NOT LISTED FOR SALE

Estimated Value: $1,257,000 - $1,438,005

8 Beds
3 Baths
3,089 Sq Ft
$434/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $1,120,000 $363 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,172/month

7 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • 2-minute walk to Deanna Cremin Playground
  • Somerville High School Rated A-
  • Porch

About This Home

As of June 2021

Three Family Investment Opportunity! Great location in East Somerville. Close proximity to Sullivan Square, Assembly Row, The Encore, Union Square, Route 93, as well as the soon-to-be Green Line Extension Stops in Gilman Square & East Somerville. Close to shopping, restaurants, and so much more. Two units featuring 5 rooms, 3 bedrooms, and 1 full bath; top floor features 4 rooms, 2 bedrooms, and 1 full bath. All units boast eat-in-kitchens, high ceilings, hardwood flooring, good size bedrooms, and abundant natural light. Washer & Dryer hook-ups in the basement. Current rent roll $5765! Large backyard with potential for multiple off-street parking spaces. This home offers the perfect opportunity for both long-term investors and owner-occupants, as well as potential for condo conversion. Property to be sold “as is”. Buyer and Buyer's Agent to do their own due diligence.

Last Agent to Sell the Property

Joseph Cirrone

Advisors Living - Boston Listed on: 03/22/2021

Advisors Living - Boston

Last Buyer's Agent

Hongmei Wang

HMW Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,028

Year Built

  • Built in 1890

Lot Details

  • Year Round Access
  • Fenced Yard

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Porch

Schools

  • Somerville High School

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,028

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Commission: 2.00
  • Seller Agency: 2.00
  • Sub-Agency Relationship Offered: Yes
  • Year Built Description: Actual
  • List Price Per Sq Ft: 323.41
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Flooring: Wood, Vinyl, Wall to Wall Carpet
  • Total Flrs: 6
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 14
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN4339
  • Main So: AN0688
  • Estimated Sq Ft: 3089.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Shingles, Vinyl
  • Exterior Features: Porch, Fenced Yard
  • Foundation: Brick

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 200 Amps
  • Heat Zones: 2
  • Hot Water: Natural Gas, Electric, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station

Schools

  • Elementary School: East Somerville
  • High School: Somerville

Lot Info

  • Assessments: 837300.00
  • Lot: 36
  • Acre: 0.07
  • Lot Size: 3211.00
  • Page: 646
  • Zoning: RB
  • Lot Description: Easements, Fenced/Enclosed

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 5765
  • Total Rms: 14
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 8448.00
  • Assessor Parcel Number: 759938
  • Tax Year: 2020

MLS Schools

  • Grade School: East Somerville
  • High School: Somerville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 19, 2021
Sold by
Fang
Bought by
Fang
Seller's Agent
Joseph Cirrone
Advisors Living - Boston
Buyer's Agent
Hongmei Wang
HMW Real Estate, LLC
List Price
$999,000
Sold Price
$1,120,000
Premium/Discount to List
$121,000
12.11%
Current Estimated Value
$1,324,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,618
Avg. Annual Appreciation
3.95%
Original Mortgage
$840,000
Outstanding Balance
$768,748
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$548,914

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 3, 2021
Sold by
Silvestri Ft
Bought by
Fang
Seller's Agent
Joseph Cirrone
Advisors Living - Boston
Buyer's Agent
Hongmei Wang
HMW Real Estate, LLC
List Price
$999,000
Sold Price
$1,120,000
Premium/Discount to List
$121,000
12.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$768,748
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$548,914

Purchase Details

Closed on
Sep 8, 2016
Sold by
Silvestri Marie A
Bought by
Silvestri Ft

Purchase Details

Closed on
Jan 19, 1967
Bought by
Silvestri Gino and Silvestri Marie A
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
Fang -- None Available
Fang $1,120,000 None Available
Silvestri Ft -- --
Silvestri Gino $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fang $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $1,120,000 +12.1% $363 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $999,000 -- $323 / 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 $11,028 $1,010,800 $385,000 $625,800
2024 $10,347 $983,600 $385,000 $598,600
2023 $10,111 $977,900 $385,000 $592,900
2022 $9,657 $948,600 $366,600 $582,000
2021 $9,033 $886,500 $361,600 $524,900
2020 $8,448 $837,300 $347,800 $489,500
2019 $7,334 $681,600 $288,500 $393,100
2018 $6,337 $560,300 $230,600 $329,700
2017 $6,268 $537,100 $217,600 $319,500
2016 $5,697 $454,700 $152,900 $301,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72799603

MLS Property Information Network (MLS PIN)

APN: SOME-000090-H000000-000036