NOT LISTED FOR SALE
7 Beds
6 Baths
3,469 Sq Ft
3,670 Sq Ft Lot

Last Sold October 11, 2024

Last sale price $1,620,000 $467 Per Sq Ft

44 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Tennis Courts
  • Somerville High School Rated A-
  • Wood Flooring
  • 4-minute walk to Marshall Street Playground

About This Home

As of October 2024

5-family investment opportunity in the heart of Winter Hill! 25-27 Temple St. is positioned in a transit-oriented pocket of Somerville, directly adjacent to the impending infill development on 299 Broadway (featuring 288 residential units, a pedestrian path and new public park). Just south of I-93 and 0.5 miles north of the Gilman Sq. T Stop (Green Line), the building offers five (5) residential units with very flexible floorplans, as well as an in-law suite and additional square footage on the ground level. Gas and electricity are separately metered for each unit, common laundry is located in the basement, and three (3) parking spaces are apportioned in the driveway along the right-hand-side of the property. Listed at a cumulative sum of just $350,000 per unit, end-users can harness an existing rent roll in an appreciating sector of the city, with the ability to augment unit configurations and heighten return over time.

Last Agent to Sell the Property

Joe Danisch

Coelho Realty Group LLC Listed on: 05/27/2024

Last Buyer's Agent

Dan Li

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,169

Year Built

  • Built in 1900

Lot Details

  • 3,670 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,469 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Separate Meters
  • 200+ Amp Service

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $8,550
  • Assessor Parcel Number 757656

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $100,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,169

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Partially Finished, Walk-Out Access
  • Living Area: 3469
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN4865
  • MAIN SO: BB5522

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Patio - Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service, Individually Metered
  • Water Source: Public
  • HEAT UNITS: 5
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 757656
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3670
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 13169

Multi Family

  • Net Operating Income: 100200
  • Number Of Units Total: 5
  • Total Actual Rent: 8550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2024 10/11/24 Sold $1,620,000 -7.4% $467 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $1,750,000 -- $504 / 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 $13,969 $1,280,400 $345,500 $934,900
2024 $13,169 $1,251,800 $345,500 $906,300
2023 $12,722 $1,230,400 $345,500 $884,900
2022 $12,141 $1,192,600 $329,100 $863,500
2021 $11,556 $1,134,100 $313,400 $820,700
2020 $10,781 $1,068,500 $301,400 $767,100
2019 $11,073 $1,029,100 $262,000 $767,100
2018 $10,040 $887,700 $238,300 $649,400
2017 $9,494 $813,500 $224,800 $588,700
2016 $8,770 $699,900 $182,500 $517,400
2015 $8,587 $681,000 $181,500 $499,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73242793

MLS Property Information Network (MLS PIN)