NOT LISTED FOR SALE

Estimated Value: $844,542 - $873,000

5 Beds
3 Baths
2,160 Sq Ft
$400/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $595,000 $275 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,411/month

76 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • 3-minute walk to Oak Island Park
  • Deck
  • Fenced Yard

About This Home

As of May 2021

BACK ON THE MARKET DUE TO BUYER FINANCING!......Welcome to 48 Arcadia St, Revere! This 1987 built 2-Family features 5 Beds, 3 Baths, 2160 sq ft. and resides one block from Revitalized Revere Beach! Owner Occupy with an additional rental unit for supplemented income OR make this your next investment - Great Condo Conversion Opportunity! 2nd floor Owner’s Unit features 3 Bedrooms and 1 Bath, Open Concept living with Cathedral Ceilings, Hardwood Flooring, and Spacious Kitchen including Center Island and lots of cabinet space. Unit 2 features 2 Beds and 2 Baths. Both units feature a private deck overlooking a sizable fenced-in yard with two sheds for storage. In-unit Laundry for both units. Property to be delivered vacant. Plenty of parking. Walk to the Blue Line! Put a little TLC into the property and gain equity! Showings at open house only - 4/3 10-1130 and 4/4 from 1-230!

Last Agent to Sell the Property

Connolly Gallo Team

RE/MAX 360 Listed on: 01/20/2021

RE/MAX 360

Last Buyer's Agent

Brian Walker

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,712

Year Built

  • Built in 1987

Lot Details

  • 6,534

Flooring

  • Wood
  • Tile

Additional Features

  • Ocean Views
  • Deck
  • Fenced Yard

Listing and Financial Details

  • Assessor Parcel Number M:10 B:188B3 L:34A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,712

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 266.16
  • Comp Based On: Net Sale Price
  • Year Built: 1987
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1987

Interior Features

  • Flooring: Tile, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 10
  • Main Lo: AN4305
  • Main So: NB3534
  • Estimated Sq Ft: 2160.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Waterview Features: Ocean
  • Waterview Flag: Yes
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck - Wood, Fenced Yard
  • Foundation: Slab

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 5

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 200 Amps

Condo/Co-op/Association

  • Amenities: Public Transportation

Lot Info

  • Assessments: 518600.00
  • Acre: 0.15
  • Lot Size: 6700.00
  • Page: 35
  • Parcel Number: M:10 B:188B3 L:34A
  • Zoning: RB
  • Lot Description: Flood Plain, Fenced/Enclosed, Scenic View(s)

Multi Family

  • Heat Units: 1
  • Total Levels: 2
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 5839.00
  • Assessor Parcel Number: 1369861
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2021
Closed on
May 11, 2021
Sold by
Testa Maureen E
Bought by
Rolander John G
Seller's Agent
Connolly Gallo Team
RE/MAX 360
Buyer's Agent
Brian Walker
Compass
List Price
$574,900
Sold Price
$595,000
Premium/Discount to List
$20,100
3.5%
Current Estimated Value
$886,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,183
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Mar 27, 2006
Sold by
Testa Sabrina M
Bought by
Testa Maureen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2004
Sold by
Testa Maureen E and Testa Anthony E
Bought by
Testa Sabrina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1999
Sold by
Testa Joseph R
Bought by
Testa Anthony E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.88%
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
Rolander John G $595,000 None Available
Testa Maureen E $490,000 --
Testa Maureen E $490,000 --
Testa Sabrina M $190,000 --
Testa Anthony E $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samuelman Joseph $965,082
Closed Samuelman Joseph $965,082
Previous Owner Testa Maureen E $183,950
Previous Owner Testa Maureen E $195,000
Previous Owner Testa Maureen E $170,000
Previous Owner Testa Anthony E $152,000
Previous Owner Testa Anthony E $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $595,000 +3.5% $275 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $574,900 0.0% $266 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $574,900 -- $266 / 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 $6,712 $740,000 $268,100 $471,900
2024 $6,522 $715,900 $243,800 $472,100
2023 $5,872 $617,500 $212,900 $404,600
2022 $6,026 $579,400 $203,100 $376,300
2021 $5,989 $541,500 $186,900 $354,600
2020 $5,839 $518,600 $178,800 $339,800
2019 $5,581 $460,900 $162,500 $298,400
2018 $5,785 $446,400 $160,900 $285,500
2017 $5,376 $384,300 $123,500 $260,800
2016 $4,388 $303,700 $107,300 $196,400
2015 $4,495 $303,700 $107,300 $196,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72776634

MLS Property Information Network (MLS PIN)

APN: REVE-000010-001883B-000034A