NOT LISTED FOR SALE

116 Pearson Rd Somerville, MA 02144

Estimated Value: $1,434,000 - $1,741,552

8 Beds
3 Baths
3,144 Sq Ft
$509/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $1,500,000 $477 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,068/month

8 Days on Market

About This Home

As of December 2021

Attention Investors! Spacious Philadelphia style 2 family professionally managed, fully tenanted & never vacant! 1 block to Tufts University, new Green Line College Ave Station & Cummings Center. Unit 1 includes: Large entry, social room, eat-in kit, pantry, 4 bedrooms, bathroom. Unit 2: Social room, updated eat-in kitchen with granite & stainless, 4 bedrooms, & 2 bathrooms. Roof, windows & front & back porches were replaced in 2004 & are in good shape. Heating systems & hot water tanks have been updated including 1 instant hot water tank. Hardwood floors throughout & all rooms are generous in size. Outside enjoy a backyard & parking for 4+ cars, exterior trim needs painting. All this just 20 mins walk to the Vibrant shops & restaurants of Davis Sq, easy access to Harvard Sq, Downtown Boston & Logan Airport! Can be sold with 106 Bromfield Rd & 15 Teele Ave, see MLS. ***Open Houses/Group showings only: Wed, Fri & Sat noon to 1pm (Oct 20,22,23)

Last Agent to Sell the Property

Marjie and Phil

Advisors Living - Arlington Listed on: 10/19/2021

Advisors Living - Arlington

Last Buyer's Agent

Dee Minnock

SelectRE Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,684

Year Built

  • 1910

Lot Details

  • 3,920

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,684

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: Boston Ave or College Ave to Dearborn Road to Pearson Road (not Ave)
  • Garage Yn: No
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1910

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full
  • Total Bathrooms: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 413.17
  • PRICE PER Sq Ft: 477.1
  • MAIN SO: NB2615
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Stories: 4

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: 116 Pearson Road Can Be Sold With 106 Bromfield Rd And 15 Teele Ave (Also In Mls) Coin Operated Washer & Dryer. Masks Required For All Showings.
  • Patio And Porch Features: Porch, Deck
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 3941
  • PAGE: 55
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: RA

Multi Family

  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 82800
  • Property Net Operating Income: 82800
  • Number Of Units Total: 2
  • Total Actual Rent: 6900

Tax Info

  • Tax Annual Amount: 12516
  • Tax Book Number: 55607
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2022
Sold by
Johnston Richard A and Johnston Robert F
Bought by
Johnston Robert F
Current Estimated Value
$1,601,388

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 13, 2021
Sold by
Birds Hill Properties Llc
Bought by
Ionamac Properties Llc
Seller's Agent
Marjie and Phil
Advisors Living - Arlington
Buyer's Agent
Dee Minnock
SelectRE Boston
List Price
$1,299,000
Sold Price
$1,500,000
Premium/Discount to List
$201,000
15.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
Original Mortgage
$3,400,000
Interest Rate
2.98%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 11, 2011
Sold by
Jennings David L and Krebs Jennifer J
Bought by
Birds Hill Prop Llc

Purchase Details

Closed on
Oct 18, 2010
Sold by
Torell Edgar W and Torell Sally B
Bought by
Jennings David L and Krebs Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Johnston Robert F -- None Available
Ionamac Properties Llc $1,500,000 None Available
Birds Hill Prop Llc -- --
Jennings David L $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcdonagh Thomas M $3,400,000
Previous Owner Jennings David L $441,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold $1,500,000 +15.5% $477 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $1,299,000 -- $413 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $14,684 $1,345,900 $722,400 $623,500
2024 $14,041 $1,334,700 $722,400 $612,300
2023 $13,685 $1,323,500 $722,400 $601,100
2022 $12,884 $1,265,600 $688,000 $577,600
2021 $12,516 $1,228,300 $682,900 $545,400
2020 $12,073 $1,196,500 $683,400 $513,100
2019 $11,426 $1,061,900 $622,100 $439,800
2018 $10,544 $932,300 $565,600 $366,700
2017 $10,340 $886,000 $533,600 $352,400
2016 $9,991 $797,400 $476,500 $320,900
2015 $9,558 $758,000 $440,000 $318,000
Source: Public Records

Agents Affiliated with this Home

  • Marjie and Phil

    Seller's Agent in 2021

    Marjie and Phil

    Advisors Living - Arlington

    130 Total Sales

    Marjie and Phil
    Section Image
  • Dee Minnock

    Buyer's Agent in 2021

    Dee Minnock

    SelectRE Boston

    6 Total Sales

    Dee Minnock
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72910306

MLS Property Information Network (MLS PIN)

APN: SOME-000018-B000000-000006

Massachusetts Middlesex County Somerville 02144

116 Pearson Rd, Somerville, MA

This home is located at 116 Pearson Rd, Somerville, MA 02144 since 19 October 2021 and is currently estimated at $1,601,388, approximately $509 per square foot. This property was built in 1910. 116 Pearson Rd is a home located in Middlesex County with nearby schools including Somerville High School, St. Clement Elementary School, and St. Joseph School.

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.

MLS Property Information Network (MLS PIN) 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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