NOT LISTED FOR SALE

2 Ivaloo St Somerville, MA 02143

Spring Hill Neighborhood
12 Beds
6 Baths
6,474 Sq Ft
4,459 Sq Ft Lot

Last Sold September 07, 2022

Last sale price $2,900,000 $448 Per Sq Ft

20 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Corner Lot
  • Somerville High School Rated A-
  • Wood Flooring
  • 3-minute walk to Palmacci Playground

About This Home

As of September 2022

2-6A Ivaloo Street is a three story six unit building with 12 total bedrooms and approximately 6,454 +/- sq/ft of living area. This property has been in the same family for decades and has been very well maintained. All separate utilities including 5 Buderus heating systems. All the units have Lead Compliance Certificates. There is a tandem driveway for two cars on the right side of the property. This property offers investors the opportunity to acquire a well located value add, multi family asset in one of the strongest residential submarkets in New England. All leases end August 31, 2022. Four will be vacating which will offer lots of flexibility for the investor. Located lose to Somerville Ave., there are numerous options for public transportation, shopping, dining, entertainment and outdoor recreation areas. Just 2.5 miles to Assembly Row and all its shops and eclectic restaurants.. Buildings like this do not come by often....Don't miss out !!!

Last Agent to Sell the Property

John Bulman

Brad Hutchinson Real Estate Listed on: 06/20/2022

Last Buyer's Agent

John Bulman

Brad Hutchinson Real Estate Listed on: 06/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,810

Year Built

  • Built in 1900

Lot Details

  • 4,459 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 6,474 Sq Ft Home
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Schools

  • Somerville Midd Middle School
  • Somerville High School

Utilities

  • No Cooling
  • 6 Heating Zones
  • Heating Available
  • Separate Meters
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $2
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Legal Lot and Block 0005 / D
  • Assessor Parcel Number M:45 B:D L:5,754203

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Bike Trail

Building Details

  • Net Operating Income $24

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,810

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood,Tile,Vinyl,Varies Per Unit,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Stone/Ceramic Tile Floor), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Unit 1(Ceiling Fans,Lead Certification Available,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 2(Lead Certification Available,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 3(Lead Certification Available,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 4(Lead Certification Available,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator), Unit 2(Range,Dishwasher,Disposal,Refrigerator), Unit 3(Range,Dishwasher,Disposal,Refrigerator), Unit 4(Range,Dishwasher,Disposal,Freezer), Tank Water Heater,Tankless Water Heater,Water Heater(Varies Per Unit), Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Laundry Room
  • Basement: Full, Concrete, Unfinished
  • Living Area: 6474
  • Stories Total: 9
  • Window Features: Insulated Windows, Screens
  • MAIN LO: B11101
  • MAIN SO: B11101

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Driveway, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Hot Water Baseboard,Oil,Individual,Unit Control), Unit 2(Hot Water Baseboard,Oil,Individual,Unit Control), Unit 3(Hot Water Baseboard,Oil,Individual,Unit Control), Unit 4(Hot Water Baseboard,Oil,Individual,Unit Control)
  • Cooling Y N: No
  • Electric: 220 Volts, Circuit Breakers, Common, Individually Metered, Varies per Unit
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: MWRA
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, Public School, T-Station, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:45 B:D L:5,754203
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Gentle Sloping, Level
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4459
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat, Varies per Unit

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 27810
  • Tax Block: D
  • Tax Lot: 0005

Multi Family

  • Net Operating Income: 24
  • Number Of Units Total: 6
  • Total Actual Rent: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

MLS Schools

  • High School: Somerville High
  • Middle Or Junior School: Somerville Midd

Range of Values:

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Value Increase
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Percent Increase
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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
09/07/2022 09/07/22 Sold $2,900,000 0.0% $448 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $2,900,000 -- $448 / 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 $35,084 $3,215,800 $1,098,300 $2,117,500
2024 $33,763 $3,209,400 $1,098,300 $2,111,100
2023 $30,560 $2,955,500 $1,098,300 $1,857,200
2022 $27,810 $2,731,800 $1,046,000 $1,685,800
2021 $26,048 $2,556,200 $996,100 $1,560,100
2020 $24,012 $2,379,800 $894,000 $1,485,800
2019 $22,032 $2,047,600 $819,000 $1,228,600
2018 $18,633 $1,647,500 $744,600 $902,900
2017 $17,534 $1,502,500 $702,500 $800,000
2016 $17,031 $1,359,200 $702,100 $657,100
2015 $15,808 $1,253,600 $647,800 $605,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Bulman

    Brad Hutchinson Real Estate

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73000511

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Somerville 02143 Spring Hill

2 Ivaloo St, Somerville, MA

Not Listed for Sale

MultiFamily

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