Seller's Agent in 2020
Susan Condrick
Gibson Sothebys International Realty
(617) 842-4600
50 Total Sales
21 Cutter Ave Somerville, MA 02144
Davis Square NeighborhoodEstimated Value: $1,108,000 - $1,857,000
6
Beds
3
Baths
2,835
Sq Ft
$502/Sq Ft
Est. Value
Highlights
- Landscaped Professionally
- 4-minute walk to Davis Station
- Porch
- Somerville High School Rated A-
- Wood Flooring
- 2-minute walk to Kenney Park
About This Home
As of January 2020Fantastic opportunity to invest in Davis Square. This three-family home offers a great location, key updates, and strong rental history. Each unit consists of 4 rooms, an updated full bathroom, renovated eat-in-kitchens and refinished wood floors throughout. Unit 1 and 2 have in-unit laundry. Units 2 and 3 have new kitchen cabinets and granite countertops. All units have newer upgraded appliances.The current owners have redone the electrical, adding a common area panel, had the yard professionally landscaped, added a retaining wall and sprinkler system. There's even coin-op laundry in the basement used exclusively by the 3rd floor. Renting at $2800+ (unit1), $2950+ (unit2) and $2600+ (unit 3) per month, and all with leases through 8/31/20, there's $8350/month in income with low monthly expenses. Walkscore of 95, Bikescore of 96, the Davis Sq Redline T station around the corner plus all the restaurants and shops Davis Square has to offer.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 08/15/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- Year Round Access
- Stone Wall
- Landscaped Professionally
- Sprinkler System
- Garden
Flooring
- Wood
- Tile
Outdoor Features
- Patio
- Rain Gutters
- Porch
Utilities
- Natural Gas Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:25 B:B L:11
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2019
Closed on
Dec 13, 2019
Sold by
Marolima 21 West Llc
Bought by
Somerville Community Corp
Seller's Agent
Susan Condrick
Gibson Sotheby's International Realty
Buyer's Agent
The Eisnor Team
William Raveis R.E. & Home Services
List Price
$1,650,000
Sold Price
$1,590,000
Premium/Discount to List
-$60,000
-3.64%
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
-$166,333
Avg. Annual Appreciation
-1.83%
Original Mortgage
$1,615,000
Outstanding Balance
$1,423,855
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$188
Purchase Details
Closed on
Jan 11, 2017
Sold by
Legere Mark H and Legere Lisa
Bought by
Marolima 21 West Llc
Purchase Details
Closed on
May 1, 2003
Sold by
Silva Dennis S
Bought by
Legere Lisa and Legere Mark H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
5.82%
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 |
|---|---|---|---|
| Somerville Community Corp | $1,590,000 | None Available | |
| Marolima 21 West Llc | -- | -- | |
| Legere Lisa | $619,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Somerville Community Corp | $1,615,000 | |
| Previous Owner | Legere Lisa | $495,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/17/2020 01/17/20 | Sold | $1,590,000 | +0.3% | $561 / Sq Ft |
| 10/21/2019 10/21/19 | Pending | -- | -- | -- |
| 09/13/2019 09/13/19 | Price Changed | $1,585,000 | -3.9% | $559 / Sq Ft |
| 08/15/2019 08/15/19 | For Sale | $1,650,000 | -- | $582 / 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 | $9,747 | $893,360 | $607,900 | $285,460 |
| 2024 | $9,398 | $893,360 | $607,900 | $285,460 |
| 2023 | $14,800 | $1,431,300 | $607,900 | $823,400 |
| 2022 | $14,123 | $1,387,300 | $579,000 | $808,300 |
| 2021 | $12,307 | $1,207,800 | $574,800 | $633,000 |
| 2020 | $11,762 | $1,165,700 | $575,200 | $590,500 |
| 2019 | $11,108 | $1,032,300 | $523,600 | $508,700 |
| 2018 | $10,212 | $902,900 | $476,000 | $426,900 |
| 2017 | $10,069 | $862,800 | $449,000 | $413,800 |
| 2016 | $9,914 | $791,200 | $401,000 | $390,200 |
| 2015 | $9,466 | $750,700 | $370,300 | $380,400 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Condrick
-
The Eisnor Team
Buyer's Agent in 2020
The Eisnor Team
William Raveis R.E. & Home Services
(781) 775-3854
194 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72550339
APN: SOME-000025-B000000-000011
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.
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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