Seller's Agent in 2025
Michael O'Brien
ERA Key Realty Services- Fram
(617) 286-2768
1 in this area
42 Total Sales
116 Prospect St Somerville, MA 02143
Prospect Hill Neighborhood
4
Beds
3
Baths
2,970
Sq Ft
4,680
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- Jogging Path
- Somerville High School Rated A-
- Home Office
- Balcony
About This Home
As of August 2025Rare opportunity in prime Somerville! 116 Prospect St, a three-unit multi-family offers exceptional value for both investors and owner-occupants. Ideally located just minutes from Union Square (and the Green Line) in Somerville and Cambridge’s Inman Square, this property offers unbeatable convenience. Each unit includes private laundry and dedicated storage, garage parking for all three units, plus five additional off-street parking spots. Enjoy private balconies for each unit, full living and dining rooms in the second and third floor units, as well as bonus rooms perfect for a home office or guest space. The updated first-floor unit features two bedrooms and modern finishes. A smart investment in a vibrant, connected neighborhood. Property being sold AS IS for seller's convenience.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,972
Year Built
- Built in 1900
Lot Details
- 4,680 Sq Ft Lot
- Level Lot
Parking
- 3 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Triplex
- Frame Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,970 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Living Room
- Dining Room
- Home Office
- Range
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Utilities
- Window Unit Cooling System
- 3 Heating Zones
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Balcony
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:83 B:B L:23,759399
Community Details
Overview
- 3 Units
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $2,415
- Water Sewer Expense $2,750
- Operating Expense $5,165
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 25, 2025
Closed on
Aug 1, 2025
Sold by
Lemos Manuela R and Grant Fatima
Bought by
Coelho Emanuel F
Seller's Agent
Michael O'Brien
ERA Key Realty Services- Fram
Buyer's Agent
Michael O'Brien
ERA Key Realty Services- Fram
List Price
$1,600,000
Sold Price
$1,565,000
Premium/Discount to List
-$35,000
-2.19%
Views
83
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
-$7,445
Avg. Annual Appreciation
-1.13%
Original Mortgage
$1,250,000
Outstanding Balance
$1,246,791
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$310,764
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,565,000 | -- | |
| Deed | $1,565,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,250,000 | New Conventional | |
| Closed | $1,250,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Sold | $1,565,000 | -2.2% | $527 / Sq Ft |
| 06/28/2025 06/28/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $1,600,000 | -- | $539 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $13,972 | $1,280,700 | $657,900 | $622,800 |
| 2024 | $13,192 | $1,254,000 | $657,900 | $596,100 |
| 2023 | $12,897 | $1,247,300 | $657,900 | $589,400 |
| 2022 | $12,266 | $1,204,900 | $626,600 | $578,300 |
| 2021 | $11,768 | $1,154,900 | $596,700 | $558,200 |
| 2020 | $11,422 | $1,132,000 | $573,800 | $558,200 |
| 2019 | $10,531 | $978,700 | $487,200 | $491,500 |
| 2018 | $9,135 | $807,700 | $443,000 | $364,700 |
| 2017 | $9,035 | $774,200 | $401,200 | $373,000 |
| 2016 | $9,000 | $718,300 | $394,300 | $324,000 |
| 2015 | $8,369 | $663,700 | $363,700 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Michael O'Brien
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73396107
APN: SOME-000083-B000000-000023
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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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