13 Preston Street

Active

13 Preston Street, Malden, MA 02148

$475,000
 for Sale at 13 Preston Street, Malden, MA 02148

Open House: Sat Jun 3, 5AM - 7AM

3

 for Sale at 13 Preston Street, Malden, MA 02148
 for Sale at 13 Preston Street, Malden, MA 02148
 for Sale at 13 Preston Street, Malden, MA 02148
$475,000
5
Beds
2
Baths
Half Bath
Ft²
$/ft²
0.07
Acres
Cap Rate
Est. Monthly
Cap Rate
11.89%
Est. Monthly
$2,876
GREAT OPPORTUNITY FOR INVESTOR/CONTRACTOR or someone willing to do sweat equity.  Situated in a well established neighborhood with lovely homes, its proximity makes easy access to highways and the downtown.  This house has great "bones", generous size rooms, large kitchen, formal dining room, living room and plenty of bedrooms and finished walk-up attic.  There is a generous side yard for gardens and entertaining. There is no warranty or representation regarding systems, but work has been done in the past.  House needs extensive cleanout and cosmetic work.   After renovations the house is well worth the investment.  All offers will be due until 5:00 on June 12. SALE IS BY FIDUCIARY AND IS SUBJECT...

LISTING AGENT

Debra GoldbergWilliam Raveis R.E. & Home Services

Building Info

Overview

This property was built in 1920.

General

  • Year Built

    1920
  • Actual Year Built

    1920
  • Building Count

    1
  • Total Rooms

    10.00
  • Bedroom Count

    5
  • Bathroom Count

    3.00
  • Full Bathrooms

    2.00
  • Partial Bathrooms

    1.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    6
  • Building Quality

    0
  • Construction Type

    6
  • Building Style

    16
  • Exterior Walls Type

    19
  • Interior Walls Type

    0
  • Roof Shape Type

    8
  • Roof Cover Type

    15
  • Floor Count

    2
  • Living Units

    1.00
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    0
  • Basement Type

    7
  • Basement Area

    885.00
  • Garage Type

    17
  • Garage Square Area

    0.00
  • Parking Space Count

    1.00
  • Patio Type

    0
  • Porch Type

    0
  • Pool Type

    0

Dimensions

  • Lot Size Square Feet

    3,140
  • Lot Size Depth Feet

    0
  • Total Building Area

    1,616
  • Gross Building Area

    3,462
  • Building Area

    1,616
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    0
  • Heat Code

    4
  • Heated Square Feet

    1,616
  • Heating Fuel Type

    6

Codes

  • Sewer System

    0
  • Water Service Type

    0

Building

Building codes and types
  • Building Type

    0
  • Property Class ID

    R
  • Land Acres

    0.072
  • Standard Land Use Code

    1001
  • County Land Use Code

    101

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Malden School District
  • School Tax School District

    MALDEN SD
  • Census Tract

    341700

Zoning

The zoning code for this property is RESA.
  • Zoning

    RESA

Geography

The property is located in zip code 02148.
  • Parcel

    MALD M:114 B:720 L:003
  • Block

    720
  • Lot

    3
  • Municipality

    MALDEN
  • Latitude

    42.4338
  • Longitude

    -71.0518

Address

  • Full Address

    13 Preston St
  • Address - House Number

    13
  • Address - Street Name

    Preston
  • Address - Suffix Type

    St
  • State

    MA
  • City Name

    Malden
  • Carrier Code

    C027
  • 4-Digit Zip Code

    3034
  • Zip Code

    02148

Valuation

The assessed value of this property is $518,800.
  • Timestamp

    Jan 26, 2022
  • UCID Flag

    C
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2022
  • Tax Amount

    $4,650
  • Intital Tax Deliquent Year

    2022

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $895,500

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Jan 19, 2022
  • Confidence Score

    83
  • Final Value

    643,356
  • High Value

    733,708
  • Low Value

    553,005

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $518,800
  • Assessed Land Value

    $201,400
  • Assessed Improvements Value

    $317,400

Sales

  • Current Sale Transaction ID

    0
  • Current Sales Price

    $0

Mortgages

  • First Current Mortgage Loan Amount

    $0
  • First Current Mortgage Terms

    0
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date

    20210408
  • First Open Lien Mortgage Financing Type

    VAR
  • First Open Lien Mortgage Loan Amount

    $895,500
  • First Open Lien Mortgage Term

    996
  • First Open Lien Mortgage Position

    1
  • First Open Lien Mortgage Loan Type

    11
  • First Open Lien Mortgage Loan Due Date

    21040501
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Parking

Garage ParkingAttached Garage

Location

Near Public Transit

Condition

Sloped Lot

Home Features

Utilities

Electric Dryer Hookup

Laundry

Washer HookupWasher / Dryer in Unit

HVAC

No Cooling SystemForced Air

Rooms

Basement

Price History

Date/EventEventPrice
May 24, 2023 Listed by William Raveis R.E. & Home ServicesListed by William Raveis R.E. & Home Services$475,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$63,000
ExpensesPer Year
$6,528
Operating ProfitPer Year
$56,472
Cap rate
11.89%

Price Estimate

$550,000$479,750$409,500
20232024202520262027
Current Asking Price

$475,000

HopScore Market Price

$479,750

The current asking price is $4,750 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
House
3
1
-
$575,000
$253.49/mo
Sold
House
3
2
-
$600,000
$418.78/mo
Sold
House
3
2
-
$525,021
$446.08/mo
Sold
House
3
1
-
$378,000
$335.46/mo
Sold
Multifamily
4
3
-
$495,000
$310.31/mo

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Neighborhood

About Maplewood Highlands

Stats & Trends

The median asking price in Maplewood Highlands is $589,900.
  • Median Asking

    $589,900
  • Sale Price/ft²

    $403.14
  • Below Asking

    0.01%
  • Days on Market

    52

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13 Preston Street in Malden, MA was first built in 1920 and is 103 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There is a 1 partial bathroom. 13 Preston Street has 1,616 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,140 square feet...

13 Preston Street, Malden, MA 02148


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