NOT LISTED FOR SALE

1002 Broadway Somerville, MA 02144

Estimated Value: $1,535,000 - $1,983,000

8 Beds
3 Baths
2,869 Sq Ft
$637/Sq Ft Est. Value

Last Sold October 13, 2021

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

Est. 9% increase in value since last sale

Current estimated payment $11,607/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
$1,828,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,575
Avg. Annual Appreciation
2.44%
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

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Range of Values:

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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

    47 Total Sales

    Michelle Joslin
    Section Image
See All Agents

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 $1,828,575, approximately $637 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.

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