NOT LISTED FOR SALE

16 Princeton St Unit 1 Somerville, MA 02144

Magoun Square Neighborhood

Estimated Value: $1,036,000 - $1,298,000

1 Bed
1 Bath
514 Sq Ft
$2,238/Sq Ft Est. Value

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • Heating System Uses Natural Gas
  • Somerville High School Rated A-
  • Laundry Facilities
  • 3-minute walk to W Dog Park

About This Home

As of June 2023

Sunny, well maintained one bedroom apartment, just steps from the bike path to Davis Square. Hardwood floors, large bedroom, large closets, including one walk-in. Gas range, Laundry in basement. Utilities included!

Last Agent to Rent the Property

Jon Leonard

Metropolitan Boston Real Estate, LLC Listed on: 06/21/2023

Last Renter's Agent

Jon Leonard

Metropolitan Boston Real Estate, LLC Listed on: 06/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,174

Year Built

  • 1930

Lot Details

  • 2,352

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 514 Sq Ft Home
  • Laundry in Basement
  • Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $2,000
  • Property Available on 9/1/23
  • Rent includes heat, hot water, electricity, gas, water
  • 12 Month Lease Term
  • Assessor Parcel Number 752142

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,174

Year Built

1930

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2023-09-01
  • Lease Term: Term of Rental(12)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Entry Level: 1
  • Year Round: Yes
  • CoOp Comp: 1000
  • ResoPropertyType: ResidentialLease
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Year Built (Public Record): 1930

Interior Features

  • Fireplace YN: No
  • Appliances: Range,Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Laundry Features: In Basement, Common Area, In Building
  • Room Living Room Level: First
  • Living Area: 514
  • Spa YN: No
  • MAIN LO: AN7597
  • MAIN SO: AN7597

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Utilities

  • Heating: Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: No
  • Rent Includes: Heat, Hot Water, Electricity, Gas, Water
  • Senior Community YN: No

Lot Info

  • Parcel Number: 752142
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2015
Sold by
Ferreira Jose A and Ferreira Adelina
Bought by
Lay Christopher J and Paintal Surjeet K
Current Estimated Value
$1,150,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$220,189
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$930,266

Purchase Details

Closed on
Jun 24, 1991
Sold by
Mahoney Michael F and Mahoney Gdn C T
Bought by
Ferreira Manuel A and Ferreira Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
9.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lay Christopher J $685,000 --
Ferreira Manuel A $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lay Christopher J $285,000
Previous Owner Ferreira Manuel A $76,000
Previous Owner Ferreira Manuel A $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2023 06/25/23 Rented $2,000 0.0% --
06/25/2023 06/25/23 Under Contract -- -- --
06/21/2023 06/21/23 For Rent $2,000 +5.3% --
07/01/2018 07/01/18 Rented $1,900 0.0% --
06/28/2018 06/28/18 Under Contract -- -- --
06/19/2018 06/19/18 For Rent $1,900 -- --
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 $12,174 $1,115,900 $512,200 $603,700
2024 $11,375 $1,081,300 $512,200 $569,100
2023 $11,078 $1,071,400 $512,200 $559,200
2022 $10,356 $1,017,300 $487,800 $529,500
2021 $9,726 $954,500 $464,600 $489,900
2020 $9,177 $909,500 $446,800 $462,700
2019 $8,760 $814,100 $388,500 $425,600
2018 $8,235 $728,100 $353,200 $374,900
2017 $7,904 $677,300 $333,200 $344,100
2016 $6,948 $554,500 $304,700 $249,800
Source: Public Records

Agents Affiliated with this Home

  • Jon Leonard

    Landlord's Agent in 2023

    Jon Leonard

    Metropolitan Boston Real Estate, LLC

    (617) 872-3842

    10 Total Sales

    Jon Leonard
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73127329

MLS Property Information Network (MLS PIN)

APN: SOME-000034-A000000-000018

Massachusetts Middlesex County Somerville 02144 Magoun Square

16 Princeton St Unit 1, Somerville, MA

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