127 Elm St Somerville, MA 02144
Spring Hill NeighborhoodEstimated Value: $1,718,000 - $2,235,000
9
Beds
4
Baths
3,496
Sq Ft
$545/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4-minute walk to Porter Square Station
- Porch
- Somerville High School Rated A-
About This Home
As of January 2019There are lots of possibilities with this large 2 family home located just outside of Porter Square. Located in a frequently trafficed location this home would be great for a buy and hold "cash cow" or a business home office. This front entrance multi family home features a large entry way, spacious rooms, hard wood floors, high ceilings, built in hutches, ornamental fireplaces, large eat in kitchens, plus a second bonus bath for each unit. Improvements include newer heating, newer hot water tanks, and updated electric. Rents are substantial with a gross rental cash flow of over $8900 per month and leases good until 8/31/19. Grp Shows Sat11/10 12:30-2pm, & T11/13 and Th11/15 at 6pm. Offers due by F11/16 noon w/a M11/19 6pm exp
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,581
Year Built
- Built in 1900
Lot Details
- 4,356
Flooring
- Wood
- Laminate
- Tile
Outdoor Features
- Rain Gutters
- Porch
Utilities
- Natural Gas Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:30 B:B L:19
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 7, 2018
Closed on
Jan 11, 2019
Sold by
Driscoll 2018 Ft
Bought by
Lacourt Orphanage T Llc
Seller's Agent
The iBremis Team
LAER Realty Partners
Buyer's Agent
The iBremis Team
LAER Realty Partners
List Price
$1,350,000
Sold Price
$1,410,000
Premium/Discount to List
$60,000
4.44%
Total Days on Market
2
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
$495,212
Avg. Annual Appreciation
4.05%
Purchase Details
Closed on
Nov 5, 2018
Sold by
Driscoll Thomas C
Bought by
Driscoll Ft
Purchase Details
Closed on
Aug 28, 1989
Sold by
Murphy Mary I
Bought by
Driscoll Thomas C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
9.67%
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lacourt Orphanage T Llc | $1,410,000 | -- | |
| Driscoll Ft | -- | -- | |
| Driscoll Thomas C | $265,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lacourt Orphanage T Llc | $1,017,000 | |
| Previous Owner | Driscoll Thomas | $178,000 | |
| Previous Owner | Driscoll Thomas C | $172,000 | |
| Previous Owner | Driscoll Thomas C | $172,000 | |
| Previous Owner | Driscoll Thomas C | $182,000 | |
| Previous Owner | Driscoll Thomas C | $212,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2019 01/23/19 | Sold | $1,410,000 | +4.4% | $403 / Sq Ft |
| 11/09/2018 11/09/18 | Pending | -- | -- | -- |
| 11/07/2018 11/07/18 | For Sale | $1,350,000 | -- | $386 / 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 | $15,581 | $1,428,100 | $738,800 | $689,300 |
| 2024 | $14,894 | $1,415,800 | $738,800 | $677,000 |
| 2023 | $14,164 | $1,369,800 | $738,800 | $631,000 |
| 2022 | $13,336 | $1,310,000 | $703,600 | $606,400 |
| 2021 | $12,954 | $1,271,200 | $698,500 | $572,700 |
| 2020 | $12,490 | $1,237,900 | $699,000 | $538,900 |
| 2019 | $11,151 | $1,036,300 | $636,300 | $400,000 |
| 2018 | $10,272 | $908,200 | $578,500 | $329,700 |
| 2017 | $9,769 | $837,100 | $545,700 | $291,400 |
| 2016 | $9,431 | $752,700 | $487,300 | $265,400 |
Source: Public Records
Agents Affiliated with this Home
-
The iBremis Team
Seller's Agent in 2019
The iBremis Team
Laer Realty
4 in this area
43 Total Sales
-
Seller Co-Listing Agent in 2019
Irene Bremis
Laer Realty
(617) 460-2208
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72421268
APN: SOME-000030-B000000-000019
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.
Nearby Homes
- 10 Hancock St
- 37 Banks St Unit 3
- 37 Banks St Unit 1
- 37 Banks St Unit 2
- 10 Beech St
- 32-40 White St
- 1963 Massachusetts Ave Unit 404
- 7 Beech St Unit 319
- 7 Beech St Unit 410
- 7 Beech St Unit 311
- 65 Hancock St
- 9 Charnwood Rd Unit 2
- 18 Windsor Rd Unit B
- 65-67 Porter Rd Unit 1
- 16 Blake St
- 60 Orchard St
- 353 Summer St Unit 201
- 352 Highland Ave Unit 3
- 333 Highland Ave
- 199 Elm St