Seller's Agent in 2019
Steve Bremis
Steve Bremis Realty Group
(617) 828-1070
4 in this area
193 Total Sales
1153 Broadway Somerville, MA 02144
Teele Square Neighborhood
8
Beds
7
Baths
6,920
Sq Ft
3,920
Sq Ft Lot
About This Home
As of March 2019RARE...RARE...RARE OPPORTUNITY! Only HALF A MILE TO DAVIS SQ. Exceptional BRICK 5 UNIT RESIDENTIAL BUILDING with DOUBLE RETAIL STOREFRONT SPACE. Fantastic opportunity for future growth and appreciation with the new proposed GREEN LINE STOP less than a mile away and TUFTS just over a quarter from the property. Future expansion of Teele Sq may also include a proposed hotel across the street which has been met with positive feedback. TOTAL CURRENT GROSS MONTHLY INCOME IS $15,150(Projected $16,900) / GROSS ANNUAL INCOME $181,800 (Projected $202,800)...Only two of the rental units have leases, the other three are Tenants At Will. Overall condition of the building is very good to excellent. Rated a Very Walkable Walk Score of 89! Current Zoning is NB (Neighborhood Business). New proposed zoning to be confirmed in 2019 will be MR4 which will allow for limited expansion.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 3,920
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 12, 2019
Closed on
Mar 1, 2019
Sold by
C & T Olympus Rt
Bought by
Lacourt Orphanage T Llc
Seller's Agent
Steve Bremis
Steve Bremis Realty Group
Buyer's Agent
The iBremis Team
LAER Realty Partners
List Price
$3,200,000
Sold Price
$3,200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Outstanding Balance
$1,969,341
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lacourt Orphanage T Llc | $3,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lacourt Orphanage T Llc | $2,240,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2019 03/01/19 | Sold | $3,200,000 | 0.0% | $462 / Sq Ft |
| 01/12/2019 01/12/19 | Pending | -- | -- | -- |
| 01/12/2019 01/12/19 | For Sale | $3,200,000 | -- | $462 / 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 | -- | $1,549,300 | $483,100 | $1,066,200 |
| 2024 | -- | $1,549,300 | $483,100 | $1,066,200 |
| 2023 | $0 | $1,549,300 | $483,100 | $1,066,200 |
| 2022 | $0 | $1,549,300 | $483,100 | $1,066,200 |
| 2021 | $0 | $1,549,300 | $483,100 | $1,066,200 |
| 2020 | $16,714 | $1,298,200 | $483,100 | $815,100 |
| 2019 | $16,539 | $1,231,700 | $460,100 | $771,600 |
| 2018 | $0 | $1,224,400 | $460,100 | $764,300 |
| 2017 | -- | $1,141,800 | $434,000 | $707,800 |
| 2016 | -- | $998,200 | $402,400 | $595,800 |
| 2015 | -- | $979,100 | $383,300 | $595,800 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bremis
-
The iBremis Team
Buyer's Agent in 2019
The iBremis Team
Laer Realty
(617) 905-5232
1 in this area
18 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72440232
APN: SOME-000008-D000000-000008
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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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