Tracey Cleversey
Hive Property Group
(339) 444-2143
53 Total Sales
1 in East Somerville
$1,300,000 Price
16 Crescent St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $1,580,000 - $1,631,000
8
Beds
5
Baths
3,585
Sq Ft
$446/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit and schools
- Tennis Courts
- Somerville High School Rated A-
- Community Pool
- 3-minute walk to Florence Playground
About This Home
As of November 2024The Property consists of a fully-leased, two-story building with three residential units consisting of one duplex 4-Bedroom/2-Bathroom unit, one 2-Bedroom/2-Bathroom unit, and one 2-bedroom/1 bathroom unit. 16 Crescent Street is a turn-key Property with condo quality finishes. Units 16-1 and 16-2 feature new luxury vinyl plank flooring throughout, new kitchens with new cabinetry, quartz countertops, stainless steel appliances and new bathrooms with modern amenities. Unit 14 is a direct entry, duplex style unit featuring modern style finishes with new hardwood flooring. All units feature forced hot air heating systems as well as central air conditioning. The building is separately metered for heat, hot water and electricity which the tenants pay directly. The Property also features an on site laundry facility as well as a large backyard for tenants. The Property offers the rare opportunity to acquire an exceptionally well-located, fully renovated asset.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,710
Year Built
- Built in 1900
Lot Details
- 4,791
Parking
- 1 Car Parking Space
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,585 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Additional Features
- 4,791 Sq Ft Lot
- Property is near public transit and schools
- Separate Meters
Listing and Financial Details
- Total Actual Rent $9,650
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 761376
Community Details
Overview
- 3 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Building Details
- Operating Expense $25,323
- Net Operating Income $91,197
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
Aug 15, 2024
Closed on
Oct 31, 2024
Sold by
Bought by
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
John Pentore
Horvath & Tremblay
List Price
$1,500,000
Sold Price
$1,500,000
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,000
Avg. Annual Appreciation
3.71%
Original Mortgage
$3,660,000
Outstanding Balance
$3,584,814
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$1,984,814
Purchase Details
Closed on
Jun 2, 2017
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
$862,000
Interest Rate
3.94%
Mortgage Type
Unknown
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Somerville, MA
-
Tracey Cleversey
-
Gregory Somar
Gregory Somar
Coldwell Banker Realty - Dorchester
(857) 386-7684
15 Total Sales
1 in East Somerville
$760,000 Price
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
164 Total Sales
3 in East Somerville
$640K - $699K Price Range
-
Roy Mazraani
Roy Mazraani
Real Broker MA, LLC
(774) 208-9313
78 Total Sales
1 in East Somerville
$650,000 Price
-
Michael Albano
Michael Albano
ERA Metropolitan Homes
(857) 365-2073
14 Total Sales
2 in East Somerville
$800K - $1.4M Price Range
-
Tina DiMonda
Tina DiMonda
Gibson Sotheby's International Realty
(857) 763-4448
28 Total Sales
1 in East Somerville
$490,000 Price
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 |
|---|---|---|---|
| $1,500,000 | None Available | ||
| $1,012,500 | -- |
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 |
|---|---|---|---|
| Open | $3,660,000 | ||
| Previous Owner | $775,000 | ||
| Previous Owner | $862,000 | ||
| Closed | $50,000 | ||
| Closed | $330,000 |
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 |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $1,500,000 | 0.0% | $418 / Sq Ft |
| 08/26/2024 08/26/24 | Pending | -- | -- | -- |
| 08/15/2024 08/15/24 | For Sale | $1,500,000 | -- | $418 / 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 | $14,651 | $1,342,900 | $430,700 | $912,200 |
| 2024 | $13,710 | $1,303,200 | $430,700 | $872,500 |
| 2023 | $13,393 | $1,295,300 | $430,700 | $864,600 |
| 2022 | $12,817 | $1,259,000 | $410,200 | $848,800 |
| 2021 | $11,924 | $1,170,200 | $404,600 | $765,600 |
| 2020 | $11,130 | $1,103,100 | $389,100 | $714,000 |
| 2019 | $10,091 | $937,800 | $322,800 | $615,000 |
| 2018 | $7,223 | $638,600 | $258,100 | $380,500 |
| 2017 | $7,146 | $612,300 | $243,500 | $368,800 |
| 2016 | $6,506 | $519,200 | $171,100 | $348,100 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
Seller's Agent in 2024
John Pentore
Horvath & Tremblay
(781) 484-8166
2 in this area
43 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73278166
APN: SOME-000105-D000000-000013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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