious kitchen with hardwood floors throughout, and a washer-dryer in the unit. The second unit offers 4 bedrooms with living room, dining room, kitchen, den, and bedroom, in-unit washer/dryer and full bath on 2nd floor and 3 spacious bedrooms on 3rd floor with another full bath. Recent updates are a new roof in 2019, shared driveway paved 2020, freshly painted siding 2020, the kitchen was redone for both units in 2015. Walking distance to Malden Center, Malden High School, Library, downtown area, shopping, great restaurants, and minutes to 93. With some sweat equity, you can make this a great home.---- Offer deadline Monday Feb 6rh @ 5pm

Last Agent to Sell the Property

SK Group

Keller Williams Realty Boston Northwest Listed on: 02/04/2022

Co-Listed By

Sue Kim

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Matthew Wessels

Broad Sound Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,461

Year Built

  • Built in 1900

Lot Details

  • 5,227

Parking

  • 3 Car Garage
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,245 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Insulated Windows
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • 2 Heating Zones
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Porch
  • 5,227 Sq Ft Lot

Community Details

  • 2 Units
  • Net Operating Income $24,000

Listing and Financial Details

  • Total Actual Rent $5,500
  • Assessor Parcel Number 595412

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,461

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual,Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Varies Per Unit,Hardwood
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 3245
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: BB5474
  • MAIN SO: AN3502

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Electric: 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Lot Info

  • Parcel Number: 595412
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.2
  • Lot Size Units: Acres
  • LOT SIZE: 5258

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8460.99

Multi Family

  • Net Operating Income: 24000
  • Number Of Units Total: 2
  • Total Actual Rent: 5500
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
Mar 15, 2022
Sold by
Kim Nam C
Bought by
Shrestha Bibek and Shrestha Ichhya
Seller's Agent
SK Group
Keller Williams Realty Boston Northwest
Buyer's Agent
Matthew Wessels
Broad Sound Real Estate, LLC
List Price
$899,999
Sold Price
$1,005,000
Premium/Discount to List
$105,001
11.67%
Current Estimated Value
$1,153,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,342
Avg. Annual Appreciation
3.49%
Original Mortgage
$1,023,000
Outstanding Balance
$942,652
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$210,690

Purchase Details

Closed on
Nov 5, 2015
Sold by
Cruz Jose R and Cruz Priscilla
Bought by
Kim Nam C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$538,202
Interest Rate
3.88%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shrestha Bibek $1,005,000 None Available
Kim Nam C $530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shrestha Bibek $1,023,000
Previous Owner Kim Nam C $538,202
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2022 03/15/22 Sold $1,005,000 +11.7% $310 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $899,999 -- $277 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $119 $1,053,100 $308,600 $744,500
2024 $11,611 $993,200 $291,900 $701,300
2023 $11,289 $926,100 $266,900 $659,200
2022 $8,461 $685,100 $241,800 $443,300
2021 $8,164 $664,300 $221,000 $443,300
2020 $7,885 $623,300 $210,200 $413,100
2019 $7,758 $584,600 $200,200 $384,400
2018 $7,496 $532,000 $168,900 $363,100
2017 $7,298 $515,000 $168,900 $346,100
2016 $6,620 $436,700 $160,500 $276,200
2015 $6,401 $406,900 $151,400 $255,500
2014 $6,029 $374,500 $137,600 $236,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72939647

MLS Property Information Network (MLS PIN)

APN: MALD-000073-000820-000022

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