$335,000
●
Condo -
Off Market
48 Washington Avenue #103
Chelsea, MA 02150
1 Bed
1 Bath
680 Sqft
$2,274
Est. Monthly
$288
HOA / Fees
8.04%
Cap Rate
About This Property
Location, Location!! This front facing, sun-filled adorable
one bedroom condo, with Central A/C and two floors or living space
located in this converted school building! First floor has a
fully appliance galley kitchen and living room with high ceilings
and large windows which makes the space feel larger than expected.
There are stairs that go down to the large bedroom and
bathroom. Great closet space as well. The common
laundry is conveniently located just across the hall from the unit.
One deeded garage parking space is included in the sale and
is down a quick flight of stairs. Very convenient living in
the center of Chelsea having the bus line in front of your door to
be just minutes to Boston and the Silver Line just 2 blocks away!
Unit Size
680Ft²
Days on Market
124 days
Land Size
-
Price per sqft
$515
Property Type
Condo
Property Taxes
$267
HOA Dues
$288
Year Built
-
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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.
You can learn more about cap rate here .
Last updated: 10 months ago (MLSPIN #73183744)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Feb 9, 2024 | In contract | - | |
| In contract | |||
| Jan 5, 2024 | Relisted | $350,000 | |
| Relisted | |||
| Dec 29, 2023 | In contract | - | |
| In contract | |||
| Nov 29, 2023 | Listed by Bayside Realty | $350,000 | |
| Listed by Bayside Realty | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Deeded
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator
Flooring Type: Hardwood
Laundry Features: In Building
Rooms: 3
Basement: N
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Washington Avenue Schoolhouse
Structure Type: Brownstone
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R2
Parcel Number: 1287752
Water Source: Public
Financial Details
Tax Assessed Value: $258,500
Tax Annual Amount: $3,200
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Laundry
Association Fee Frequency: Monthly
HOA Fee: $288
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Complex is Completed
Management: Owner Association
48 Washington Avenue #103, 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
Condo
2
Beds
1
Bath
740 ft²
$447/ft²
$331,000
May 14, 2019
$331,000
Jun 28, 2019
$401/mo
Condo
2
Beds
2
Baths
979 ft²
$281/ft²
$275,000
Sep 25, 2007
$275,000
Dec 12, 2007
$306/mo
Condo
2
Beds
1
Bath
881 ft²
$397/ft²
$350,000
Sep 22, 2021
$350,000
Nov 15, 2021
$545/mo
Condo
2
Beds
1
Bath
784 ft²
$383/ft²
$300,000
Mar 27, 2024
$300,000
Jun 6, 2024
$501/mo
Sold
Multifamily
8
Beds
2
Baths
2,978 ft²
$102/ft²
$305,000
Apr 17, 2012
$305,000
Oct 29, 2012
$254/mo
Sold
Multifamily
5
Beds
-
111,111 ft²
$3/ft²
$305,000
Aug 13, 2002
$305,000
Nov 22, 2002
$200/mo
In Contract
Condo
2
Beds
1
Bath
765 ft²
$457/ft²
$349,900
Oct 24, 2024
-
$741/mo
In Contract
Condo
2
Beds
1
Bath
690 ft²
$478/ft²
$329,900
Nov 14, 2024
-
$647/mo
In Contract
Condo
4
Beds
2
Baths
1,280 ft²
$273/ft²
$350,000
Sep 10, 2024
-
$720/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/29/2023
|
1 Bed
|
1 Bath
|
680 ft²
|
$350,000
1 Bed
1 Bath
680 ft²
|
$335,000
-4.29%
04/01/2024
|
-
|
Janette Giso
Bayside Realty
| |
|
07/20/2022
|
2 Bed
|
1 Bath
|
-
|
$370,000
2 Bed
1 Bath
|
-
-
|
-
|
Nike John
Vibe Residential
| |
|
09/22/2021
|
2 Bed
|
1 Bath
|
881 ft²
|
$299,000
2 Bed
1 Bath
881 ft²
|
$350,000
+17.06%
11/15/2021
|
Fayth Kestenbaum
Leading Edge Real Estate
| ||
|
05/14/2019
|
1 Bed
|
1 Bath
|
655 ft²
|
$275,000
1 Bed
1 Bath
655 ft²
|
$325,000
+18.18%
07/01/2019
|
-
|
Liz Dehler
Donnelly + Co.
