NOT LISTED FOR SALE

1025 Broadway Somerville, MA 02144

Estimated Value: $1,606,000 - $2,437,000

6 Beds
3 Baths
2,931 Sq Ft
$690/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $1,275,000 $435 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $12,805/month

4 Days on Market

Highlights

  • City View
  • Property is near public transit
  • Screened Porch
  • Somerville High School Rated A-
  • Wood Flooring
  • 2-minute walk to Lou Ann David Park

About This Home

As of June 2022

Rare opportunity to own this large 14 room, two family home in a Tufts/Davis Sq. location. Both units offer new (2019) gas fired steam boilers, new (2019) gas hot water heaters, new roof installed in 2022. Large eat-in kitchens, 2nd and 3rd floors are freshly painted, hardwood floors and period details throughout. Property has an excellent rental history. Large four car driveway also accompanies this unique property. Close to both Davis Sq. Red Line and future Tufts Green Line train stations. Washers and dryers for each unit are in basement and are included in sale. OH Sat. 04/02 11am - 1pm and Sun. 04/03 1 - 3pm. All offers due by 5pm on Tuesday 04/05/2022.

Last Agent to Sell the Property

Gregory Davidian

Keller Williams Realty Boston-Metro | Back Bay Listed on: 03/30/2022

Keller Williams Realty Boston-Metro | Back Bay

Last Buyer's Agent

Robert Cooper

Flow Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,932

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,931 Sq Ft Home
  • Property has 1 Level
  • Screened Porch
  • City Views
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • Heating Available
  • Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $69,600

Listing and Financial Details

  • Total Actual Rent $5,800
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 748513

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,932

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2.0%
  • Buyer Agency Type: %
  • Transaction Broker: 1.0%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 2931
  • Stories Total: 3
  • MAIN LO: BB5522
  • LIST PRICE PER Sq Ft: 409.08
  • PRICE PER Sq Ft: 435.01
  • MAIN SO: NB4184

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch, Enclosed, Screened
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: City
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Heating: Unit 1(Steam,Gas), Unit 2(Steam,Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 748513
  • Zoning: NR
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 3049
  • PAGE: 360

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11932
  • Tax Book Number: 69047

Multi Family

  • Gross Income: 69600
  • Net Operating Income: 69600
  • Number Of Units Total: 2
  • Total Actual Rent: 5800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2024
Sold by
Bhatia Narain and Bhatia Shashi
Bought by
Bhatia Ft and Bhatia
Current Estimated Value
$2,022,723

Purchase Details

Closed on
Mar 24, 2017
Sold by
Davidian James C
Bought by
James C Davidian 2007 and Davidian

Purchase Details

Closed on
Aug 5, 2016
Sold by
James C Davidian T C and James Davidian
Bought by
Davidian James C

Purchase Details

Closed on
Jun 7, 2012
Sold by
Davidian James C
Bought by
James C Davidian 2007 and Davidian

Purchase Details

Closed on
Jun 30, 2011
Sold by
Lavigne Glen and Lavigne Sandra J
Bought by
Davidian James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2004
Sold by
Lavigne Glen
Bought by
Lavigne Glen R and Lavigne Sandra J
Source: Public Records

Range of Values:

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Average Value
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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
Bhatia Ft -- None Available
Bhatia Ft -- None Available
James C Davidian 2007 -- --
James C Davidian 2007 -- --
Davidian James C -- --
Davidian James C -- --
James C Davidian 2007 -- --
James C Davidian 2007 -- --
Davidian James $675,000 --
Davidian James $675,000 --
Lavigne Glen R -- --
Lavigne Glen R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhatia Narain D $1,000,000
Previous Owner Kta Construction Llc $1,556,250
Previous Owner Davidian James C $470,000
Previous Owner Davidian James $507,000
Previous Owner Davidian James $506,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $1,275,000 +6.3% $435 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $1,199,000 -- $409 / 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 $21,404 $1,961,900 $660,600 $1,301,300
2024 $16,222 $1,542,000 $660,600 $881,400
2023 $13,058 $1,262,900 $660,600 $602,300
2022 $12,296 $1,207,900 $629,100 $578,800
2021 $11,932 $1,171,000 $624,500 $546,500
2020 $11,494 $1,139,100 $624,900 $514,200
2019 $10,863 $1,009,600 $568,900 $440,700
2018 $10,035 $887,300 $517,200 $370,100
2017 $9,844 $843,500 $487,900 $355,600
2016 $9,517 $759,500 $435,700 $323,800
2015 $9,121 $723,300 $402,400 $320,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72959920

MLS Property Information Network (MLS PIN)

APN: SOME-000011-E000000-000019