Seller's Agent in 2023
Steve Bremis
Steve Bremis Realty Group
(617) 828-1070
4 in this area
206 Total Sales
100 Cross St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $1,308,664
4
Beds
4.5
Baths
3,218
Sq Ft
$407/Sq Ft
Est. Value
Highlights
- 0.14 Acre Lot
- Property is near public transit
- 4-minute walk to Glen Park
- Somerville High School Rated A-
About This Home
As of July 2023LESS THAN HALF A MILE TO THE NEW EAST SOMERVILLE GREEN LINE STOP... VERY RARE FIND... ALL 4 RESIDENTIAL UNITS HAVE A REMOVAL PERMIT TO DO A CONDO CONVERSION...no wait, no typical red tape, YOU'RE GOOD TO GO!. FIVE CAR NON TANDEM PARKING...Two seperate but attached structures. This is MIXED USE PROPERTY w/ 2 buildings...including a seperate commercial office... the other attached building includes 4 residential units. The commercial side has a reception area, conference room & 3 seperate offices w/ rear storage area. The residential structure has 4 units including 2 - studios and 2 - one bedroom units. The residential side includes a vacant unit, two other units are leaving (and on the list for housing) and the other residential lease expires at the end of December. Possible expansion of 102 side could potentially add up to 2,000 sq ft. The commercial side must stay commercial and can not be converted to residential. Seperate utilities. FANTASTIC INVESTMENT OR FUTURE CONVERSION!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,006
Year Built
- Built in 1900
Lot Details
- 5,881
Home Design
- 3,218 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Frame Construction
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 5 Car Parking Spaces
- Driveway
- Paved Parking
- On-Street Parking
- Open Parking
- Off-Street Parking
Additional Features
- 5,881 Sq Ft Lot
- Property is near public transit
- 5 Heating Zones
Listing and Financial Details
- Total Actual Rent $9,999
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Net Operating Income $70,800
Matterport 3D Tours
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2022
Closed on
Jul 14, 2023
Sold by
100-102 Cross Street Llc
Bought by
Davison Ft and Davison
Seller's Agent
Steve Bremis
Steve Bremis Realty Group
Buyer's Agent
Andrew Chapman
Four Points Real Estate, LLC
List Price
$1,399,900
Sold Price
$1,300,000
Premium/Discount to List
-$99,900
-7.14%
Views
151
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,664
Avg. Annual Appreciation
1.08%
Original Mortgage
$1,040,000
Outstanding Balance
$1,013,127
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$320,998
Purchase Details
Closed on
Feb 12, 2020
Sold by
Douglas Kevin M and Douglas Wayne
Bought by
100-102 Cross Street Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Davison Ft | $1,300,000 | None Available | |
| 100-102 Cross Street Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davison Ft | $1,040,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/14/2023 07/14/23 | Sold | $1,300,000 | -3.7% | $404 / Sq Ft |
| 02/13/2023 02/13/23 | Pending | -- | -- | -- |
| 01/26/2023 01/26/23 | Price Changed | $1,349,900 | -3.6% | $419 / Sq Ft |
| 10/17/2022 10/17/22 | For Sale | $1,399,900 | -- | $435 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | -- | $1,391,800 | $657,500 | $734,300 |
| 2024 | -- | $1,246,300 | $657,500 | $588,800 |
| 2023 | $0 | $1,232,500 | $657,500 | $575,000 |
| 2022 | $0 | $1,187,300 | $626,200 | $561,100 |
| 2021 | $0 | $1,129,700 | $596,300 | $533,400 |
| 2020 | $13,931 | $1,072,200 | $573,400 | $498,800 |
| 2019 | $12,079 | $997,400 | $498,600 | $498,800 |
| 2018 | $12,879 | $875,900 | $453,300 | $422,600 |
| 2017 | -- | $810,900 | $427,600 | $383,300 |
| 2016 | -- | $556,500 | $219,300 | $337,200 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bremis
-
Andrew Chapman
Buyer's Agent in 2023
Andrew Chapman
Four Points Real Estate, LLC
(617) 306-3926
1 in this area
52 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73048966
APN: SOME-000092-E000000-000027
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