N
Seller's Agent in 2021
Nicolas Saba
J.M.I. Investment Properties
31 Electric Ave Somerville, MA 02144
Estimated Value: $1,515,000 - $1,695,835
6
Beds
2
Baths
3,217
Sq Ft
$495/Sq Ft
Est. Value
Highlights
- Deck
- Porch
- 3-minute walk to Lou Ann David Park
- Somerville High School Rated A-
About This Home
As of July 2021Rock down to ELECTRIC AVENUE! Philadelphia style, family owned home for almost 55 years, this well-maintained West Somerville two-family is a treasure on top of the hill walking distance from Davis Square and Tufts University. Spacious units with newly refinished hardwood floors throughout. Newer windows, white vinyl siding & insulation make these air conditioned apartments cool and comfortable in the warm summer months. Complete electrical service and upgrades including public meter in 2016. Cold water is metered and separated. Separate natural gas, forced hot air/ water heating and central cooling equipment. New front and rear porch with upper deck. Driveway offers 3 off street spots. Large unfinished basement bring many opportunities to homeowners and investors alike. Laundry connections on both sides are set up for coin operated machines. Quiet landscaped backyard brings a suburban feel to the city neighborhood. Both leases end August 31. Property can be delivered vacant.
Last Agent to Sell the Property
Nicolas Saba
J.M.I. Investment Properties Listed on: 05/26/2021
Co-Listed By
Julie Ilyas
J.M.I. Investment Properties
Last Buyer's Agent
Nicolas Saba
J.M.I. Investment Properties Listed on: 05/26/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,427
Year Built
- Built in 1900
Lot Details
- 3,485
Outdoor Features
- Deck
- Porch
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:11 B:C L:20
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 15, 2022
Sold by
Giller David J
Bought by
31 Electric Avenue Nt
Current Estimated Value
Purchase Details
Listed on
May 26, 2021
Closed on
Jul 28, 2021
Sold by
Leslie A Macone Ret
Bought by
Giller David J
Seller's Agent
Nicolas Saba
J.M.I. Investment Properties
Buyer's Agent
Nicolas Saba
J.M.I. Investment Properties
List Price
$1,400,000
Sold Price
$1,425,000
Premium/Discount to List
$25,000
1.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%
Original Mortgage
$825,000
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
May 26, 2021
Closed on
Jun 14, 2021
Sold by
Kate & Jack Llc
Bought by
Guidi Janice M and Macone Leslie A
Seller's Agent
Nicolas Saba
J.M.I. Investment Properties
Buyer's Agent
Nicolas Saba
J.M.I. Investment Properties
List Price
$1,400,000
Sold Price
$1,425,000
Premium/Discount to List
$25,000
1.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 10, 2020
Sold by
Leslie A Macone Ret
Bought by
Kate & Jack Llc
Purchase Details
Closed on
Dec 29, 2016
Sold by
Lamonte Elaine and Guidi Janice
Bought by
Kate & Jack Llc
Purchase Details
Closed on
Aug 22, 2016
Sold by
Macone Leslie
Bought by
Leslie A Macone Ret
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 31 Electric Avenue Nt | -- | None Available | |
| Giller David J | $1,425,000 | None Available | |
| Guidi Janice M | -- | None Available | |
| Kate & Jack Llc | -- | None Available | |
| Kate & Jack Llc | -- | -- | |
| Leslie A Macone Ret | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 31 Electric Avenue Nt | $150,000 | |
| Previous Owner | Giller David J | $825,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2021 07/28/21 | Sold | $1,425,000 | +1.8% | $443 / Sq Ft |
| 06/02/2021 06/02/21 | Pending | -- | -- | -- |
| 05/26/2021 05/26/21 | For Sale | $1,400,000 | -- | $435 / 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 | $14,427 | $1,322,400 | $696,900 | $625,500 |
| 2024 | $13,794 | $1,311,200 | $696,900 | $614,300 |
| 2023 | $13,125 | $1,269,300 | $696,900 | $572,400 |
| 2022 | $11,715 | $1,150,800 | $663,700 | $487,100 |
| 2021 | $11,400 | $1,118,700 | $658,800 | $459,900 |
| 2020 | $11,017 | $1,091,900 | $659,200 | $432,700 |
| 2019 | $10,449 | $971,100 | $600,200 | $370,900 |
| 2018 | $9,660 | $854,100 | $545,600 | $308,500 |
| 2017 | $9,467 | $811,200 | $514,700 | $296,500 |
| 2016 | $9,143 | $729,700 | $459,700 | $270,000 |
| 2015 | $8,727 | $692,100 | $424,500 | $267,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Seller Co-Listing Agent in 2021
Julie Ilyas
J.M.I. Investment Properties
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72838464
APN: SOME-000011-C000000-000020
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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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