NOT LISTED FOR SALE

Estimated Value: $1,388,000 - $1,522,782

5 Beds
2 Baths
2,535 Sq Ft
$573/Sq Ft Est. Value

Last Sold April 18, 2024

Last sale price $1,430,000 $564 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,723/month

16 Days on Market

Highlights

  • 0.14 Acre Lot
  • Deck
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • Patio

About This Home

As of April 2024

Turn key investment 2- Family house in prime location - close to Union Square. 131 Summer St offers a lucrative investment opportunity with a 6210 Sq foot lot with upgrades throughout. A large spacious yard, a driveway for 4 cars PLUS a garage space. New blown insulation (9k) put in from Mass Saves round off this offering! Unit 1 was updated in 2021 with new kitchen and bath, it features 3 bedrooms with high ceilings, and 1 bathroom. Unit 2 includes 2 bedrooms, 1 bathroom, and office space. This prime location is just minutes from the bustling Union, Davis, Porter, and Harvard Squares, this property puts you in the heart of the action. Close to Bow market, Aeronaut Brewing Company, Gilman T, Union T (Green Line Ext), and more!

Last Agent to Sell the Property

Hudson Santana

Keller Williams Realty Boston Northwest Listed on: 03/05/2024

Keller Williams Realty Boston Northwest

Co-Listed By

Carlos Ramirez

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Rose Hall

Blue Ocean Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,324

Year Built

  • Built in 1900

Lot Details

  • 6,210 Sq Ft Lot
  • Fenced

Parking

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

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,535 Sq Ft Home
  • Property has 1 Level
  • Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones

Listing and Financial Details

  • Total Actual Rent $6,550
  • Assessor Parcel Number M:51 B:F L:35,755393

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,324

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Tile, Carpet
  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Electric Dryer Hookup
  • Basement: Full, Concrete, Unfinished
  • Living Area: 2535
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB3298
  • LIST PRICE PER Sq Ft: 552.23
  • PRICE PER Sq Ft: 564.1
  • MAIN SO: AN2056

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: 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
  • Utilities: for Gas Range, for Electric Dryer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Public School, T-Station, University, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:51 B:F L:35,755393
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6210
  • Lot Size Units: Acres
  • PAGE: 132
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11324
  • Tax Book Number: 1349

Multi Family

  • Gross Income: 78000
  • Net Operating Income: 78000
  • Number Of Units Total: 2
  • Total Actual Rent: 6550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2008
Sold by
Kennedy Florence
Bought by
Massie Kennedy-Massie E and Massie Eugene A
Current Estimated Value
$1,451,946

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
6.18%
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
Massie Kennedy-Massie E $428,575 --
Kennedy-Massie E C $428,575 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 131 Summer St Llc $795,000
Closed Massie Eugene A $170,000
Closed Massie Eugene A $415,000
Closed Massie Kennedy-Massie E $398,775
Closed Kennedy-Massie E C $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2024 04/18/24 Sold $1,430,000 +2.2% $564 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $1,399,900 -- $552 / 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 $11,844 $1,085,600 $561,400 $524,200
2024 $11,324 $1,076,400 $561,400 $515,000
2023 $10,772 $1,041,800 $561,400 $480,400
2022 $10,145 $996,600 $534,600 $462,000
2021 $9,639 $945,900 $509,200 $436,700
2020 $9,090 $900,900 $489,500 $411,400
2019 $8,388 $779,600 $425,700 $353,900
2018 $7,600 $672,000 $387,000 $285,000
2017 $7,461 $639,300 $365,100 $274,200
2016 $7,313 $583,600 $333,900 $249,700
2015 $7,309 $579,600 $332,000 $247,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73208741

MLS Property Information Network (MLS PIN)

APN: SOME-000051-F000000-000035