Welcome to 551 Chestnut St, Athol MA. Discover the investment opportunity or multi-generational home with this fully renovated two-family property- offering modern, updated living spaces and endless potential. Each spacious unit features expansive living space including 3 generously sized bedrooms and 1 beautifully redone bathroom, with modern finishes throughout. The entire home has been upgraded, including new electric, plumbing, new roof, heating system and all-new insulation and drywall. Kitchen features all new cabinetry, stainless steel appliances and granite countertops. An unfinished attic provides exciting potential to expand the living space or add a potential third unit, subject to approval—making this a smart buy for homeowners or investors alike. Perfect for investors, owner-occupants or multi generational living.
Multi-familyProperty Type
1910Year Built
0.28 acresLot Size
$167Est. Price/Sq.Ft.
6 spacesParking
Listed by Kristen Corcoran• Coldwell Banker Realty - Leominster
SO MUCH POTENTIAL! This Athol 2 family is loaded with potential! The 1st floor, with 3 bedrooms and hardwood flooring throughout, has some of the work completed including forced hot air heat, new plumbing lines, some painting and prep work and more. Finish the existing 1st floor projects and owner occupy while finishing the 2nd floor for additional income. 2nd floor offers large, oversized master bedroom plus additional bedroom. Bonus 3rd floor walk up attic has potential for additional space. Full basement, separate utilities. Larger lot with plenty of parking and yard space. Within minutes to downtown, North Quabbin Commons shopping plaza, and Route 2 for easy commuting. Use your tools and vision to bring this property back to life and producing income. Property being sold as-is, with buyer responsible for smoke certificate. Property will not qualify for all types of financing and would best be suitable for cash or rehab loan buyers.
MLS PIN #71219959
Jul 1, 2011
Sold
$27,500
$11/sq ft
Jun 6, 2011
Contingent
—
May 24, 2011
Price Changed
$29,900
$12/sq ft
Apr 21, 2011
Listed
$32,900
$13/sq ft
Needs repairs priced accordingly. Plumbing missing. Good size rooms walk up attic. Lots of potential. Sold as is no repairs. Dry inspections only. Will need rehab loan or cash. Preapproval or proof of funds needed with all offers.
MLS PIN #30786149
Mar 5, 2004
Sold
$140,000
$54/sq ft
Feb 14, 2004
Listing Removed
—
Nov 1, 2003
Listed
$144,900
$56/sq ft
Public Records
Nov 5, 2003
Sold
$75,000
$29/sq ft
MLS PIN #30202299
May 1, 1998
Sold
$55,000
$21/sq ft
Mar 18, 1998
Listing Removed
—
Jan 28, 1998
Listed
$59,900
$23/sq ft
MLS PIN #30058137
May 24, 1996
Sold
$30,000
$12/sq ft
Dec 28, 1995
Listing Removed
—
Jul 17, 1995
Listed
$48,900
$19/sq ft
Public Records
Oct 20, 1988
Sold
$90,000
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,125 (+11.6%)
$32,600 + $190,000
$222,600
2022
$2,801 (+13.0%)
$31,000 + $143,500
$174,500
2021
$2,479 (+8.1%)
$28,200 + $112,200
$140,400
2020
$2,294 (+6.6%)
$25,600 + $107,900
$133,500
2019
$2,152 (−0.9%)
$24,200 + $99,100
$123,300
2018
$2,172 (−4.1%)
$22,000 + $89,000
$111,000
2017
$2,264 (+4.3%)
$22,000 + $89,000
$111,000
2016
$2,171 (+4.2%)
$22,000 + $87,500
$109,500
2015
$2,084 (+3.3%)
$22,000 + $87,500
$109,500
2014
$2,018 (+15.8%)
$22,000 + $87,500
$109,500
2013
$1,742 (−4.8%)
$22,000 + $90,500
$112,500
2012
$1,830 (−12.1%)
$21,000 + $98,000
$119,000
2011
$2,083 (+3.0%)
$21,000 + $126,300
$147,300
2010
$2,022 (+3.1%)
$25,700 + $126,300
$152,000
2009
$1,961
$36,000 + $135,000
$171,000
Tax history for 551 Chestnut St
Year
Property tax
Land + Additions
Assessment*
2023
$3,125 (+11.6%)
$32,600 + $190,000
$222,600
2022
$2,801 (+13.0%)
$31,000 + $143,500
$174,500
2021
$2,479 (+8.1%)
$28,200 + $112,200
$140,400
2020
$2,294 (+6.6%)
$25,600 + $107,900
$133,500
2019
$2,152 (−0.9%)
$24,200 + $99,100
$123,300
2018
$2,172 (−4.1%)
$22,000 + $89,000
$111,000
2017
$2,264 (+4.3%)
$22,000 + $89,000
$111,000
2016
$2,171 (+4.2%)
$22,000 + $87,500
$109,500
2015
$2,084 (+3.3%)
$22,000 + $87,500
$109,500
2014
$2,018 (+15.8%)
$22,000 + $87,500
$109,500
2013
$1,742 (−4.8%)
$22,000 + $90,500
$112,500
2012
$1,830 (−12.1%)
$21,000 + $98,000
$119,000
2011
$2,083 (+3.0%)
$21,000 + $126,300
$147,300
2010
$2,022 (+3.1%)
$25,700 + $126,300
$152,000
2009
$1,961
$36,000 + $135,000
$171,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
2,592
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1447950
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 6
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 2
Laundry Information
Laundry Features: Electric Dryer Hookup, Washer Hookup
Interior Features
# of Rooms (Total): 14
Flooring: Vinyl
Interior Features: Living Room, Kitchen, Family Room, Office/Den
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: N
Unit #2 Information
# of Levels: 2
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 2,592
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 2 Family - 2 Units Up/Down
Lot Information
Lot Size (Acres): 0.28
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $3,462
Tax Year: 2025
Utilities
Utility Information
Utilities: for Electric Dryer, Washer Hookup
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Main st to chestnut
UnparsedAddress: 551 Chestnut St, Athol MA 01331
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, Public School
Public facts
Beds: 6
Baths: 2.0
Sq. Ft.: 2,592
Stories: 2.0
Lot Size: 0.28 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: —
County: Worcester County
APN: 1447950
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Athol Community Elementary School
Public PreK-4 • Assigned • 1.2mi
2/10
Athol-Royalston Middle School
Public 5-8 • Assigned • 1.3mi
4/10
Athol High School
Public 9-12 • Assigned • 1.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 93° expected this year, 17 days in 30 years
4/10 Wind Factor
18% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Athol, MA • 01331
Average low and high temperatures (°F)
29
12
33
13
48
27
59
36
67
46
79
56
83
61
80
55
74
50
61
39
48
31
34
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 4.1 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$412,000 – $498,000
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