Seller's Agent in 2022
Arcangelo Mariano
Mariano Smith & Co.
(781) 858-9408
1 in this area
32 Total Sales
281 Highland Ave Somerville, MA 02143
Spring Hill Neighborhood
31
Beds
14
Baths
13,000
Sq Ft
0.25
Acre Lot
Highlights
- Medical Services
- 0.25 Acre Lot
- Jogging Path
- Somerville High School Rated A-
- Property is near public transit and schools
- 5-minute walk to Lexington Park
About This Home
As of December 2022Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,261
Year Built
- Built in 1900
Lot Details
- 0.25
Parking
- 7 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Stone Foundation
- Slab Foundation
- Rubber Roof
- Marble or Granite Building Materials
Interior Spaces
- 13,000 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 31 Bedrooms
- 14 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- 220 Volts
- 110 Volts
Additional Features
- 11,000 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number M:34 B:E L:60,752361
Community Details
Overview
- 14 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
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
Jul 27, 2022
Closed on
Dec 1, 2022
Sold by
Bought by
Seller's Agent
Arcangelo Mariano
Mariano Smith & Co.
Buyer's Agent
Arcangelo Mariano
Mariano Smith & Co.
List Price
$6,990,000
Sold Price
$6,050,000
Premium/Discount to List
-$940,000
-13.45%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,340,000
Interest Rate
0.0695%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $6,050,000 | None Available |
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 |
|---|---|---|---|
| Open | $4,340,000 |
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 |
|---|---|---|---|---|
| 12/01/2022 12/01/22 | Sold | $6,050,000 | -13.4% | $465 / Sq Ft |
| 09/22/2022 09/22/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | For Sale | $6,990,000 | -- | $538 / Sq Ft |
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 | $36,870 | $3,379,500 | $799,200 | $2,580,300 |
| 2024 | $35,552 | $3,379,500 | $799,200 | $2,580,300 |
| 2023 | $28,377 | $2,744,400 | $799,200 | $1,945,200 |
| 2022 | $26,261 | $2,579,700 | $799,200 | $1,780,500 |
| 2021 | $22,509 | $2,208,900 | $799,200 | $1,409,700 |
| 2020 | $21,457 | $2,126,600 | $799,200 | $1,327,400 |
| 2019 | $20,222 | $1,879,400 | $799,200 | $1,080,200 |
| 2018 | $19,579 | $1,731,100 | $799,200 | $931,900 |
| 2017 | $19,002 | $1,628,300 | $754,100 | $874,200 |
| 2016 | $18,314 | $1,461,600 | $715,000 | $746,600 |
| 2015 | $18,431 | $1,461,600 | $715,000 | $746,600 |
Source: Public Records
Agents Affiliated with this Home
-
Arcangelo Mariano
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73017870
APN: SOME 34-E-60
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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