6-10 Chipman Avenue

Melrose, MA 02176

$790,000
Last Sold Price
5
Beds
3
Baths
1
1/2 Bath
3,279 Sq. Ft.
$241 / Sq. Ft.
3,279
Sq. Ft.
$241
per Sq. Ft.

Description

Mixed use Res/Com 4 unit property in red hot Melrose! Steps away from the vibrant Highlands business district with commuter rail station and within a mile of the Downtown shops and restaurants. The building is move-in ready and would be great income, condo conversion or owner/user property. Looking to start a business? You could do that and live here too. Present use is 3 residential apartments and 1 office space. The 3 apartments have been completely renovated over the past 2 years. Included is...Mixed use Res/Com 4 unit property in red hot Melrose! Steps away from the vibrant Highlands business district with commuter rail station and within a mile of the Downtown shops and restaurants. The building is move-in ready and would be great income, condo conversion or owner/user property. Looking to start a business? You could do that and live here too. Present use is 3 residential apartments and 1 office space. The 3 apartments have been completely renovated over the past 2 years. Included is off-street parking, laundry in-building, small outdoor space for grilling and more. Buyer to perform due diligence
  1. Listed by Derek Greene • The Greene Realty Group

Property Details for 6-10 Chipman Avenue

Town
Melrose
MLS Area
Melrose Highlands
Area
MA-Melrose-Melrose Highlands, MA-Melrose
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Add your commute
LISTING UPDATED: 08/06/2022 06:28 AM

Property Details for 6-10 Chipman Avenue

StatusSold
MLS #72026329
Days on Market114
Taxes$6,000 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1925
CountyMiddlesex County

Location

Add your commute

Building Information for 6-10 Chipman Avenue

Stories6Residences4Year Built1925Building Size-Lot Size0.09 AC / 3,777 SF

Payment Calculator

$4,811 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,311

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6-10 Chipman Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 3279.0
  • Color: Yellow
  • Total Units: 4
  • Property Condition: Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Appraiser
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 2(Range, Dishwasher, Disposal, Refrigerator), Unit 3(Range, Unit 4(Range, Disposal), Water Heater(Separate Booster), Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Basement Features: Walk Out, Interior Access, Concrete Floor
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Carpet, Varies Per Unit, Hardwood, Wood Laminate, Wall to Wall Carpet, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Wood Flooring, Stone/Ceramic Tile Floor), Unit 3(Tile Floor, Unit 4(Hardwood Floors, Wood Flooring)
  • Interior Features: Unit 2(Crown Molding, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet, Bathroom With Tub & Shower), Unit 3(Crown Molding, Unit 4(Crown Molding, Unit 1 Rooms(Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room, Washer Hookup
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Shared Driveway, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating: Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Office/commercial space is owner occupied and is being used for storage.
Tax Information
  • Tax ID: M:C12 P:0000024,658980
  • Assessments: $455,200
  • Book: 15943
  • Tax Year: 2016
  • Zoning: BA-2
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Foundation Area: 1600.0
  • Frontage: 47.00
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 1
  • Heat Zones: 4
Income / Expenses
  • Electricity: $400.00
  • Annual Expenses Source: Owner
  • GOI: $45,600.00
  • GRE: $3,200
  • HTE: $2,800
  • NOI: $42,400.00
  • Operating Expense: $3,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,800.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 6-10 Chipman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6-10 Chipman Avenue

Taxable ValueLand$436,200Additions$574,100Total$1,010,300
Home Facts
Baths3.5Total Finished SqFt3,226 SqFtAbove Grade Finished SqFt3,226 SqFtUnfinished Basement SqFt1,572 SqFtStories2Lot Size3,777 SqFtStyleOffice BuildingYear Built1925Year Renovated1980ZoningBA2CountyMIDDLESEXAPNMELR M:C12 P:0000024

Schools near 6-10 Chipman Avenue

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
Horace Mann Elementary School
PublicK to 5

Winthrop Elementary School
PublicK to 5

Lincoln Elementary School
PublicK to 5

Roosevelt 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 The Greene Realty Group, Derek Greene

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.