Experience the ideal fusion of comfort, convenience, and opportunity with this beautifully renovated three-family residence in Medford. Situated just a quarter-mile from the vibrant Medford Square and half a mile from the picturesque Middlesex Fells Reservation, this property provides easy access to Route 93, ensuring a smooth commute to the city. It perfectly captures the essence of urban convenience and suburban serenity, offering a harmonious living environment. Excellent investment opportunity featuring three distinct condos. Each spacious unit includes 3 bedrooms and 1 bathroom, with sizes ranging from 1,500 to 1,700 square feet. Benefit from 8 off-street parking spaces and the convenience of in-unit laundry in every condo. Recent renovations include brand-new kitchens and bathrooms, beautifully refinished hardwood floors, and fresh interior and exterior painting. This property offers a turn-key investment with modern updates and ample space for potential tenants.
Sale Statistics
Sale Overview
Original List Price:$2,399,000
Final Sale Price:$2,279,000
Difference:
$120,000 (-5.0%)
Performance Metrics
95.0%
List to Sale Ratio
Sold below asking price
26
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$500
Sale $/sq ft:$475
This property sold for $475 per square foot
Sale Summary
This property sold for 5.0% below the original asking price.
With only 26 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1893
Bedrooms
9
Full Bathrooms
3
Living Area
4,800 sq ft
Total Rooms
21
Stories
3
Levels
3
Interior Features
Flooring
Wood, Tile, Hardwood
Heating
Natural Gas
Has Heating
Yes
Cooling
Central Air, None
Has Cooling
No
Fireplace Features
Wood Burning
Has Fireplace
Yes
Number of Fireplaces
3
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Internet Available - Unknown, Crown Molding, Living Room, Dining Room, Kitchen, Laundry Room
Laundry Features
Washer Hookup, Dryer Hookup, Gas Dryer Hookup, Electric Dryer Hookup
Basement Details
Full, Bulkhead, Concrete, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Slate
Foundation
Concrete Perimeter
Exterior Features
Rain Gutters, Professional Landscaping, Garden
Patio/Porch Features
Porch, Deck
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.36 acres
Lot Size
15,471 sq ft
Lot Size Area
0.3600
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
8
Parking Features
Paved Drive, Off Street, Deeded, Paved
Utilities & Systems
Utilities Available
for Gas Range, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies per Unit
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service
Energy Efficient Features
Thermostat
Community & HOA
Community Features
Public Transportation, Shopping, Park, Highway Access, Public School
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$12,650
Tax Year
2024
Tax Assessed Value
$1,484,800
Parcel Number
M:K10 B:0022,636464
Zoning
RA
Additional Details
Year Built Source
Public Records
Year Built Details
Renovated Since
Disclosures
Condo docs are currently being finalized. Fireplaces are decorative. Parking space are deeded and vary dependent on unit. Storage shed is common. Front porch left side is designated for Unit 1. All other exterior spaces are considered common.
Location
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Neighborhood
87 Forest St, Medford MA 02155
Medford, MA 02155
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$1,054
Homeowners Insurance$200
PMI$0
Property History
Market Insights
32.3%
Price Range
28
Total Days on Market
1
Previous Sales
Property Timeline
✓
Sold
Oct 31, 2024
$2,279,000
Property sold
Days on Market: 28
🏠
Listed for Sale
Sep 4, 2024
$2,399,000
Original listing
Agent: The Marrocco GroupOffice: Coldwell Banker Realty - Lexington
Previous Transaction - MLS #73221183
Full transaction history available when tracking began
