NOT LISTED FOR SALE

122 Albion St Somerville, MA 02144

Estimated Value: $1,693,647 - $1,880,000

9 Beds
3 Baths
3,741 Sq Ft
$473/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $1,600,000 $428 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,048/month

5 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Landscaped Professionally
  • Somerville High School Rated A-
  • City View
  • 1-minute walk to Albion Park

About This Home

As of July 2023

EXCEPTIONAL LOCATION, well maintained, and available for purchase for the first time in over 65 years! This spacious three family is less than a QUARTER OF A MILE FROM THE NEW MAGOUN SQUARE GREEN LINE and is an excellent opportunity for owner-occupants and investors alike. Three generously sized, three bedroom one bathroom units make up this special property that is located near DAVIS SQUARE, BALL SQUARE, TUFTS UNIVERSITY, and MAGOUN SQUARE. The roof was replaced in 2018, oil tanks in 2010, two boilers in 2008 and one in 2004, rear porches rebuilt in 2015 and front ones in 2012. The windows and B-Dry basement waterproofing system are about 20 years old. The landscaping was professionally done last year and the vinyl siding is in good shape. The DRIVEWAY CAN FIT FOUR CARS and there is common laundry in the basement. The oversized yard offers stone walls in the front and plenty of space to relax out back. 1st floor unit leased until 8/31; 2nd and 3rd floor units are tenants at will.

Last Agent to Sell the Property

Ian McGovern

Keller Williams Realty Boston Northwest Listed on: 03/30/2023

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Jessica Quirk

Coldwell Banker Realty - Boston

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,298

Year Built

  • Built in 1910

Lot Details

  • 5,430 Sq Ft Lot
  • Near Conservation Area
  • Stone Wall
  • Landscaped Professionally
  • Garden

Home Design

  • Block Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,741 Sq Ft Home
  • Insulated Doors
  • Mud Room
  • Storage
  • City Views
  • Storm Doors

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $6,500
  • Rent includes unit 1(water other (see remarks)), unit 2(water other (see remarks)), unit 3(water other (see remarks))
  • Assessor Parcel Number M:34 B:D L:22

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $3,200
  • Water Sewer Expense $2,000
  • Operating Expense $12,745
  • Net Operating Income $65,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,298

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1910
  • Buyer Agency: 2.5
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Tile,Vinyl,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors)
  • Interior Amenities: Storage, Other, Mudroom, Other (See Remarks), Unit 1(Ceiling Fans,Pantry,Storage,High Speed Internet Hookup,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 2(Ceiling Fans,Pantry,Storage,High Speed Internet Hookup,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Unknown), Unit 3(Ceiling Fans,Pantry,Storage,High Speed Internet Hookup,Bathroom With Tub & Shower,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Mudroom,Other (See Remarks)), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Mudroom,Other (See Remarks)), Unit 3 Rooms(Living Room,Dining Room,Kitchen,Mudroom)
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Refrigerator,Freezer), Unit 2(Range,Disposal,Refrigerator,Freezer), Unit 3(Range,Refrigerator,Freezer), Oil Water Heater,Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room, Washer Hookup, Dryer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished
  • Living Area: 3741
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: BB3298
  • LIST PRICE PER Sq Ft: 413.79
  • PRICE PER Sq Ft: 427.69
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony, Rain Gutters, Professional Landscaping, Garden, Stone Wall, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Block
  • Frontage Length: 49
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Roof, Patio, Covered
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s), City
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Cooling: Window Unit(s),None, Unit 1(Window AC,None), Unit 2(Window AC,None), Unit 3(Window AC,None)
  • Heating: Hot Water,Steam,Oil, Unit 1(Hot Water Radiators,Steam,Oil,Unit Control), Unit 2(Hot Water Radiators,Steam,Oil,Unit Control), Unit 3(Hot Water Radiators,Steam,Oil,Unit Control)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other, Sidewalks
  • Rent Includes: Unit 1(Water,Other (See Remarks)), Unit 2(Water,Other (See Remarks)), Unit 3(Water,Other (See Remarks))
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Parcel Number: M:34 B:D L:22
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5430
  • Lot Size Units: Acres
  • PAGE: 173
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat, Varies per Unit

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13298
  • Tax Book Number: 32533

Multi Family

  • Gross Income: 78000
  • Insurance Expense: 3200
  • Net Operating Income: 65255
  • Number Of Units Total: 3
  • Operating Expense: 12745
  • Total Actual Rent: 6500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lim Alvin $1,280,000
Closed Membrino Anthony R $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $1,600,000 +3.4% $428 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $1,548,000 -- $414 / 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 $16,802 $1,540,100 $663,500 $876,600
2024 $13,835 $1,315,100 $663,500 $651,600
2023 $13,972 $1,351,300 $663,500 $687,800
2022 $13,298 $1,306,300 $631,800 $674,500
2021 $12,762 $1,252,400 $601,800 $650,600
2020 $12,403 $1,229,200 $578,600 $650,600
2019 $12,045 $1,119,400 $503,100 $616,300
2018 $10,295 $910,300 $457,400 $452,900
2017 $9,684 $829,800 $431,500 $398,300
2016 $9,270 $739,800 $394,600 $345,200
2015 $8,968 $711,200 $392,500 $318,700
Source: Public Records

Agents Affiliated with this Home

  • Ian McGovern

    Seller's Agent in 2023

    Ian McGovern

    Keller Williams Realty Boston Northwest

    (978) 394-2759

    1 in this area

    118 Total Sales

    Ian McGovern
    Section Image
  • Jessica Quirk

    Buyer's Agent in 2023

    Jessica Quirk

    Coldwell Banker Realty - Boston

    (617) 266-4430

    1 in this area

    397 Total Sales

    Jessica Quirk
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73093051

MLS Property Information Network (MLS PIN)

APN: SOME-000034-D000000-000022

Massachusetts Middlesex County Somerville 02144

122 Albion St, Somerville, MA

This home is located at 122 Albion St, Somerville, MA 02144 since 30 March 2023 and is currently estimated at $1,770,662, approximately $473 per square foot. This property was built in 1910. 122 Albion St is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and St. Clement Elementary 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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