Charming West Side 2 Family Home nestled in the heart of downtown, mere steps away from the North Ave-Haverhill Line commuter rail, the bustling downtown area, & the serene Lake Quanapowitt. Meticulously maintained, this property offers a fantastic opportunity for owner occupancy & rental income, an ideal investment with dual benefits.The sunlit spacious owner's unit spans the 2nd & 3rd floors, boasting 3 beds & 2 baths with beautiful hardwood flooring throughout. The eat-in kitchen is equipped with a gas stove, the main floor features 1 bed 1 bath. Enjoy the convenience of a private deck off the kitchen, office/den with access to a backyard patio. The 3rd floor encompasses 2 beds & 1 bath, complemented by a finished bonus room in the basement. Abundant closet space & storage contribute to the overall charm.The 1st floor rental unit is not deleaded. The 2nd floor unit and common area is certified treated for lead paint. Separate laundry facilities, gas/electric for each unit.
Sale Statistics
Sale Overview
Original List Price:$799,000
Final Sale Price:$910,000
Difference:
+$111,000 (+13.9%)
Performance Metrics
113.9%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$383
Sale $/sq ft:$436
This property sold for $436 per square foot
Sale Summary
This property sold for 13.9% above the original asking price, indicating strong buyer demand.
With only 5 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Multi Family
Property Category
Residential Income
Year Built
1880
Bedrooms
4
Full Bathrooms
3
Living Area
2,088 sq ft
Total Rooms
10
Stories
3
Levels
3
Interior Features
Flooring
Tile, Carpet, Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s), Wall Unit(s), Ductless
Has Cooling
Yes
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Disposal, Refrigerator, Dishwasher, Range Hood
Interior Features
Laundry Room, Bathroom With Tub & Shower, Ceiling Fan(s), Walk-Up Attic, Bathroom with Shower Stall, Bathroom With Tub, Living Room, Kitchen, Office/Den, Sunroom
Basement Details
Full, Partially Finished, Sump Pump, Concrete
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone, Granite
Patio/Porch Features
Porch, Deck, Patio
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.09 acres
Lot Size
3,999 sq ft
Lot Size Area
0.0900
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Paved Drive, Off Street, Paved
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Public School, T-Station, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,817
Tax Year
2024
Tax Assessed Value
$694,800
Parcel Number
M:000012 B:0238 P:000026,817217
Zoning
GR
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Current lease expires 3/31/24. New monthly lease amount effective 4/1/24 will be $2, 100 pending approval. If the buyer does not want the lease renewed the seller must be notified by 2/24/24.Fireplace in 1st fl unit is not working. Buyer to do due diligence. Room measurements approx.
Listing Terms
Contract
Location
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Neighborhood
47 Chestnut St, Wakefield MA 01880
Wakefield, MA 01880
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$651
Homeowners Insurance$200
PMI$0
Property History
Market Insights
12.2%
Price Range
6
Total Days on Market
Property Timeline
✓
Sold
Apr 17, 2024
$910,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Feb 15, 2024
$799,000
Original listing
Agent: The Bill Butler GroupOffice: Leading Edge Real Estate
