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348 Chelsea Street

348 Chelsea Street, Boston, MA 02128
Sold Aug 20, 2019
$635,000
$1,387,500 by Rockland Trust Co
Mortgage Due Oct 22, 2050
Sold Jan 29, 2019
$500,000
$1,085,000 by Northern Bank & Trust Co
Mortgage
Local assessors in Boston, MA have categorized 348 Chelsea Street as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 1,200 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 6 full bathrooms. There are also 7 partial bathrooms. This is a 4 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 348 Chelsea Street has a total of 3,510 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a flat style roof that was made of materials that we aren't sure of. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 348 Chelsea Street was last sold in Aug 19, 2019 for $635,000. According to our calculations, that's $180.91 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Jan 1, 2019. Current property owners are expected to pay $13,757 in taxes per year. The property on 348 Chelsea Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,280,900. To break that down further, the land itself was valued at $173,000. While improvements to the property were assessed at a total of $1,107,900. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: Good
  • Building Style: Other
  • Roof Shape Type: Flat
  • Roof Cover Type: Other
  • Floor Count: 4
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,200
  • Total Building Area: 3,510
  • Gross Building Area: 4,665
  • Building Area: 3,510
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,510
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.028
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : STAR PROPERTY HOLDINGS
  • Previous Owner : TRICHILO DEVELOPMENT LLC
  • Owner Before Previous Owner: 348TH CHELSEA LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Boston School District
  • Census Tract: 050200

Zoning

  • Zoning: R3

Geography

  • Parcel: EBOS W:01 P:06926 S:000
  • Municipality: BOSTON-EAST BOSTON
  • Latitude: 42.378
  • Longitude: -71.0297

    Address

  • Full Address: 348 Chelsea St
  • Address - House Number: 348
  • Address - Street Name: Chelsea
  • Address - Suffix Type: St
  • State: MA
  • City Name: East Boston
  • Carrier Code: C022
  • 4-Digit Zip Code: 2995
  • Zip Code: 02128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,757

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 1,288,005
  • High Value: 1,505,424
  • Low Value: 1,070,587

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,387,500
  • First Open Lien Mortgage Lender: ROCKLAND TRUST CO
  • First Open Lien Mortgage Recording Date: Oct 22, 2020
  • First Open Lien Mortgage Loan Amount: $1,387,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Oct 22, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,280,900
  • Assessed Land Value: $173,000
  • Assessed Improvements Value: $1,107,900

    Sales

  • Current Sale Contract Date: Aug 19, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Transaction ID: 11636835240
  • Current Sale Price: $635,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 69974
  • Previous Sale Recording Date: Jan 29, 2019
  • Previous Sale Contract Date: Jan 01, 2019
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Aug 20, 2019
  • First Mortgage Loan Amount: $1,076,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: NORTHERN BANK & TRUST CO
  • Previous Mortgage Transaction Date: Jan 29, 2019
  • Previous Mortgage Loan Amount: $1,085,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 348 Chelsea Street located in?
The 348 Chelsea Street is a located in the neighborhood of Central Maverick Square - Paris Street in East Boston, Boston.
What is the average sales price for listings in 348 Chelsea Street?
The average sales price for units in 348 Chelsea Street is $0 currently.

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