Seller's Agent in 2018
Ramsay Fretz
Leading Edge Real Estate
(617) 502-6500
1 in this area
84 Total Sales
103 Washington St Somerville, MA 02143
East Somerville NeighborhoodEstimated Value: $4,095,000
12
Beds
10
Baths
8,381
Sq Ft
$489/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.
Property Details
Home Type
- Multi-Family
Lot Details
- 5,663
Parking
- 6 Car Garage
Outdoor Features
- Balcony
Additional Features
- Basement
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2018
Closed on
Aug 30, 2018
Sold by
Bought by
Seller's Agent
Ramsay Fretz
Leading Edge Real Estate
Buyer's Agent
David Dalton
Leading Edge Real Estate
List Price
$2,000,000
Sold Price
$1,850,000
Premium/Discount to List
-$150,000
-7.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,245,000
Original Mortgage
$3,462,800
Outstanding Balance
$2,969,338
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 17, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 17, 2009
Sold by
Bought by
Purchase Details
Closed on
Oct 9, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,850,000 | -- | ||
| $1,850,000 | -- | ||
| $1,850,000 | -- | ||
| $375,000 | -- | ||
| $375,000 | -- | ||
| $375,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $314,983 | -- | ||
| $314,983 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,462,800 | ||
| Closed | $3,462,800 | ||
| Previous Owner | $187,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $51,447 | $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
-
Ramsay Fretz
-
Bill Butler
Seller Co-Listing Agent in 2018
Bill Butler
Leading Edge Real Estate
(617) 771-9376
11 Total Sales
-
David Dalton
D
Buyer's Agent in 2018
David Dalton
Leading Edge Real Estate
(617) 872-3538
16 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72337112
APN: SOME-000104-A000000-000060
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.
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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