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40 Chelsea Street

40 Chelsea Street, Boston, MA 02128
40 Chelsea Street in Boston, MA was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 2021. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 3 floors. There are a total of 17 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 40 Chelsea Street has 3,530 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 1,140 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of materials that we aren't sure of. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Chelsea Street sold most recently in Mar 5, 2020 for a total of $875,000. If you work out the math, that's approximately a cost of $247.88 per sqft. Before that, the property was also sold for $44,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,930 in taxes each year. The initial year of tax delinquency occurred in 2022. 40 Chelsea Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $552,100. If we break it down further, the land itself was valued at $96,400. Improvements to the property, however, were assessed at a total of $455,700. The property's total assessed value has been marked as more than the total market value 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Waterfront

Beach Front

Location

Corner Lot
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180904
09/04/2018
8 Bed
3 Bath
-
$1,100,000
bedrooms
8 Bed
bathrooms
3 Bath
$875,000 -20.45%
03/06/2020
-
Nico Longo
Century 21 Cityside

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 17
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Flat
  • Roof Cover Type: Other
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,140
  • Total Building Area: 3,530
  • Gross Building Area: 4,715
  • Building Area: 3,530
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,530
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.026
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : STAR PROPERTY HOLDINGS
  • Previous Owner : 40 CHELSEA STREET RT
  • Owner Before Previous Owner: FORTY CAVNERCO RT
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Boston School District
  • Census Tract: 050600

Zoning

  • Zoning: R3

Geography

  • Parcel: EBOS W:01 P:05731 S:000
  • Municipality: BOSTON-EAST BOSTON
  • Latitude: 42.3711
  • Longitude: -71.0377

    Address

  • Full Address: 40 Chelsea St
  • Address - House Number: 40
  • Address - Street Name: Chelsea
  • Address - Suffix Type: St
  • State: MA
  • City Name: East Boston
  • Carrier Code: C016
  • 4-Digit Zip Code: 4390
  • Zip Code: 02128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,930
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 869,048
  • High Value: 1,029,840
  • Low Value: 708,257

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,163,000
  • First Open Lien Mortgage Lender: EAST CAMBRIDGE SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Apr 22, 2022
  • First Open Lien Mortgage Loan Amount: $2,163,000
  • 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: Apr 22, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $552,100
  • Assessed Land Value: $96,400
  • Assessed Improvements Value: $455,700

    Sales

  • Current Sale Contract Date: Mar 05, 2020
  • Current Sale Recording Date: Mar 06, 2020
  • Current Sale Transaction ID: 11746437812
  • Current Sale Price: $875,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 19018
  • Previous Sale Recording Date: Dec 30, 1992
  • Previous Sale Amount: $44,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PATRIOT BANK
  • First Mortgage Transaction Date: Mar 06, 2020
  • First Mortgage Loan Amount: $1,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: MEDFORD SVGS BK
  • Previous Mortgage Transaction Date: Dec 30, 1992
  • Previous Mortgage Loan Amount: $35,200
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About East Boston



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Frequently Asked Questions

What neighborhood is 40 Chelsea Street located in?
The 40 Chelsea Street is a multifamily located in the neighborhood of Jeffries Point - Airport in East Boston, Boston.
What is the average sales price for listings in 40 Chelsea Street?
The average sales price for units in 40 Chelsea Street is $0 currently.

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