$579,000
●
Condo -
Off Market
157 Chestnut #205
Chelsea, MA 02150
2 Beds
2 Baths
$579,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model
About This Property
New Construction! We are 50% sold out! The Chelsea Flats. 14
brand new condos. This brand new condo contains 2 beds /2 full
baths. This unit is Southwest facing and is in the back of the
building on the quiet side. There is a large private balcony.
The condos feature private balconies & covered parking. The
kitchen includes GE S/S Profile appliances & Quartz counters.
In-unit laundry, energy efficient A/C and heating. The bathrooms
features custom tile. 1 covered parking space is included.
Access to common roof deck and media room. Pet friendly building.
OCCUPANCY 09/30/23-10/30. Will be professionally managed. EV
charging stations. Elevator access. There is a clubroom for the
community for events, meetings and more. Walk to the Mystic Mall,
Dining and shopping. MBTA, Commuter Rail and Silver Line. Blue
bikes at park. Extra parking spaces for sale for $25,000.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Condo
Property Taxes
$350
HOA Dues
$360
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Last updated: 12 months ago (MLSPIN #73150418)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 24, 2024 | Sold | $574,000 | |
| Sold | |||
| Apr 11, 2024 | Price Increased |
$579,000
↑ $9K
(1.6%)
|
|
| Price Increased | |||
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Mar 26, 2024 | Price Decreased |
$569,900
↓ $9K
(1.6%)
|
|
| Price Decreased | |||
| Mar 4, 2024 | Listed by eRealty Advisors, Inc. | $579,000 | |
| Listed by eRealty Advisors, Inc. | |||
|
|||
|
New Construction is completed Move right in! We are 95% sold out! 1
unit left. The Chelsea Flats. 14 brand new condos. This brand new
condo contains 2 beds /2 full baths. This unit is Southwest facing
and is in the back of the building on the quiet side. There is a
large private balcony. The condos feature private balconies &
covered parking. The kitchen includes GE S/S Profile appliances &
quartz counters. In-unit laundry, energy efficient A/C and heating.
The bathrooms features…
|
|||
Show More
Property Highlights
Elevator
Garage
Parking Available
Air Conditioning
Interior Details
Features: Yes
Full Bathrooms: 2
Interior Features: Finish - Sheetrock, High Speed Internet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range - ENERGY STAR, Oven - ENERGY STAR, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Concrete
Laundry Features: In Unit, Washer Hookup
Rooms: 5
Basement: N
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Under, Carport, Deeded, Off Street, On Street, Paved, Exclusive Parking
Garage Spaces: 1
Exterior Details
Has Property Attached
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual, To Be Built, Under Construction
PropertySubType: Condominium
Building Name: The Chelsea Flats
Structure Type: Mid-Rise, Low-Rise, Attached
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck - Roof, Deck - Composite, Deck - Access Rights, Deck - Roof + Access Rights
Lead Paint: None
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: R2
Water Source: Public
Financial Details
Tax Assessed Value: $525,000
Tax Annual Amount: $4,200
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air, Common, Individual, Unit Control, ENERGY STAR Qualified Equipment, Ductless
Heating Type: Heat Pump, Electric, Individual, Unit Control, Ductless
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Elevator(s), Clubroom
Association Fee Frequency: Monthly
HOA Fee: $360
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Pets Allowed: Yes
Management: Professional - Off Site, Owner Association
157 Chestnut #205, Chelsea, MA, 02150
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/03/2023
|
2 Bed
|
2 Bath
|
-
|
$650,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
03/28/2023
|
2 Bed
|
2 Bath
|
-
|
$650,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
01/04/2024
|
2 Bed
|
2 Bath
|
-
|
$599,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
04/20/2023
|
2 Bed
|
2 Bath
|
-
|
$599,000
2 Bed
2 Bath
|
$515,000
-14.02%
05/01/2024
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
01/04/2024
|
2 Bed
|
2 Bath
|
-
|
$549,900
2 Bed
2 Bath
|
$559,000
+1.65%
03/29/2024
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
01/01/2023
|
2 Bed
|
2 Bath
|
-
|
$675,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/04/2023
|
2 Bed
|
2 Bath
|
-
|
$599,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
03/07/2023
|
2 Bed
|
2 Bath
|
-
|
$599,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/14/2023
|
2 Bed
|
2 Bath
|
-
|
$699,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/20/2023
|
2 Bed
|
2 Bath
|
-
|
$625,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
04/18/2023
|
2 Bed
|
2 Bath
|
-
|
$649,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/13/2023
|
2 Bed
|
2 Bath
|
-
|
$749,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/27/2023
|
2 Bed
|
2 Bath
|
-
|
$260,000
2 Bed
2 Bath
|
$260,000
04/21/2024
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/27/2023
|
2 Bed
|
2 Bath
|
-
|
$260,000
2 Bed
2 Bath
|
$260,000
04/19/2024
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/24/2023
|
2 Bed
|
2 Bath
|
-
|
$260,000
2 Bed
2 Bath
|
$260,000
04/12/2024
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/24/2023
|
2 Bed
|
2 Bath
|
-
|
$699,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
02/03/2023
|
2 Bed
|
2 Bath
|
-
|
$575,000
2 Bed
2 Bath
|
-
-
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
|
|
|
04/01/1994
|
|
Loft
|
4 Bath
|
-
|
$1,350,000
Loft
4 Bath
|
$1,558,213
+15.42%
07/19/1995
|
-
|
Patricia Gill
Coldwell Banker Realty - New England Home Office
|
Building Info
