NOT LISTED FOR SALE

83 Central Ave Chelsea, MA 02150

Bellingham Square Neighborhood

Estimated Value: $970,000 - $1,113,000

8 Beds
3 Baths
3,003 Sq Ft
$345/Sq Ft Est. Value

Last Sold February 09, 2023

Last sale price $914,000 $304 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,219/month

10 Days on Market

Highlights

  • City View
  • Tankless Water Heater
  • Heating System Uses Natural Gas
  • Porch

About This Home

As of February 2023

BACK ON THE MARKET!!!…GREAT LOCATION...GREAT INVESTMENT$$ 3 FAMILY IN DESIREABLE AREA. ONE 2 BEDROOM AND TWO 3 BEDROOM UNITS. THIRD FLOOR UNIT IS VACANT AND READY FOR A NEW TENANT OF YOUR CHOICE…FIRST AND SECOND FLOOR ARE OCCUPIED WITH TAW's. BUS STOP AT FRONT ENTRANCE! AIRPORT 20 MINUTES AWAY AND AIRPORT PARKING 2 BLOCKS AWAY! SHORT DRIVE TO REVERE.. EASY ACCESS TO ALL MAJOR ROUTES, DINING AND SHOPPING. FENCED IN BACK YARD WITH STORAGE SHED. UPDATED WATER HEATERS, NEWER ROOF. BASEMENT STORAGE. EASY PROPERTY TO MAINTAIN.

Last Agent to Sell the Property

Donna Shutts

Media Realty Group Inc. Listed on: 12/16/2022

Media Realty Group Inc.

Last Buyer's Agent

Team Chapman

Century 21 Marella Realty

Century 21 Marella Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,169

Year Built

  • Built in 1900

Lot Details

  • 2,763

Home Design

  • Stone Foundation

Interior Spaces

  • 3,003 Sq Ft Home
  • City Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas
  • 220 Volts
  • 100 Amp Service
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Porch
  • 2,763 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $4,500
  • Assessor Parcel Number M:021 P:026,1286532

Community Details

Overview

  • 3 Units
  • 6-Story Property

Building Details

  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,169

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • 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

  • Fireplace YN: No
  • Appliances: Washer, Dryer, Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3003
  • Stories Total: 6
  • MAIN LO: K95491
  • MAIN SO: BB9912

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Natural Gas
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:021 P:026,1286532
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2763
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8169

Multi Family

  • Net Operating Income: 54000
  • Number Of Units Total: 3
  • Total Actual Rent: 4500
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2022
Closed on
Feb 9, 2023
Sold by
Araya Ret and Araya
Bought by
Chapman Rakeem A and Chapman Tumelano
Seller's Agent
Donna Shutts
Media Realty Group Inc.
Buyer's Agent
Team Chapman
Century 21 Marella Realty
List Price
$899,000
Sold Price
$914,000
Premium/Discount to List
$15,000
1.67%
Views
56
Current Estimated Value
$1,024,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,355
Avg. Annual Appreciation
4.49%
Original Mortgage
$731,200
Outstanding Balance
$707,040
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$328,496

Purchase Details

Closed on
Feb 13, 2018
Sold by
Araya Mayra
Bought by
Araya Ret and Araya

Purchase Details

Closed on
Aug 2, 1985
Bought by
Araya Mayra R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chapman Rakeem A $914,000 None Available
Chapman Rakeem A $914,000 None Available
Araya Ret -- --
Araya Ret -- --
Araya Mayra R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman Rakeem A $731,200
Closed Chapman Rakeem A $731,200
Previous Owner Araya Mayra R $111,150
Previous Owner Araya Mayra R $117,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2023 02/09/23 Sold $914,000 +1.7% $304 / Sq Ft
12/27/2022 12/27/22 Pending -- -- --
12/16/2022 12/16/22 For Sale $899,000 -- $299 / 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 $10,152 $882,000 $171,500 $710,500
2024 $8,911 $748,800 $171,500 $577,300
2023 $8,037 $649,200 $155,900 $493,300
2022 $8,169 $616,500 $148,500 $468,000
2021 $7,883 $578,800 $141,400 $437,400
2020 $7,326 $547,100 $134,600 $412,500
2019 $6,732 $472,400 $134,600 $337,800
2018 $6,101 $432,700 $134,600 $298,100
2017 $5,836 $407,000 $134,600 $272,400
2016 $4,902 $344,000 $134,600 $209,400
2015 $4,257 $295,600 $117,100 $178,500
2014 $3,708 $249,200 $101,800 $147,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Donna Shutts

    Media Realty Group Inc.

    (774) 696-2230

    1 in this area

    12 Total Sales

    Donna Shutts
    Section Image

  • T

    Buyer's Agent in 2023

    Team Chapman

    Century 21 Marella Realty

    (781) 848-4740

    1 in this area

    2 Total Sales

    Team Chapman
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73065500

MLS Property Information Network (MLS PIN)

APN: CHEL-000021-000000-000026

Massachusetts Suffolk County Chelsea 02150 Bellingham Square

83 Central Ave, Chelsea, MA

Not Listed for Sale

MultiFamily

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