NOT LISTED FOR SALE

248 Spring St Medford, MA 02155

Glenwood Neighborhood

Estimated Value: $1,021,000 - $1,187,000

5 Beds
3 Baths
2,851 Sq Ft
$381/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $856,000 $300 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,411/month

80 Days on Market

About This Home

As of December 2021

BOM - vacant and easy to show! After 40 years of good stewardship, this two-family home presents a fabulous opportunity for investors & owner occupants alike. Each unit has a large eat-in kitchen, good-sized living & dining rooms, hardwood floors, high ceilings, washer/dryer hook-ups and all separate utilities. The 2nd floor unit spans 2 stories & offers 2 bdrms, den/office space & full bath on one level. The 3rd floor features private 1 bedroom, living room, full bath & more for au pair or multi-generational living arrangement. Basement offers walk-out access to the fully fenced rear yard w/patio & small planting beds. Two off-street parking spaces. With a walk score of 78, you can easily access bus transportation, shopping & restaurants. Just a quick jaunt to Rt 93, Stations Landing, Assembly Row and other major roadways.

Last Agent to Sell the Property

Michele Goodwin

Leading Edge Real Estate Listed on: 08/20/2021

Leading Edge Real Estate

Last Buyer's Agent

Reva Capital Realty

Reva Capital Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 3,049

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Fellsway to Salem to Spring
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 2(Range,Dishwasher,Disposal,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Has Basement: Full, Partially Finished, Walk-Out Access
  • MAIN LO: AN4643
  • MAIN SO: AN3315
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Wood,Tile,Vinyl,Carpet, Unit 1(undefined), Unit 2(Tile Floor,Wood Flooring,Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den,Other (See Remarks))
  • Stories: 3
  • Window Features: Storm Window(s)

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Please See Seller's Disclosure Statement. Owner Has Not Lived In Property For Many Years. Property Being Sold In As Is Condition.
  • Exclusions: See Inclusion/Exclusion Sheet In Infopak
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Features: Level
  • Patio And Porch Features: Patio
  • Pool Features: Above Ground
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating: Unit 1(Central Heat,Hot Water Baseboard,Gas), Unit 2(Central Heat,Hot Water Baseboard,Gas)
  • SEWAGE DISTRICT: MWRA
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Annual Water Sewer Expense: 3300

Lot Info

  • LOT SIZE: 3200
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3049.2
  • Zoning: GR

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Insurance Expense: 2400
  • Number Of Units Total: 2
  • Annual Operating Expense: 5700

Tax Info

  • Tax Annual Amount: 6652.87
  • Tax Book Number: 14294
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Dec 10, 2021
Sold by
Magaletta Savino and Magaletta Josephine M
Bought by
Renuka Someshwara and Honnisiddaiah Chethana
Seller's Agent
Michele Goodwin
Leading Edge Real Estate
Buyer's Agent
Reva Capital Realty
Reva Capital Realty
Sold Price
$856,000
Current Estimated Value
$1,086,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,634
Avg. Annual Appreciation
6.16%
Original Mortgage
$642,000
Outstanding Balance
$590,708
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$495,926

Purchase Details

Closed on
May 20, 1981
Bought by
Magaletta Savino and Colozzo Josephine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Renuka Someshwara $856,000 None Available
Magaletta Savino -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renuka Someshwara $642,000
Previous Owner Magaletta Savino $258,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $856,000 0.0% $300 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
11/03/2021 11/03/21 For Sale -- -- --
09/14/2021 09/14/21 Off Market $856,000 -- --
09/06/2021 09/06/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $849,900 -- $298 / 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 $8,341 $947,800 $311,500 $636,300
2024 $7,177 $842,400 $296,700 $545,700
2023 $7,036 $813,400 $277,300 $536,100
2022 $7,102 $788,200 $252,100 $536,100
2021 $6,653 $707,000 $240,100 $466,900
2020 $6,561 $714,700 $240,100 $474,600
2019 $6,244 $650,400 $218,300 $432,100
2018 $5,926 $578,700 $198,400 $380,300
2017 $5,549 $525,500 $185,500 $340,000
2016 $5,411 $483,600 $168,600 $315,000
2015 $5,093 $435,300 $160,600 $274,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michele Goodwin

    Leading Edge Real Estate

    (781) 775-6009

    1 in this area

    24 Total Sales

    Michele Goodwin
    Section Image
  • Reva Capital Realty

    Buyer's Agent in 2021

    Reva Capital Realty

    Reva Capital Realty

    1 in this area

    20 Total Sales

    Reva Capital Realty
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72884380

MLS Property Information Network (MLS PIN)

APN: MEDF-000013-000000-K000094

Massachusetts Middlesex County Medford 02155 Glenwood

248 Spring St, Medford, MA

Not Listed for Sale

MultiFamily

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.

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.

Nearby Homes