Wei Wang
WW Real Estate LLC
(351) 666-8861
77 Total Sales
1 in Prospect Hill
$925,000 Price
250 Somerville Ave Somerville, MA 02143
Prospect Hill Neighborhood
24
Beds
12
Baths
13,543
Sq Ft
0.28
Acre Lot
Highlights
- Medical Services
- 0.28 Acre Lot
- Wood Flooring
- City View
- Property is near public transit and schools
- Jogging Path
About This Home
As of September 2024Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
Co-Listed By
Moises Morin-Martinez
Senne
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,178
Year Built
- Built in 1910
Lot Details
- 0.28
Home Design
- Brick Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 13,543 Sq Ft Home
- Property has 1 Level
- Wood Flooring
- City Views
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 24 Bedrooms
- 12 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
- Assigned Parking
Additional Features
- 12,194 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $5,150
Community Details
Overview
- 12 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $65,000
- Net Operating Income $520,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
Sep 11, 2024
Sold by
Bought by
Seller's Agent
William Senne
Senne
Buyer's Agent
Yan Rong
United Real Estate, LLC
List Price
$8,400,000
Sold Price
$7,545,000
Premium/Discount to List
-$855,000
-10.18%
Views
38
Purchase Details
Closed on
Sep 4, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,650,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 26, 2009
Sold by
Bought by
Purchase Details
Closed on
Jan 6, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Prospect Hill, MA
-
Wei Wang
-
Michelle Doyle
Michelle Doyle
Flow Realty, Inc.
(978) 690-4362
51 Total Sales
2 in Prospect Hill
$730K - $895K Price Range
-
Minka vanBeuzekom
Minka vanBeuzekom
Coldwell Banker Realty - Cambridge
(617) 657-2667
56 Total Sales
2 in Prospect Hill
$849K - $1.2M Price Range
-
Tracey Cleversey
Tracey Cleversey
Hive Property Group
(339) 444-2143
53 Total Sales
1 in Prospect Hill
$765,000 Price
-
The Annette Given Team
The Annette Given Team
The Charles Realty
(339) 666-4063
59 Total Sales
1 in Prospect Hill
$879,000 Price
-
Bobbie Botticelli
Bobbie Botticelli
Colonial Manor Realty
(781) 512-7856
70 Total Sales
1 in Prospect Hill
$1,300,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $7,545,000 | None Available | ||
| -- | -- | ||
| $4,365,000 | -- | ||
| $2,996,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $1,800,000 | ||
| Previous Owner | $4,650,000 | ||
| Closed | $1,000,000 | ||
| Previous Owner | $3,632,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2024 09/16/24 | Sold | $7,545,000 | -5.6% | $557 / Sq Ft |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | Price Changed | $7,995,000 | -4.8% | $590 / Sq Ft |
| 07/22/2024 07/22/24 | For Sale | $8,400,000 | +11.3% | $620 / Sq Ft |
| 07/01/2024 07/01/24 | Off Market | $7,545,000 | -- | -- |
| 06/19/2024 06/19/24 | For Sale | $8,400,000 | 0.0% | $620 / Sq Ft |
| 06/03/2024 06/03/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | Price Changed | $8,400,000 | 0.0% | $620 / Sq Ft |
| 05/16/2024 05/16/24 | For Sale | $8,400,000 | -5.5% | $620 / Sq Ft |
| 04/30/2024 04/30/24 | Pending | -- | -- | -- |
| 04/10/2024 04/10/24 | For Sale | $8,888,000 | 0.0% | $656 / Sq Ft |
| 04/01/2015 04/01/15 | Rented | $2,250 | 0.0% | -- |
| 04/01/2015 04/01/15 | For Rent | $2,250 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $38,556 | $3,534,000 | $737,900 | $2,796,100 |
| 2024 | $37,178 | $3,534,000 | $737,900 | $2,796,100 |
| 2023 | $36,533 | $3,533,200 | $737,900 | $2,795,300 |
| 2022 | $33,494 | $3,290,200 | $737,900 | $2,552,300 |
| 2021 | $27,516 | $2,700,300 | $737,900 | $1,962,400 |
| 2020 | $26,046 | $2,581,400 | $737,900 | $1,843,500 |
| 2019 | $23,936 | $2,224,500 | $737,900 | $1,486,600 |
| 2018 | $22,739 | $2,010,500 | $737,900 | $1,272,600 |
| 2017 | $22,003 | $1,885,400 | $696,000 | $1,189,400 |
| 2016 | $20,787 | $1,659,000 | $659,900 | $999,100 |
| 2015 | $20,920 | $1,659,000 | $659,900 | $999,100 |
Source: Public Records
Agents Affiliated with this Home
-
William Senne
Seller's Agent in 2024
William Senne
Senne
(617) 775-4655
2 in this area
112 Total Sales
-
M
Seller Co-Listing Agent in 2024
Moises Morin-Martinez
Senne
-
Yan Rong
Y
Buyer's Agent in 2024
Yan Rong
United Real Estate, LLC
(855) 290-5612
1 in this area
1 Total Sale
-
L
Seller's Agent in 2015
Lindsay Guest
Point Plus
-
P
Buyer's Agent in 2015
Patrick Pilette
Point Plus
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73222468
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.
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.
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