Seller's Agent in 2021
Shane Marrion
Benoit Real Estate Group ,LLC
(617) 750-6378
2 in this area
79 Total Sales
28 Franklin St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $1,677,000 - $2,191,064
8
Beds
5
Baths
3,706
Sq Ft
$525/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- 3-minute walk to Symphony Park
- Somerville High School Rated A-
About This Home
As of May 2021Great investment! 8150 PER MONTH RENT. Large 3 family that was gut rehabbed in the 90's with maintenance free vinyl siding, gas forced hot air system with central air in all 3 units. High ceilings, beautiful hardwood floors throughout, large closets and modern floor plans. Kitchens with cherry cabinets and master bedroom/bathroom in units 1 & 2. Unit 1 also has granite kitchen and in unit laundry. Units 2 and 3 share laundry in basement. Freshly painted front porch and back deck, large basement with high ceilings, private yard. 3 car off street parking. Group showings only: Monday March 29th noon-1pm, Tuesday 6-7pm, Wednesday 12-1245, Thursday 6-7pm, Sat open house 11-12-30 and Sun open house 11-12:30. Seller to review all offers Tuesday April 6th at noon. Group showings only: Monday March 29th noon-1pm, Tuesday 6-7pm, Wednesday 12-1245, Thursday 6-7pm, Sat open house 11-12-30 and Sun open house 11-12:30. Seller to review all offers Tuesday April 6th at noon.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,841
Year Built
- Built in 1900
Lot Details
- 3,485
Additional Features
- Wood Flooring
- Deck
- Natural Gas Water Heater
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2021
Closed on
May 13, 2021
Sold by
Debenedetto Lorenzo J
Bought by
28 Franklin Llc
Seller's Agent
Shane Marrion
Benoit Real Estate Group ,LLC
Buyer's Agent
David-Daili Xiao
Engel & Volkers Newton
List Price
$1,500,000
Sold Price
$1,665,000
Premium/Discount to List
$165,000
11%
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
$287,635
Avg. Annual Appreciation
3.75%
Original Mortgage
$925,000
Outstanding Balance
$846,538
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,099,478
Purchase Details
Closed on
Sep 13, 1995
Sold by
Gananathan T S and Selvanayakam Jeryarani
Bought by
Debenedetto Lorenzo J
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 28 Franklin Llc | $1,665,000 | None Available | |
| Debenedetto Lorenzo J | $76,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 28 Franklin Llc | $925,000 | |
| Previous Owner | Dibenedetto Lorenzo J | $560,272 | |
| Previous Owner | Dibenedetto Lorenzo J | $645,000 | |
| Previous Owner | Dibenedetto Lorenzo J | $380,000 | |
| Previous Owner | Dibenedetto Lorenzo J | $386,000 | |
| Previous Owner | Debenedetto Lorenzo J | $400,000 | |
| Previous Owner | Dibenedetto Lorenzo | $425,000 | |
| Previous Owner | Dibenedetto Lorenzo | $396,600 | |
| Previous Owner | Debenedetto Lorenzo J | $359,000 | |
| Previous Owner | Dibenedetto Lorenzo J | $402,500 | |
| Previous Owner | Debenedetto Lorenzo J | $420,000 | |
| Previous Owner | Debenedetto Lorenzo J | $245,050 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2021 05/14/21 | Sold | $1,665,000 | +11.0% | $449 / Sq Ft |
| 04/06/2021 04/06/21 | Pending | -- | -- | -- |
| 03/28/2021 03/28/21 | For Sale | $1,500,000 | -- | $405 / 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 | $16,841 | $1,543,600 | $402,400 | $1,141,200 |
| 2024 | $16,203 | $1,540,200 | $402,400 | $1,137,800 |
| 2023 | $15,644 | $1,513,000 | $402,400 | $1,110,600 |
| 2022 | $12,669 | $1,244,500 | $383,200 | $861,300 |
| 2021 | $10,886 | $1,068,300 | $378,000 | $690,300 |
| 2020 | $10,170 | $1,007,900 | $363,500 | $644,400 |
| 2019 | $9,227 | $857,500 | $301,500 | $556,000 |
| 2018 | $8,017 | $708,800 | $241,100 | $467,700 |
| 2017 | $7,948 | $681,100 | $227,500 | $453,600 |
| 2016 | $7,375 | $588,600 | $159,800 | $428,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Buyer's Agent in 2021
David-Daili Xiao
Engel & Volkers Newton
(857) 297-2000
1 in this area
29 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72805207
APN: SOME-000091-G000000-000018
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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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