$1,060,000
SOLD DEC 11, 2024
5 Beds
2 Baths
1,780 Sq Ft
1,720 Sq Ft Lot

Recently Sold

$596 Per Sq Ft

1% Above List Price

30 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Corner Lot
  • Somerville High School Rated A-
  • Wood Flooring
  • 3-minute walk to Quincy Street Open Space

About This Home

As of December 2024

This well maintained 2-Family home is ideally located near Union, Inman, and Harvard Square in a quiet neighborhood. The first unit has 2 bedrooms, 1 bathroom, and 1 off street parking spot. The second unit has 3 bedrooms, 1 bathroom, and1 off street parking spot. There are two additional on street guest parking passes. The home has several upgrades including insulated windows and and a Navien boiler (2022). There is a well maintained composite deck. The home will be delivered vacant. The estimated capitalization rate is over 5.25%

Last Agent to Sell the Property

Eric Hung

Engel & Völkers Wellesley Listed on: 10/22/2024

Engel & Völkers Wellesley

Last Buyer's Agent

Mark Carey

Carey Connector

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,535

Year Built

  • Built in 1920

Lot Details

  • 1,720 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 1,780 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Living Room
  • Storage
  • Washer and Electric Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Guest Parking
  • Open Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • 2 Heating Zones
  • Baseboard Heating
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $6,150
  • Rent includes unit 1(heat gas hot water), unit 2(heat gas hot water other (see remarks))

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $73,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,535

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1920
  • Year Built Details: Actual
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Tile, Vinyl, Carpet, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Storage, Bathroom with Shower Stall, Other, Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Other
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Dryer Hookup, Electric Dryer Hookup
  • Basement: Full, Concrete, Unfinished
  • Living Area: 1780
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN3335
  • LIST PRICE PER Sq Ft: 589.33
  • PRICE PER Sq Ft: 595.51
  • MAIN SO: AN6491

Exterior Features

  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Composite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Tandem, Guest, Other
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric, Other
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Heat,Gas,Hot Water), Unit 2(Heat,Gas,Hot Water,Other (See Remarks))
  • Senior Community YN: No

Lot Info

  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Sq Ft: 1720
  • Lot Size Units: Acres
  • PAGE: 107
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7535
  • Tax Book Number: 66520

Multi Family

  • Gross Income: 73800
  • Net Operating Income: 73800
  • Number Of Units Total: 2
  • Total Actual Rent: 6150
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Dec 3, 2024
Sold by
Teixeira Mildred F Est and Teixiera
Bought by
Zhang Eric and Peng Qi
Seller's Agent
Eric Hung
Engel & Völkers Wellesley
Buyer's Agent
Mark Carey
Carey Connector
List Price
$1,049,000
Sold Price
$1,060,000
Premium/Discount to List
$11,000
1.05%
Views
22
Current Estimated Value
$1,090,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,868
Avg. Annual Appreciation
4.38%

Purchase Details

Closed on
Dec 14, 2015
Sold by
Milltex Rt and Teixeira
Bought by
Teixeira Mildred F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$909,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Fiduciary Deed $1,060,000 None Available
Fiduciary Deed $1,060,000 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $909,000 Adjustable Rate Mortgage/ARM
Previous Owner $25,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $1,060,000 +1.0% $596 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $1,049,000 0.0% $589 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $1,049,000 -- $589 / 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 $7,973 $730,800 $455,000 $275,800
2024 $7,535 $716,300 $455,000 $261,300
2023 $7,362 $712,000 $455,000 $257,000
2022 $6,805 $668,500 $433,300 $235,200
2021 $6,469 $634,800 $412,700 $222,100
2020 $6,201 $614,600 $396,800 $217,800
2019 $5,666 $526,600 $345,100 $181,500
2018 $5,403 $477,700 $313,700 $164,000
2017 $5,204 $445,900 $295,900 $150,000
2016 $4,697 $374,900 $216,500 $158,400
2015 $4,677 $370,900 $215,300 $155,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73304979

MLS Property Information Network (MLS PIN)

APN: SOME-000052-D000000-000020