Seller's Agent in 2024
Eric Hung
Engel & Völkers Wellesley
(617) 999-6368
1 in this area
20 Total Sales
27 Knapp St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,028,000 - $1,112,000
5
Beds
2
Baths
1,780
Sq Ft
$605/Sq Ft
Est. Value
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 2024This 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%
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,420
Avg. Annual Appreciation
1.64%
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
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhang Eric | $1,060,000 | None Available | |
| Zhang Eric | $1,060,000 | None Available | |
| Teixeira Mildred F | -- | -- | |
| Teixeira Mildred F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Teixeira Mildred F | $909,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Eric Hung
-
Mark Carey
Buyer's Agent in 2024
Mark Carey
Carey Connector
(617) 744-9468
1 in this area
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73304979
APN: SOME-000052-D000000-000020
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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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