NOT LISTED FOR SALE

Estimated Value: $955,000 - $1,199,077

9 Beds
3 Baths
3,339 Sq Ft
$317/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $765,000 $229 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,681/month

2 Days on Market

About This Home

As of October 2019

Take full advantage of owning this fully tenanted, cash-flowing three family in Chelsea. Located conveniently close to downtown with amenities surrounding every corner. Each unit is a three-bedroom, one bathroom with a fully functioning kitchen, living room area, and dining space. Basement space includes storage and fully separated utilities for each unit. 87 Marlborough is under a 10-minute walk to the "Chelsea" stop on the "Newbury/Rockport" Purple Line. It is also a half-mile to Rt. 1 which leads to I-90, I-93, I-95, and Downtown Boston. Own a functioning income property directly outside of Boston today! Offers due Sunday 8/11 at 7 pm.

Last Agent to Sell the Property

Christian Murray

North Corner Realty Listed on: 08/06/2019

Last Buyer's Agent

Joe Parrish

EVO Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,035

Year Built

  • Built in 1900

Lot Details

  • 2,614

Additional Features

  • Wood Flooring
  • Patio
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,035

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Insc: 2500
  • Year Built Description: Actual
  • List Price Per Sq Ft: 215.63
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 6
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full, Unfinished Basement
  • Main Lo: AN4078
  • Main So: BB3572
  • Estimated Sq Ft: 3339.00

Exterior Features

  • Construction: Frame
  • Roof Material: Rubber
  • Exterior: Vinyl
  • Exterior Features: Patio
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Individually Metered
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Electric Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Laundromat, Highway Access, Public School, T-Station

Schools

  • Elementary School: Berkowitz
  • Middle School: Clark
  • High School: Chelsea High

Lot Info

  • Assessments: 443600.00
  • Acre: 0.06
  • Lot Size: 2600.00
  • Page: 200
  • Zoning: R3
  • Lot Description: Level

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 4800
  • Total Rms: 15
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 6254.76
  • Assessor Parcel Number: 1287283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Oct 22, 2019
Sold by
Varone Peter J
Bought by
M & L Colton Holdings Llc
Seller's Agent
Christian Murray
North Corner Realty
Buyer's Agent
Joe Parrish
EVO Real Estate Group, LLC
List Price
$720,000
Sold Price
$765,000
Premium/Discount to List
$45,000
6.25%
Current Estimated Value
$1,057,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,269
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Jan 9, 2015
Sold by
Varone Peter
Bought by
Varone Peter J
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
M & L Colton Holdings Llc $765,000 --
Varone Peter J -- --
Varone Peter J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varone Peter J $100,000
Previous Owner Varone Peter J $247,025
Previous Owner Varone Peter J $185,000
Previous Owner Fabiano Ann D $170,000
Previous Owner Varone Peter $72,970
Previous Owner Varone Peter $190,000
Previous Owner Varone Peter $136,500
Previous Owner Varone Peter $78,400
Previous Owner Varone Peter $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2019 10/22/19 Sold $765,000 +6.3% $229 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $720,000 0.0% $216 / Sq Ft
03/01/2016 03/01/16 Rented $1,500 -3.2% --
02/19/2016 02/19/16 Under Contract -- -- --
01/16/2016 01/16/16 For Rent $1,550 -- --
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 $11,035 $958,700 $167,100 $791,600
2024 $11,409 $958,700 $167,100 $791,600
2023 $10,953 $884,700 $151,900 $732,800
2022 $9,480 $715,500 $144,700 $570,800
2021 $9,143 $671,300 $137,800 $533,500
2020 $7,531 $562,400 $131,200 $431,200
2019 $6,914 $485,200 $131,200 $354,000
2018 $6,255 $443,600 $131,200 $312,400
2017 $5,974 $416,600 $131,200 $285,400
2016 $4,996 $350,600 $131,200 $219,400
2015 $4,694 $326,000 $114,100 $211,900
2014 $4,082 $274,300 $99,200 $175,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72545731

MLS Property Information Network (MLS PIN)

APN: CHEL-000030-000000-000074