Seller's Agent in 2020
Patti Brainard
Compass
(781) 789-5767
9 in this area
148 Total Sales
12 Lake St Unit 12R Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,048,000 - $1,185,591
8
Beds
4
Baths
3,757
Sq Ft
$293/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Somerville High School Rated A-
- 5-minute walk to Quincy Street Open Space
About This Home
As of July 2020Red hot Union Square. Don't miss this rare opportunity to purchase a fantastic investment property. Available for the first time in over 70 years, this 4 family features side by side duplex style units. 1st floor units are both 3 room one bedroom flats. 2nd floor units are both 2 level 3 bedroom layouts. Unit 14-1 is vacant and ready for upgrades. The 3 remaining units are rented. This property is just blocks from the Green line extension that is projected to open in the near future. With an abundance of shops, restaurants and access to Universities and prolific area business's and Boston just beyond you should never have trouble renting these units. This property is in need of extensive updates. Seller is looking for highest and best clean offers. The vacant 1 bedroom unit and both sides of the basement may be accessed prior to making offers by appointment. Full access to the property will only be provided after an offer is accepted.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,105
Lot Details
- Year Round Access
Flooring
- Wood
- Vinyl
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2017
Closed on
Dec 28, 2017
Sold by
Lu Joseph C
Bought by
Jungdahl Alexis and Jungdahl Erica
Seller's Agent
Philip Hou
Splice Realty
Buyer's Agent
Tyler Lecao
BA Property & Lifestyle Advisors
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
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
$341,148
Avg. Annual Appreciation
4.77%
Original Mortgage
$598,000
Outstanding Balance
$504,770
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$596,378
Purchase Details
Closed on
Apr 15, 2005
Sold by
Spadafora John F
Bought by
Mulcahy Brendan C and Mulcahy Joseph C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,200
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jungdahl Alexis | $760,000 | -- | |
| Mulcahy Brendan C | $474,000 | -- | |
| Mulcahy Brendan C | $474,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jungdahl Alexis | $598,000 | |
| Closed | Mulcahy Brendan C | $598,000 | |
| Previous Owner | Mulcahy Brendan C | $352,000 | |
| Previous Owner | Mulcahy Brendan C | $379,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/10/2020 07/10/20 | Sold | $1,343,000 | +3.7% | $357 / Sq Ft | |
| 05/28/2020 05/28/20 | Pending | -- | -- | -- | |
| 05/20/2020 05/20/20 | For Sale | $1,295,000 | +70.4% | $345 / Sq Ft | |
| 12/28/2017 12/28/17 | Sold | $760,000 | -1.9% | $409 / Sq Ft | View Prior Sale |
| 11/16/2017 11/16/17 | Pending | -- | -- | -- | |
| 10/24/2017 10/24/17 | Price Changed | $775,000 | -3.0% | $417 / Sq Ft | |
| 09/27/2017 09/27/17 | For Sale | $799,000 | -- | $430 / 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 | $10,105 | $926,200 | $0 | $926,200 |
| 2024 | $9,500 | $903,000 | $0 | $903,000 |
| 2023 | $9,373 | $906,500 | $0 | $906,500 |
| 2022 | $8,812 | $865,600 | $0 | $865,600 |
| 2021 | $8,455 | $829,700 | $0 | $829,700 |
| 2020 | $7,943 | $787,200 | $0 | $787,200 |
| 2019 | $8,040 | $747,200 | $0 | $747,200 |
| 2018 | $8,058 | $712,500 | $0 | $712,500 |
| 2017 | $7,153 | $612,900 | $0 | $612,900 |
| 2016 | $7,067 | $564,000 | $0 | $564,000 |
| 2015 | -- | $511,400 | $0 | $511,400 |
Source: Public Records
Agents Affiliated with this Home
-
Patti Brainard
-
P
Seller's Agent in 2017
Philip Hou
Splice Realty
-
Tyler Lecao
Buyer's Agent in 2017
Tyler Lecao
BA Property & Lifestyle Advisors
(508) 649-3880
2 in this area
171 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72659682
APN: SOME-000074-E000000-000008-000012R
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.
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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