OFF_MARKETRisky Deal362 days on market

41 Chestnut St

41 Chestnut St, Boston, MA 02108, Boston, MA 02108
$5,995,000
Zestimate®:$5,600,000

Listing Price

Property image 1
41 Chestnut St, Boston, MA 02108
Loc: Boston, MA
Days Listed
362
Tax Assessed
$4933k
Zestimate®
$5600k
Market Rate
Lot Size
1,322 sqft
Rent Estimate
$7,456/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Josiah Quincy Elementary School

PK-5
0.7 mi away
3

Quincy Upper School

6-12
0.7 mi away
N/A

Boston Adult Academy

11-12
0.6 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Risky
Confidence Score: 3.5/10
Exercise caution due to potential market volatility.
Cap Rate
0.20%
Total ROI
-9.3%
Cash Flow
$-29,294/mo
DSCR
0.03
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Data provided by Haven AI. Disclaimer

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Haven AI

41 Chestnut Street is a high-profile luxury asset in Boston's prestigious Beacon Hill, but from a conservative investment standpoint, the numbers are challenging. With a monthly rental yield of approximately 0.20%, the gross annual income of roughly $146,880 fails to provide a meaningful cushion against the high carrying costs associated with a $5.99M property. After accounting for Boston property taxes, insurance, and the substantial maintenance requirements of a historic 3,849 sqft structure, investors should expect negative net cash flow. While a 4% appreciation rate provides long-term equity upside, the lack of immediate yield makes this property a wealth-preservation vehicle rather than a viable income-generating investment.

Strengths
  • Premier Beacon Hill location with extreme scarcity and high prestige
  • Consistent 4% annual appreciation forecast typical of core Boston markets
  • Substantial 3,849 sqft living area for a historic urban property
  • High-end tenant demographic reduces credit risk
Considerations
  • Extremely low 0.20% rental yield results in poor debt service coverage
  • Likely negative cash flow after accounting for taxes, insurance, and maintenance
  • High entry price point limits the pool of future buyers
  • Historical masonry and age present significant CAPEX risks
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-07-23Sold$5,600,000$1,455
2026-06-19Pending sale$5,699,000$1,481
2026-06-19Contingent$5,699,000$1,481
2026-06-02Price change$5,699,000$1,481
2025-09-11Price change$5,995,000$1,558
2025-03-20Listed for sale$6,250,000$1,624
2015-07-29Sold$3,877,500$1,007
2015-06-16Pending sale$4,095,000$1,064
2015-05-13Price change$4,095,000$1,064
2015-02-24Listed for sale$4,295,000$1,116
2015-02-20Pending sale$4,295,000$1,116
2014-10-07Price change$4,295,000$1,116
2014-07-14Listed for sale$4,495,000$1,168
2003-01-21Sold$2,800,000$727
1991-07-08Sold$123,976$32
1990-07-23Sold$1,100,000$286

Tax History

YearProperty TaxTax Assessment
2025$57,124$4,933,000
2024$52,022$4,772,700
2023$51,259$4,772,700
2022$49,454$4,545,400
2021$47,549$4,456,300
2020$47,025$4,453,100
2019$44,709$4,241,800
2018$41,562$3,965,800
2017$9,987.18$3,777,000
2016$39,949$3,631,700
2015$40,604$3,352,900
2014$42,879$3,408,500
2013$41,470$3,156,000
2012$38,143$2,925,100
2011$36,456$2,850,330
2010$31,946$2,689,050
2009$29,524$2,777,400
2008$30,454$2,776,100
2007$31,489$2,865,200
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
4
Sq Ft
3,849
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $5,995,000Rent Basis: Observed Comp Model ($7,456/mo)State Tax Benchmark: 1.23% (MA)Hazard Reserve: $1,749/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
-0.21%

NOI: $-12,770/yr

Cash-on-Cash Yield
-28.0%

On $1,378,850 invested

DSCR Ratio
-0.03x

Negative debt coverage

5-Yr Leveraged ROI
+-45.8%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.23% of basis)-$5,056/mo
Homeowner / Hazard Insurance-$1,749/mo
Vacancy Reserve (5% of rent)-$373/mo
Repairs & Maintenance (10% of rent)-$746/mo
Property Management (8% of rent)-$596/mo
Total Pure Operating Expenses-$8,520/mo
Net Investor Cash Flow
Gross Scheduled Rent+$7,456/mo
Less: Operating Expenses-$8,520/mo
Net Operating Income (NOI)+$-1,064/mo
Less: Debt Service (30yr @ 6.75%)-$31,107/mo
Net Cash Flow
$-32,171/mo
$-386,052/year
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