NOT LISTED FOR SALE

61 Addison St Chelsea, MA 02150

Addison-Orange Neighborhood
9 Beds
5 Baths
3,684 Sq Ft
2,870 Sq Ft Lot

Last Sold May 21, 2024

Last sale price $1,300,000 $353 Per Sq Ft

59 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Shops
  • Property is near public transit
  • Corner Lot
  • 1-minute walk to Judie Dyer Park

About This Home

As of May 2024

This 2-story brick & vinyl residential building boasts rentable square footage of 3,684± and a total gross square footage of 5,784± and presents a nice unit mix of two (2) one-bedrooms, two (2) two-bedrooms, one (1) three-bedroom. The property was fully renovated in 2014 and sprinkled, featuring high ceilings, large floor plans and sun filled apartments. Utilities are separately metered and the landlord pays for water/sewer. Two (2) apartments are heated by gas fired forced air and three (3) apartments are heated by electric baseboard. 61 Addison Street offers investors an opportunity to acquire a critical location within an urban dense area in one of the strongest transit-oriented Metro Boston neighborhoods.

Last Agent to Sell the Property

Michael McCarthy

North Shore Realty Advisors Listed on: 11/28/2023

Co-Listed By

Dan Pouladian

North Shore Realty Advisors

Last Buyer's Agent

Eugene Diaz

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,555

Year Built

  • Built in 1900

Lot Details

  • 2,870 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 3,684 Sq Ft Home
  • Property has 1 Level
  • Partial Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $12,250
  • Assessor Parcel Number M:056 P:120,1288524

Community Details

Overview

  • 5 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Electric Expense $222
  • Insurance Expense $4,859
  • Water Sewer Expense $5,415
  • Operating Expense $28,165
  • Net Operating Income $105,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,555

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile, Hardwood, Vinyl / VCT
  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Partial
  • Living Area: 3684
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN7007
  • MAIN SO: M59500

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5415

Lot Info

  • Parcel Number: M:056 P:120,1288524
  • Zoning: BR
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2870
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12555

Multi Family

  • Electric Expense: 222
  • Insurance Expense: 4859
  • Net Operating Income: 105252
  • Number Of Units Total: 5
  • Operating Expense: 28165
  • Total Actual Rent: 12250
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $1,300,000 0.0% $353 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/19/2024 01/19/24 Price Changed $1,300,000 -6.8% $353 / Sq Ft
01/02/2024 01/02/24 Price Changed $1,395,000 -3.8% $379 / Sq Ft
11/28/2023 11/28/23 For Sale $1,450,000 -- $394 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael McCarthy

    North Shore Realty Advisors

    Section Image
  • Dan Pouladian

    Seller Co-Listing Agent in 2024

    Dan Pouladian

    North Shore Realty Advisors

    (617) 548-7737

    1 in this area

    27 Total Sales

    Dan Pouladian
    Section Image

  • E

    Buyer's Agent in 2024

    Eugene Diaz

    Coldwell Banker Realty - Lynnfield

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73183222

MLS Property Information Network (MLS PIN)
Massachusetts Suffolk County Chelsea 02150 Addison-Orange

61 Addison St, Chelsea, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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