12 days on rocket

Backup Offers

38 7th St, Medford, MA, 02155

$925,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths
2,508 SqFt
$369/SqFt
Multi

Location

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38 7th St, Medford$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street, Paved
Garage2 spaces
Year Built1928
HeatingNatural Gas, Electric, Oil
CoolingWall Unit(s)
BasementYes
MLS #73318043
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Contingent)

About 38 7th St

Great investment opportunity in the popular Wellington neighborhood of Medford: first time on the market in 75 years! This family-owned 2 unit multifamily is a diamond in the rough, perfect for a savvy investor to rehab for condo conversion, owner occupy or for rental income. Fantastic location under 1/2 mile to Station Landing and Wellington shopping plaza, with easy access to restaurants, shops, supermarkets, parks and walking trails. Near Wellington T station and Assembly Row! First floor has 2 BRs, 1 bath, kitchen, office, & hardwood floors under the carpeting in the living/dining room. 2nd floor has 3 BRs, 1 bath, kitchen, living/dining room, office and access to the unfinished attic. Storage and laundry in the basement. 2 car garage plus 2 more driveway spots. Recent roof (6 years), Unit 1 gas boiler is 10 years old, Unit 2 oil boiler is 5 years old, new gas and water meters. Sold AS IS. Will be delivered vacant. Offers due Wed 12/11 @5pm.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Living Area: 2,508 SqFt

Listing Office:

  • Office Name: Greater Boston Home Buying
  • Office Phone: (617) 469-4200
  • Listing Agent: Greater Boston Home Team

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Vinyl, Carpet, Hardwood
  • Interior: Kitchen, Living RM/Dining RM Combo, Mudroom, Office/Den, Living Room, Dining Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Paved Drive, Off Street, Paved

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Electric, Oil
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Take Fellsway or Mystic Valley Pkwy to 7th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000
  • Price Per SqFt: $369/SqFt

Tax Information:

  • Annual Amount: $6,461
  • Tax Year: 2021
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Housing Market Comparison

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

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Medford, MA

City

Med. Sold Price

$850.2K

Med. Price/SqFt

$503

Avg. Days On Market

21

# of Sold Homes

32

38 7th St vs Medford

12 DAYS ON ROCKET

-9 Days

$925,000

+$74.8K More

$369/SqFt

-$135 Less

KEY TAKEAWAY

This property is $74.8K more than the Median Sold Price and $135/SqFt less than other homes in Medford, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73318043

Listing Office:

  • Office Name: Greater Boston Home Buying
  • Office Phone: (617) 469-4200
  • Listing Agent: Greater Boston Home Team

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: 12/17/2024, 11:55:50 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

YEARPROP. TAXASSESSMENT
2021$6,461$686,600
2020$6,340$690,600
2019$5,913$615,900
2018$5,619$548,700
2017$5,270$499,100

History based on county public records data.

Payment Calculator

$4,684

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,840

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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-4311063
4
/10

  • McGlynn Elementary School

  • 3002 Mystic Valley Pkwy

  • 0.95 miles

  • Public District Grades PK-5

school-card-donut-4311064
4
/10

  • Columbus Elementary School

  • 37 Hicks Ave

  • 1.20 miles

  • Public District Grades PK-5

school-card-donut-4311065
5
/10

  • Roberts Elementary School

  • 35 Court St

  • 1.45 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $93,269. The majority of Medford, MA residents have income between $100k-200k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Medford›02155›38 7th St

This home is located at 38 7th St in Medford, MA and zip code 02155. This 2,508 square foot home, which was built in 1928, sits on a 0.14 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $925,000.

While more than 20 listings in Medford, MA in November 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 10 were sold below. The number of listings in Medford, MA decreased by 26.1% between October 2024 and November 2024. While the average time on the market in November 2024 was 21 days, the median list price was $850,200.

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

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