225 Eastern Avenue

Local assessors in Malden, MA have categorized 225 Eastern Avenue as a commercial type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 6,399 square feet. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 225 Eastern Avenue has a total of 380 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a paved and surfaced garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a shed style roof that was made of tar and gravel. Lots of wood siding were used in the construction of the exterior walls of the home. The home's electric heaters is the primary heating source and it is being fueled with electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 225 Eastern Avenue was last sold in Mar 6, 2024 for $900,000. According to our calculations, that's $2,368.42 per sqft. Prior to that sales transaction, the property was sold for $525,000 in Aug 31, 2020. Current property owners are expected to pay $10,561 in taxes per year. The property on 225 Eastern Avenue was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $580,300. To break that down further, the land itself was valued at $521,000. While improvements to the property were assessed at a total of $59,300. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.