15 residential units: (8)1br, (1)2br (6)boarding rooms; Additional commerical 1200 sft of retail/restaurant space on ground floor. Total new face and bone: Installed a strong customized roof brand new siding in July 2014; New professional restoration and fixation of the foundation and structures (Pls refer to the attached engineer documents for details). ~380k spent on the works. Just needs works to finish all the internal partitions and rehabs. But It is worth of the money and efforts. Sell AS-IS, buyer to perform own due diligence. Reduced price for quick sale, owner ran out of money to complete this project.
Sold for $300,000 on 06/30/25
$300,000
53 Chestnut St, Spencer, MA 01562
9beds
6,912sqft
5+ Family - 5+ Units Up/Down
Built in 1860
-- sqft lot
$393,100 Zestimate®
$43/sqft
$1,709 Estimated rent
Home value
$393,100
$373,000 - $413,000
$1,709/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 21, 2025 at 05:36am
Listed by:
John Zhang 617-529-3388,
Boston Elite Realty Group 617-388-1715
Bought with:
John Zhang
Boston Elite Realty Group
Source: MLS PIN,MLS#: 73362674
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 18
- Full bathrooms: 9
- 1/2 bathrooms: 9
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 6,912
- Total interior livable area: 6,912 sqft
- Finished area above ground: 6,912
Property
Lot
- Size: 2,660 sqft
- Features: Corner Lot
Details
- Parcel number: M:00U07 B:00235 L:00000,1692729
- Zoning: 999
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Stone
Condition
- Year built: 1860
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Spencer
HOA & financial
Other financial information
- Total actual rent: 10998
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $300,000-24.1%$43/sqft |
Source: MLS PIN #73362674 | ||
| 5/5/2025 | Contingent | $395,000$57/sqft |
Source: MLS PIN #73362674 | ||
| 4/22/2025 | Listed for sale | $395,000+58%$57/sqft |
Source: MLS PIN #73362674 | ||
| 2/15/2021 | Listing removed | -- |
Source: MLS PIN #72590924 | ||
| 6/3/2020 | Listed for sale | $250,000-16.4%$36/sqft |
Source: MLS PIN #72590924 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,079 +9.1% | $177,100 +6.4% |
| 2024 | $1,905 +3.8% | $166,500 +9.4% |
| 2023 | $1,836 -1.8% | $152,200 +7.2% |
Find assessor info on the county website
Neighborhood: 01562
Nearby schools
GreatSchools rating
- 4/10Knox Trail Junior High SchoolGrades: 5-8Distance: 0.6 mi
- 4/10David Prouty High SchoolGrades: 9-12Distance: 1.1 mi
- 2/10Wire Village SchoolGrades: K-4Distance: 1.6 mi
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$393,100
2% more+ $7,862
With Zillow Showcase(estimated)
$400,962