NOT LISTED FOR SALE

127 Elm St Somerville, MA 02144

Spring Hill Neighborhood

Estimated Value: $1,545,000 - $1,957,000

9 Beds
4 Baths
3,496 Sq Ft
$512/Sq Ft Est. Value

Last Sold January 23, 2019

Last sale price $1,410,000 $403 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,189/month

2 Days on Market

Highlights

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

About This Home

As of January 2019

There 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

Last Agent to Sell the Property

The iBremis Team

LAER Realty Partners Listed on: 11/07/2018

LAER Realty Partners

Co-Listed By

Irene Bremis

LAER Realty Partners

Last Buyer's Agent

The iBremis Team

LAER Realty Partners Listed on: 11/07/2018

LAER Realty Partners

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,581

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 386.16
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Wood, Tile, Laminate
  • Total Flrs: 3
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 4
  • Total Fbh: 4
  • No Rooms: 14
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN1199
  • Main So: AN1199
  • Estimated Sq Ft: 3496.00

Exterior Features

  • Construction: Post & Beam
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Asbestos
  • Exterior Features: Porch, Gutters
  • Foundation: Fieldstone, Brick
  • Foundation Size: 999

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Range

Condo/Co-op/Association

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

Lot Info

  • Assessments: 908200.00
  • Acre: 0.10
  • Lot Size: 4250.00
  • Page: 180
  • Parcel Number: M:30 B:B L:19
  • Zoning: RC
  • Lot Description: Level

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 14
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 10272.00
  • Assessor Parcel Number: 751579

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%
Current Estimated Value
$1,790,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,874
Avg. Annual Appreciation
3.76%

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
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
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

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 $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

    (617) 905-5232

    3 in this area

    42 Total Sales

    The iBremis Team
    Section Image
  • Irene Bremis

    Seller Co-Listing Agent in 2019

    Irene Bremis

    Laer Realty

    (617) 460-2208

    1 in this area

    18 Total Sales

    Irene Bremis
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72421268

MLS Property Information Network (MLS PIN)

APN: SOME-000030-B000000-000019

Massachusetts Middlesex County Somerville 02140 Spring Hill

127 Elm St, Somerville, MA

This home is located at 127 Elm St, Somerville, MA 02144 since 07 November 2018 and is currently estimated at $1,790,874, approximately $512 per square foot. This property was built in 1900. 127 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.

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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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