$2,250,000
SOLD OCT 28, 2022
12 Beds
6 Baths
5,100 Sq Ft
5,135 Sq Ft Lot

Recently Sold

$441 Per Sq Ft

17% Below List Price

79 Days on Market

Highlights

  • Medical Services
  • Deck
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • Jogging Path

About This Home

As of October 2022

Potential cash cow! A high quality and rare 6 family on a quiet tree lined dead end street. All 6 units are 2 bedroom units and have similar floor plans with old world charm, hardwood floors, and pretty woodwork, Amazing views of downtown Boston from top unit, oversized front porches and back decks overlooking cute back yard, and great basement with coin-op laundry. Maintenance free vinyl siding, rubber membrane roof, all separated oil heat, gas hot water tanks, circuit breakers, quality block foundation. Walkable to Porter Sq Red Line T and Union Green Line T stops and many shops and restaurants. 2 lead certs.

Last Agent to Sell the Property

Shane Marrion

Benoit Real Estate Group ,LLC Listed on: 06/06/2022

Last Buyer's Agent

Aaron Parlee

Horizon Capital Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,340

Year Built

  • Built in 1900

Lot Details

  • 5,135 Sq Ft Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 5,100 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $6,250
  • Assessor Parcel Number 755470

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $95,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,340

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood
  • Interior Amenities: Other (See Remarks)
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full
  • Living Area: 5100
  • Stories Total: 9
  • MAIN LO: BB5745
  • LIST PRICE PER Sq Ft: 460.78
  • PRICE PER Sq Ft: 441.18
  • MAIN SO: NB2211

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Other
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Parcel Number: 755470
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5135
  • Lot Size Units: Acres
  • PAGE: 281
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 18340.2
  • Tax Book Number: 35106

Multi Family

  • Gross Income: 95400
  • Net Operating Income: 95400
  • Number Of Units Total: 6
  • Total Actual Rent: 6250
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Feb 19, 2021
Sold by
Galeno Peter A and Pascale Laura
Bought by
Maretich Pema and Nolasco Jonathan
Seller's Agent
Steve Bremis
Steve Bremis Realty Group
Buyer's Agent
Randy Pomfret
Gibson Sotheby's International Realty
List Price
$949,900
Sold Price
$915,000
Premium/Discount to List
-$34,900
-3.67%
Current Estimated Value
$1,186,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,779
Avg. Annual Appreciation
6.05%
Original Mortgage
$732,000
Outstanding Balance
$662,123
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$522,819

Purchase Details

Closed on
Nov 1, 2019
Sold by
Havlin Rt
Bought by
Galeno Peter A and Pascale Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
3.6%
Mortgage Type
New Conventional
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 $915,000 None Available
Not Resolvable $825,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $732,000 Purchase Money Mortgage
Previous Owner $618,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $2,250,000 -4.3% $441 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $2,350,000 -6.0% $461 / Sq Ft
07/13/2022 07/13/22 Price Changed $2,499,999 -7.4% $490 / Sq Ft
06/06/2022 06/06/22 For Sale $2,700,000 +195.1% $529 / Sq Ft
02/24/2021 02/24/21 Sold $915,000 -1.1% $502 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/10/2020 12/10/20 Price Changed $924,900 -2.6% $508 / Sq Ft
11/11/2020 11/11/20 For Sale $949,900 -- $521 / 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 $11,576 $1,061,000 $617,300 $443,700
2024 $11,078 $1,053,000 $617,300 $435,700
2023 $10,770 $1,041,600 $617,300 $424,300
2022 $9,242 $907,900 $587,900 $320,000
2021 $8,363 $820,700 $559,900 $260,800
2020 $7,908 $783,700 $538,300 $245,400
2019 $7,301 $678,500 $468,200 $210,300
2018 $6,959 $615,300 $425,600 $189,700
2017 $6,813 $583,800 $401,500 $182,300
2016 $5,761 $459,800 $293,800 $166,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72993044

MLS Property Information Network (MLS PIN)

APN: SOME-000052-C000000-000040