Seller's Agent in 2022
Barrie Wheeler
Hammond Residential Real Estate
(617) 549-6565
2 in this area
93 Total Sales
2 Park Place Somerville, MA 02143
Spring Hill NeighborhoodEstimated Value: $1,192,000 - $1,394,000
5
Beds
2
Baths
2,272
Sq Ft
$565/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Community Pool
- Somerville High School Rated A-
- Wood Flooring
- 3-minute walk to Conway Park
About This Home
As of September 2022Exceptional investment opportunity or owner occupant multi-family close to vibrant Union Square on a lovely side street, freshly painted, and delivered vacant. Building features 2 units; 1st floor unit includes: 2 bedrooms, updated kitchen, living/dining room & in-unit laundry. 2nd floor unit offers an eat-in-kitchen, living/dining room, large bedroom, office & two more bedrooms on the 3rd floor with vaulted ceilings, ceiling fans, and a bathroom. Laundry in basement for unit 2. Recent rents were $5,000 for both units. 2008 Letter of de-leading compliance for 1st floor unit, 2010 architectural shingle roof, 2021 rubber membrane roof over the kitchen, 2008 2 separate forced hot air heating systems, Rheem hot water tanks 12-year warranty, vinyl siding, many replacement windows, low maintenance, parking for two cars, and nicely landscaped yard. Street is plowed by the City of Somerville. Close to Union & Porter Squares, the MBTA, and bus lines.
Last Agent to Sell the Property
Hammond Residential Real Estate Listed on: 08/10/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,165
Year Built
- Built in 1900
Lot Details
- 2,630 Sq Ft Lot
- Level Lot
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,272 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Wood Flooring
- Basement Fills Entire Space Under The House
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Schools
- School Choice Elementary And Middle School
- Somerville High School
Utilities
- Cooling Available
- 2 Heating Zones
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,000
- Rent includes unit 1(none), unit 2(none)
- Assessor Parcel Number M:52 B:G L:30,755565
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Bike Trail
Building Details
- Insurance Expense $1,997
- Water Sewer Expense $977
- Operating Expense $977
- Net Operating Income $47,861
Matterport 3D Tours
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2022
Closed on
Sep 30, 2022
Sold by
Daniel A Diana T A and Daniel Diana
Bought by
Noubary Farzad D and Placek Katerina
Seller's Agent
Barrie Wheeler
Hammond Residential Real Estate
Buyer's Agent
Ava Amiri
Hammond Residential Real Estate
List Price
$1,200,000
Sold Price
$1,056,000
Premium/Discount to List
-$144,000
-12%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,734
Avg. Annual Appreciation
6.29%
Original Mortgage
$792,000
Outstanding Balance
$754,846
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$527,888
Purchase Details
Closed on
Nov 27, 2020
Sold by
Diana Daniel A and Diana Christina P
Bought by
Daniel A Diana T A and Daniel Diana
Purchase Details
Closed on
Jul 26, 2007
Sold by
Ardizzoni Mary C
Bought by
Diana Christina P and Diana Daniel A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noubary Farzad D | $1,056,000 | None Available | |
| Daniel A Diana T A | -- | None Available | |
| Diana Christina P | $395,000 | -- | |
| Diana Christina P | $395,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Noubary Farzad D | $792,000 | |
| Previous Owner | Diana Christina P | $307,000 | |
| Previous Owner | Diana Christina P | $316,000 | |
| Previous Owner | Diana Christina P | $862 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $1,056,000 | +5.6% | $465 / Sq Ft |
| 08/23/2022 08/23/22 | Pending | -- | -- | -- |
| 08/18/2022 08/18/22 | Price Changed | $1,000,000 | -16.7% | $440 / Sq Ft |
| 08/10/2022 08/10/22 | For Sale | $1,200,000 | -- | $528 / 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 | $12,260 | $1,123,700 | $533,900 | $589,800 |
| 2024 | $10,069 | $957,100 | $533,900 | $423,200 |
| 2023 | $9,799 | $947,700 | $533,900 | $413,800 |
| 2022 | $9,165 | $900,300 | $508,500 | $391,800 |
| 2021 | $8,629 | $846,800 | $484,300 | $362,500 |
| 2020 | $8,154 | $808,100 | $465,700 | $342,400 |
| 2019 | $7,745 | $719,800 | $404,900 | $314,900 |
| 2018 | $7,061 | $624,300 | $368,100 | $256,200 |
| 2017 | $6,798 | $582,500 | $347,300 | $235,200 |
| 2016 | $6,021 | $480,500 | $254,100 | $226,400 |
Source: Public Records
Agents Affiliated with this Home
-
Barrie Wheeler
-
Ava Amiri
A
Seller Co-Listing Agent in 2022
Ava Amiri
Hammond Residential Real Estate
(617) 233-5993
1 in this area
37 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73023722
APN: SOME-000052-G000000-000030
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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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