Rare indeed! Potential landmark development, if not the largest parcel available in the Boston area. LAND ONLY… Sitting on 17.86 acres on Chelsea Creek in Chelsea and PREVIOUSLY approved for 590 residential units and 20,000 sq ft of retail and 963 parking spots in a phased development on Rt 1a across from Suffolk downs and under 10 minutes to Logan. A copy of the previous approval is available on request. Across from Orient heights. Possible creative options available for a phased development. There are currently 4 structures on the parcel including 'Mill Type' buidings in various states of disrepair, currently unsafe by all practical standards. Three other adjacent parcels on Crescent Ave are also included. Price is 'as is' but seller is offering options depending on how the deal is structured. Buyer will need to have new plans approved. Asking Price subject to Buyer approvals is $35 mln with closing to take place after said approvals. Phased Development Asking Price is $43 mln
Property Details
Property Features
Listing Office:
Office Name: Steve Bremis Realty Group
Office Phone: (617) 828-1070
Listing Agent: The Steve Bremis Team
Exterior Features
Exterior Information:
Waterfront: Waterfront, Creek
View: City
Lot Features
Lot Information:
Lot: Level
Lot Size: 17.86 Acres
Other
Directions Information:
Directions: US 1 N to Clinton St Chelsea to Forbes Street
Price Information
Listing Price Info
Price Summary:
List Price: $29,999,900
Tax Information:
Annual Amount: $131,026
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Chelsea, MA.
This property is $29.4M more than the Median Sold Price in Chelsea, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73296513
Listing Office:
Office Name: Steve Bremis Realty Group
Office Phone: (617) 828-1070
Listing Agent: The Steve Bremis Team
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 11:55:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$131,026
$9,620,100
2020
$128,330
$9,584,000
2019
$135,602
$9,515,900
2018
$122,952
$8,720,000
2017
$117,875
$8,220,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Frank M Sokolowski Elementary School
300 Crescent Ave
Distance between this listing and this school0.34 miles
Public District Grades 1-4
5
/10
William a Berkowitz Elementary School
300 Crescent Ave
Distance between this listing and this school0.34 miles
Public District Grades 1-4
3
/10
George F. Kelly Elementary School
300 Crescent Ave
Distance between this listing and this school0.34 miles
Public District Grades 1-6
Nearby Schools
2
/10
Clark Avenue School
8 Clark Ave
Distance between this listing and this school1.00 miles
Public District Grades 5-8
3
/10
Rumney Marsh Academy
140 American Legion Hwy
Distance between this listing and this school1.03 miles
Public District Grades 6-8
4
/10
Garfield Middle School
176 Garfield Ave
Distance between this listing and this school1.03 miles
Public District Grades 6-8
Nearby Schools
3
/10
Revere High School
101 School St
Distance between this listing and this school0.84 miles
Public District Grades 9-12
2
/10
Seacoast School
15 Everard Ave
Distance between this listing and this school1.08 miles
Public District Grades 9-12
1
/10
Phoenix Charter Academy
175 Hawthorne St
Distance between this listing and this school1.22 miles
The neighbors living near this home have an average income of $41,310. Typical income of Chelsea, MA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1 Forbes St
What is the listing price of this property?
The listing price of 1 Forbes St property is $29,999,900.
What type of property is this?
The property 1 Forbes St is land located in Chelsea, Massachusetts, 02150.
Is this property for sale now?
Active Listing: 1 Forbes St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $131,026 (source: MLS/based on county public records data).
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This home is located at 1 Forbes St in Chelsea, MA and zip code 02150. This home sits on a 17.86 acre lot. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $29,999,900.
In November 2024, from all listings sold in Chelsea, MA there were more than 6 sold above asking price, over 11 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Chelsea, MA between October 2024 and November 2024 decreased by 13.2%. In November 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $574,000.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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