NOT LISTED FOR SALE

Estimated Value: $1,507,000 - $1,811,484

8 Beds
3 Baths
3,112 Sq Ft
$545/Sq Ft Est. Value

Last Sold February 29, 2024

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

Current estimated payment $10,781/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 Agent to Sell the Property

Sabbor Sheikh

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

Coldwell Banker Realty - Boston

Last Buyer's Agent

Dan Li

Keller Williams Realty

Keller Williams Realty

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
Current Estimated Value
$1,695,621

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
Source: Public Records

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Range of Values:

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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
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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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73189706

MLS Property Information Network (MLS PIN)

APN: SOME-000008-J000000-000020