NOT LISTED FOR SALE

103 Marion St Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,689,000 - $1,938,000

12 Beds
3 Baths
4,197 Sq Ft
$441/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $1,050,000 $250 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $12,167/month

20 Days on Market

About This Home

As of January 2016

Large 3 family home with great bones! Investors dream! Each unit is large with 4 bedrooms and 1 bath. Location, Location, Location! House has been in same family for over 42 years... Unit 1 and 2 have large eat in kitchens with pantries. Rear porches on every unit. Unit 1 and 2 Dining Rooms were converted to bedrooms, can be changed back to 3 beds with dining rooms easily. 2 car driveway tandem parking.. Walk score of 89! Only a few short blocks to bustling Inman Square. All units are dated and need a make-over.. Condo conversion or keep and rent....

Last Agent to Sell the Property

Paul Domelowicz

Hotu Realty Listed on: 08/11/2015

Last Buyer's Agent

Irene Bremis

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 19
  • Amenities: Shopping, Park, Medical Facility, Laundromat, Public School, University
  • Flooring: Wood

Exterior Features

  • Roof: Rubber
  • Exterior: Shingles, Asbestos
  • Exterior Features: Porch, Fenced Yard
  • Foundation: Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Tandem, On Street Permit
  • Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: RB

Multi Family

  • Total Bedrooms: 12
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2015
Closed on
Jan 29, 2016
Sold by
Devereaux Mary L
Bought by
Lewis David B and Nurpeisova Jansulu
Seller's Agent
Paul Domelowicz
Hotu Realty
Buyer's Agent
Irene Bremis
LAER Realty Partners
List Price
$1,249,900
Sold Price
$1,050,000
Premium/Discount to List
-$199,900
-15.99%
Current Estimated Value
$1,978,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$928,333
Avg. Annual Appreciation
5.92%
Original Mortgage
$1,160,000
Outstanding Balance
$925,331
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$927,336
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
Lewis David B $1,040,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis David B $1,160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2016 01/29/16 Sold $1,050,000 -16.0% $250 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/11/2015 08/11/15 For Sale $1,249,900 -- $298 / 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 $21,135 $1,937,200 $715,100 $1,222,100
2024 $19,815 $1,883,600 $715,100 $1,168,500
2023 $19,338 $1,870,200 $715,100 $1,155,100
2022 $18,466 $1,813,900 $681,100 $1,132,800
2021 $17,745 $1,741,400 $648,700 $1,092,700
2020 $17,318 $1,716,400 $623,700 $1,092,700
2019 $16,017 $1,488,600 $529,700 $958,900
2018 $13,416 $1,186,200 $481,500 $704,700
2017 $12,897 $1,105,100 $436,100 $669,000
2016 $10,109 $806,800 $428,600 $378,200
2015 $9,388 $744,500 $395,400 $349,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paul Domelowicz

    Hotu Realty

    Section Image
  • Irene Bremis

    Buyer's Agent in 2016

    Irene Bremis

    Laer Realty

    (617) 460-2208

    8 Total Sales

    Irene Bremis
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71887629

MLS Property Information Network (MLS PIN)

APN: SOME-000065-A000000-000025

Massachusetts Middlesex County Somerville 02143 Prospect Hill

103 Marion St, Somerville, MA

Not Listed for Sale

MultiFamily

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