$1,325,000
SOLD MAY 7, 2019
5 Beds
2 Baths
2,514 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$527 Per Sq Ft

4% Below List Price

23 Days on Market

Highlights

  • Wood Flooring
  • 5-minute walk to Davis Station
  • 2-minute walk to Kenney Park
  • Somerville High School Rated A-
  • Porch

About This Home

As of May 2019

Amazing multifamily opportunity in an even better location! This two family property has an excellent rental history, with the first floor unit collecting $2800/month and the second/third floor unit collecting $3800/month (all leases expire on 8/31/19). First floor unit is a two bedroom, one bathroom apartment spanning 1000 sq. ft. featuring hardwood floors throughout, large living room, two spacious bedrooms, an updated bathroom and large eat-in kitchen- exclusive laundry in the basement. The second and third floor offers a three bedroom, one bathroom unit spanning 1500 sq. ft. with an updated kitchen with granite countertops/stainless steel appliances, three spacious bedrooms (two with skylights!), large living room, in-unit laundry and private front porch. Both units have separately metered electricity and gas heating. Two deeded parking spaces behind the building! Located around the corner for the heart of Davis Square, only .3 miles to the Red Line and area amenities.

Last Agent to Sell the Property

Michael Wilson-P mwilsonpierce@cambridgere

Cambridge Realty Group, Inc. Listed on: 03/18/2019

Last Buyer's Agent

Claire Kotzampaltiris

Maloney Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,476

Year Built

  • Built in 1920

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Additional Features

  • Porch
  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 4887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,476

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Unknown/Mixed
  • List Price Per Sq Ft: 546.94
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 9
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: AC1762
  • Main So: BB3875
  • Estimated Sq Ft: 2514.00

Exterior Features

  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Shingles, Wood
  • Exterior Features: Porch

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Deeded
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University

Lot Info

  • Assessments: 1029100.00
  • Lot: 16
  • Acre: 0.05
  • Lot Size: 2308.00
  • Page: 267
  • Parcel Number: 4887
  • Zoning: RB
  • Lot Description: Paved Drive, Easements, Shared Drive

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 6600
  • Total Rms: 9
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 11073.00
  • Assessor Parcel Number: 750450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 2, 2019
Sold by
Marolima 14 West Llc
Bought by
Theobald Deborah
Seller's Agent
Michael Wilson-P mwilsonpierce@cambridgere
Cambridge Realty Group, Inc.
Buyer's Agent
Claire Kotzampaltiris
Maloney Properties, Inc.
List Price
$1,375,000
Sold Price
$1,325,000
Premium/Discount to List
-$50,000
-3.64%
Current Estimated Value
$1,574,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,556
Avg. Annual Appreciation
3.31%

Purchase Details

Closed on
Jan 11, 2017
Sold by
Legere Mark H and Legere Lisa
Bought by
Marolima 14 West Llc

Purchase Details

Listed on
May 27, 2015
Closed on
Jul 31, 2015
Sold by
Moore-Ede Martin C
Bought by
Legere Mark H and Legere Lisa
Seller's Agent
Michelle Joslin
Leading Edge Real Estate
Buyer's Agent
Fayth Cregg
Leading Edge Real Estate
List Price
$950,000
Sold Price
$1,000,000
Premium/Discount to List
$50,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$700,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2011
Sold by
14 Cutter Avenue Nt and Moore-Ede Andrew P
Bought by
Moore-Ede Martin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Sicchitano Amie B and Sicchitano Braden D
Bought by
14 Cutter Avenue Nt and Moore-Ede Andrew P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,400
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2001
Sold by
Braun Richard K
Bought by
Sicchitano Braden D and Sicchitano Amie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1997
Sold by
Aibel William A and Sadler Ilene J
Bought by
Braun Richard K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
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 $1,325,000 --
Deed -- --
Not Resolvable $1,000,000 --
Deed -- --
Deed $612,000 --
Deed $460,000 --
Deed $186,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $380,000 Unknown
Previous Owner $700,000 Purchase Money Mortgage
Previous Owner $389,000 Purchase Money Mortgage
Previous Owner $428,400 Purchase Money Mortgage
Previous Owner $380,000 No Value Available
Previous Owner $368,000 Purchase Money Mortgage
Previous Owner $37,200 No Value Available
Previous Owner $148,500 Purchase Money Mortgage
Previous Owner $55,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2019 05/07/19 Sold $1,325,000 -3.6% $527 / Sq Ft
04/10/2019 04/10/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $1,375,000 +37.5% $547 / Sq Ft
07/31/2015 07/31/15 Sold $1,000,000 +5.3% $398 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $950,000 -- $378 / 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 $14,476 $1,326,900 $599,300 $727,600
2024 $13,519 $1,285,100 $599,300 $685,800
2023 $13,165 $1,273,200 $599,300 $673,900
2022 $12,307 $1,208,900 $570,800 $638,100
2021 $11,791 $1,157,100 $566,700 $590,400
2020 $11,347 $1,124,600 $567,000 $557,600
2019 $11,073 $1,029,100 $516,200 $512,900
2018 $10,271 $908,100 $469,200 $438,900
2017 $9,286 $795,700 $442,700 $353,000
2016 $8,069 $644,000 $395,300 $248,700
2015 $7,712 $611,600 $365,100 $246,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72466975

MLS Property Information Network (MLS PIN)

APN: SOME-000025-A000000-000016