NOT LISTED FOR SALE

Estimated Value: $1,164,000 - $1,215,008

9 Beds
3 Baths
3,078 Sq Ft
$385/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $1,030,000 $335 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,489/month

5 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Coin Laundry
  • Property is near public transit
  • Shops
  • 4-minute walk to Newman Park

About This Home

As of April 2023

A rare opportunity in a tight market to purchase this 3-famly property with over 3000 SF of living space, close to Malden Center, MBTA orange line, routes 1, 60, I93, shopping and restaurants. Each unit consists of 5 rooms, 3 bedrooms, 1 bath, a dine-in-kitchen with pantry, as well as gas heating and cooking. Coin op laundry in basement and plenty of storage. 2 parking spots in the driveway. Not to be missed! Great opportunity for investor or owner-occupant!

Last Agent to Sell the Property

Peter Scanlan

Coldwell Banker Realty - Belmont Listed on: 03/16/2023

Coldwell Banker Realty - Belmont

Last Buyer's Agent

Nick Daher

Broad Sound Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,438

Year Built

  • Built in 1900

Lot Details

  • 2,012 Sq Ft Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 3,078 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $4,800
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 596809

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,438

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry
  • Living Area: 3078
  • Stories Total: 6
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 324.24
  • PRICE PER Sq Ft: 334.63
  • MAIN SO: AN3502

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: 596809
  • Zoning: ResA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2012
  • Lot Size Units: Acres
  • PAGE: 125
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8438
  • Tax Book Number: 1352

Multi Family

  • Gross Income: 38400
  • Net Operating Income: 38400
  • Number Of Units Total: 3
  • Total Actual Rent: 4800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2008
Sold by
Deutsche Bank Natl T C
Bought by
Li Mingwei and Ma Yng
Current Estimated Value
$1,183,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Outstanding Balance
$1,520,530
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$336,778

Purchase Details

Closed on
Jun 19, 2007
Sold by
Rosa Edwin S and Mers
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Jul 31, 2000
Sold by
Chen Xue Jun and Zhu Hong Xin
Bought by
Rosa Edwin and Calix Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1999
Sold by
Falasca Daniel J
Bought by
Chen Xue Jun and Zhu Hong Xin
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
Li Mingwei $330,000 --
Deutsche Bank Natl T C $409,854 --
Rosa Edwin $278,000 --
Chen Xue Jun $193,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Carlson $85,100
Open Wang Carlson M $978,500
Closed Chen Xue Jun $270,000
Closed Chen Xue Jun $251,250
Open Li Mingwei $2,310,000
Previous Owner Rosa Edwin S $381,500
Previous Owner Calix Edgar S $40,000
Previous Owner Rosa Edwin $56,000
Previous Owner Rosa Edwin $15,000
Previous Owner Rosa Edwin A $280,000
Previous Owner Chen Xue Jun $278,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $1,030,000 +3.2% $335 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $998,000 -- $324 / 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 $97 $860,900 $259,400 $601,500
2024 $9,298 $795,400 $245,000 $550,400
2023 $9,324 $764,900 $223,400 $541,500
2022 $8,438 $683,200 $201,700 $481,500
2021 $8,801 $716,100 $180,100 $536,000
2020 $8,792 $695,000 $174,000 $521,000
2019 $8,295 $625,100 $165,700 $459,400
2018 $7,738 $549,200 $136,900 $412,300
2017 $7,040 $496,800 $131,500 $365,300
2016 $6,975 $460,100 $120,700 $339,400
2015 $6,627 $421,300 $114,900 $306,400
2014 $6,237 $387,400 $104,500 $282,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73088504

MLS Property Information Network (MLS PIN)

APN: MALD-000085-000408-000826