NOT LISTED FOR SALE

240 School St Somerville, MA 02145

Winter Hill Neighborhood

Estimated Value: $1,440,000 - $1,713,000

8 Beds
4 Baths
4,256 Sq Ft
$379/Sq Ft Est. Value

Last Sold June 08, 2012

Last sale price $708,000 $166 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $9,769/month

26 Days on Market

About This Home

As of June 2012

Very Well Maintained Owner Occupied 3 Family on WinterHill. Great investment rental income potential of $5,000+ Mth. $60,000 yr income, 11k yr expenses=$49k yr Net Income! Features a finished basement with full kitchen & bath, & 5 car driveway. Unit #1 owner occupied, potential rent $2100 Mth. Unit #2 is a remodeled 3 Bedrm, currently rented out as a 2 bedrm at $1600Mth. Unit #3 has great tenants,here 8 years now so the rent has stayed $1000 but market value is $1400. Great Return on Investment!

Last Agent to Sell the Property

Jeff Romano

Romano Real Estate Listed on: 04/13/2012

Last Buyer's Agent

B. J. Ray

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Easements
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 1910

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 16
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, University
  • Electric: 220 Volts, Circuit Breakers
  • Flooring: Tile, Hardwood
  • Basement: Full, Partially Finished, Interior Access

Exterior Features

  • Roof: Slate
  • Construction: Frame
  • Exterior: Wood
  • Exterior Features: Porch - Enclosed, Fruit Trees, Garden Area
  • Foundation: Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Paved Driveway, Other (See Remarks)
  • Parking Spaces: 5

Utilities

  • Utility Connections: for Gas Range

Lot Info

  • Assessor Parcel Number: 59-B-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2021
Sold by
Marquis Andrew L and Marquis Iris D
Bought by
S & L Real Estate Llc
Current Estimated Value
$1,612,845

Purchase Details

Listed on
Apr 13, 2012
Closed on
Jun 11, 2012
Sold by
Scandone Amalio and Scandone Maria
Bought by
Marquis Andrew L
Seller's Agent
Jeff Romano
Romano Real Estate
Buyer's Agent
B. J. Ray
Gibson Sotheby's International Realty
List Price
$780,000
Sold Price
$708,000
Premium/Discount to List
-$72,000
-9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$531,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2010
Sold by
Scandone Ft and Scandone John
Bought by
John Scandone Ft and Giovanni Scandone Ft
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
S & L Real Estate Llc -- None Available
Marquis Andrew L $708,000 --
John Scandone Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquis Andrew L $531,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $708,000 -9.2% $166 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
04/13/2012 04/13/12 For Sale $780,000 -- $183 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $16,733 $1,533,700 $440,800 $1,092,900
2024 $15,635 $1,486,200 $440,800 $1,045,400
2023 $15,779 $1,526,000 $440,800 $1,085,200
2022 $15,119 $1,485,200 $419,900 $1,065,300
2021 $13,868 $1,360,900 $399,900 $961,000
2020 $12,923 $1,280,800 $384,500 $896,300
2019 $11,820 $1,098,500 $326,400 $772,100
2018 $10,888 $962,700 $314,800 $647,900
2017 $10,755 $921,600 $293,600 $628,000
2016 $10,605 $846,400 $253,900 $592,500
2015 $10,137 $803,900 $226,300 $577,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jeff Romano

    Romano Real Estate

    (617) 828-2582

    3 Total Sales

    Jeff Romano
    Section Image

  • B

    Buyer's Agent in 2012

    B. J. Ray

    Gibson Sotheby's International Realty

    (617) 224-8980

    27 Total Sales

    B. J. Ray
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71366839

MLS Property Information Network (MLS PIN)

APN: SOME-000059-B000000-000008

Massachusetts Middlesex County Somerville 02145 Winter Hill

240 School St, Somerville, MA

Not Listed for Sale

MultiFamily

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