NOT LISTED FOR SALE

Estimated Value: $614,000 - $719,454

3 Beds
2 Baths
1,891 Sq Ft
2.3 Acres

Last Sold August 15, 2016

Last sale price $420,000 $222 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,204/month

133 Days on Market

About This Home

As of August 2016

Rare opportunity to purchase this unique and spacious Three bedroom, two full bathroom bi-level loft with one deeded parking space in the most desirable loft community in Chelsea, known as The Spencer Lofts. This customized loft has $100,000 in upgrades and was architecturally designed. Stone counters, Birch cabinets, hardwood floors, recessed lights, a storage closet, 14 foot ceilings, a Japanese soaking tub, a walk-in closet and more. These lofts were converted from the Buster Brown Shoe Factory into residential lofts in 2004. These lofts feature all the creature comforts that one would expect, such as deeded parking, a gas range, in-unit laundry, forced hot air and a/c. The Spencer Lofts have a high owner occupancy ratio and home to the Spencer Lofts Art Gallery. Close Proximity to Boston with easy access via the commuter rail, MBTA bus routes. In the near future, the new Silver Line will be coming to Chelsea! Chelsea is only three miles from Boston.

Last Agent to Sell the Property

Jeff Bowen

eRealty Advisors, Inc. Listed on: 11/17/2015

eRealty Advisors, Inc.

Last Buyer's Agent

Kathryn Gustafson

Arborview Realty Inc.

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,006

Year Built

2004

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Below Grade, Street
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station, University
  • Electric: 100 Amps
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available, Intercom
  • Bedroom 2: Second Floor
  • Bedroom 3: First Floor
  • Bathroom #1: Basement
  • Bathroom #2: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Basement
  • Dining Room: First Floor
  • Family Room: First Floor
  • No Living Levels: 2

Exterior Features

  • Roof: Rubber
  • Construction: Brick, Stone/Concrete, Post & Beam
  • Exterior: Brick
  • Exterior Unit Features: Decorative Lighting, Gutters, Professional Landscaping, Sprinkler System
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Assigned, Deeded, Paved Driveway
  • Parking Spaces: 1

Utilities

  • Cooling: Central Air, Individual, Unit Control
  • Heating: Forced Air, Gas
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: The Spencer Lofts Condominium Trust
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Association Security: Intercom
  • Management: Professional - Off Site, Owner Association
  • Pets Allowed: Yes
  • No Units: 100
  • Unit Building: 103

Fee Information

  • Fee Interval: Monthly

Schools

  • Elementary School: Chelsea
  • Middle School: Chelsea
  • High School: Chelsea

Lot Info

  • Assessor Parcel Number: M:059 P:U103
  • Zoning: R3

Multi Family

  • Sq Ft Incl Bsmt: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2020
Sold by
Thomas Robert L and Thomas Brenda B
Bought by
Thomas Ft 2012
Current Estimated Value
$665,614

Purchase Details

Listed on
Nov 17, 2015
Closed on
Aug 15, 2016
Sold by
Seeley James J
Bought by
Thomas Robert L and Thomas Brenda B
Seller's Agent
Jeff Bowen
eRealty Advisors, Inc.
Buyer's Agent
Kathryn Gustafson
Arborview Realty Inc.
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$315,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2014
Closed on
Aug 4, 2014
Sold by
Finaly Timothy
Bought by
Seeley James J
Seller's Agent
Jeff Bowen
eRealty Advisors, Inc.
Buyer's Agent
Jeff Bowen
eRealty Advisors, Inc.
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.97%
Original Mortgage
$313,605
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2009
Sold by
Frisinger Stacy and Grisinger Gordon
Bought by
Finaly Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Spencer Lofts Llc
Bought by
Grisinger Gordon and Grisinger Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,850
Interest Rate
5.56%
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
Thomas Ft 2012 -- None Available
Thomas Ft 2012 -- None Available
Thomas Robert L $420,000 --
Seeley James J $345,000 --
Seeley James J $345,000 --
Finaly Timothy $318,000 --
Finaly Timothy $318,000 --
Grisinger Gordon $297,395 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Robert L $100,000
Previous Owner Thomas Robert L $315,000
Previous Owner Seeley James J $313,605
Previous Owner Finaly Timothy $224,000
Previous Owner Finaly Timothy $254,400
Previous Owner Grisinger Gordon $233,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $420,000 -1.2% $222 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $425,000 0.0% $225 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
11/17/2015 11/17/15 For Sale $425,000 +25.0% $225 / Sq Ft
08/04/2014 08/04/14 Sold $340,000 0.0% $180 / Sq Ft
05/26/2014 05/26/14 Pending -- -- --
05/19/2014 05/19/14 Off Market $340,000 -- --
05/13/2014 05/13/14 For Sale $350,000 -- $185 / 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 $7,006 $608,700 $0 $608,700
2024 $7,739 $650,300 $0 $650,300
2023 $7,551 $609,900 $0 $609,900
2022 $7,873 $594,200 $0 $594,200
2021 $7,787 $571,700 $0 $571,700
2020 $7,204 $538,000 $0 $538,000
2019 $6,880 $482,800 $0 $482,800
2018 $6,387 $453,000 $0 $453,000
2017 $5,306 $370,000 $0 $370,000
2016 $4,731 $332,000 $0 $332,000
2015 $4,668 $324,200 $0 $324,200
2014 $4,390 $295,000 $0 $295,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71933830

MLS Property Information Network (MLS PIN)

APN: CHEL-000059-000000-U000000-000103