NOT LISTED FOR SALE

22 Fountain Ave Somerville, MA 02145

East Somerville Neighborhood

Estimated Value: $1,134,000 - $1,696,000

4 Beds
2 Baths
1,456 Sq Ft
$945/Sq Ft Est. Value

Last Sold April 25, 2018

Last sale price $720,000 $495 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $8,176/month

13 Days on Market

About This Home

As of April 2018

Great opportunity for investors, Developers, Etc. Conveniently Located, Quiet neighborhood, Next to downtown, schools, parks, pharmacy, supermarket, and easy access to 93. Don't miss this opportunity.

Last Agent to Sell the Property

Benilton Silva

Benny's Realty Group Listed on: 02/09/2018

Last Buyer's Agent

Benilton Silva

Benny's Realty Group Listed on: 02/09/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,780

Year Built

  • Built in 1890

Lot Details

  • 3,049

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,780

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 583.79
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 8
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN2062
  • Main So: AN2062
  • Estimated Sq Ft: 1456.00

Exterior Features

  • Roof Material: Asphalt/Fiberglass Shingles
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 60 Amps/Less

Condo/Co-op/Association

  • Amenities: Public Transportation, Park, Highway Access, House of Worship, Public School

Lot Info

  • Assessments: 375100.00
  • Acre: 0.07
  • Lot Size: 3200.00
  • Page: 81
  • Zoning: Res
  • Lot Description: Fenced/Enclosed

Multi Family

  • Total Levels: 2
  • Total Rms: 8
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Side by Side

Tax Info

  • Taxes: 4287.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2021
Sold by
Fountain Ave 22-24 Dev
Bought by
Fourteen Ave Group Llc
Current Estimated Value
$1,302,496

Purchase Details

Closed on
Jul 19, 2019
Sold by
Fortress Real Estae Hldgs
Bought by
Fountain Avenue 22-24 Dev

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,520,000
Interest Rate
3.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Feb 9, 2018
Closed on
Apr 25, 2018
Sold by
Bbc Services Inc
Bought by
Fortress Real Estate H
Seller's Agent
Benilton Silva
Benny's Realty Group
Buyer's Agent
Benilton Silva
Benny's Realty Group
List Price
$850,000
Sold Price
$720,000
Premium/Discount to List
-$130,000
-15.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.67%
Original Mortgage
$1,345,000
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 14, 2017
Closed on
Sep 6, 2017
Sold by
Megna Ft
Bought by
Megna Ft
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Laurie Crane
Gibson Sotheby's International Realty
List Price
$369,000
Sold Price
$575,000
Premium/Discount to List
$206,000
55.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.90%
Original Mortgage
$431,250
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fourteen Ave Group Llc -- None Available
Fountain Avenue 22-24 Dev -- --
Fortress Real Estate H $720,000 --
Megna Ft $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fountain Ave Group Llc $270,000
Open Fountain Ave Group Llc $2,070,000
Previous Owner Fountain Avenue 22-24 Dev $1,520,000
Previous Owner Fortress Real Estate H $1,345,000
Previous Owner Megna Ft $431,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2018 04/25/18 Sold $720,000 -15.3% $495 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $850,000 +47.8% $584 / Sq Ft
09/06/2017 09/06/17 Sold $575,000 +44.5% $395 / Sq Ft
06/22/2017 06/22/17 Pending -- -- --
06/15/2017 06/15/17 Price Changed $398,000 +7.9% $273 / Sq Ft
06/14/2017 06/14/17 For Sale $369,000 -- $253 / 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 $11,780 $1,079,700 $384,500 $695,200
2024 $11,228 $1,067,300 $384,500 $682,800
2023 $8,035 $777,100 $384,500 $392,600
2022 $6,717 $659,800 $366,100 $293,700
2021 $3,681 $361,200 $361,200 $0
2020 $4,140 $410,300 $347,300 $63,000
2019 $3,742 $347,800 $288,100 $59,700
2018 $4,288 $379,100 $230,400 $148,700
2017 $4,188 $358,900 $217,300 $141,600
2016 $3,611 $288,200 $152,700 $135,500
2015 $3,585 $284,300 $151,800 $132,500
Source: Public Records

Agents Affiliated with this Home

  • Benilton Silva

    Seller's Agent in 2018

    Benilton Silva

    Benny's Realty Group

    (617) 817-1024

    50 Total Sales

    Section Image
  • Lisa Drapkin

    Seller's Agent in 2017

    Lisa Drapkin

    Compass

    (617) 930-1288

    31 Total Sales

    Section Image

  • L

    Buyer's Agent in 2017

    Laurie Crane

    Gibson Sothebys International Realty

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72279643

MLS Property Information Network (MLS PIN)

APN: SOME-000092-F000000-000021

Massachusetts Middlesex County Somerville 02145 East Somerville

22 Fountain Ave, Somerville, MA

This home is located at 22 Fountain Ave, Somerville, MA 02145 since 09 February 2018 and is currently estimated at $1,375,568, approximately $944 per square foot. This property was built in 1890. 22 Fountain Ave is a home located in Middlesex County with nearby schools including Somerville High School, Prospect Hill Academy Upper Elementary Campus, and Bright Future Educare Center.

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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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