J
Seller's Agent in 2025
John Zhang
Boston Elite Realty Group
(781) 237-0562
1 in this area
6 Total Sales
53 Chestnut St Spencer, MA 01562
9
Beds
18
Baths
6,912
Sq Ft
2,660
Sq Ft Lot
About This Home
As of June 202515 residential units: (8)1br, (1)2br (6)boarding rooms; Additional commerical 1200 sft of retail/restaurant space on ground floor. Total new face and bone: Installed a strong customized roof brand new siding in July 2014; New professional restoration and fixation of the foundation and structures (Pls refer to the attached engineer documents for details). ~380k spent on the works. Just needs works to finish all the internal partitions and rehabs. But It is worth of the money and efforts. Sell AS-IS, buyer to perform own due diligence. Reduced price for quick sale, owner ran out of money to complete this project.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,079
Year Built
- Built in 1860
Lot Details
- 2,660 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
Interior Spaces
- 6,912 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
Community Details
- 99 Units
- Net Operating Income $131,976
Listing and Financial Details
- Total Actual Rent $10,998
- Assessor Parcel Number M:00U07 B:00235 L:00000,1692729
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2025
Closed on
Jun 26, 2025
Sold by
Spencer Real Estate Llc
Bought by
Chestnut Op Llc
Seller's Agent
John Zhang
Boston Elite Realty Group
Buyer's Agent
John Zhang
Boston Elite Realty Group
List Price
$395,000
Sold Price
$300,000
Premium/Discount to List
-$95,000
-24.05%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1179.44%
Purchase Details
Listed on
Jul 3, 2012
Closed on
Jul 31, 2012
Sold by
Rowan Rt
Bought by
Spencer Real Estates L
Seller's Agent
Greg Maiser
RE/MAX Prof Associates
Buyer's Agent
John Zhang
Boston Elite Realty Group
List Price
$50,000
Sold Price
$41,000
Premium/Discount to List
-$9,000
-18%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%
Purchase Details
Closed on
Mar 29, 2011
Sold by
53 Chestnut St Rt and Miller
Bought by
Rewan Rt and Miller
Purchase Details
Closed on
Apr 16, 2010
Sold by
Oklahoma Heritage Rt and Miller
Bought by
53 Chestnut Street Rt and Miller
Purchase Details
Closed on
Sep 4, 2008
Sold by
Gerace Scott T
Bought by
Oklahoma Heritage Rt and Miller
Purchase Details
Closed on
Jun 20, 2001
Sold by
Brayton Shelby
Bought by
Gerace Scott T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,330
Interest Rate
7.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 1997
Sold by
Prop Cooke
Bought by
Brayton Shelby
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,800
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 20, 1997
Sold by
Beaudreau Louise T
Bought by
Cooke Shaawn
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | -- | |
| Not Resolvable | $41,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $110,000 | -- | |
| Deed | $110,000 | -- | |
| Deed | $96,000 | -- | |
| Deed | $15,000 | -- | |
| Deed | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $29,330 | Commercial | |
| Previous Owner | $76,800 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $300,000 | -24.1% | $43 / Sq Ft |
| 05/05/2025 05/05/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | For Sale | $395,000 | +863.4% | $57 / Sq Ft |
| 07/27/2012 07/27/12 | Sold | $41,000 | -18.0% | $6 / Sq Ft |
| 07/03/2012 07/03/12 | For Sale | $50,000 | -- | $8 / 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 | $2,079 | $177,100 | $33,800 | $143,300 |
| 2024 | $1,905 | $166,500 | $33,800 | $132,700 |
| 2023 | $1,836 | $152,200 | $33,800 | $118,400 |
| 2022 | $1,869 | $142,000 | $30,800 | $111,200 |
| 2021 | $1,994 | $142,000 | $30,800 | $111,200 |
| 2020 | $2,030 | $143,800 | $30,800 | $113,000 |
| 2019 | $1,993 | $143,800 | $30,800 | $113,000 |
| 2018 | $1,930 | $143,800 | $30,800 | $113,000 |
| 2017 | $1,573 | $112,500 | $30,800 | $81,700 |
| 2016 | $1,493 | $104,500 | $30,100 | $74,400 |
| 2015 | $1,429 | $104,500 | $30,100 | $74,400 |
| 2014 | $1,374 | $104,500 | $30,100 | $74,400 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2025
Joanna Wu
Boston Elite Realty Group
(617) 388-1715
1 in this area
3 Total Sales
-
Seller's Agent in 2012
Greg Maiser
RE/MAX Prof Associates
(508) 797-2468
1 in this area
105 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73362674
APN: SPEN-000007U-000235
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