NOT LISTED FOR SALE

1002 Broadway Somerville, MA 02144

Estimated Value: $1,611,000 - $2,003,000

8 Beds
3 Baths
2,869 Sq Ft
$645/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $1,675,000 $584 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,432/month

6 Days on Market

About This Home

As of October 2021

Location! Location! Location! GORGEOUS 3 family home w/strong rental history offers a turn-key opportunity for owner occupants and/or investors. The home is perfectly situated in Somerville's MOST DESIRABLE location and includes PARKING for 3 cars, just steps to DAVIS SQ, Tufts University, the RED line & just a short walk to the proposed GREEN line ext. All units boast beautiful kitchens & baths w/stainless steel appliances & granite/quartz counters, gleaming hardwood floors, high ceilings, gas heating & in-unit laundry.Heating systems & hot water tanks were replaced over the past 2-6 yrs.Roof is approx 13yrs & 3rd floor front porch was replaced 2yrs ago w/weather resistant materials. Unit 1 will be delivered vacant. Units 2 & 3 leased through Aug 31,2022. OPEN HOUSES Sat 8/21 & Sun 8/22 @12-1:30pm Mon 8/23 @6-7pm. GROUP SHOWING Tues 8/24 PROMPTLY@4pm. All are welcome. Offers due Wed 8/25 @3pm.

Last Agent to Sell the Property

Michelle Joslin

Leading Edge Real Estate Listed on: 08/19/2021

Leading Edge Real Estate

Last Buyer's Agent

Michelle Joslin

Leading Edge Real Estate Listed on: 08/19/2021

Leading Edge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,104

Year Built

  • 1910

Lot Details

  • 3,049

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,104

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Follow GPS to Broadway in West Somerville (In between Corinthian Rd and Simpson Ave)
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer / Dryer Combo), Unit 2(Range,Dishwasher,Refrigerator,Washer / Dryer Combo), Unit 3(Range,Dishwasher,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Has Basement: Full
  • Total Bathrooms: 3
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 540.26
  • PRICE PER Sq Ft: 583.83
  • MAIN SO: AN4643
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans,High Speed Internet Hookup,Bathroom With Tub & Shower), Unit 2(High Speed Internet Hookup,Bathroom With Tub & Shower), Unit 3(High Speed Internet Hookup,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 6

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Foundation Details: Block
  • Disclosures: Please See Seller's Disclosure. List Agent Has An Ownership Interest In Home. Sold As Is.Taxes Do Not Reflect Owner Occupied Discount.
  • Exclusions: Tenant Property
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Rent Includes: Unit 2(Water), Unit 3(Water)

Lot Info

  • LOT SIZE: 3125
  • PAGE: 376
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3049.2
  • Zoning: Res

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 67200
  • Property Net Operating Income: 67200
  • Number Of Units Total: 3
  • Total Actual Rent: 5600

Tax Info

  • Tax Annual Amount: 13076.83
  • Tax Book Number: 66453
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 12, 2021
Sold by
Joslin-Chaves Michelle and Chaves Paul
Bought by
Lam Brandon
Seller's Agent
Michelle Joslin
Leading Edge Real Estate
Buyer's Agent
Michelle Joslin
Leading Edge Real Estate
List Price
$1,550,000
Sold Price
$1,675,000
Premium/Discount to List
$125,000
8.06%
Total Days on Market
6
Current Estimated Value
$1,851,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,865
Avg. Annual Appreciation
2.29%
Original Mortgage
$1,340,000
Outstanding Balance
$1,232,512
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$596,063

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 5, 2021
Sold by
Chaves Paul and Joslin-Chaves Michelle
Bought by
Chaves Paul and Joslin-Chaves Michelle
Seller's Agent
Michelle Joslin
Leading Edge Real Estate
Buyer's Agent
Michelle Joslin
Leading Edge Real Estate
List Price
$1,550,000
Sold Price
$1,675,000
Premium/Discount to List
$125,000
8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Outstanding Balance
$1,232,512
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$596,063

Purchase Details

Closed on
Nov 30, 2015
Sold by
Joslin Wayne and Joslin Linda
Bought by
Chaves Paul and Joslin-Chaves Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lam Brandon $1,675,000 None Available
Chaves Paul -- None Available
Chaves Paul $910,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Brandon $1,340,000
Previous Owner Chaves Paul A $639,000
Previous Owner Chaves Paul $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $1,675,000 +8.1% $584 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $1,550,000 -- $540 / 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 $16,104 $1,476,100 $669,200 $806,900
2024 $15,160 $1,441,100 $669,200 $771,900
2023 $15,205 $1,470,500 $669,200 $801,300
2022 $13,832 $1,358,700 $637,300 $721,400
2021 $13,077 $1,283,300 $632,700 $650,600
2020 $12,510 $1,239,800 $633,100 $606,700
2019 $11,823 $1,098,800 $576,300 $522,500
2018 $10,881 $962,100 $523,900 $438,200
2017 $10,725 $919,000 $494,300 $424,700
2016 $8,935 $713,100 $441,400 $271,700
2015 $8,480 $672,500 $407,600 $264,900
Source: Public Records

Agents Affiliated with this Home

  • Michelle Joslin

    Seller's Agent in 2021

    Michelle Joslin

    Leading Edge Real Estate

    (781) 760-7865

    46 Total Sales

    Michelle Joslin
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72884150

MLS Property Information Network (MLS PIN)

APN: SOME-000012-C000000-000002

Massachusetts Middlesex County Somerville 02144

1002 Broadway, Somerville, MA

This home is located at 1002 Broadway, Somerville, MA 02144 since 19 August 2021 and is currently estimated at $1,851,865, approximately $645 per square foot. This property was built in 1910. 1002 Broadway is a home located in Middlesex County with nearby schools including Somerville High School, St. Clement Elementary School, and International School of Boston.

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.

MLS Property Information Network (MLS PIN) 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.

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