NOT LISTED FOR SALE

Estimated Value: $509,000 - $699,000

1 Bed
1 Bath
1,778 Sq Ft
2.3 Acres

Last Sold May 26, 2016

Last sale price $375,000 $211 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,989/month

20 Days on Market

About This Home

As of May 2016

Rare opportunity to purchase this unique and spacious ONE bedroom, one bath bi-level loft with one deeded parking space in the most desirable loft community in Chelsea, known as The Spencer Lofts. 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. Starbucks, Mystic Brewery, Ciao, Fusion Foods, Floramos and the Newbridge Café are a few of my favorite local restaurants. The 8th annual Chelsea Art Walk is this summer and there is even Apollinaire Theater Company here! Come see the new Chelsea and don't get priced out!

Last Agent to Sell the Property

Jeff Bowen

eRealty Advisors, Inc. Listed on: 03/10/2016

eRealty Advisors, Inc.

Last Buyer's Agent

Joseph Addario

Coldwell Banker Realty - Lynnfield License #454000624

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,928

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
  • Interior Amenities: Cable Available, Intercom
  • Bedroom 2: Basement
  • Bathroom #1: Basement
  • 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: 104

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

Listed on
Mar 10, 2016
Closed on
May 26, 2016
Sold by
Parker Kamau
Bought by
Edgett Adam and Shepherd Emily
Seller's Agent
Jeff Bowen
eRealty Advisors, Inc.
Buyer's Agent
Joseph Addario
Coldwell Banker Realty - Lynnfield
List Price
$389,000
Sold Price
$375,000
Premium/Discount to List
-$14,000
-3.6%
Current Estimated Value
$627,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,271
Avg. Annual Appreciation
6.00%
Original Mortgage
$318,750
Outstanding Balance
$254,459
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$389,365

Purchase Details

Closed on
Mar 28, 2012
Sold by
Eveleth Brenton G
Bought by
Parker Kamau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,965
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 2008
Sold by
Eveleth Brenton G and Barthelman Kristin J
Bought by
Eveleth Brenton G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,715
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2004
Sold by
Spencer Lofts Condo
Bought by
Eveleth Brenton G and Barthelman Kristin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,220
Interest Rate
5.56%
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
Edgett Adam $375,000 --
Parker Kamau $258,000 --
Parker Kamau $258,000 --
Eveleth Brenton G -- --
Eveleth Brenton G -- --
Eveleth Brenton G $280,275 --
Eveleth Brenton G $280,275 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgett Adam $318,750
Closed Edgett Adam $318,750
Previous Owner Parker Kamau $248,965
Previous Owner Eveleth Brenton G $271,715
Previous Owner Eveleth Brenton G $224,220
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2016 05/26/16 Sold $375,000 -3.6% $211 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $389,000 -- $219 / 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 $6,928 $601,900 $0 $601,900
2024 $7,649 $642,800 $0 $642,800
2023 $7,460 $602,600 $0 $602,600
2022 $7,776 $586,900 $0 $586,900
2021 $7,688 $564,500 $0 $564,500
2020 $7,110 $531,000 $0 $531,000
2019 $6,407 $449,600 $0 $449,600
2018 $5,949 $421,900 $0 $421,900
2017 $4,924 $343,400 $0 $343,400
2016 $4,390 $308,100 $0 $308,100
2015 $4,332 $300,800 $0 $300,800
2014 $4,074 $273,800 $0 $273,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71970812

MLS Property Information Network (MLS PIN)

APN: CHEL-000059-000000-U000000-000104