NOT LISTED FOR SALE

115 Pearson Rd Somerville, MA 02144

Estimated Value: $1,285,231 - $1,542,000

7 Beds
3 Baths
3,216 Sq Ft
$442/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $1,450,000 $451 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,305/month

30 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • 1 Car Garage
  • Somerville High School Rated A-
  • Tandem Parking

About This Home

As of July 2024

Bright 4 Bedroom 2 Bath Newly Renovated w/ Brand New Kitchen and more!

Be the first to live in this spacious, bright and newly renovated 4-bedroom, 2 bathroom unit in a multifamily house.
This unit features:
- BRAND NEW kitchen
- lots of storage
- efficient gas heating
- FREE laundry in the basement
- Tandem parking included
- Great location
- Sunny, Bright and Spacious

More picture to follow after renovation.

Note: There is a one-month broker fee.

Last Agent to Sell the Property

Deanna Salemme

Coldwell Banker Realty - Newton Listed on: 04/01/2024

Coldwell Banker Realty - Newton

Last Buyer's Agent

Carlos Xu

Lexwin Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,481

Year Built

  • Built in 1910

Lot Details

  • 4,539

Parking

  • 1 Car Garage
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Slate Roof

Interior Spaces

  • 3,216 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Porch
  • 4,539 Sq Ft Lot
  • 2 Heating Zones

Community Details

  • 2 Units
  • Net Operating Income $67,800

Listing and Financial Details

  • Total Actual Rent $6,650
  • Assessor Parcel Number M:18 B:A L:6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,481

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Vinyl
  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3216
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6181
  • MAIN SO: AN2577

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Slate
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:18 B:A L:6
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4539
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10481

Multi Family

  • Net Operating Income: 67800
  • Number Of Units Total: 2
  • Total Actual Rent: 6650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 1991
Sold by
Mcsweeney Robert G
Bought by
Pearson Grp Lp
Current Estimated Value
$1,421,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
9.69%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Pearson Grp Lp $230,000 --
Pearson Grp Lp $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pearson Grp Lp $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2024 09/18/24 Price Changed $5,200 +4.0% $5 / Sq Ft
09/01/2024 09/01/24 For Rent $5,000 0.0% --
07/01/2024 07/01/24 Sold $1,450,000 +45.1% $451 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $999,000 -- $311 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $10,981 $1,006,500 $432,000 $574,500
2024 $10,481 $996,300 $432,000 $564,300
2023 $9,596 $928,000 $432,000 $496,000
2022 $9,042 $888,200 $411,400 $476,800
2021 $8,751 $858,800 $408,400 $450,400
2020 $8,401 $832,600 $408,600 $424,000
2019 $7,919 $736,000 $372,000 $364,000
2018 $7,247 $640,800 $338,200 $302,600
2017 $7,119 $610,000 $319,100 $290,900
2016 $6,890 $549,900 $284,900 $265,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73218312

MLS Property Information Network (MLS PIN)

APN: SOME M:18 B:A L:6