NOT LISTED FOR SALE
6 Beds
6 Baths
3,768 Sq Ft
2,900 Sq Ft Lot

Sale Details

Date Sold: September 14, 2023

Last sale price $1,730,000 $459 Per Sq Ft

34 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Tennis Courts
  • Somerville High School Rated A-
  • Corner Lot
  • 3-minute walk to Lexington Park

About This Home

As of September 2023

Located just outside of Somerville’s historic Davis Square, 147 Cedar Street is situated in one of Somerville’s busiest neighborhoods, just off the Somerville Community Path. 147 Cedar Street consists of 6 (six) residential units, 4 (four) Parking spots.147 Cedar Street is conveniently located in between Tufts University, Magoon Square and Davis Square allowing tenants a convenient walk to each destination. In 2022, the new Magoun Square Green Line Station opened, as a part of Somerville’s Green Line extension. Under a 0.3 mile walk door to door, a 0.7 mile walk to Davis Square and a 0.7 mile walk to Porter Square, 147 Cedar Street tenants have easy access to Boston and the greater MBTA access points, all of which makes 147 Cedar Street a well-positioned investment.

Last Agent to Sell the Property

Dan Dewing

Boston Realty Advisors Listed on: 04/18/2023

Last Buyer's Agent

Sabbor Sheikh

Coldwell Banker Realty - Boston

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,453

Year Built

  • Built in 1900

Lot Details

  • 2,900 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Parking Spaces

Interior Spaces

  • 3,768 Sq Ft Home
  • Partially Finished Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Additional Features

  • Bulkhead
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $10,425
  • Assessor Parcel Number 752170

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $871
  • Insurance Expense $4,775
  • Water Sewer Expense $4,162
  • Operating Expense $41,502
  • Net Operating Income $84,198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,453

Year Built

Built in 1900

Lot Details

2,900 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Partially Finished, Interior Entry, Bulkhead, Concrete
  • Living Area: 3768
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN1921
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Other
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Oil, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4162

Lot Info

  • Parcel Number: 752170
  • Zoning: 0
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2900
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15453

Multi Family

  • Electric Expense: 871
  • Insurance Expense: 4775
  • Net Operating Income: 84198
  • Number Of Units Total: 6
  • Operating Expense: 41502
  • Total Actual Rent: 10425
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Sep 14, 2023
Sold by
Bought by
Seller's Agent
Dan Dewing
Boston Realty Advisors
Buyer's Agent
Sabbor Sheikh
Coldwell Banker Realty - Boston
List Price
$1,800,000
Sold Price
$1,730,000
Premium/Discount to List
-$70,000
-3.89%
Views
99

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.069%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
0.046%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0585%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,730,000 None Available
-- --
-- --
$400,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $850,000
Closed $3,000,000
Closed $450,000
Closed $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/14/2023 09/14/23 Sold $1,730,000 0.0% $459 / Sq Ft
06/01/2023 06/01/23 Off Market $1,730,000 -- --
04/18/2023 04/18/23 For Sale $1,800,000 -- $478 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,216 $1,669,700 $662,400 $1,007,300
2024 $16,708 $1,588,200 $662,400 $925,800
2023 $16,192 $1,566,000 $662,400 $903,600
2022 $14,771 $1,451,000 $630,900 $820,100
2021 $13,856 $1,359,800 $600,800 $759,000
2020 $13,122 $1,300,500 $577,700 $722,800
2019 $11,837 $1,100,100 $502,400 $597,700
2018 $10,134 $896,000 $456,700 $439,300
2017 $9,355 $801,600 $430,900 $370,700
2016 $8,753 $698,600 $394,100 $304,500
2015 $8,481 $672,600 $391,900 $280,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73100140

MLS Property Information Network (MLS PIN)
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