$1,450,000
SOLD MAR 30, 2022

129 Powder House Blvd Somerville, MA 02144

6 Beds
2.5 Baths
3,431 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$423 Per Sq Ft

4% Above List Price

5 Days on Market

Highlights

  • 1 Car Garage
  • Somerville High School Rated A-
  • 4-minute walk to Lou Ann David Park

About This Home

As of March 2022

Davis Sq./Tufts. Large 2 Family ~ 1 min from Tufts, 10 min from Davis Sq. 'T'. Station. Philly style with garage and side by side driveway parking. Large 2nd floor unit will be delivered vacant. 1st floor unit lease ends in June 2022. Perfect for buyers who want to live in one unit and collect rent. Current rent is well below market. You don't want to miss this. It will not last. Showings start at Open House ~Saturday, February 5th 1:00-2:30 and Open House Sunday, February 6th 12:00-1:30.

Last Agent to Sell the Property

edward accomando

RE/MAX Andrew Realty Services Listed on: 02/02/2022

RE/MAX Andrew Realty Services

Last Buyer's Agent

Derek Chang

Gen X Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,045

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation

Interior Spaces

  • 3,431 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • 2 Units
  • Net Operating Income $28,800

Listing and Financial Details

  • Total Actual Rent $2,400
  • Assessor Parcel Number 748302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,045

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 1
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Living Area: 3431
  • Stories Total: 4
  • MAIN LO: AC2354
  • LIST PRICE PER Sq Ft: 408.04
  • PRICE PER Sq Ft: 422.62
  • MAIN SO: AN3799

Exterior Features

  • Foundation Details: Stone
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: 748302
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4223
  • PAGE: 688

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 13044.6
  • Tax Book Number: 13380

Multi Family

  • Gross Income: 28800
  • Net Operating Income: 28800
  • Number Of Units Total: 2
  • Total Actual Rent: 2400
  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2022
Closed on
Mar 28, 2022
Sold by
Linda Lameiras Irt
Bought by
Chang Stephen S and Huynh Jenny L
Seller's Agent
edward accomando
RE/MAX Andrew Realty Services
Buyer's Agent
Derek Chang
Gen X Realty
List Price
$1,399,999
Sold Price
$1,450,000
Premium/Discount to List
$50,001
3.57%
Current Estimated Value
$1,827,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,892
Avg. Annual Appreciation
3.79%
Original Mortgage
$986,000
Outstanding Balance
$935,385
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$706,925

Purchase Details

Closed on
Nov 1, 2016
Sold by
Lameiras Linda and Lameiras
Bought by
Linda Lameiras Irt and Lameiras

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 31, 2016
Sold by
Lameiras Linda
Bought by
Linda Lameiras Irt and Lameiras

Purchase Details

Closed on
Jan 25, 1978
Bought by
Lameiras Mariano and Lameiras Linda
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $1,450,000 None Available
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Credit Line Revolving
Open $986,000 Purchase Money Mortgage
Closed $986,000 Purchase Money Mortgage
Previous Owner $300,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $1,450,000 +3.6% $423 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $1,399,999 -- $408 / 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 $16,522 $1,514,400 $737,400 $777,000
2024 $15,786 $1,500,600 $737,400 $763,200
2023 $14,801 $1,431,400 $737,400 $694,000
2022 $13,045 $1,281,400 $702,200 $579,200
2021 $12,678 $1,244,200 $697,100 $547,100
2020 $12,234 $1,212,500 $697,600 $514,900
2019 $11,587 $1,076,900 $635,100 $441,800
2018 $10,663 $942,800 $577,300 $365,500
2017 $10,457 $896,100 $544,700 $351,400
2016 $10,103 $806,300 $486,400 $319,900
2015 $9,663 $766,300 $449,200 $317,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72938883

MLS Property Information Network (MLS PIN)

APN: SOME-000010-E000000-000018