NOT LISTED FOR SALE

56 Newman Rd Unit 1 Malden, MA 02148

Bellrock Neighborhood

Estimated Value: $271,000 - $341,000

1 Bed
1 Bath
427 Sq Ft
$329/mo HOA Fee

Last Sold December 18, 2018

Last sale price $190,000 $445 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,929/month

7 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Corner Lot
  • In Ground Pool
  • Wood Flooring
  • Tennis Courts

About This Home

As of December 2018

Wonderful opportunity to purchase this conveniently located corner unit within few minutes from Malden Center T station, Assembly Row, Station Landing and soon to open Encore Casino. This unit features living room, bedroom, updated kitchen and bathroom. Unit has been freshly painted and all hardwood floors has been refinished. Parking is located just outside the building. Swimming Pool and Tennis court in the complex. Large extra storage in the basement. Steps away from Northern Strand Bike Path. Great Value!

Last Agent to Sell the Property

Martin Tokos

Coldwell Banker First Quality Realty Listed on: 11/28/2018

Coldwell Banker First Quality Realty

Last Buyer's Agent

Jill Jorgenson

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,693

Year Built

  • Built in 1955

HOA Fees

  • $329 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 427 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Wood Flooring
  • Intercom

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Hot Water Heating System
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • In Ground Pool
  • No Units Located Below

Listing and Financial Details

  • Assessor Parcel Number 594952

Community Details

Overview

  • Association fees include heat, water, insurance, security, maintenance structure, road maintenance, ground maintenance, snow removal, trash, reserve funds
  • 86 Units
  • Low-Rise Condominium
  • Village Green Condominiums Community

Amenities

  • Medical Services
  • Shops
  • Coin Laundry
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,693

Year Built

Built in 1955

Lot Details

0

HOA Fees

$329 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 1955
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Hardwood
  • Room Master Bedroom Area: 90
  • Bathroom 1 Area: 40
  • Bathroom 1 Features: Bathroom - Tiled With Shower Stall
  • Room Kitchen Area: 55
  • Laundry Features: In Building, In Unit
  • Room Living Room Area: 160
  • Room Living Room Features: Flooring - Hardwood
  • Living Area: 427
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: BB5859
  • LIST PRICE PER Sq Ft: 466.04
  • PRICE PER Sq Ft: 444.96
  • MAIN SO: an6181

Exterior Features

  • Common Walls: Corner, No One Below
  • Construction Materials: Frame, Brick
  • Pool Features: Association, In Ground
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: None
  • Heating: Hot Water
  • Cooling Y N: No
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Tennis Court(s), Storage
  • Association Fee: 329
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
  • UNIT BUILDING: 1
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: 594952
  • Zoning: Res B
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 579

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2692.6
  • Tax Book Number: 43395

Multi Family

  • Number Of Units Total: 86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2022
Sold by
Albano Michael A
Bought by
Cruz-Torres Nora I
Current Estimated Value
$301,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,300
Outstanding Balance
$222,108
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$63,121

Purchase Details

Listed on
Nov 28, 2018
Closed on
Dec 12, 2018
Sold by
Stetson-Fraczek Margo
Bought by
Albano Michael A
Seller's Agent
Martin Tokos
Coldwell Banker First Quality Realty
Buyer's Agent
Jill Jorgenson
Coldwell Banker Realty - Lynnfield
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Jul 29, 2004
Sold by
Clarke Scott R
Bought by
Merullo Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2002
Sold by
Fusco Jeffrey E
Bought by
Clarke Scott R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 1997
Sold by
Amor Abdellatif and Hammoud Sallam
Bought by
Fusco Jeffrey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,950
Interest Rate
7.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 1994
Sold by
Marine Midland Bk
Bought by
Amor Abdellatif and Hammoud Sallam

Purchase Details

Closed on
Jun 2, 1993
Sold by
Pladziewicz Mark E
Bought by
Marine Midland Bk Na
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
Cruz-Torres Nora I $257,000 None Available
Albano Michael A $190,000 --
Merullo Patricia A $105,000 --
Clarke Scott R $94,000 --
Fusco Jeffrey E $42,000 --
Amor Abdellatif $22,000 --
Marine Midland Bk Na $38,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz-Torres Nora I $231,300
Previous Owner Merullo Patricia A $84,000
Previous Owner Clarke Scott R $89,000
Previous Owner Marine Midland Bk Na $37,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2018 12/18/18 Sold $190,000 -4.5% $445 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
11/28/2018 11/28/18 For Sale $199,000 -- $466 / 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 $35 $305,200 $0 $305,200
2024 $2,889 $247,100 $0 $247,100
2023 $2,726 $223,600 $0 $223,600
2022 $2,697 $218,400 $0 $218,400
2021 $2,426 $197,400 $0 $197,400
2020 $2,401 $189,800 $0 $189,800
2019 $2,685 $202,300 $0 $202,300
2018 $2,693 $191,100 $0 $191,100
2017 $2,464 $173,900 $0 $173,900
2016 $2,492 $164,400 $0 $164,400
2015 $2,418 $153,700 $0 $153,700
2014 $2,412 $149,800 $0 $149,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72427682

MLS Property Information Network (MLS PIN)

APN: MALD-000068-000300-000219