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Backup Offers

57 Oak Island St, Revere, MA, 02151

$750,000

Home List Price

$8,906*

Closing Credit

6 Bedrooms
3 Full Baths
3,305 SqFt
$227/SqFt
Multi
Schools Nearby

Location

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57 Oak Island St, Revere$750,000

Buyer Closing Credits

$8,906*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1939
BasementYes
WaterfrontBeach, Ocean Front
MLS #73231294
Lot Size0.19 Acres
StatusAccepting Backup Offers
(Contingent)

About 57 Oak Island St

Introducing a fantastic opportunity in Revere! This 3-family property offers great potential for savvy investors or owner-occupants looking to customize a home or add to their rental portfolio. Each unit currently features 2 bedrooms and 1 bathroom, but with its spacious layout there's room for reconfiguration – imagine the possibility of 3 bedrooms and/or 2 bathrooms per unit! This property presents a blank canvas for your vision. Situated on a HUGE lot of land just one block from the beach [WATER VIEWS FROM THE 3RD AND 4TH FLOORS!], there's ample space for expansion or outdoor amenities. The property will be delivered vacant at closing providing a fresh start. All systems are at EOL. Parking is currently available on the street with a permit, but the expansive lot allows for the possibility of adding a permitted driveway – a valuable convenience in the city. Don't miss out on this incredible opportunity! Great location, close to beach, all public trans, highway, and all amenities.

Property Details

Property Features

Property Information:

  • Year Built: 1939
  • Living Area: 3,305 SqFt

Listing Office:

  • Office Name: Senne
  • Listing Agent: Lisa Sheehan

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Beach, Ocean Front

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.19 Acres

Other

Directions Information:

  • Directions: Revere Beach Blvd or N Shore Rd to Oak Island Street. Please use GPS.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $227/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2

Tax Information:

  • Annual Amount: $6,723
  • Tax Year: 2021
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Housing Market Comparison

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

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Revere, MA

City

Med. Sold Price

$600K

Med. Price/SqFt

$363

Avg. Days On Market

24

# of Sold Homes

28

57 Oak Island St vs Revere

20 DAYS ON ROCKET

-4 Days

$750,000

+$150K More

$227/SqFt

-$137 Less

KEY TAKEAWAY

This property is $150K more than the Median Sold Price and $137/SqFt less than other homes in Revere, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73231294

Listing Office:

  • Office Name: Senne
  • Listing Agent: Lisa Sheehan

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/22/2024, 11:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 14, 1990Home Sold
$83,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,723$607,900
2020$6,560$582,600
2019$5,971$493,100
2018$6,002$463,100
2017$5,525$394,900

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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.

Nearby Schools

school-card-donut-6087426
4
/10

  • Paul Revere

  • 395 Revere St

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-6087427
3
/10

  • Abraham Lincoln

  • 68 Tuckerman St

  • 1.38 miles

  • Public District Grades PK-5

school-card-donut-6087428
6
/10

  • Garfield Elementary School

  • 176 Garfield Ave

  • 1.52 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 $38,869. The most common annual income of people living in Revere, MA is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Suffolk County›Revere›02151›57 Oak Island St

This home is located at 57 Oak Island St in Revere, MA and zip code 02151. This 3,305 square foot home, which was built in 1939, sits on a 0.19 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $750,000.

In April 2024, from all listings sold in Revere, MA there were more than 15 sold above asking price, over 11 sold below and more than 2 were sold right at the asked price. In April 2024 in Revere, MA there were 4.4% more homes for sale than in March 2024. While the average time on the market in April 2024 was 24 days, the median list price was $600,000.

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

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