10 Chestnut Street

Melrose, MA 02176

$1,300,000
Last Sold Price
7
Beds
4
Baths
4,467 Sq. Ft.
$291 / Sq. Ft.
4,467
Sq. Ft.
$291
per Sq. Ft.

Description

The duplex "owners" unit will now be vacant 9/1/23. Located on picturesque Chestnut Street in East Wyoming, just a stone's throw away from downtown Melrose & the commuter rail to Boston, you'll find this impressive 3-Unit building. A rare gem, this property presents an excellent opportunity for savvy investors to expand their portfolio or embark on an exceptional condo conversion project. With separate utilities, 4+ off-street parking spots, & 2-garage spots, it offers tremendous potential! The first...The duplex "owners" unit will now be vacant 9/1/23. Located on picturesque Chestnut Street in East Wyoming, just a stone's throw away from downtown Melrose & the commuter rail to Boston, you'll find this impressive 3-Unit building. A rare gem, this property presents an excellent opportunity for savvy investors to expand their portfolio or embark on an exceptional condo conversion project. With separate utilities, 4+ off-street parking spots, & 2-garage spots, it offers tremendous potential! The first level features a 3-bed/1-bath unit with a deck overlooking the backyard. The second level boasts the incredible "owner's unit," spanning two floors & offering 3 beds, 2 full baths, in-unit laundry, central air, & 2 private decks. Also, accessible from the second floor is the sunny 1-bed/1-bath third unit that provides ample storage. Below, you'll find 2 separate garage spaces and a spacious basement with a utility room, perfect for dedicated storage for each unit & storing yard/snow gear!

Property Details for 10 Chestnut Street

Town
Melrose
Area
MA-Melrose
Garage Spaces
2
Parking Spaces
4.00
Parking Spaces Total
6

Location

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LISTING UPDATED: 08/15/2023 01:14 PM

Property Details for 10 Chestnut Street

StatusSold
MLS #73118079
Days on Market56
Taxes$11,363 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1890
CountyMiddlesex County

Location

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Virtual Tour

Building Information for 10 Chestnut Street

Stories5Residences3Year Built1890Building Size-Lot Size0.13 AC / 5,785 SF

Payment Calculator

$8,042 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$947

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10 Chestnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Conservation Area, Highway Access, Public School, T-Station, Sidewalks
  • Current Financing: Cash
  • Living Area: 4467.0
  • Color: tan
  • SqFt with Basement: No
  • Total Units: 3
  • Property Condition: Unit 3 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Dishwasher, Microwave, Gas Water Heater, Utility Connections for Gas Dryer, Utility Connections Varies per Unit
  • Basement Features: Full, Walk Out, Garage Access, Concrete Floor, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Varies Per Unit, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Tile Floor, Hardwood Floors, Wall to Wall Carpet)
  • Interior Features: Other (See Remarks), Unit 1(Pantry, Open Floor Plan), Unit 2(Walk-In Closet), Unit 3(Pantry, Upgraded Countertops, Walk-In Closet, Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room
  • Interior Features: Other (See Remarks)
  • Laundry Features: Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Unit 1 Balcony/Deck
  • Exterior Features: Deck, Covered Patio/Deck
  • Lot Description: Gentle Sloping
  • Patio And Porch Features: Deck, Covered
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 3(Central Air)
  • Cooling: Yes
  • Electric: Individually Metered
  • Heating: Natural Gas, Electric, Unit 1(Hot Water Radiators, Gas), Unit 2(Gas), Unit 3(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Tenants will transfer with title. Townhouse style unit W&D & Island owned by tenants
Tax Information
  • Tax ID: M:0C5 P:0000047,653639
  • Assessments: $1,090,500
  • Book: 65445
  • Tax Year: 2023
  • Zoning: URB
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Block, Stone, Other
  • Heat Units: 3
Income / Expenses
  • GOI: $49,800.00
  • NOI: $49,800.00
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: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $7,000.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 10 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10 Chestnut Street

Taxable ValueLand$463,000Additions$684,100Total$1,147,100
Tax Record2024$11,391 ($949 / month)
Home Facts
Baths4Total Finished SqFt4,467 SqFtAbove Grade Finished SqFt4,467 SqFtUnfinished Basement SqFt1,142 SqFtStories3Lot Size5,785 SqFtStyleTriplexYear Built1890ZoningURBCountyMIDDLESEXAPNMELR M:0C5 P:0000047

Schools near 10 Chestnut Street

This home is within Melrose School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Hoover Elementary School
PublicK to 5

Winthrop Elementary School
PublicK to 5

Roosevelt Elementary School
PublicK to 5

Lincoln Elementary School
PublicK to 5

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.