NOT LISTED FOR SALE

2 Ivaloo St Somerville, MA 02143

Ward Two 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
  • 0.1 Acre Lot
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • 4-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

Location

  • Property is near public transit
  • Property is near schools

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

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: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 1.0
  • 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
  • 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
  • LIST PRICE PER Sq Ft: 447.95
  • PRICE PER Sq Ft: 447.95
  • MAIN SO: B11101

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Frontage Length: 94
  • 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 Area: 0.1
  • Lot Size Sq Ft: 4459
  • Lot Size Units: Acres
  • PAGE: 255
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat, Varies per Unit

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 27810
  • Tax Block: D
  • Tax Book Number: 13752
  • Tax Lot: 0005
  • Tax Map Number: 45

Multi Family

  • Gross Income: 24
  • 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 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

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

Range of Values:

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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 Change Sq Ft Price
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

Agents Affiliated with this Home

  • John Bulman

    Seller's Agent in 2022

    John Bulman

    Brad Hutchinson Real Estate

    (781) 252-2202

    1 in this area

    79 Total Sales

    John Bulman
    Section Image
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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 Ward Two

2 Ivaloo St, Somerville, MA

This home is located at 2 Ivaloo St, Somerville, MA 02143 since 20 June 2022. This property was built in 1900. 2 Ivaloo St is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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