NOT LISTED FOR SALE

275 Summer St Somerville, MA 02144

Spring Hill Neighborhood

Estimated Value: $1,317,000 - $2,400,152

12 Beds
3 Baths
3,741 Sq Ft
$541/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $1,735,000 $464 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $12,065/month

2 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Porch
  • Somerville High School Rated A-
  • Fenced Yard
  • Garden

About This Home

As of December 2020

CASH COW $113600 GROSS INCOME WITH A VACANCY FOR LAST 4 MONTHS OF 2020. CLASSIC TRIPLE DECKER 1 BLOCK TO PORTER SQ, RED LINE, AND SHOPPING CENTER. ALL THE NICE FEATURES INCLUDING BAY WINDOWS, OAK FLOORS, BUILT IN DINING ROOM HUTCHES, EAT IN KITCHENS W/WALK IN PANTRIES, FRONT AND REAR PORCHES OVERLOOKING YARD, UPDATED SYSTEMS, RUBBER ROOF ABOUT 17 YEARS OLD, COMMON LAUNDRY IN BASEMENT, UNIT 1 LEASED TO 8/31/21 AND UNIT 3 LEASED TO 7/31/21. UNIT TWO WAS PAYING $3100 UNTIL 8/31/20 WHEN THEY VACATED . A CAP RATE OF 5% PUTS THIS PROPERTY AT 1.9M AND A CAP RATE OF 5.5% PUTS IT AT $1,733,345

Last Agent to Sell the Property

Gary Vrotsos

Coldwell Banker Realty - Cambridge Listed on: 11/12/2020

Coldwell Banker Realty - Cambridge

Co-Listed By

Gary S. Vrotsos

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

Jack Yang

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,376

Year Built

  • Built in 1910

Lot Details

  • Year Round Access
  • Fenced Yard
  • Garden

Interior Spaces

  • Window Screens
  • Wood Flooring
  • City Views
  • Basement

Additional Features

  • Porch
  • Natural Gas Water Heater

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,376

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Insc: 3196
  • Year Built Description: Actual
  • List Price Per Sq Ft: 441.06
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1910
  • Lead Paint: Unknown
  • Year Round: Yes
  • Ife Common: Balcony/Deck
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Flooring: Wood
  • Total Flrs: 6
  • No Bedrooms: 12
  • Total Brs: 12
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Main Lo: AN6181
  • Main So: AN6181
  • Estimated Sq Ft: 3741.00

Exterior Features

  • Construction: Frame
  • Exterior: Shingles
  • Exterior Features: Porch, Screens, Fenced Yard, City View(s), Garden Area
  • Foundation: Brick

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

Lot Info

  • Assessments: 1268800.00
  • Acre: 0.08
  • Lot Size: 3638.00
  • Page: 319
  • Zoning: res
  • Lot Description: City View(s)

Green Features

  • Energy Features: Storm Windows

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 7400
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 12802.00
  • Assessor Parcel Number: 751419
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Li Shang-Wen and Dong Shuyan
Bought by
Middlesex Fells Folio Llc
Current Estimated Value
$2,024,288

Purchase Details

Listed on
Nov 12, 2020
Closed on
Dec 16, 2020
Sold by
Schoneman David P
Bought by
Li Shang-Wen and Dong Shuyan
Seller's Agent
Gary Vrotsos
Coldwell Banker Realty - Cambridge
Buyer's Agent
Jack Yang
Coldwell Banker Realty - Cambridge
List Price
$1,650,000
Sold Price
$1,735,000
Premium/Discount to List
$85,000
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.15%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Ross Rt and Deprisco
Bought by
Schoneman David P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,400
Interest Rate
7.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Middlesex Fells Folio Llc -- None Available
Middlesex Fells Folio Llc -- None Available
Li Shang-Wen $1,735,000 None Available
Schoneman David P $249,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schoneman David P $270,000
Previous Owner Schoneman David P $237,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $1,735,000 +5.2% $464 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $1,650,000 -- $441 / 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 $17,376 $1,592,700 $598,500 $994,200
2024 $16,297 $1,549,100 $598,500 $950,600
2023 $16,397 $1,585,800 $598,500 $987,300
2022 $15,660 $1,538,300 $570,000 $968,300
2021 $13,141 $1,289,600 $542,800 $746,800
2020 $12,802 $1,268,800 $522,000 $746,800
2019 $11,935 $1,109,200 $453,900 $655,300
2018 $10,115 $894,300 $412,700 $481,600
2017 $9,879 $846,500 $389,300 $457,200
2016 $9,425 $752,200 $356,000 $396,200
2015 $9,078 $719,900 $354,100 $365,800
Source: Public Records

Agents Affiliated with this Home

  • Gary Vrotsos

    Seller's Agent in 2020

    Gary Vrotsos

    Coldwell Banker Realty - Cambridge

    (617) 576-0115

    11 in this area

    81 Total Sales

    Gary Vrotsos
    Section Image
  • Gary S. Vrotsos

    Seller Co-Listing Agent in 2020

    Gary S. Vrotsos

    Coldwell Banker Realty - Cambridge

    (781) 838-1445

    11 in this area

    59 Total Sales

    Gary S. Vrotsos
    Section Image
  • Jack Yang

    Buyer's Agent in 2020

    Jack Yang

    Coldwell Banker Realty - Cambridge

    (617) 642-8233

    2 in this area

    53 Total Sales

    Jack Yang
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72756793

MLS Property Information Network (MLS PIN)

APN: SOME-000029-H000000-000019

Massachusetts Middlesex County Somerville 02144 Spring Hill

275 Summer St, Somerville, MA

Not Listed for Sale

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