Sold
Last Sold Price
9 beds3,684 sqft
61 Addison St, Chelsea, MA 02150
Multi FamilyProperty Type
0.07 acresLot Size
1900Year Built
$353/sq ftPrice per sq ft

Description

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...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.
  • Listed by: Michael McCarthy • North Shore Realty Advisors
  • Listed by: Dan Pouladian • North Shore Realty Advisors
Listing closed: 05/21/2024 12:00 AM • Source: MLS PIN, MLS#: 73183222

Recent comparable sales

Median sold price

$1,170,000

Avg days on market

50

Sale-to-list ratio

98.3%

Chelsea, MA

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Location

Listing Courtesy of North Shore Realty Advisors, Michael McCarthy; North Shore Realty Advisors, Dan Pouladian
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Property Taxes

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Property Information for 61 Addison Street

Property Details
  • Taxes: $12,555 / year
  • MLS Type: Multi-family / 5-9 Family
  • Town: Chelsea
  • Area: MA-Chelsea
  • Garage Spaces: 0
  • Parking Spaces Total: 0
Building Information
  • Stories: 4
  • Residences: 5
  • Year Built: 1900
  • Lot Size: 0.07 AC / 2,870 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 3684.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Partial
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood, Vinyl / VCT
  • SpaYN: No
Exterior Features
  • Lot Description: Corner Lot
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: 2 apartments heated by gas fired forced air and 3 apartments are heated by electric baseboard. Building completely rehabbed in 2014 and fully sprinkled.
Tax Information
  • Tax ID: M:056 P:120,1288524
  • Assessments: $1,014,100
  • Book: 611
  • Tax Year: 2023
  • Zoning: BR
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $222.00
  • Annual Expenses Source: Owner
  • GOI: $147,000.00
  • Gross Scheduled Income: $615.00
  • Insurance: $4,859.00
  • GRE: $28,165
  • MGF: $6,983
  • RME: $2,500
  • NOI: $105,252.00
  • Operating Expense: $28,165.00
  • WSE: $5,415.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Lease U4: Y
Rental Info
Rental Info
  • Total Actual Rent: $12,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 61 Addison Street

DateEvent & SourcePriceAppreciation
May 21, 2024

Sold

MLS PIN #73183222

$1,300,000
Jan 27, 2024

Under Agreement

MLS PIN #73183222

Jan 27, 2024

Contingent

MLS PIN #73183222

DateEvent & SourcePrice
05/21/2024

Sold

MLS PIN #73183222

$1,300,000
01/27/2024

Under Agreement

MLS PIN #73183222

01/27/2024

Contingent

MLS PIN #73183222

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 61 Addison Street

Taxable ValueLand$210,500Additions$1,070,900Total$1,281,400
Tax Record2026$14,710 ($1,226 / month)
Home Facts
Baths6Total Finished SqFt3,684 SqFtAbove Grade Finished SqFt3,684 SqFtUnfinished Basement SqFt1,842 SqFtStories2Lot Size2,870 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1900ZoningBRCountySUFFOLKAPNCSEA M:056 P:120

Schools near 61 Addison Street

This home is within Chelsea School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 5 to 8
Public - 5 to 8
Rating
School
Distance
Clark Avenue School
Public5 to 8

Chelsea High School
Public9 to 12

Joseph A. Browne School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 61 Addison Street, Chelsea, MA 02150
$1,300,000
9
3,684
2,870
$420,000
7
2,365
3,020
3
2,184
2,877
$872,000
6
3,117
2,145
$610,000
6
3,556
2,095
$572,000
6
3,213
2,215

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of North Shore Realty Advisors, Michael McCarthy; North Shore Realty Advisors, Dan Pouladian

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.