NOT LISTED FOR SALE

16 Westminster St Somerville, MA 02144

Estimated Value: $1,533,000 - $1,698,906

8 Beds
2.5 Baths
3,445 Sq Ft
$460/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $1,400,000 $406 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,762/month

2 Days on Market

Highlights

  • Marina
  • Medical Services
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • 3-minute walk to Lou Ann David Park

About This Home

As of July 2023

After more than 50 years, here's an incredible opportunity to own this gem! Bright 2 family on a tree-lined side street perfectly situated just minutes from all Somerville has to offer! Teele Square just steps away. Davis Square & Tufts Univ. less than a mile away! Hospitals, public transportation, great dining and shopping nearby. Will be fully vacant by July 1. Choose from either of the spacious 2-level units for owner-occupied or enjoy the rental income from both. Boasting vinyl siding, finished basement space with potentially another bedroom and 1/2 bath, stunning hardwood floors throughout much of this home, a RARE 3 car garage and private yard space! Each unit has it's own laundry room, as well as separate access to basement. The front & rear porches are nice common spaces. Unit #18 current rent significantly below market. Separate utilities. Invest in your future & make this classic yours! SEE FLOOR PLANS IN PHOTOS! Showings start at Open House Thurs, May 18 4-6 pm.

Last Agent to Sell the Property

Lisa Scacchi

Keller Williams Realty Metropolitan Listed on: 05/18/2023

Keller Williams Realty Metropolitan

Last Buyer's Agent

Erica Covelle

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,283

Year Built

  • Built in 1900

Lot Details

  • 4,837 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 3 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,445 Sq Ft Home
  • Mud Room
  • Sun or Florida Room
  • Storage

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry Room
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Bulkhead
  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 2 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,900
  • Rent includes unit 2(water other (see remarks))
  • Legal Lot and Block 6 / H
  • Assessor Parcel Number M:11 B:H L:6,748565

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,283

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Transaction Broker: 2.0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Vinyl,Carpet,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Wood Flooring)
  • Interior Amenities: Storage, Mudroom, Sunroom, Unit 1(Ceiling Fans,Pantry,Storage), Unit 2(Ceiling Fans,Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Living RM/Dining RM Combo,Mudroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den,Sunroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Wall Oven,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Refrigerator), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 8
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full, Partially Finished, Interior Entry, Bulkhead
  • Living Area: 3445
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: NH0049
  • LIST PRICE PER Sq Ft: 406.39
  • PRICE PER Sq Ft: 406.39
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, Washer Hookup
  • Cooling: Unit 1(None)
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
  • Rent Includes: Unit 2(Water,Other (See Remarks))
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:11 B:H L:6,748565
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4837
  • Lot Size Units: Acres
  • PAGE: 46
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13283
  • Tax Block: H
  • Tax Book Number: 29520
  • Tax Lot: 6
  • Tax Map Number: 11

Multi Family

  • Gross Income: 34800
  • Net Operating Income: 34800
  • Number Of Units Total: 2
  • Total Actual Rent: 2900
  • LEVELS 1: 3
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cohoe Grant $1,120,000
Closed Hak Cmk Rt $51,500
Closed Hak Cmk Rt $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $1,400,000 0.0% $406 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $1,400,000 -- $406 / Sq Ft
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 $14,532 $1,332,000 $763,300 $568,700
2024 $13,907 $1,322,000 $763,300 $558,700
2023 $13,283 $1,284,600 $763,300 $521,300
2022 $12,505 $1,228,400 $727,000 $501,400
2021 $12,185 $1,195,800 $721,700 $474,100
2020 $11,794 $1,168,900 $722,100 $446,800
2019 $11,212 $1,042,000 $657,300 $384,700
2018 $10,385 $918,200 $597,600 $320,600
2017 $10,180 $872,300 $563,800 $308,500
2016 $9,827 $784,300 $503,400 $280,900
2015 $9,374 $743,400 $464,900 $278,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73113213

MLS Property Information Network (MLS PIN)

APN: SOME-000011-H000000-000006