NOT LISTED FOR SALE

123 Elm St Somerville, MA 02144

Spring Hill Neighborhood

Estimated Value: $1,469,000

6 Beds
2 Baths
2,276 Sq Ft
$645/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $1,181,818 $519 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,582/month

76 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Porter Square Station
  • Patio
  • Somerville High School Rated A-
  • Porch

About This Home

As of January 2019

Amazing 2 Family right in Porter Sq. Located on the corner of Burnside and Elm St. This is currently used as an income property and also works well as an Air B&B given the proximity to universities, convenient public transpotation, and Boston. With all separate utilities this income property is easy and economical to run. The units have modern kitchens/baths and laundry in each unit. Click on the blinking floor plan icon to see floor plans and photos. Very Rare to see a large two family with 2-car Driveway like this as close to Porter and David Sq as this is. Please come to the open House this Sunday From 12noon to 1pm you won't be disappointed. 1st floor rent is $3400 no utilities and 2nd floor is $3200 no utilities.

Last Agent to Sell the Property

David Lilley

RE/MAX Real Estate Center Listed on: 08/02/2017

RE/MAX Real Estate Center

Last Buyer's Agent

David Lilley

RE/MAX Real Estate Center Listed on: 08/02/2017

RE/MAX Real Estate Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,237

Year Built

  • Built in 1900

Lot Details

  • 3,049

Outdoor Features

  • Patio
  • Porch

Additional Features

  • Wood Flooring
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:30 B:B L:18

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,237

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Insc: 1309
  • Year Built Description: Actual
  • List Price Per Sq Ft: 549.21
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Flooring: Wood
  • Total Flrs: 2
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full
  • Main Lo: BB9927
  • Main So: BB9927
  • Estimated Sq Ft: 2276.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Patio
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 220 Volts, 100 Amps
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 773700.00
  • Acre: 0.07
  • Lot Size: 2940.00
  • Page: 370
  • Parcel Number: M:30 B:B L:18
  • Zoning: RC
  • Lot Description: Corner

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Total Levels: 2
  • Total Rent: 6600
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 9029.00
  • Assessor Parcel Number: 751578

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Jan 31, 2019
Sold by
123 Elm Street Rt
Bought by
Cmsbrc Holdings Llc
Seller's Agent
David Lilley
RE/MAX Real Estate Center
Buyer's Agent
David Lilley
RE/MAX Real Estate Center
List Price
$1,350,000
Sold Price
$1,181,818
Premium/Discount to List
-$168,182
-12.46%
Current Estimated Value
$1,469,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,182
Original Mortgage
$9,750,000
Outstanding Balance
$8,657,318
Interest Rate
4.5%
Mortgage Type
Undefined Multiple Amounts
Source: Public Records

Range of Values:

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Average Value
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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
Cmsbrc Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cmsbrc Holdings Llc $9,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $1,181,818 -5.5% $519 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
09/10/2017 09/10/17 Price Changed $1,250,000 -7.4% $549 / Sq Ft
08/02/2017 08/02/17 For Sale $1,350,000 -- $593 / 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
2022 $11,237 $1,074,400 $623,400 $451,000
2021 $11,086 $1,044,900 $618,800 $426,100
Source: Public Records

Agents Affiliated with this Home

  • David Lilley

    Seller's Agent in 2019

    David Lilley

    RE/MAX Real Estate Center

    (617) 290-5868

    3 in this area

    145 Total Sales

    David Lilley
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72207466

MLS Property Information Network (MLS PIN)

APN: SOME-000030-B000000-000018

Massachusetts Middlesex County Somerville 02140 Spring Hill

123 Elm St, Somerville, MA

This home is located at 123 Elm St, Somerville, MA 02144 since 02 August 2017 and is currently priced at $1,469,000, approximately $645 per square foot. This property was built in 1900. 123 Elm St is a home located in Middlesex County with nearby schools including Somerville High School, Benjamin Banneker Charter Public School, and Saint Theresa 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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