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Backup Offers

116-118 Cottage St, Chelsea, MA, 02150

$1,550,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
4 Full Baths
5,336 SqFt
$290/SqFt
Multi

Location

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116-118 Cottage St, Chelsea$1,550,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingShared Driveway, Off Street
Garage2 spaces
Year Built1920
HeatingBaseboard, Natural Gas, Hot Water, Oil, Other
CoolingNone
BasementYes
WaterfrontBeach, Ocean Front
MLS #73308315
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Contingent)

About 116-118 Cottage St

ATTENTION INVESTORS: Massive 4 Family w/a 2 Car Detached Garage and 5336 sf of living space, offering enormous potential for increased revenue! Living area is comparable to a 5-6 fam. This well maintained home has had the same owners for 27 years and shows pride of ownership. Units have been updated thru the years including K & B's, along w/exterior & interior improvements. (3) boilers updated, newer H20 tanks, 2nd fl units have CB sub panels, lg walkout basement, add'l 2 car tandem pkg spaces and composite deck in the rear. (2) units delivered vacant & Owners unit once housing is obtained. see attached proforma for market rents & income potential. Separate Utilities, Layouts: #118 & 116-#2 are 4 Br's, 1 BA, Living rm, dining area, Fin EP, Units 118 & 116# 1 are 3 Br's, 1 BA, Living rm, dining area, EP's. Just a short walk to public transportation- Bus:112, Silver line & Commuter Rail. Easy access to Logan, 1A, Rte 16, Downtown Boston and more

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 5,336 SqFt

Listing Office:

  • Office Name: Century 21 Mario Real Estate
  • Office Phone: (617) 569-6044
  • Listing Agent: Lisa Leonard

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Refrigerator, Dishwasher, Range Hood, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
  • Basement: Yes
  • Flooring Type: Vinyl, Carpet, Laminate, Wood, Parquet
  • Interior: Pantry, Bathroom With Tub & Shower, Remodeled, Ceiling Fan(s), Living Room, Dining Room, Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Waterfront: Beach, Ocean Front

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Shared Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Gentle Sloping
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Hot Water, Oil, Other
  • Cooling: None

Other

Directions Information:

  • Directions: Central to Highland

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,550,000
  • Price Per SqFt: $290/SqFt

Tax Information:

  • Annual Amount: $10,728
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Chelsea, MA.

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Chelsea, MA

City

Med. Sold Price

$570K

Med. Price/SqFt

$393

Avg. Days On Market

36

# of Sold Homes

11

116-118 Cottage St vs Chelsea

21 DAYS ON ROCKET

-15 Days

$1,550,000

+$980K More

$290/SqFt

-$104 Less

KEY TAKEAWAY

This property is $980K more than the Median Sold Price and $104/SqFt less than other homes in Chelsea, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73308315

Listing Office:

  • Office Name: Century 21 Mario Real Estate
  • Office Phone: (617) 569-6044
  • Listing Agent: Lisa Leonard

IDX 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: 11/21/2024, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 30, 1997Home Sold
$140,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,728$787,700
2020$10,077$752,600
2019$10,618$745,100
2018$9,675$686,200
2017$9,365$653,100

History based on county public records data.

Payment Calculator

$7,803

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,713

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NMLS#3030

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.

Nearby Schools

school-card-donut-366752
5
/10

  • Patrick J. Kennedy Elementary School

  • 343 Saratoga St

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-366753
4
/10

  • Frank M Sokolowski Elementary School

  • 300 Crescent Ave

  • 0.78 miles

  • Public District Grades 1-4

school-card-donut-366754
5
/10

  • William a Berkowitz Elementary School

  • 300 Crescent Ave

  • 0.78 miles

  • Public District Grades 1-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,000. The most common annual income of people living in Chelsea, MA is between $35k-100k. Most 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

Rocket Homes›Massachusetts›Suffolk County›Chelsea›02150›116-118 Cottage St

This home is located at 116-118 Cottage St in Chelsea, MA and zip code 02150. This 5,336 square foot home, which was built in 1920, sits on a 0.14 acre lot. Features: 14 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $1,550,000.

In October 2024, from all listings sold in Chelsea, MA there were more than 5 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price. The number of listings in Chelsea, MA increased by 7.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $570,000, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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