R
Seller's Agent in 2018
Ramsay Fretz
Leading Edge Real Estate
103 Washington St Somerville, MA 02143
East Somerville NeighborhoodEstimated Value: $4,997,000
12
Beds
10
Baths
8,381
Sq Ft
$596/Sq Ft
Est. Value
Highlights
- Balcony
- Somerville High School Rated A-
- 2-minute walk to Glen Park
About This Home
As of August 2018Rare opportunity to develop a FULLY APPROVED 7 unit mixed use building a block away from the proposed Green Line extension. Comprised of Six two-bedroom 1/1.5 bath units, ranging from 993-1058 SqFt each, and one commercial space. Private decks, elevator building and direct access to 7 garage parking spaces will check all the boxes for future buyers. Highlights and current status of the development; Clean 21E (certificate of compliance filed), all utilities cut/capped with site ready for demo, and construction / civil drawings in hand which were completed by a high end and well-respected local architect. Ready to file for building permit and begin construction. Viable for both a quick build / condo with an expected sellout of 5.3+M, or hold as a rental building with strong potential CAP rate while the area continues to develop around the green line extension. The extension has a planned Washington St Stop, which is only a block away at the corner of Washington and Tufts.
Last Agent to Sell the Property
Ramsay Fretz
Leading Edge Real Estate Listed on: 05/31/2018
Co-Listed By
Bill Butler
Leading Edge Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,689
Lot Details
- 5,663
Parking
- 6 Car Garage
Outdoor Features
- Balcony
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 17, 2009
Sold by
Aquino Ida L
Bought by
Ida L Aquino Rt and Aquino
Current Estimated Value
Purchase Details
Closed on
Oct 9, 1997
Sold by
Rex Rt and Beucler
Bought by
Aquino Kenneth A and Aquino Ida L
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ida L Aquino Rt | -- | -- | |
| Ida L Aquino Rt | -- | -- | |
| Aquino Kenneth A | $314,983 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Clover Leaf Capital Hl | $3,462,800 | |
| Closed | Clover Leaf Capital Hl | $3,462,800 | |
| Closed | Washdev Llc | $187,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2018 08/30/18 | Sold | $1,850,000 | -7.5% | $221 / Sq Ft |
| 06/15/2018 06/15/18 | Pending | -- | -- | -- |
| 05/31/2018 05/31/18 | For Sale | $2,000,000 | -- | $239 / 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 | $28,689 | $4,715,600 | $575,000 | $4,140,600 |
| 2024 | $28,689 | $2,727,100 | $575,000 | $2,152,100 |
| 2023 | $13,948 | $1,348,900 | $575,000 | $773,900 |
| 2022 | $9,597 | $942,700 | $575,000 | $367,700 |
| 2021 | $5,911 | $580,100 | $575,000 | $5,100 |
| 2020 | $5,853 | $580,100 | $575,000 | $5,100 |
| 2019 | $7,941 | $458,200 | $365,100 | $93,100 |
| 2018 | $8,136 | $446,800 | $365,100 | $81,700 |
| 2017 | $7,874 | $418,600 | $344,400 | $74,200 |
| 2016 | $7,765 | $384,800 | $316,200 | $68,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Seller Co-Listing Agent in 2018
Bill Butler
Leading Edge Real Estate
-
D
Buyer's Agent in 2018
David Dalton
Leading Edge Real Estate
(617) 872-3538
17 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72337112
APN: SOME-000104-A000000-000060
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