Seller's Agent in 2022
Steven Bracero
Vanderbilt Properties, LLC
(774) 232-2526
1 in this area
44 Total Sales
186 Central St Somerville, MA 02145
Magoun Square NeighborhoodEstimated Value: $1,146,000 - $1,531,275
4
Beds
2.5
Baths
2,525
Sq Ft
$506/Sq Ft
Est. Value
Highlights
- 0.18 Acre Lot
- Property is near public transit
- 1 Fireplace
- Somerville High School Rated A-
- Wood Flooring
- 5-minute walk to Henry O. Hansen Park
About This Home
As of October 2022New two family investment property in Somerville! Easy access to multiple MBTA stations (Gilman Sq Green Line, Assembly Sq Orange Line, Davis/Porter Sq Red Lines) & Route 93. Convenient Winter Hill location close to shopping, restaurants, Assembly Row & Somerville High School. Driveway with Off St Parking for 3-4 Cars accompanied with a side yard with vegetable garden & grape arbor. Private, set back from the street, This two unit multifamily boasts 4 beds & 2.5 baths. Larger 1st Unit features two floors and offers 3 beds with office space, full kitchen along with dining room and 1.5 baths. Unit 2 features 1 bed with private porch 1 bath & full kitchen. Strong income producing potential with opportunity to increase rents. Very strong rental history, tenants currently on time with rent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,574
Year Built
- Built in 1900
Lot Details
- 7,800
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,525 Sq Ft Home
- Property has 2 Levels
- 1 Fireplace
- Basement Fills Entire Space Under The House
- Dishwasher
- Washer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 3 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- Cooling Available
- Heating Available
- Oil Water Heater
Additional Features
- Porch
- 7,800 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $5,550
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:48 B:A L:10,754598
Community Details
Recreation
- Park
Additional Features
- 2 Units
- Shops
- Net Operating Income $70,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 30, 1992
Sold by
Zografos George D and Zografos Cathy L
Bought by
Schulman Michael J
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schulman Michael J | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Herald Betsy | $1,157,875 | |
| Closed | Schulman Michael J | $175,044 | |
| Closed | Schulman Michael J | $200,500 | |
| Closed | Schulman Michael J | $125,000 | |
| Closed | Schulman Michael J | $225,000 | |
| Closed | Schulman Michael J | $227,500 | |
| Closed | Schulman Michael J | $100,000 | |
| Closed | Schulman Michael J | $138,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/19/2022 10/19/22 | Sold | $900,000 | -10.0% | $356 / Sq Ft |
| 08/08/2022 08/08/22 | Pending | -- | -- | -- |
| 07/28/2022 07/28/22 | Price Changed | $999,900 | -16.7% | $396 / Sq Ft |
| 06/08/2022 06/08/22 | For Sale | $1,199,900 | -- | $475 / 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 | $16,974 | $1,555,800 | $653,800 | $902,000 |
| 2024 | $9,445 | $897,800 | $653,800 | $244,000 |
| 2023 | $11,303 | $1,093,100 | $653,800 | $439,300 |
| 2022 | $10,574 | $1,038,700 | $622,600 | $416,100 |
| 2021 | $9,968 | $978,200 | $593,000 | $385,200 |
| 2020 | $9,425 | $934,100 | $570,200 | $363,900 |
| 2019 | $8,811 | $818,900 | $484,000 | $334,900 |
| 2018 | $8,469 | $748,800 | $466,800 | $282,000 |
| 2017 | $8,104 | $694,400 | $435,300 | $259,100 |
| 2016 | $7,841 | $625,800 | $376,400 | $249,400 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Bracero
-
Betsy Herald
Buyer's Agent in 2022
Betsy Herald
The Charles Realty
(617) 905-5441
2 in this area
117 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72993941
APN: SOME-000048-A000000-000010
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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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