Seller's Agent in 2023
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
2 in this area
57 Total Sales
305 Medford St Somerville, MA 02143
Winter Hill Neighborhood
9
Beds
6
Baths
7,530
Sq Ft
4,219
Sq Ft Lot
Highlights
- Laundry Room
- Somerville High School Rated A-
- 2-minute walk to Edward L. Leathers Community Park
About This Home
As of March 2023305-307 Medford St. in Somerville consists of a three story building with (6) units consisting of (2) four bedroom/one bathroom units and (4) three bedroom/one bathroom units. Located in the path of the future Green Line Extension, the property offers the rare opportunity to acquire an exceptionally well located asset with value add potential in of the hottest real estate markets in a region that is poised for future growth. The property offers the ability to add value to a well constructed, brick building through renovating the units and the potential opportunity to capture basement space by duplexing the first floor units with the basement. The location offers unparalleled access to the new Gilman Square Station of the Green Line Extension, less than 1/4 mile from the property. The subject property is ideal for a potential buyer looking for strong location with significant upside. Somerville's outlook is bright as rentals continue to increase at a steady rate.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,924
Year Built
- Built in 1906
Lot Details
- 4,219
Home Design
- 7,530 Sq Ft Home
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Parking
- Driveway
- Open Parking
Additional Features
- Laundry Room
- 4,219 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $6,000
- Assessor Parcel Number M:16 B:E L:5
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Operating Expense $39,344
- Net Operating Income $56,656
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2023 03/16/23 | Sold | $2,475,000 | -14.7% | $329 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 08/16/2022 08/16/22 | For Sale | $2,900,000 | -- | $385 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Dennis Kelleher
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73093843
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.
Nearby Homes
- 232 Pearl St
- 32 Radcliffe Rd
- 39 Gilman St
- 7 Stickney Ave
- 6 Greenville Ct
- 24 Jackson Rd Unit 1
- 31 Vinal Ave Unit 2
- 85 A Munroe St Unit 1
- 54 Bonair St
- 73 Bonair St
- 52 Bonair St
- 59 Marshall St Unit 1
- 28 Vinal Ave
- 59 Bonair St
- 185 School St
- 84 Cross St
- 75 School St
- 115 Highland Ave Unit 21
- 58 Oliver St Unit 2
- 9 Prospect Hill Ave Unit 2
- 307 Medford St Unit 305-2
- 307 Medford St
- 307 Medford St Unit 2
- 307 Medford St Unit 3
- 307 Medford St Unit 1
- 305 Medford St Unit 6
- 305 Medford St Unit 2
- 305 Medford St Unit 1
- 307 Medford St
- 309 Medford St
- 309 Medford St Unit 3
- 301 Medford St Unit 1
- 311 Medford St
- 108 Gilman St
- 108 Gilman St Unit 4
- 108 Gilman St Unit 3
- 108 Gilman St Unit 2
- 104 Gilman St
- 104 Gilman St
- 104 Gilman St Unit 2