NOT LISTED FOR SALE

Estimated Value: $1,328,000 - $1,723,633

7 Beds
3.5 Baths
2,870 Sq Ft
$531/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $1,700,000 $592 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $8,980/month

2 Days on Market

Highlights

  • Property is near public transit and schools
  • Wood Flooring
  • Tandem Parking
  • Somerville High School Rated A-
  • Jogging Path
  • 5-minute walk to Lou Ann David Park

About This Home

As of March 2024

Beautiful & renovated 2 family in great location just off the Bike Path between Teele and Davis Sq. 14 Malvern has been in the same family over 60 years; used in the past as an owner occupied home and now as an investment property. Some updates include: exterior painting 2022, new roof 2021, heat pumps in both units 2021, new windows in the units 2016-2021, newer SS appliances, interior paint, smart thermostats, & more. Unit 1 is 3 beds 1.5 baths leased through 8/31/24 at 3750/month. Unit 2 is 4 -5 beds, 2 full baths, ~1700 sq ft over 2 levels and leased through 7/12/2024 at 5000/month. Both units have eat in kitchens, dishwashers, updated appliances and dedicated laundry. Located just minutes to restaurants, shops, night life, Bike Path, & public transportation, 14 Malvern makes for a great owner occupied OR investment property. Currently parking for 2, can likely increase to 3-4 cars with removal of wheelchair ramp. Please try to attend open houses Sat 2/3 & Sun 2/4 10:00-12:00.

Last Agent to Sell the Property

Katherine Malin

Compass Listed on: 01/31/2024

Compass

Last Buyer's Agent

Maria Fabiano

Maria Fabiano Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,573

Year Built

  • Built in 1900

Lot Details

  • 3,300

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,870 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Energy-Efficient Thermostat
  • 3,300 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $8,750
  • Rent includes unit 1(hot water), unit 2(hot water)

Community Details

Recreation

  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,573

Year Built

Built in 1900

Lot Details

3,300 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Hardwood
  • Interior Amenities: Kitchen, Living RM/Dining RM Combo, Living Room, Family Room
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 2870
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN2383
  • MAIN SO: AN3128

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Other
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, T-Station, University
  • Rent Includes: Unit 1(Hot Water), Unit 2(Hot Water)
  • Senior Community YN: No

Lot Info

  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3300
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12573.4

Multi Family

  • Net Operating Income: 45000
  • Number Of Units Total: 2
  • Total Actual Rent: 8750
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Ranaivozanany Ny A
Bought by
Welcomein Somerville Llc
Current Estimated Value
$1,523,658

Purchase Details

Listed on
Jan 31, 2024
Closed on
Feb 20, 2024
Sold by
N Blvd Llc
Bought by
Ranaivozanany Tiana R
Seller's Agent
Katherine Malin
Compass
Buyer's Agent
Maria Fabiano
Maria Fabiano Realty
List Price
$1,599,000
Sold Price
$1,700,000
Premium/Discount to List
$101,000
6.32%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.52%

Purchase Details

Closed on
Nov 19, 2021
Sold by
Walcott Kathleen N and 14-16 Malvern Ave Rlty
Bought by
N Blvd Llc and Walcott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,250,000
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2020
Sold by
Walcott Kathleen N and Bethune William
Bought by
14-16 Malvern Ave Rlty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2014
Sold by
Walcott Kathleen N
Bought by
Bethune 2Nd William T and Walcott Kathleen N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Welcomein Somerville Llc -- --
Welcomein Somerville Llc -- --
Ranaivozanany Tiana R $1,700,000 None Available
Ranaivozanany Tiana R $1,700,000 None Available
N Blvd Llc -- None Available
N Blvd Llc -- None Available
N Blvd Llc -- None Available
14-16 Malvern Ave Rlty -- None Available
14-16 Malvern Ave Rlty -- None Available
14-16 Malvern Ave Rlty -- None Available
Bethune 2Nd William T -- --
Bethune 2Nd William T -- --
Bethune 2Nd William T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner N Blvd Llc $5,250,000
Previous Owner 14-16 Malvern Ave Rlty $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2024 03/13/24 Sold $1,700,000 +6.3% $592 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $1,599,000 -- $557 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $13,570 $1,243,800 $715,400 $528,400
2024 $12,792 $1,216,000 $715,400 $500,600
2023 $12,487 $1,207,600 $715,400 $492,200
2022 $10,372 $1,018,900 $681,400 $337,500
2021 $9,989 $980,300 $661,500 $318,800
2020 $9,372 $928,800 $616,300 $312,500
2019 $8,697 $808,300 $547,900 $260,400
2018 $8,889 $785,900 $546,000 $239,900
2017 $8,570 $734,400 $515,000 $219,400
2016 $9,000 $718,300 $486,600 $231,700
2015 $8,488 $673,100 $445,500 $227,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73198006

MLS Property Information Network (MLS PIN)

APN: SOME-000013-F000000-000005

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