Seller's Agent in 2020
John Pentore
Horvath & Tremblay
(781) 484-8166
46 Total Sales
23 Cottage Ave Somerville, MA 02144
Davis Square NeighborhoodEstimated Value: $2,414,000 - $4,019,034
13
Beds
7
Baths
4,627
Sq Ft
$674/Sq Ft
Est. Value
Highlights
- Porch
- 4-minute walk to Davis Station
- 3-minute walk to Kenney Park
- Somerville High School Rated A-
About This Home
As of January 2020Situated in the heart of Davis Square, 23 Cottage Avenue is a stabilized (5.25% cap rate on current income), 2.5-story, Victorian-style, multi-family investment property that recently underwent an extensive renovation. The Property contains three, direct entry units made up of a 3-Bedroom/2-Bathroom duplex unit, a 4-Bedroom/2-Bathroom tri-plex unit and a 6 Bedroom/3-Bathroom, tri-plex unit. The Property also contains off-street parking and a two-car garage that can accommodate 6-tandem spaces. The completely renovated Property features all new roof, new, hardie-plank siding, new and refinished flooring, new kitchens featuring granite counter tops, new bathrooms, new boilers and hot water tanks, electrical and plumbing upgrades, a rebuilt porch, replacement windows, paint and landscaping. FIRST DAY OF TOURS THIS THURSDAY, 10/10.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,412
Year Built
- Built in 1920
Lot Details
- 4,792
Parking
- 2 Car Garage
Additional Features
- Porch
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number 5004
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | 23 Cottage Llc | $1,500,000 | |
| Closed | 23 Cottage Ave Llc | $1,584,000 | |
| Closed | 23 Cottage Ave Llc | $1,100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2020 01/15/20 | Sold | $2,600,000 | -1.9% | $562 / Sq Ft |
| 11/21/2019 11/21/19 | Pending | -- | -- | -- |
| 11/06/2019 11/06/19 | Price Changed | $2,650,000 | -1.9% | $573 / Sq Ft |
| 10/03/2019 10/03/19 | For Sale | $2,700,000 | -- | $584 / 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 | $27,412 | $2,512,600 | $918,200 | $1,594,400 |
| 2024 | $25,707 | $2,443,600 | $918,200 | $1,525,400 |
| 2023 | $25,124 | $2,429,800 | $918,200 | $1,511,600 |
| 2022 | $24,010 | $2,358,500 | $874,500 | $1,484,000 |
| 2021 | $19,151 | $1,879,400 | $868,200 | $1,011,200 |
| 2020 | $17,702 | $1,754,400 | $810,800 | $943,600 |
| 2019 | $17,264 | $1,604,500 | $790,700 | $813,800 |
| 2018 | $15,866 | $1,402,800 | $718,900 | $683,900 |
| 2017 | $14,010 | $1,200,500 | $678,200 | $522,300 |
| 2016 | $13,529 | $1,079,700 | $605,700 | $474,000 |
| 2015 | $12,882 | $1,021,600 | $559,400 | $462,200 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
-
Dennis Kelleher
Seller Co-Listing Agent in 2020
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
57 Total Sales
-
Siyin Qu
Buyer's Agent in 2020
Siyin Qu
eXp Realty
(888) 854-7493
36 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72574496
APN: SOME-000026-A000000-000006
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