NOT LISTED FOR SALE

29 Magnus Ave Somerville, MA 02143

Ward Two Neighborhood

Estimated Value: $1,827,000 - $2,104,189

6 Beds
3 Baths
3,493 Sq Ft
$548/Sq Ft Est. Value

Last Sold January 22, 2016

Last sale price $1,100,000 $315 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $11,703/month

72 Days on Market

About This Home

As of January 2016

Investors/Contractors !!! Prime Location !!! Walking distance to Harvard University/Union Sq/Inman Sq/Cambridge hospital. Solid 3 family with excellent rental history. MBTA at end of street. Perry Park at end of street! Property is located off Washington St on Cambridge/Somerville line between Union Sq and Harvard University. Cambridge Hospital 10 minute walk. This could be a great investment/condo conversion. . . 1 st and 2nd floor units have been updated as apartments became available. 3rd floor will need updating as tenant has been there for over 25 years. All tenants are tenants at will. Don't miss this opportunity as homes in this area do not stay on the market. Rents below market average as tenants have been there for years with no rent increase. Walk score 82 Ist and 2nd floors vacant.

Last Agent to Sell the Property

Gene Leblanc

RE/MAX Encore Listed on: 09/08/2015

RE/MAX Encore

Last Buyer's Agent

Gene Leblanc

RE/MAX Encore Listed on: 09/08/2015

RE/MAX Encore

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,268

Year Built

1926

Lot Details

0

Listing Details

  • Lot Description: City View(s)
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 16
  • Amenities: Public Transportation, Park, Medical Facility, Laundromat, Public School, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood, Vinyl
  • Basement: Full, Interior Access, Concrete Floor, Unfinished Basement

Exterior Features

  • Roof: Rubber
  • Construction: Frame, Brick, Stone/Concrete
  • Exterior: Aluminum
  • Exterior Features: Porch, Porch - Enclosed, Patio, Fenced Yard
  • Foundation: Concrete Block

Garage/Parking

  • Parking: On Street Permit

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Dryer
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: RB

Multi Family

  • Heat Units: 3
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 16
  • Total Rent_1: 4500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2015
Closed on
Jan 25, 2016
Sold by
Djl T
Bought by
Logic Lane Properties
Seller's Agent
Gene Leblanc
RE/MAX Encore
Buyer's Agent
Gene Leblanc
RE/MAX Encore
List Price
$1,191,000
Sold Price
$1,100,000
Premium/Discount to List
-$91,000
-7.64%
Current Estimated Value
$1,889,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789,877
Avg. Annual Appreciation
5.66%
Original Mortgage
$200,000
Outstanding Balance
$161,270
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$1,701,460
Source: Public Records

Range of Values:

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Average Value
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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
Logic Lane Properties $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Logic Lane Properties $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2016 01/22/16 Sold $1,100,000 -7.6% $315 / Sq Ft
11/19/2015 11/19/15 Pending -- -- --
11/03/2015 11/03/15 For Sale $1,191,000 -6.6% $341 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $1,275,000 -- $365 / 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 $16,268 $1,491,100 $681,000 $810,100
2024 $15,314 $1,455,700 $681,000 $774,700
2023 $14,960 $1,446,800 $681,000 $765,800
2022 $14,249 $1,399,700 $648,600 $751,100
2021 $13,676 $1,342,100 $617,700 $724,400
2020 $13,303 $1,318,400 $594,000 $724,400
2019 $12,269 $1,140,200 $504,400 $635,800
2018 $11,196 $989,900 $458,500 $531,400
2017 $11,442 $980,500 $415,300 $565,200
2016 $9,603 $766,400 $408,200 $358,200
2015 $8,918 $707,200 $376,500 $330,700
Source: Public Records

Agents Affiliated with this Home

  • Gene Leblanc

    Seller's Agent in 2016

    Gene Leblanc

    RE/MAX

    (978) 500-2585

    6 Total Sales

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71900136

MLS Property Information Network (MLS PIN)

APN: SOME-000065-A000000-000012

Massachusetts Middlesex County Somerville 02143 Ward Two

29 Magnus Ave, Somerville, MA

This home is located at 29 Magnus Ave, Somerville, MA 02143 since 08 September 2015 and is currently estimated at $1,914,047, approximately $547 per square foot. This property was built in 1926. 29 Magnus Ave is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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.

MLS Property Information Network (MLS PIN) 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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