Bobbie Botticelli
Colonial Manor Realty
(781) 512-7856
71 Total Sales
1 in Prospect Hill
$1,300,000 Price
1 Beacon St Somerville, MA 02143
Prospect Hill Neighborhood
16
Beds
8
Baths
6,812
Sq Ft
5,662
Sq Ft Lot
Highlights
- Medical Services
- 0.13 Acre Lot
- Property is near public transit and schools
- Somerville High School Rated A-
- Deck
- Corner Lot
About This Home
As of July 2024One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,909
Year Built
- Built in 1900
Lot Details
- 5,662 Sq Ft Lot
- Corner Lot
Home Design
- 6,812 Sq Ft Home
- Rubber Roof
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit and schools
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Additional Features
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $28,550
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number 758571
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Building Details
- Operating Expense $69,983
- Net Operating Income $294,966
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Prospect Hill, MA
-
Bobbie Botticelli
-
Issam Dib
Issam Dib
Skyline Realty
(781) 776-5266
37 Total Sales
1 in Prospect Hill
$585,000 Price
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
168 Total Sales
9 in Prospect Hill
$815K - $1.8M Price Range
-
Stockman Farrar Group
Stockman Farrar Group
Berkshire Hathaway HomeServices Commonwealth Real Estate
(781) 208-5870
62 Total Sales
1 in Prospect Hill
$592,000 Price
-
Matthew Foley
Matthew Foley
Fenway Property Advisors
(339) 213-8796
52 Total Sales
1 in Prospect Hill
$912,000 Price
-
Claudia Urquijo
CU
Claudia Urquijo
Maven Realty
(857) 353-8624
13 Total Sales
1 in Prospect Hill
$715,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $4,250,000 | -3.4% | $624 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | Price Changed | $4,400,000 | -3.3% | $646 / Sq Ft |
| 06/05/2024 06/05/24 | Price Changed | $4,550,000 | -1.1% | $668 / Sq Ft |
| 04/19/2024 04/19/24 | For Sale | $4,600,000 | -- | $675 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Agents Affiliated with this Home
-
John Pentore
Seller's Agent in 2024
John Pentore
Horvath & Tremblay
(781) 484-8166
2 in this area
43 Total Sales
-
Siyin Qu
Buyer's Agent in 2024
Siyin Qu
eXp Realty LLC - Corporate Office
(888) 854-7493
2 in this area
27 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73226159
APN: SOME 76-E-9
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 17 Hammond St Unit 2
- 33 Beacon St
- 31 Houghton St Unit A
- 36 Oak St Unit 1
- 1249 Cambridge St Unit 3
- 113 Antrim St Unit 3
- 65 Beacon St Unit 403
- 328 Prospect St Unit C
- 135 Tremont St
- 32 Fayette St
- 20 Marie Ave Unit 1
- 42 Calvin St
- 68 Antrim St Unit 1
- 22 Fayette St Unit 3
- 182 Tremont St Unit 2
- 94 Amory St Unit 2
- 387 Norfolk St Unit 1
- 387 Norfolk St
- 387 Norfolk St Unit 387-2
- 387 Norfolk St Unit 3
- 38 Dickinson St
- 38 Dickinson St
- 38 Dickinson St Unit 1
- 34 Dickinson St
- 40 Dickinson St
- 30 Dickinson St
- 44 Dickinson St
- 33 Dickinson St
- 34 Springfield St Unit 2
- 34 Springfield St Unit 3
- 34 Springfield St
- 31 Dickinson St
- 46 Dickinson St
- 28 Dickinson St
- 45 Dickinson St
- 45 Dickinson St Unit 2
- 12 Grand View Ave Unit 3
- 32 Springfield St
- 36 Springfield St
- 30 Springfield St
Your Personal Tour Guide
Ask me questions while you tour the home.