NE Provenance

1 Forbes St

Chelsea, MA 02150

Institutional
Owner
For...
Owner Type
LLC
Tenure
21 yrs
Built
2008
Sq Ft
—
Lot
—
Bed/Bath
—
Type
Institutional
Elevated Risks24Fire GradeBFloodAESurgeCat 1

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1 Forbes St, Chelsea, MA 02150— Property Report

Home& Property Details

1 Forbes St is a Condominium institutional built in 2008 located in Chelsea, SUFFOLK County, MA.

Flood Zone & Natural Hazard Assessment

1 Forbes St is in FEMA flood zone AE. This is a Special Flood Hazard Area (SFHA) where flood insurance is typically required for federally backed mortgages. The property falls within a Category 1 hurricane storm surge inundation zone based on NOAA SLOSH modeling. This property is at risk of inundation under a 1-foot sea level rise scenario. The FEMA National Risk Index composite rating for this area is Relatively Low. The ASCE 7-22 design wind speed for this location is 123 mph. The ground snow load is 40 psf. The EPA radon zone is 1 (highest potential).

Fire Protection

NE Provenance rates the fire protection for 1 Forbes St at Grade B (Strong fire protection access). The nearest fire station, REVERE FIRE DEPARTMENT, is 0.7 miles away. This grade reflects fire station proximity, department capabilities, hydrant coverage, and municipal water infrastructure. Properties with Grade A or B typically receive favorable insurance rates due to strong fire protection infrastructure.

Building Permits & Property History

The property last sold on December 31, 2004 for $8,830,000.

Environmental & Land Use

1 Forbes St is classified as a waterfront property.

ChelseaNeighborhood & Community

1 Forbes St is located in Chelsea, SUFFOLK County, MA. The property is zoned W (Waterfront District). The median home value in this census tract is $426,600. The owner-occupancy rate in the surrounding area is 28%. The property is served by the Chelsea school district.

Full Property Intelligence Report

The complete NE Provenance report for 1 Forbes St, Chelsea, MA includes over 430 data attributes sourced from 140+ public and proprietary datasets. The full report covers building construction and materials, NEP Condition Estimate derived from permit history, system ages for roof, electrical, plumbing, and HVAC, complete ownership and deed chain with transaction classification, FEMA flood and coastal hazard analysis, environmental contamination screening, and neighborhood demographics. Available as a professional property wallet, PDF report, or structured data export.