NOT LISTED FOR SALE
18 Beds
6 Baths
8,060 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: September 22, 2021

Last sale price $2,500,000 $310 Per Sq Ft

6 Days on Market

Highlights

  • Medical Services
  • 0.15 Acre Lot
  • Property is near public transit and schools
  • Somerville High School Rated A-
  • Deck
  • 1-minute walk to Edward L. Leathers Community Park

About This Home

As of September 2021

Attention investors looking to expand your portfolio and developers looking to build in the extremely desirable Winter Hill neighborhood of Somerville! This massive 6 unit building at 109 Walnut is nestled on a tree-lined one-way street and is directly across from the new Gilman Square green line stop! This property has been very well maintained throughout the years and features many mechanical and cosmetic updates throughout. 7 electrical meters and breaker boxes, one for each unit and the common areas. Separate heat and hot water. Landlord pays common electric & water, the tenants are responsible for all other utilities. Very low maintenance! Brand new fire alarms were installed in the front and rear egresses in 2020 as well. Each unit is 1300+ liv sqft w/ high ceilings, 3 bedrooms, 1 bath, living room, and a full eat-in kitchen with either a pantry or laundry room. Off street tandem parking and a large fenced in yard as well. Current rents are under market. Tenants are all TAW 8/31.

Last Agent to Sell the Property

Taylor Johnson

Keller Williams Realty Evolution Listed on: 07/14/2021

Keller Williams Realty Evolution

Last Buyer's Agent

North Star Group

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,029

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced
  • Level Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 8,060 Sq Ft Home
  • Insulated Windows
  • Basement Fills Entire Space Under The House
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Location

  • Property is near public transit and schools

Schools

  • E Somerville Elementary School
  • Next Wave Middle School
  • Somerville High School

Utilities

  • 6 Heating Zones
  • Separate Meters
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $7,800
  • Assessor Parcel Number M:79 B:A L:5,758859

Community Details

Overview

  • 6 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $300
  • Insurance Expense $4,684
  • Water Sewer Expense $9,300
  • Operating Expense $20,084
  • Net Operating Income $57,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,029

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile,Hardwood
  • Interior Amenities: Other (See Remarks)
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 18
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 8060
  • Stories Total: 9
  • Window Features: Insulated Windows
  • MAIN LO: AN2383
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck - Wood, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, On Street, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Electric: Circuit Breakers, Individually Metered
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks

Fee Information

  • Water Sewer Expenses: 9300

Lot Info

  • Parcel Number: M:79 B:A L:5,758859
  • Zoning: BA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Lot Size Units: Acres
  • LOT SIZE: 6736

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 19029

Multi Family

  • Electric Expense: 300
  • Insurance Expense: 4684
  • Net Operating Income: 57916
  • Number Of Units Total: 6
  • Operating Expense: 20084
  • Total Actual Rent: 7800
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Somerville
  • Elementary School: E Somerville
  • Middle Or Junior School: Next Wave

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,500,000 None Available
Theurer Brian T $160,000 --
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 $2,300,000
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
09/22/2021 09/22/21 Sold $2,500,000 -3.1% $310 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $2,579,000 -- $320 / 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 $22,583 $2,069,900 $573,600 $1,496,300
2024 $21,644 $2,057,400 $573,600 $1,483,800
2023 $20,418 $1,974,700 $573,600 $1,401,100
2022 $19,824 $1,947,300 $546,200 $1,401,100
2021 $19,029 $1,867,400 $520,200 $1,347,200
2020 $18,036 $1,787,500 $500,100 $1,287,400
2019 $15,954 $1,482,700 $434,900 $1,047,800
2018 $14,631 $1,293,600 $395,400 $898,200
2017 $13,437 $1,151,400 $373,000 $778,400
2016 $13,616 $1,086,700 $338,300 $748,400
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72865756

MLS Property Information Network (MLS PIN)
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