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Chelsea 02150 Lower Broadway
3 Eldridge Place
$671,000
● House - Off Market

3 Eldridge Place

Chelsea, MA 02150
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,712 Ft²
$607,932
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Rare and Special - Architecturally Breathtaking Brick Row House w/3 levels of sliders to a private patio, 2nd level deck & 3rd level balcony. Multi-level open layout offers shared social as well as private spaces. Abundant windows, skylights & sliders to the outside and two classic Hunter fans fill the home with light & breezes! Four levels of living with a sunken kitchen adjoining the main living room area & patio make for perfect entertaining. 2021 new white TPO roof, SuperStor wtr htr, bare brick walls, 1st level radiant heat, ring & rod railings, top-floor ship hold storage. Home & decks newly painted. Neighborhood has 2 parks, dog park, tennis, 2 marinas, BlueBikes. Less than 5mi to Revere Beach. Minutes to Boston: Chelsea resident discount .30 for Tobin Bridge. Commuter Rail a 15-minute walk, 1 stop to North Station. Silver Line has 3 stops in Chelsea. 111 bus to Haymkt; 117 to Mavrck Sq; Walk to East Boston. Near award-winning Ciao Pizza & many eateries. A unique & magical gem!
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$350
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1857

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Cap Rate Calculator

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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.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72961491)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Apr 3, 2022 Listed by Melcher Real Estate Group $599,900
Listed by Melcher Real Estate Group
Jul 6, 1994 Sold
Premium
Sold
Apr 20, 1994 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1857
  • Effective Year Built: 1857
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 583
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 893
  • Total Building Area: 1,712
  • Gross Building Area: 3,047
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000021
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA SD
  • Census Tract: 160300

Zoning

  • Zoning: R3

Geography

  • Account Number: 22735023
  • Parcel: CHEL M:010 P:023
  • Municipality: CHELSEA
  • Latitude: 42.3877
  • Longitude: -71.0425

    Address

  • Full Address: 3 Eldridge Pl
  • Address - House Number: 3
  • Address - Street Name: Eldridge
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Chelsea
  • Carrier Code: C052
  • 4-Digit Zip Code: 2610
  • Zip Code: 02150

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $607,600

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 720,762
  • High Value: 884,435
  • Low Value: 557,089

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $490,800
  • Assessed Land Value: $161,200
  • Assessed Improvements Value: $329,600

    Sales

  • Current Sale Contract Date: May 25, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45039
  • Previous Sale Recording Date: Jul 06, 1994
  • Previous Sale Amount: $33,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lower Broadway

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$478

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1047 ft²

Average Home Age

112.7 years

Currently For Sale

20 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 101 Canal St., Boston, MA, 02114

$4,405 /mo

  • 1 Bed
  • 2 Baths
  • 1,133 ft²
101 Canal St. #1 Bedroom RR, Boston, MA, 02114 Listing by Equity Residential
Unit for rent at 4 Emerson Place, Boston, MA, 02114

$3,635 /mo

  • 1 Bed
  • 1 Bath
  • 874 ft²
4 Emerson Place #Villas One Bedroom, Boston, MA, 02114 Listing by Equity Residential
Unit for rent at 72 Staniford St., Boston, MA, 02114

$3,855 /mo

  • 1 Bed
  • 1 Bath
  • 924 ft²
72 Staniford St. #Longfellow One Bedroom -A, Boston, MA, 02114 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72961491

Frequently Asked Questions

When was property at 3 Eldridge Place built and last sold?
The property at 3 Eldridge Place was built in 1857 and last sold on May 25, 2022 for $671,000.
How much is this home worth?
The estimated value of the home located at 3 Eldridge Place is $620,780.
What are some comparable homes to 3 Eldridge Place?
There are currently no comparable homes to 3 Eldridge Place.
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