Seller's Agent in 2017
Bill Aibel
Coldwell Banker Realty - Cambridge
(617) 840-6351
6 in this area
82 Total Sales
16 Preston Rd Somerville, MA 02143
Spring Hill NeighborhoodEstimated Value: $2,359,000 - $3,222,294
9
Beds
3
Baths
4,894
Sq Ft
$546/Sq Ft
Est. Value
About This Home
As of April 2017Stately and Massive best describe this very Rare and Historic Colonial Revival Triple Decker. Premium street and location near Union Square. Each unit has over 1600 sf with well proportioned rooms, large kitchen with pantry, oversized hallways and great ceiling height. All original details remain. An exquisite exterior with period detail, front and rear porches, natural woodwork, built-in china cabinets, fir flooring, stained glass and lots of oversized windows characterize the era in which it was constructed. Two separate driveways, one of which leads to the original 2 story carriage house and an additional three driveway spots. Another enormous shed is attached to the carriage house. Both structures offer lots of potential for future use. All utilities are separated and all heating (forced hot air) and water systems are gas. "Public" meters have been installed to cover the common area expenses, including laundry. Options exist for the next owner. This is a very special property!
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$28,283
Year Built
1908
Lot Details
0
Listing Details
- Lot Description: Paved Drive, Shared Drive, Level
- Property Type: Multi-family
- Other Agent: 2.50
- Lead Paint: Unknown
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1908
Interior Features
- Has Basement: Yes
- Number of Rooms: 19
- Amenities: Public Transportation, Shopping
- Electric: 60 Amps/Less
- Flooring: Hardwood
- Basement: Full, Interior Access, Concrete Floor
- Total Levels: 3
Exterior Features
- Roof: Rubber
- Construction: Frame
- Exterior: Clapboard, Wood
- Exterior Features: Porch, Porch - Enclosed, Gutters
- Foundation: Granite
Garage/Parking
- Parking: Off-Street, Deeded
- Parking Spaces: 4
Utilities
- Heat Zones: 3
- Hot Water: Natural Gas, Tank
- Utility Connections: for Gas Range, for Gas Oven
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 3
Lot Info
- Assessor Parcel Number: M:52 B:C L:17
- Zoning: RB
Multi Family
- Heat Units: 3
- Total Bedrooms: 9
- Total Floors: 6
- Total Full Baths: 3
- Total Levels: 3
- Total Rms: 19
- Total Rent_1: 6300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2017
Closed on
Apr 28, 2017
Sold by
Pt Stephen G Johnson
Bought by
Preston Road Llc
Seller's Agent
Bill Aibel
Coldwell Banker Realty - Cambridge
Buyer's Agent
Cheryl Meyerson
Coldwell Banker Realty - Cambridge
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
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
$824,098
Avg. Annual Appreciation
4.32%
Original Mortgage
$1,087,000
Outstanding Balance
$881,722
Interest Rate
2.88%
Mortgage Type
Unknown
Estimated Equity
$1,747,618
Purchase Details
Listed on
Feb 8, 2017
Closed on
Apr 12, 2017
Sold by
Farrell Brian and Conte Modestino
Bought by
Torres Torres S and Torres R
Seller's Agent
Bill Aibel
Coldwell Banker Realty - Cambridge
Buyer's Agent
Cheryl Meyerson
Coldwell Banker Realty - Cambridge
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,000
Outstanding Balance
$881,722
Interest Rate
2.88%
Mortgage Type
Unknown
Estimated Equity
$1,747,618
Purchase Details
Closed on
Jun 29, 2010
Sold by
Mead Morgan N
Bought by
Farrell Brian and Eames Dexter
Purchase Details
Closed on
Jul 1, 1998
Sold by
Gatchell Majorie
Bought by
Mead Morgan N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Preston Road Llc | -- | -- | |
| Torres Torres S | $1,850,000 | -- | |
| Farrell Brian | $940,000 | -- | |
| Mead Morgan N | $435,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Torres Torres S | $1,087,000 | |
| Previous Owner | Mead Morgan N | $500,000 | |
| Previous Owner | Mead Morgan N | $200,000 | |
| Previous Owner | Mead Morgan N | $400,000 | |
| Previous Owner | Mead Morgan N | $348,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2017 04/12/17 | Sold | $1,850,000 | -5.1% | $378 / Sq Ft |
| 02/17/2017 02/17/17 | Pending | -- | -- | -- |
| 02/08/2017 02/08/17 | For Sale | $1,950,000 | -- | $398 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $28,283 | $2,592,400 | $739,700 | $1,852,700 |
| 2024 | $26,425 | $2,511,900 | $739,700 | $1,772,200 |
| 2023 | $25,764 | $2,491,700 | $739,700 | $1,752,000 |
| 2022 | $24,666 | $2,423,000 | $704,500 | $1,718,500 |
| 2021 | $24,487 | $2,403,000 | $671,000 | $1,732,000 |
| 2020 | $23,985 | $2,377,100 | $645,100 | $1,732,000 |
| 2019 | $22,408 | $2,082,500 | $561,000 | $1,521,500 |
| 2018 | $14,002 | $1,238,000 | $510,000 | $728,000 |
| 2017 | $13,564 | $1,162,300 | $481,100 | $681,200 |
| 2016 | $11,827 | $943,900 | $352,000 | $591,900 |
| 2015 | $11,315 | $897,300 | $350,000 | $547,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
C
Buyer's Agent in 2017
Cheryl Meyerson
Coldwell Banker Realty - Cambridge
(617) 375-6900
1 in this area
9 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72117259
APN: SOME-000052-C000000-000017
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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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