87 Forest Street

Medford, MA 02155

$1,600,000
Price
9
Beds
4
Baths
4,480 Sq. Ft.
$357 / Sq. Ft.
4,480
Sq. Ft.
$357
per Sq. Ft.

Description

Discover the perfect blend of comfort, convenience, and potential in this exceptional three-family residence nestled in Medford. Located a quarter of a mile from Medford square, a half mile from the Middlesex Fells Reservation, and easy access to Route 93 for seamless commuting to the city, this property offers the ideal balance of urban amenities and suburban tranquility. With the first floor vacant, it is ready to be transformed into your dream living space. Seize the opportunity to customize a...Discover the perfect blend of comfort, convenience, and potential in this exceptional three-family residence nestled in Medford. Located a quarter of a mile from Medford square, a half mile from the Middlesex Fells Reservation, and easy access to Route 93 for seamless commuting to the city, this property offers the ideal balance of urban amenities and suburban tranquility. With the first floor vacant, it is ready to be transformed into your dream living space. Seize the opportunity to customize a stylish owner-occupied unit with rental income potential, or a savvy investment opportunity, the possibilities are endless. The second and third floor units have existing TAW, providing immediate income potential. Benefit from rental income while exploring further expansion or renovation opportunities to add value. Each unit has 3 bedrooms, 1 bathroom, stainless steel appliances, hardwood floors, private outdoor space and several parking spaces. Gas and Electricity are already separated!
  1. Listed by Sean Loughran • Senne

Property Details for 87 Forest Street

Town
Medford
Area
MA-Medford
Style
Garden
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8

Location

Listing Courtesy of Senne, Sean Loughran
Add your commute
LISTING UPDATED: 04/23/2024 02:53 PM

Property Details for 87 Forest Street

StatusUnder Agreement
MLS #73221183
Days on Market15
Taxes$12,640 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Up/Down
Year Built1893
CountyMiddlesex County

Location

Listing Courtesy of Senne, Sean Loughran
Add your commute

Building Information for 87 Forest Street

Stories6Residences3Year Built1893Building Size-Lot Size0.36 AC / 15,471 SF

Payment Calculator

$9,785 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,053

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 87 Forest Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, University
  • Living Area: 4480.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Oven
  • Basement Features: Full, Bulkhead, Concrete Floor
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceFeatures: Wood Burning
  • FireplaceYN: Yes
  • Fireplaces: 3
  • Flooring: Wood, Hardwood
  • Interior Features: Laundry Room, Mudroom, Ceiling Fan(s), Crown Molding, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Storage, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Exterior Features: Balcony/Deck, Rain Gutters, Garden
  • Exterior Features: Garden Area, Porch, Porch - Enclosed, Deck, Deck - Roof, Patio
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch, Enclosed, Deck, Deck - Roof, Patio
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Leased, Assigned
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Leased, Assigned
  • Parking Features: Off-Street, Leased, Assigned
Utilities
  • Cooling: Central Air, Window AC
  • Cooling: Yes
  • Electric: 200+ Amp Service, Individually Metered
  • Heating: Hot Water, Natural Gas, Radiant, Steam
  • Heating: Yes
  • 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: Listing Agent is related to the Sellers
Tax Information
  • Tax ID: 636464
  • Assessments: $1,484,800
  • Book: 48914
  • Tax Year: 2023
  • Zoning: GR
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 1
  • Cooling Zones: 1
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $61,800.00
  • NOI: $61,800.00
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: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,150.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 87 Forest 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 87 Forest Street

Taxable ValueLand$422,400Additions$1,018,700Total$1,441,100
Tax Record2023$12,466 ($1,039 / month)
Home Facts
Baths3Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt4,480 SqFtStories2Lot Size15,471 SqFtStyleTriplexYear Built1893CountyMIDDLESEXAPNMEDF M:K-10 B:0022

Schools near 87 Forest Street

This home is within Medford School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Roberts Elementary School
PublicPK to 5

Andrews Middle School
Public6 to 8

Medford High School
Public9 to 12

John J. Mcglynn Middle School
Public6 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 Senne, Sean Loughran

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.