NOT LISTED FOR SALE
99 Beds
30 Baths
999 Sq Ft
0.56 Acres Lot

Sale Details

Date Sold: March 24, 2022

Last sale price $14,000,000 $14,014 Per Sq Ft

45 Days on Market

Highlights

  • 0.56 Acre Lot
  • Laundry Room
  • 2-minute walk to Conway Park
  • Somerville High School Rated A-

About This Home

As of March 2022

The beautifully maintained, three-story building contains (30) residential units consisting of (15), 1-Bedroom/1-Bedroom units, (12), 2-Bedroom/1-Bathroom units, and (3), studio units in 20,580 sqft. of living area on a 0.56-acre parcel with parking for 33 vehicles. Since the buildings acquisition in 2019, 19 Central has undergone extensive renovations under current ownership. The majority of the units have been renovated with updated kitchens, bathrooms and flooring throughout. Additional renovations include refreshed common areas, updated electrical and window pane replacements. Building amenities include an on-site laundry facility, private storage, indoor bike racks and wall air conditioning units for all apartments. Located in the Spring Hill neighborhood of Somerville, in the path of the future Green Line Extension, the Property offers the rare opportunity to acquire a generational multi family asset with significant upside potential in one of the hottest real estate markets.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 11/19/2021

Co-Listed By

Dennis Kelleher

Horvath & Tremblay

Last Buyer's Agent

John Pentore

Horvath & Tremblay Listed on: 11/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $49,740

Year Built

  • Built in 1977

Lot Details

  • 0.56

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Tar and Gravel Roof

Interior Spaces

  • 999 Sq Ft Home
  • Property has 1 Level
  • Laundry Room

Bedrooms and Bathrooms

  • 99 Bedrooms
  • 30 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 33 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • 24,394 Sq Ft Lot
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $19,998
  • Assessor Parcel Number 755605

Community Details

Overview

  • 30 Units

Building Details

  • Operating Expense $195,527
  • Net Operating Income $546,401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49,740

Year Built

Built in 1977

Lot Details

0.56 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1977
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 99
  • Full Bathrooms: 30
  • Total Bathrooms: 30
  • Laundry Features: Laundry Room
  • Basement: Full, Walk-Out Access
  • Living Area: 999
  • Stories Total: 3
  • MAIN LO: AN2723
  • MAIN SO: AN2723

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Other
  • Road Frontage Type: Public
  • Roof: Shingle, Tar/Gravel
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 33

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: 755605
  • Zoning: UR
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.56
  • Lot Size Sq Ft: 24393.6
  • Lot Size Units: Acres
  • LOT SIZE: 24393

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 49740

Multi Family

  • Net Operating Income: 546401
  • Number Of Units Total: 30
  • Operating Expense: 195527
  • Total Actual Rent: 19998
  • LEVELS 1: 1
  • LEASE 2: Y
  • LEASE 1: Y
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $14,000,000 -6.7% $14,014 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
11/19/2021 11/19/21 For Sale $15,000,000 -- $15,015 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $136,188 $12,482,900 $1,844,400 $10,638,500
2024 $133,680 $12,707,200 $1,844,400 $10,862,800
2023 $61,877 $5,984,200 $1,844,400 $4,139,800
2022 $57,264 $5,625,100 $1,844,400 $3,780,700
2021 $47,825 $4,693,300 $1,844,400 $2,848,900
2020 $45,621 $4,521,400 $1,844,400 $2,677,000
2019 $43,097 $4,005,300 $1,844,400 $2,160,900
2018 $41,799 $3,695,800 $1,844,400 $1,851,400
2017 $40,504 $3,470,800 $1,739,900 $1,730,900
2016 $38,898 $3,104,400 $1,649,900 $1,454,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72921917

MLS Property Information Network (MLS PIN)

APN: SOME M:52 B:H L:45

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