NOT LISTED FOR SALE

Estimated Value: $1,499,000 - $1,764,000

8 Beds
3 Baths
3,112 Sq Ft
$529/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $1,700,000 $546 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $10,532/month

19 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Garage
  • Somerville High School Rated A-
  • Porch
  • 4-minute walk to North Street Veterans Playground

About This Home

As of February 2024

INVESTORS TAKE NOTICE!! Fully rented, 8-bedroom, TEELE SQ 3-family producing a near $10,000/mo! Nothing to do but close and collect rent with excellent tenants in place on the desirable 9/1 timeline. 1st and 2nd floors have the classic 5 room 3 bed layout. Both units featuring beautiful wood floors, high ceilings and great size rooms. The eat-in-kitchens are modern with white cabinets, stone countertops, and SS appliances. The bathrooms are tiled with tub & shower. The 3rd floor unit features a cool 2 bedroom layout with an open concept kitchen/living room and vaulted ceilings. All units have some sort of private outdoor space and a common yard! Laundry in the dry, clean basement and 2 car garage complete the package! 3/4 mile distance to the Redline & Davis Sq, and under a mile to the now open GLX Tufts Station. A Stone's throw from Tufts University. Minutes to Boston! Turnkey operation, for this large 3-family in a great location. Owning an investment property can't get any easier!

Last Listed By

Sabbor Sheikh

Coldwell Banker Realty - Boston Listed on: 01/02/2024

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,135

Year Built

  • Built in 1910

Lot Details

  • 3,280

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,112 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Schools

  • West Somerville Elementary And Middle School
  • Somerville High School

Additional Features

  • 3,280 Sq Ft Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $9,875
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:8 B:J L:20,748090

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Electric Expense $475
  • Insurance Expense $3,300
  • Water Sewer Expense $3,576
  • Operating Expense $7,351
  • Net Operating Income $95,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,135

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1910
  • Buyer Agency: 2.0%
  • Buyer Agency Type: %
  • Transaction Broker: 2.0%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile
  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 3112
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 545.95
  • PRICE PER Sq Ft: 546.27
  • MAIN SO: BB5522

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3576

Lot Info

  • Parcel Number: M:8 B:J L:20,748090
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3280
  • Lot Size Units: Acres
  • PAGE: 45
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15135
  • Tax Book Number: 70796

Multi Family

  • Electric Expense: 475
  • Gross Income: 118500
  • Insurance Expense: 3300
  • Net Operating Income: 95514
  • Number Of Units Total: 3
  • Operating Expense: 7351
  • Total Actual Rent: 9875
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Somerville High
  • Elementary School: West Somerville
  • Middle Or Junior School: West Somerville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2025
Sold by
Shu Yali
Bought by
Sylph Ret and Shu
Total Days on Market
19
Current Estimated Value
$1,658,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.88%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 6, 2020
Sold by
Silva Peter F
Bought by
Silva Edward C and Silva Peter F

Purchase Details

Closed on
Dec 14, 2010
Sold by
Torres Steven J
Bought by
Steven J Torres T J and Steven Torres

Purchase Details

Closed on
Apr 7, 2010
Sold by
Cooper Deborah A
Bought by
Deborah A Cooper Lt and Cooper

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
Sylph Ret -- None Available
Silva Edward C -- None Available
Steven J Torres T J -- --
Steven J Torres T J -- --
Deborah A Cooper Lt -- --
Deborah A Cooper Lt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shu Yali $650,000
Previous Owner Shu Yali $600,000
Previous Owner Silva Peter $998,000
Previous Owner Silva Peter S $100,000
Previous Owner Silva Peter F $743,000
Previous Owner Silva Peter F $750,000
Previous Owner Deborah Ann Cooper Lt $80,000
Previous Owner Torres Steven J $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $1,700,000 +0.1% $546 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $1,699,000 0.0% $546 / Sq Ft
04/30/2018 04/30/18 Rented $3,000 0.0% --
04/28/2018 04/28/18 Under Contract -- -- --
04/25/2018 04/25/18 For Rent $3,000 -- --
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 $16,032 $1,469,500 $681,400 $788,100
2024 $15,101 $1,435,500 $681,400 $754,100
2023 $15,135 $1,463,700 $681,400 $782,300
2022 $14,425 $1,417,000 $649,000 $768,000
2021 $13,630 $1,337,600 $644,300 $693,300
2020 $13,033 $1,291,700 $644,700 $647,000
2019 $11,727 $1,089,900 $586,900 $503,000
2018 $9,672 $855,200 $533,500 $321,700
2017 $9,515 $815,300 $503,300 $312,000
2016 $9,322 $744,000 $449,500 $294,500
2015 $8,856 $702,300 $415,100 $287,200
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73189706

MLS Property Information Network (MLS PIN)

APN: SOME-000008-J000000-000020