| |
|
05/14/2019
|
2 Bed
|
1 Bath
|
740 ft²
|
$300,000
2 Bed
1 Bath
740 ft²
|
$331,000
+10.33%
06/28/2019
|
-
|
Jeffrey Bowen
eRealty Advisors, Inc.
| |
|
03/19/2019
|
2 Bed
|
1 Bath
|
855 ft²
|
$279,000
2 Bed
1 Bath
855 ft²
|
$269,000
-3.58%
05/13/2019
|
-
|
Maria Fabiano
Maria Fabiano Realty
| |
|
10/06/2017
|
2 Bed
|
2 Bath
|
900 ft²
|
$219,900
2 Bed
2 Bath
900 ft²
|
$266,000
+20.96%
11/10/2017
|
-
|
Nathan Ingham
Coldwell Banker Realty - Cambridge
| |
|
09/15/2016
|
2 Bed
|
1 Bath
|
740 ft²
|
$164,900
2 Bed
1 Bath
740 ft²
|
$160,500
-2.67%
11/01/2016
|
Roy Avellaneda
MNS Real Estate LLC
| ||
|
05/13/2015
|
2 Bed
|
2 Bath
|
1090 ft²
|
$199,000
2 Bed
2 Bath
1090 ft²
|
$195,000
-2.01%
09/21/2015
|
-
|
Deborah Bernat
Coldwell Banker Realty - Back Bay
| |
|
06/23/2014
|
2 Bed
|
1 Bath
|
855 ft²
|
$150,000
2 Bed
1 Bath
855 ft²
|
$150,000
09/19/2014
|
-
|
Jason Rollins
Commonwealth Properties Residential, LLC
| |
|
03/26/2014
|
2 Bed
|
2 Bath
|
1090 ft²
|
$149,900
2 Bed
2 Bath
1090 ft²
|
$149,900
05/30/2014
|
-
|
Beatrix Kenny
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
03/17/2014
|
2 Bed
|
1 Bath
|
740 ft²
|
$195,000
2 Bed
1 Bath
740 ft²
|
$195,000
05/30/2014
|
-
|
Noha Soliman
William Raveis R. E. & Home Services
| |
|
07/24/2013
|
2 Bed
|
2 Bath
|
1090 ft²
|
$149,900
2 Bed
2 Bath
1090 ft²
|
$128,500
-14.28%
03/31/2014
|
-
|
Gesiane Soares
Century 21 North East
| |
|
08/24/2010
|
2 Bed
|
2 Bath
|
945 ft²
|
$62,000
2 Bed
2 Bath
945 ft²
|
$67,000
+8.06%
11/09/2010
|
Thomas Mario
Century 21 North East
| ||
|
07/20/2010
|
2 Bed
|
1 Bath
|
740 ft²
|
$69,900
2 Bed
1 Bath
740 ft²
|
$59,000
-15.59%
09/01/2010
|
Kieran Brosnan
William Raveis R.E. & Home Services
| ||
|
07/13/2008
|
2 Bed
|
1 Bath
|
740 ft²
|
$69,900
2 Bed
1 Bath
740 ft²
|
$59,163
-15.36%
10/31/2008
|
-
|
John Zhang
Boston Elite Realty Group
| |
|
03/18/2006
|
2 Bed
|
2 Bath
|
920 ft²
|
$169,000
2 Bed
2 Bath
920 ft²
|
$173,000
+2.37%
05/22/2006
|
-
|
Robert Gillette
Re/max Professionals
| |
|
03/18/2006
|
1 Bed
|
1 Bath
|
655 ft²
|
$149,000
1 Bed
1 Bath
655 ft²
|
$149,000
05/22/2006
|
-
|
Robert Gillette
Re/max Professionals
| |
|
09/03/2004
|
3 Bed
|
2 Bath
|
1090 ft²
|
$159,900
3 Bed
2 Bath
1090 ft²
|
$160,000
+0.06%
11/23/2004
|
-
|
Kristi Amendolare
North Point Properties
| |
|
10/15/2001
|
2 Bed
|
1 Bath
|
765 ft²
|
$92,900
2 Bed
1 Bath
765 ft²
|
$90,000
-3.12%
01/29/2002
|
-
|
Paul Groom
Century 21 N. Shore R. E. Inc.
| |
|
02/10/2001
|
2 Bed
|
2 Bath
|
101 ft²
|
$92,500
2 Bed
2 Bath
101 ft²
|
$92,500
06/08/2001
|
-
|
Juan Gallego
Madelyn Garcia Real Estate
|
Building Info
