13 Preston Street
House in Maplewood Highlands
Active
13 Preston Street, Malden, MA 02148
Open House: Sat Jun 3, 5AM - 7AM
3
Map
$475,000
5
Beds
2
Baths
–
Half Bath
–
Ft²
–
$/ft²
0.07
Acres
GREAT OPPORTUNITY FOR INVESTOR/CONTRACTOR or someone willing to do
sweat equity. Â Situated in a well established neighborhood
with lovely homes, its proximity makes easy access to highways and
the downtown. Â This house has great "bones", generous size
rooms, large kitchen, formal dining room, living room and plenty of
bedrooms and finished walk-up attic. Â 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. Â 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
Building
Building codes and typesNeighborhood
Community district, city council district, police precinct, and more.Zoning
The zoning code for this property is RESA.Geography
The property is located in zip code 02148.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/Event | Event | Price |
|---|---|---|
| May 24, 2023 Listed by William Raveis R.E. & Home Services | Listed 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
$63,000ExpensesPer Year
$6,528Operating 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 | Type | Beds | Baths | ft² 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
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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...
