NOT LISTED FOR SALE

Estimated Value: $1,504,038 - $1,729,000

9 Beds
4 Baths
3,184 Sq Ft
$504/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $1,430,000 $449 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,942/month

173 Days on Market

Highlights

  • Property is near public transit
  • Jogging Path
  • Patio
  • Somerville High School Rated A-
  • Porch
  • Park

About This Home

As of February 2024

Introducing this remarkable Multi-Family lovingly cared for by the same family for 26 years. This property is nestled in the heart of Somerville, located just minutes away from Union Square Train Station, Interstate 93, McGrath Hwy, target, supermarkets, restaurants and so much more. This prime location offers unparalleled convenience and endless possibilities. One of the standout features of this gem is it's ample parking spaces with a paved private driveway, private fenced in yard providing you or your future tenants with a serene oasis right outside their doorstep. This property presents an extraordinary opportunity to experience or invest in the very best of Somerville living. Don't miss out on this chance to make this property your new home or to add to your portfolio.

Last Agent to Sell the Property

Gilda Rosario-Rivera

Lamacchia Realty, Inc. Listed on: 06/21/2023

Lamacchia Realty, Inc.

Last Buyer's Agent

Juan Gao

Charles River Properties, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,578

Year Built

  • Built in 1906

Lot Details

  • 2,769 Sq Ft Lot
  • Fenced

Home Design

  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,184 Sq Ft Home
  • Family Room

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Satellite Dish

Listing and Financial Details

  • Total Actual Rent $2,000
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:95 B:A L:13,760572

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Water Sewer Expense $6,000
  • Operating Expense $6,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,578

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1906
  • Buyer Agency: 2.25
  • Transaction Broker: 2.25
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Tile,Vinyl,Varies Per Unit
  • Interior Amenities: Family Room, Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 3(Pantry,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Kitchen,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 3(Range,Refrigerator), Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup, Unit 2 Laundry Room
  • Basement: Full, Partially Finished, Sump Pump
  • Living Area: 3184
  • Other Equipment: Satellite Dish
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN2314
  • LIST PRICE PER Sq Ft: 533.92
  • PRICE PER Sq Ft: 449.12
  • MAIN SO: AN4411

Exterior Features

  • Exterior Features: Porch,Patio,Storage Shed,Satellite Dish,Fruit Trees
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Natural Gas, Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Parcel Number: M:95 B:A L:13,760572
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2769
  • Lot Size Units: Acres
  • PAGE: 372
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12578
  • Tax Book Number: 27131

Multi Family

  • Gross Income: 24000
  • Net Operating Income: 18000
  • Number Of Units Total: 3
  • Operating Expense: 6000
  • Total Actual Rent: 2000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zhang Lei $1,067,000
Closed Zhang Lei $1,072,500
Closed Lopez Lidia $455,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $1,430,000 -15.9% $449 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
10/20/2023 10/20/23 Price Changed $1,700,000 -5.6% $534 / Sq Ft
09/05/2023 09/05/23 Price Changed $1,800,000 -2.5% $565 / Sq Ft
08/19/2023 08/19/23 Price Changed $1,846,000 -2.6% $580 / Sq Ft
08/02/2023 08/02/23 Price Changed $1,896,000 -5.0% $595 / Sq Ft
06/21/2023 06/21/23 For Sale $1,996,000 -- $627 / 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 $13,688 $1,254,600 $556,200 $698,400
2024 $12,878 $1,224,100 $556,200 $667,900
2023 $12,578 $1,216,400 $556,200 $660,200
2022 $11,985 $1,177,300 $529,800 $647,500
2021 $11,507 $1,129,200 $504,600 $624,600
2020 $11,198 $1,109,800 $485,200 $624,600
2019 $10,701 $994,500 $412,000 $582,500
2018 $9,082 $803,000 $374,500 $428,500
2017 $8,707 $746,100 $339,200 $406,900
2016 $8,599 $686,300 $333,400 $352,900
2015 $7,988 $633,500 $307,600 $325,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73127906

MLS Property Information Network (MLS PIN)

APN: SOME-000095-A000000-000013