79-81 Wolcott Street

Malden, MA 02148

$888,888
Price
9
Beds
3
Baths
3,227 Sq. Ft.
$275 / Sq. Ft.
3,227
Sq. Ft.
$275
per Sq. Ft.

Description

Discover the perfect blend of comfortable living and smart investing in Malden's desirable Forestdale neighborhood! This de-leaded, versatile two-family home is ideal for both owner-occupants & pure investors. Live in one of the spacious units & enjoy supplemental income from the other, or rent out both for $60K+ in income. The property features 13 rooms over 3 levels. The first unit includes 3 large beds, elegant h/wood floors, & a modern kitchen. The upper unit expands over 2 levels with 6 bedrooms...Discover the perfect blend of comfortable living and smart investing in Malden's desirable Forestdale neighborhood! This de-leaded, versatile two-family home is ideal for both owner-occupants & pure investors. Live in one of the spacious units & enjoy supplemental income from the other, or rent out both for $60K+ in income. The property features 13 rooms over 3 levels. The first unit includes 3 large beds, elegant h/wood floors, & a modern kitchen. The upper unit expands over 2 levels with 6 bedrooms & additional space for a home office or storage. Investors will appreciate the strong rental potential in a desirable area, while owner-occupants will love the balance of personal space & income. Conveniently located near schools, shopping, & public transportation (including the Orange Line at Malden Center), this property offers a lucrative purchase opportunity. Seize this unique living & investment opportunity!
  1. Listed by Declan O'Toole • SelectRE Boston

Property Details for 79-81 Wolcott Street

Town
Malden
MLS Area
Forestdale
Area
MA-Malden-Forestdale, MA-Malden
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of SelectRE Boston, Declan O'Toole
Add your commute
LISTING UPDATED: 05/11/2024 08:02 AM

Property Details for 79-81 Wolcott Street

StatusUnder Agreement
MLS #73236264
Days on Market1
Taxes$9,453 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1920
CountyMiddlesex County

Location

Listing Courtesy of SelectRE Boston, Declan O'Toole
Add your commute

Building Information for 79-81 Wolcott Street

Stories3Residences2Year Built1920Building Size-Lot Size0.08 AC / 3,332 SF

Payment Calculator

$5,639 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,851

Property Taxes

$788

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 79-81 Wolcott Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Living Area: 3227.0
  • Color: Grey
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • High School: Malden High
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Full, Interior Access
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Laminate, Hardwood
  • Interior Features: Lead Certification Available, Storage, Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen, Sunroom
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch - Enclosed
  • Lot Description: Level
  • Patio And Porch Features: Enclosed
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Central, Natural Gas, Unit Control
  • Heating: Yes
  • Sewage District: BOS
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven
  • Water: Public
Property Information
Property Info
  • UFFI: No
  • 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: Deleaded with Cert for 79 Wolcott in-hand
Tax Information
  • Tax ID: M:093 B:703 L:317,597603
  • Assessments: $775,500
  • Book: 66709
  • Tax Year: 2023
  • Zoning: ResA
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
  • Foundation Area: 0.0
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • Electricity: $.00
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $60,600.00
  • Gross Scheduled Income: $.00
  • GRE: $10,118
  • HTE: $0
  • MGF: $2,700
  • MSE: $4,077
  • RFS: $0
  • RME: $1,005
  • NOI: $50,482.00
  • Operating Expense: $10,118.00
  • WSE: $2,336.00
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: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $5,050.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 79-81 Wolcott 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 79-81 Wolcott Street

Taxable ValueLand$268,300Additions$564,800Total$833,100
Tax Record2024$9,739 ($812 / month)
Home Facts
Baths4Total Finished SqFt3,227 SqFtAbove Grade Finished SqFt3,227 SqFtUnfinished Basement SqFt1,337 SqFtStories2Lot Size3,332 SqFtStyleDuplexYear Built1920ZoningRESACountyMIDDLESEXAPNMALD M:093 B:703 L:317

Schools near 79-81 Wolcott Street

This home is within Malden School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Salemwood School
PublicK to 8

Malden High School
Public9 to 12

Forestdale School
PublicK to 8

Ferryway School
PublicK 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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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 SelectRE Boston, Declan O'Toole

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.