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Malden 02148 Glendale
7 Broadway
$558,000
● House - Off Market

7 Broadway

Malden, MA 02148
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,634 Ft²
$506,695
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Here is your opportunity to jump into the red hot housing market. Located in a central area of Malden, near restaurants and shops. House currently has 2 levels of living area with 2 full bathrooms. The house is currently set up as a 2 family. House has 2 front entrances and 2 back doors ( legal single family ). Only one functioning kitchen that is located on the second floor of the house. Property needs updating throughout. Viewing will be at the open house Sunday April 10th from 11:30am-1:30pm and Monday April 11th from 11am-12:30pm. All final and best offers will be due Tuesday April 12th at 5pm. Owner can except any offer before April 12th.
Unit Size
1,634 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$306
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1920

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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 #72960736)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by Realty Edge $500,000
Listed by Realty Edge

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 1
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 678
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,979
  • Total Building Area: 1,634
  • Gross Building Area: 2,418
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Malden School District
  • School Tax School District: MALDEN SD
  • Census Tract: 341901

Zoning

  • Zoning: RESA

Geography

  • Parcel: MALD M:123 B:488 L:802
  • Block: 488
  • Lot: 802
  • Municipality: MALDEN
  • Latitude: 42.4234
  • Longitude: -71.0425

    Address

  • Full Address: 7 Broadway
  • Address - House Number: 7
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Malden
  • Carrier Code: C068
  • 4-Digit Zip Code: 8022
  • Zip Code: 02148

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $595,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1605
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 617,874
  • High Value: 717,096
  • Low Value: 518,651

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,200
  • Assessed Land Value: $222,500
  • Assessed Improvements Value: $286,700

    Sales

  • Current Sale Contract Date: May 18, 2022
  • Current Sale Recording Date: May 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 74834
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 Glendale

Stats & Trends

Median Asking:

$749,999

Sale Price/ft²

$392

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2155 ft²

Average Home Age

101.6 years

Currently For Sale

29 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72960736

Frequently Asked Questions

When was property at 7 Broadway built and last sold?
The property at 7 Broadway was built in 1920 and last sold on May 18, 2022 for $558,000.
How much is this home worth?
The estimated value of the home located at 7 Broadway is $521,715.
What are some comparable homes to 7 Broadway?
There are currently no comparable homes to 7 Broadway.
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