Seller's Agent in 2022
Eunmi Lee
Eunmi Lee
(617) 388-7734
1 in this area
4 Total Sales
20 Cutter Ave Somerville, MA 02144
Davis Square NeighborhoodEstimated Value: $1,342,000 - $1,994,573
8
Beds
2
Baths
2,706
Sq Ft
$600/Sq Ft
Est. Value
Highlights
- Medical Services
- 4-minute walk to Davis Station
- Wood Flooring
- Somerville High School Rated A-
- Property is near public transit and schools
- 1-minute walk to Kenney Park
About This Home
As of April 2022Serious and seasoned investors! Sale by a conservator. Subject to license to sell. Amazing Location! Right around the corner from Davis Sq! Investors! Come check out this 2 family house with 8 bedrooms! Renovated 3 Bedroom unit on the first floor with an updated kitchen with stainless steel appliances and granite counter tops. (Previous tenant paid $3300 per month)(one of the bedroom has a stand alone closet). 2nd Floor unit has two floors of living space (floors 2 and 3) and 5 bedrooms (2 bedrooms on the second fl and 3 bedrooms on the 3rd fl). Second and third floor need to be gut renovated but has great potential for rental income once you finish. 1st FL lease expires on 8/31/22.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,139
Year Built
- Built in 1920
Lot Details
- 3,485 Sq Ft Lot
- Fenced
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,706 Sq Ft Home
- Property has 1 Level
- Wood Flooring
Kitchen
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- 2 Heating Zones
- Heating Available
- 110 Volts
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $2,300
- Rent includes unit 1(water)
- Assessor Parcel Number M:25 B:A L:14,750448
Community Details
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
Additional Features
- 2 Units
- Net Operating Income $27,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2021
Closed on
Apr 11, 2022
Sold by
Campisi Victor A
Bought by
Chang Chia-Li
Seller's Agent
Eunmi Lee
Eunmi Lee
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
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
$272,893
Avg. Annual Appreciation
5.06%
Original Mortgage
$810,000
Outstanding Balance
$755,181
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$867,712
Purchase Details
Closed on
Oct 4, 2012
Sold by
Campisi Gloria J
Bought by
Campisi 2Nd Victor A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Chang Chia-Li | $1,350,000 | None Available | |
| Chang Chia-Li | $1,350,000 | None Available | |
| Campisi 2Nd Victor A | -- | -- | |
| Campisi 2Nd Victor A | -- | -- | |
| Campisi 2Nd Victor A | -- | -- | |
| Campisi 2Nd Victor A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chang Chia-Li | $810,000 | |
| Previous Owner | Campisi 2Nd Victor A | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/11/2022 04/11/22 | Sold | $1,350,000 | 0.0% | $499 / Sq Ft |
| 12/29/2021 12/29/21 | Pending | -- | -- | -- |
| 12/13/2021 12/13/21 | Off Market | $1,350,000 | -- | -- |
| 12/02/2021 12/02/21 | For Sale | $1,450,000 | -- | $536 / 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 | $17,243 | $1,580,500 | $687,800 | $892,700 |
| 2024 | $11,033 | $1,048,800 | $687,800 | $361,000 |
| 2023 | $12,158 | $1,175,800 | $687,800 | $488,000 |
| 2022 | $11,442 | $1,124,000 | $655,000 | $469,000 |
| 2021 | $11,139 | $1,093,100 | $650,300 | $442,800 |
| 2020 | $10,770 | $1,067,400 | $650,700 | $416,700 |
| 2019 | $10,218 | $949,600 | $592,300 | $357,300 |
| 2018 | $9,530 | $842,600 | $538,500 | $304,100 |
| 2017 | $8,919 | $764,300 | $508,000 | $256,300 |
| 2016 | $8,608 | $687,000 | $453,600 | $233,400 |
| 2015 | $8,200 | $650,300 | $419,000 | $231,300 |
Source: Public Records
Agents Affiliated with this Home
-
Eunmi Lee
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72924507
APN: SOME-000025-A000000-000014
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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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