NOT LISTED FOR SALE

3 Boston St Somerville, MA 02143

Prospect Hill Neighborhood
11 Beds
5 Baths
4,870 Sq Ft
5,412 Sq Ft Lot

Last Sold June 01, 2022

Last sale price $1,900,000 $390 Per Sq Ft

6 Days on Market

Highlights

  • 0.12 Acre Lot
  • Deck
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • 3-minute walk to Senator Corbett Playground

About This Home

As of June 2022

HIGHLY DESIRABLE SOMERVILLE LOCATION JUST 3/10 MILE FROM UNION SQUARE AT INTERSECTION OF BOSTON STREET AND WASHINGTON STREET WITH VIEWS OF BOSTON!! Rarely available 5 unit multi family home with 5 parking spaces close to shops, public transportation, highway access and just minutes to Boston. This property consists of (4) two bedroom units and (1) three bedroom unit each with a dedicated parking space, coin operated laundry in basement and one unit has a roof deck! All units are fully tenanted with leases, utilities are separated and tenants pay their own heat and electric. This is great for a buy and hold investor or a developer.

Last Agent to Sell the Property

Lori Orchanian

Coldwell Banker Realty - Belmont Listed on: 04/05/2022

Coldwell Banker Realty - Belmont

Last Buyer's Agent

The Residential Group

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,687

Year Built

  • Built in 1890

Lot Details

  • 5,412

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,870 Sq Ft Home
  • Living Room
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Deck
  • 5,412 Sq Ft Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $6,600
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:93 B:F L:10,760487

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Shops

Building Details

  • Electric Expense $500
  • Insurance Expense $5,000
  • Water Sewer Expense $3,400
  • Operating Expense $37,000
  • Net Operating Income $72,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,687

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1890
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 11
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 4870
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN6181
  • MAIN SO: M59500

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Driveway
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 5
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 3400

Lot Info

  • Parcel Number: M:93 B:F L:10,760487
  • Zoning: BB
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5412
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 15687

Multi Family

  • Electric Expense: 500
  • Insurance Expense: 5000
  • Net Operating Income: 72200
  • Number Of Units Total: 5
  • Operating Expense: 37000
  • Total Actual Rent: 6600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $1,900,000 -5.0% $390 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $1,999,000 -- $410 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lori Orchanian

    Seller's Agent in 2022

    Lori Orchanian

    Coldwell Banker Realty - Belmont

    (617) 413-6770

    1 in this area

    128 Total Sales

    Lori Orchanian
    Section Image

  • T

    Buyer's Agent in 2022

    The Residential Group

    William Raveis R.E. & Home Services

    (617) 426-8333

    1 in this area

    258 Total Sales

    The Residential Group
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72962571

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Somerville 02143 Prospect Hill

3 Boston St, Somerville, MA

Not Listed for Sale

MultiFamily

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