4 Chestnut Park

Melrose, MA 02176

$1,405,000
Last Sold Price
7
Beds
3
Baths
3,622 Sq. Ft.
$388 / Sq. Ft.
3,622
Sq. Ft.
$388
per Sq. Ft.

Description

Incredible fully occupied 3-Family investment opportunity in Wyoming Heights section of Melrose. This Queen-Anne Victorian showcases 1st & 3rd floor 2bedroom units and a 2nd floor 3bedroom unit. High ceilings, hardwood flooring, and a time capsule featuring beautiful interior wood work. Separate utilities, including gas heating for all units and Central AC on the 3rd floor unit. All 3 apartments include in-unit laundry. Full basement for tenant storage. Location, Location, Location! Close to bus,...Incredible fully occupied 3-Family investment opportunity in Wyoming Heights section of Melrose. This Queen-Anne Victorian showcases 1st & 3rd floor 2bedroom units and a 2nd floor 3bedroom unit. High ceilings, hardwood flooring, and a time capsule featuring beautiful interior wood work. Separate utilities, including gas heating for all units and Central AC on the 3rd floor unit. All 3 apartments include in-unit laundry. Full basement for tenant storage. Location, Location, Location! Close to bus, train and commuter rail. Less than 1/2 mile to downtown Melrose ammenities. Two off-street driveways to corral 2 parking spaces per unit. Floor plans attached. Add to your investment portfolio, 1031 Exchange or consider potential condo conversion. Due to full occupancy, please refer to Open House times for all showings - 11am-1230pm Saturday/Sunday.
  1. Listed by Sean Page • Signature Page Real Estate, LLC

Property Details for 4 Chestnut Park

Town
Melrose
Area
MA-Melrose
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Signature Page Real Estate, LLC, Sean Page

Sold By At Home Realty, Inc., Mark Linsky

Add your commute
LISTING UPDATED: 04/02/2024 01:32 PM

Property Details for 4 Chestnut Park

StatusSold
MLS #73201963
Days on Market8
Taxes$11,727 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1894
CountyMiddlesex County

Location

Listing Courtesy of Signature Page Real Estate, LLC, Sean Page

Sold By At Home Realty, Inc., Mark Linsky

Add your commute

Building Information for 4 Chestnut Park

Stories6Residences3Year Built1894Building Size-Lot Size0.15 AC / 6,634 SF

Payment Calculator

$8,645 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,668

Property Taxes

$977

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4 Chestnut Park

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Highway Access, T-Station
  • Current Financing: Cash
  • Living Area: 3622.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Basement Features: Full, Walk Out, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Wood, Tile
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Porch - Screened, Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Screened, Deck
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: 2nd Unit bathroom needs renovation. Rubber roof recently replaced. Any ceiling stains from prior rubber roof leak. All leases run through end of August 2024.
Tax Information
  • Tax ID: 653872
  • Assessments: $1,181,000
  • Book: 71620
  • Tax Year: 2024
  • Zoning: URA
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 1
  • Heat Units: 3
Income / Expenses
  • GOI: $78,900.00
  • NOI: $78,900.00
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: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,575.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 4 Chestnut Park

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4 Chestnut Park

Taxable ValueLand$467,300Additions$713,700Total$1,181,000
Tax Record2024$11,727 ($977 / month)
Home Facts
Baths3Total Finished SqFt3,622 SqFtAbove Grade Finished SqFt3,622 SqFtUnfinished Basement SqFt1,264 SqFtStories3Lot Size6,634 SqFtStyleTriplexYear Built1894ZoningURACountyMIDDLESEXAPNMELR M:0C6 P:0000128Fireplace TypeHas Fireplace

Schools near 4 Chestnut Park

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
Winthrop Elementary School
PublicK to 5

Hoover 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.

Listing Courtesy of Signature Page Real Estate, LLC, Sean Page

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.