NOT LISTED FOR SALE

10 Magnus Ave Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,978,000 - $2,739,863

12 Beds
3 Baths
4,043 Sq Ft
$547/Sq Ft Est. Value

Last Sold May 14, 2020

Last sale price $1,795,000 $444 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $13,292/month

4 Days on Market

Highlights

  • Screened Porch
  • Somerville High School Rated A-
  • 1-minute walk to Perry Park

About This Home

As of May 2020

Cash flowing three family in great condition in a fantastic location between Inman Square and Union Square, and convenient to Harvard University. Union Square's new MBTA Green line station estimated to open in 2021. Each 4 bedroom apartment has updated kitchens, a convenient layout, and a private exterior space. A great opportunity for the savvy investor, with leases in place and opportunities for value creation. Apartment #3 has renewed at increased rent of $4,313 through 8/31/21. Video Tours and private showings available by appointment, offers will be reviewed as presented, but must be submitted by no later than Noon on Tuesday March 31st.

Last Agent to Sell the Property

Britany Caruso

Senne Listed on: 03/27/2020

Senne

Co-Listed By

Brian Gallagher

Senne

Last Buyer's Agent

Britany Caruso

Senne Listed on: 03/27/2020

Senne

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,049

Interior Spaces

  • Screened Porch
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 443.98
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1925
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1925

Interior Features

  • Total Flrs: 6
  • No Bedrooms: 12
  • Total Brs: 12
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Main Lo: AN3723
  • Main So: AN3723
  • Estimated Sq Ft: 4043.00

Exterior Features

  • Construction: Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior Features: Porch, Porch - Screened
  • Foundation: Concrete Block

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessments: 1693600.00
  • Acre: 0.07
  • Lot Size: 2936.00
  • Page: 81
  • Zoning: RB
  • Lot Description: Level

Multi Family

  • Total Levels: 3
  • Total Rent: 12238
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 17088.42
  • Assessor Parcel Number: 756977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2020
Closed on
May 13, 2020
Sold by
Duo Investments Llc
Bought by
Tldd 6 Rt
Seller's Agent
Britany Caruso
Senne
Buyer's Agent
Britany Caruso
Senne
List Price
$1,795,000
Sold Price
$1,795,000
Current Estimated Value
$2,196,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,462
Avg. Annual Appreciation
3.79%
Original Mortgage
$1,400,000
Outstanding Balance
$1,235,147
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$975,319

Purchase Details

Closed on
May 4, 2015
Sold by
Weeks J C
Bought by
Duo Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tldd 6 Rt $1,795,000 None Available
Duo Investments Llc $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tldd 6 Rt $1,400,000
Previous Owner Duo Investments Llc $1,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $1,795,000 0.0% $444 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/27/2020 03/27/20 For Sale $1,795,000 -- $444 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,854 $1,911,500 $709,700 $1,201,800
2024 $19,556 $1,858,900 $709,700 $1,149,200
2023 $19,086 $1,845,800 $709,700 $1,136,100
2022 $18,221 $1,789,900 $675,800 $1,114,100
2021 $17,509 $1,718,300 $643,700 $1,074,600
2020 $17,088 $1,693,600 $619,000 $1,074,600
2019 $15,803 $1,468,700 $525,600 $943,100
2018 $13,242 $1,170,800 $477,800 $693,000
2017 $12,727 $1,090,600 $432,700 $657,900
2016 $12,475 $995,600 $425,400 $570,200
2015 -- $805,600 $392,400 $413,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Britany Caruso

    Senne

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72638409

MLS Property Information Network (MLS PIN)

APN: SOME-000065-B000000-000004

Massachusetts Middlesex County Somerville 02143 Prospect Hill

10 Magnus Ave, Somerville, MA

Not Listed for Sale

MultiFamily

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