22 Granite St Somerville, MA 02143
Spring Hill Neighborhood
6
Beds
3
Baths
2,850
Sq Ft
2,920
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- Tandem Parking
- Somerville High School Rated A-
- Jogging Path
- 4-minute walk to Quincy Street Open Space
About This Home
As of May 2023Amazing investment property in great location-- Great for the owner occupant or savvy investor. This 3 unit building is just .5 miles from near the new Gilman Sq green line, .6 miles to Union Sq, and about a mile to Harvard and Porter. Restaurants, shops, universities and public transit are all a stone's throw away.Each unit is 4 rooms, 2 beds and 1 bath. They have hardwood floors, have recent renovations, in-unit laundry & lots of light. Owner's unit is on first floor. Second floor just moved out in March and will be delivered vacant. The third floor is rented through 8/31/2023 at 2800/month. There's a 3 car tandem driveway, garden area and patio. Updates include: roof 2012, Unit 1 heater and tankless hot water installed in 2015, complete unit remodeled in 2017. Unit 2 water heater is 2015, heating system older, and kitchen was remodeled in 2022. Unit 3 water heater is 2015, kitchen and bath remodeled in 2018. Exterior painted in 2015. Possibility of finishing the basement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,775
Year Built
- Built in 1900
Lot Details
- 2,920 Sq Ft Lot
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 2,850 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Tandem Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- 3 Heating Zones
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $2,800
- Assessor Parcel Number 755521
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Net Operating Income $33,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2019
Sold by
Smith Adam and Smith Sara
Bought by
Smith Sara
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 14, 2016
Closed on
Aug 12, 2016
Sold by
Yankovich Masha and Shaw Thomas
Bought by
Smith Adam and Smith Sara
Seller's Agent
Patricia Ng
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Jessica Cohen
Gibson Sotheby's International Realty
List Price
$1,200,000
Sold Price
$1,080,000
Premium/Discount to List
-$120,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$756,000
Interest Rate
3.48%
Mortgage Type
Unknown
Similar Homes in Somerville, MA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Not Resolvable | $1,080,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Commercial | |
| Closed | $1,350,000 | Purchase Money Mortgage | |
| Closed | $572,134 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $560,000 | New Conventional | |
| Previous Owner | $756,000 | Unknown | |
| Previous Owner | $195,200 | No Value Available | |
| Previous Owner | $40,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | $1,500,000 | -3.2% | $526 / Sq Ft |
| 04/05/2023 04/05/23 | Pending | -- | -- | -- |
| 04/04/2023 04/04/23 | For Sale | $1,550,000 | 0.0% | $544 / Sq Ft |
| 03/26/2023 03/26/23 | Pending | -- | -- | -- |
| 03/14/2023 03/14/23 | For Sale | $1,550,000 | 0.0% | $544 / Sq Ft |
| 04/02/2018 04/02/18 | Rented | $2,200 | 0.0% | -- |
| 03/20/2018 03/20/18 | Under Contract | -- | -- | -- |
| 01/09/2018 01/09/18 | For Rent | $2,200 | 0.0% | -- |
| 08/12/2016 08/12/16 | Sold | $1,080,000 | -10.0% | $379 / Sq Ft |
| 06/30/2016 06/30/16 | Pending | -- | -- | -- |
| 06/14/2016 06/14/16 | For Sale | $1,200,000 | -- | $421 / 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 | $16,490 | $1,511,500 | $553,300 | $958,200 |
| 2024 | $16,423 | $1,561,100 | $553,300 | $1,007,800 |
| 2023 | $16,023 | $1,549,600 | $553,300 | $996,300 |
| 2022 | $15,312 | $1,504,100 | $527,000 | $977,100 |
| 2021 | $14,718 | $1,444,400 | $501,900 | $942,500 |
| 2020 | $14,379 | $1,425,100 | $482,600 | $942,500 |
| 2019 | $13,417 | $1,246,900 | $419,700 | $827,200 |
| 2018 | $11,078 | $979,500 | $381,500 | $598,000 |
| 2017 | $9,872 | $845,900 | $359,900 | $486,000 |
| 2016 | $8,574 | $684,300 | $263,300 | $421,000 |
| 2015 | $8,203 | $650,500 | $261,900 | $388,600 |
Source: Public Records
Agents Affiliated with this Home
-
Katherine Malin
Seller's Agent in 2023
Katherine Malin
Compass
(781) 799-5981
3 in this area
46 Total Sales
-
Lior Rozhansky
Buyer's Agent in 2023
Lior Rozhansky
Keller Williams Realty Evolution
(978) 821-4023
1 in this area
45 Total Sales
-
Jasmin Lucci
Seller's Agent in 2018
Jasmin Lucci
Berkshire Hathaway HomeServices Commonwealth Real Estate
(323) 640-2075
12 Total Sales
-
A
Buyer's Agent in 2018
Alejandro Colon
Keller Williams Realty Boston-Metro | Back Bay
-
Patricia Ng
Seller's Agent in 2016
Patricia Ng
Berkshire Hathaway HomeServices Commonwealth Real Estate
(617) 818-5736
-
Jessica Cohen
Buyer's Agent in 2016
Jessica Cohen
Gibson Sothebys International Realty
(617) 575-9537
2 in this area
66 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73087287
APN: SOME-000052-F000000-000004
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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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