NOT LISTED FOR SALE

Estimated Value: $987,000 - $2,034,000

12 Beds
6 Baths
6,068 Sq Ft
$225/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $1,740,000 $287 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $8,255/month

32 Days on Market

About This Home

As of June 2021

GROUP SHOWING - SATURDAY APRIL 3RD FROM 11 AM TO 12:30 PM. REGISTER WITH AGENT PLEASE. Rare and Beautiful income producing cash cow!! This corner brick, 6 unit, in red hot Chelsea is the one you've been waiting for. The building has 2 street addresses. 51 Shurtleff and 58 Essex, please look up both address for public record information. All 6 units are Fully occupied with TAW. Chelsea is poised for growth and opportunity. Chelsea is just 7 minutes from Boston, and minutes to the airport. Chelsea has a strong demand for rentals. The property is well maintained and has lots of value add opportunity for the savvy investor. This one will not last. All investors looking for the perfect 1031 act fast. This is also the perfect buy to start your rental portfolio. Sold as is where is, with tenants.

Last Agent to Sell the Property

Robert Saenz

Byrnes Real Estate Group LLC Listed on: 03/29/2021

Last Buyer's Agent

Rose Hall

Blue Ocean Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,652

Year Built

  • Built in 1920

Lot Details

  • 2,614

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:020 P:184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,652

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 292.52
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Total Flrs: 9
  • No Bedrooms: 12
  • Total Brs: 12
  • Full Bathrooms: 6
  • Total Fbh: 6
  • No Rooms: 23
  • Basement: Y
  • Main Lo: AN5773
  • Main So: AN2056
  • Estimated Sq Ft: 6068.00

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Foundation: Fieldstone, Brick

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Amenities: Public Transportation, Park, Public School

Lot Info

  • Assessments: 648500.00
  • Acre: 0.06
  • Lot Size: 2664.00
  • Page: 239
  • Parcel Number: M:020 P:184
  • Zoning: R3
  • Lot Description: Corner

Multi Family

  • Total Levels: 5
  • Total Rent: 10740
  • Total Rms: 28
  • No Units: 6
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 8683.00
  • Assessor Parcel Number: 1286500
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2019
Sold by
Alex Ronald J
Bought by
51 Shurtleff Llc
Current Estimated Value
$1,367,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
51 Shurtleff Llc $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 58 Chelsea Llc $1,150,000
Closed 58 Chelsea Llc $1,150,000
Closed 51 Shurtleff Llc $1,228,000
Previous Owner Alex Ronald J $167,000
Previous Owner Alex Ronald J $164,500
Previous Owner Alex Ronald J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $1,740,000 -2.0% $287 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/14/2021 04/14/21 Price Changed $1,775,000 -1.3% $293 / Sq Ft
03/29/2021 03/29/21 For Sale $1,799,000 -- $296 / 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 $9,652 $838,600 $130,300 $708,300
2024 $9,979 $838,600 $130,300 $708,300
2023 $9,583 $774,100 $118,500 $655,600
2022 $9,707 $732,600 $112,900 $619,700
2021 $9,351 $686,600 $107,500 $579,100
2020 $8,683 $648,500 $102,400 $546,100
2019 $7,746 $543,600 $102,400 $441,200
2018 $6,916 $490,500 $102,400 $388,100
2017 $6,539 $456,000 $102,400 $353,600
2016 $5,321 $373,400 $102,400 $271,000
2015 $3,995 $277,400 $89,000 $188,400
2014 $3,467 $233,000 $77,400 $155,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72805430

MLS Property Information Network (MLS PIN)

APN: CHEL-000020-000000-000184