Seller's Agent in 2023
Michael Cohen
Compass
(617) 852-1160
1 in this area
57 Total Sales
43 Medford St Unit 45 Malden, MA 02148
Bellrock NeighborhoodEstimated Value: $831,797 - $1,138,000
6
Beds
2
Baths
2,693
Sq Ft
$369/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Tandem Parking
- Heating Available
- Wood Flooring
- Shops
- 3-minute walk to Bell Rock Memorial Park
About This Home
As of April 2023Welcome to 43-45 Medford Street, a versatile two-family property that offers an extraordinary opportunity for owner occupants or investors. Located in the convenient Bell Rock Neighborhood of Malden that is near shopping, some exceptional restaurants, cafés and breweries, Bell Rock Memorial Park and within a mile to downtown Malden/The Orange Line. Unit 1 has 5 rooms/2 bedrooms. One room in the basement offers potential to finish and add living space to unit 1. Unit 2 has 7 rooms/4 bedrooms and is situated on the second and third floors and has some potential to expand into the unfinished attic. Both units are bright and sunny with hardwood floors, high ceilings, eat in kitchens and semi-updated bathrooms. Oil tanks are a few years old. Driveway offers parking for 2 + cars, and a cozy backyard with a shed. A fantastic property with tons of upside. You won’t want to miss it.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,748
Year Built
- Built in 1900
Lot Details
- 3,241
Home Design
- Brick Foundation
- Stone Foundation
Interior Spaces
- 2,693 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- Heating Available
- Gas Water Heater
Additional Features
- 3,241 Sq Ft Lot
- Property is near public transit
Community Details
- 2 Units
- Shops
- Net Operating Income $24,000
Listing and Financial Details
- Total Actual Rent $2,000
- Assessor Parcel Number M:065 B:315 L:522,594738
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2023
Closed on
Apr 28, 2023
Sold by
Devlin Denis F Est
Bought by
Teng Jing
Seller's Agent
Michael Cohen
Compass
Buyer's Agent
Alpha Group
Compass
List Price
$699,900
Sold Price
$843,000
Premium/Discount to List
$143,100
20.45%
Views
284
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,699
Avg. Annual Appreciation
7.25%
Original Mortgage
$674,400
Outstanding Balance
$653,235
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$340,464
Purchase Details
Closed on
Oct 23, 2001
Sold by
Chaperon Pierre M
Bought by
Mathieu Steven C and Mathieu Sharon E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,200
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 10, 2000
Sold by
Piacenza Carlo and Piacenza Angelina C
Bought by
Chaperon Pierre M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 16, 1998
Sold by
Devlin Nt and Tareila Marilyn
Bought by
Devlin Denis F and Moran Maureen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.8%
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 |
|---|---|---|---|
| Teng Jing | $843,000 | None Available | |
| Mathieu Steven C | $348,000 | -- | |
| Chaperon Pierre M | $245,000 | -- | |
| Devlin Denis F | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Teng Jing | $674,400 | |
| Previous Owner | Devlin Denis F | $106,500 | |
| Previous Owner | Devlin Denis F | $8,000 | |
| Previous Owner | Devlin Denis F | $120,000 | |
| Previous Owner | Devlin Denis F | $313,200 | |
| Previous Owner | Devlin Denis F | $183,750 | |
| Previous Owner | Devlin Denis F | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2023 04/28/23 | Sold | $843,000 | +20.4% | $313 / Sq Ft |
| 03/22/2023 03/22/23 | Pending | -- | -- | -- |
| 03/15/2023 03/15/23 | For Sale | $699,900 | -- | $260 / 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 | $75 | $661,200 | $213,800 | $447,400 |
| 2024 | $7,334 | $627,400 | $206,100 | $421,300 |
| 2023 | $7,056 | $578,800 | $183,200 | $395,600 |
| 2022 | $6,748 | $546,400 | $164,100 | $382,300 |
| 2021 | $6,715 | $546,400 | $164,100 | $382,300 |
| 2020 | $6,331 | $500,500 | $146,200 | $354,300 |
| 2019 | $6,196 | $466,900 | $139,300 | $327,600 |
| 2018 | $6,310 | $447,800 | $139,300 | $308,500 |
| 2017 | $6,130 | $432,600 | $139,300 | $293,300 |
| 2016 | $5,749 | $379,200 | $127,900 | $251,300 |
| 2015 | $5,480 | $348,400 | $121,800 | $226,600 |
| 2014 | $5,062 | $314,400 | $110,700 | $203,700 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Cohen
-
Alpha Group
A
Buyer's Agent in 2023
Alpha Group
Compass
(617) 997-5325
1 in this area
82 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73087851
APN: MALD-000065-000315-000522
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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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