NOT LISTED FOR SALE

36 Merriam St Somerville, MA 02143

Estimated Value: $1,216,000 - $1,435,784

4 Beds
3 Baths
1,786 Sq Ft
$728/Sq Ft Est. Value

Last Sold January 13, 2017

Last sale price $770,000 $431 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,031/month

53 Days on Market

About This Home

As of January 2017

Great opportunity to swoop-up a Somerville multi-family. 1st floor consists of unit #1. Unit #2 consists of two floors (2nd and 3rd floors) and has a loft feel to it. Hardwood floors throughout. Large lot in the front gives this Somerville property a good amount of valuable off-street parking space. This owner is also selling the property next to it (34 Merriam St - Two-family, three-floors, MLS #72079448). Buy both and you'll have a good amount of land right in the heart of Somerville! Green Line Extension finally looks like a reality and makes this a great investment! Price just reduced!

Last Agent to Sell the Property

Chad Myers

Mr. Chaddles Real Estate Listed on: 10/11/2016

Last Buyer's Agent

Manish Kumar

Maven Realty

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,542

Year Built

1890

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Highway Access, T-Station
  • Flooring: Hardwood
  • Basement: Full, Bulkhead
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Composition Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck, Storage Shed
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Stone/Gravel
  • Parking Spaces: 2

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: RB

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Levels: 3
  • Total Rms: 10
  • Total Rent_1: 2950

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2016
Closed on
Jan 13, 2017
Sold by
Silva Jaime J and Silva Maria C
Bought by
Somerville City Of
Seller's Agent
Chad Myers
Mr. Chaddles Real Estate
Buyer's Agent
Manish Kumar
Maven Realty
List Price
$899,900
Sold Price
$770,000
Premium/Discount to List
-$129,900
-14.43%
Current Estimated Value
$1,299,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,946
Avg. Annual Appreciation
6.26%
Original Mortgage
$539,000
Outstanding Balance
$449,186
Interest Rate
4.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$850,760

Purchase Details

Closed on
Jan 22, 1999
Sold by
Burdulis Irene F
Bought by
Silva Jamie J and Silva Maria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,800
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
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
Somerville City Of $770,000 --
Silva Jamie J $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somerville City Of $539,000
Previous Owner Silva Jaime J $336,506
Previous Owner Silva Jaime J $345,800
Previous Owner Silva Jaime J $273,000
Previous Owner Silva Jamie J $275,000
Previous Owner Silva Jaime J $275,000
Previous Owner Silva Jaime J $165,800
Previous Owner Silva Jaime J $149,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2017 01/13/17 Sold $770,000 +6.2% $431 / Sq Ft
12/03/2016 12/03/16 Pending -- -- --
11/30/2016 11/30/16 Price Changed $725,000 -19.4% $406 / Sq Ft
10/11/2016 10/11/16 For Sale $899,900 -- $504 / 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 $11,542 $1,057,900 $592,400 $465,500
2024 $11,042 $1,049,600 $592,400 $457,200
2023 $10,531 $1,018,500 $592,400 $426,100
2022 $9,911 $973,600 $564,100 $409,500
2021 $9,416 $924,000 $537,300 $386,700
2020 $8,885 $880,600 $516,700 $363,900
2019 $8,078 $750,700 $438,700 $312,000
2018 $6,952 $614,700 $398,900 $215,800
2017 $6,636 $568,600 $361,200 $207,400
2016 $6,816 $544,000 $355,100 $188,900
2015 $6,490 $514,700 $327,500 $187,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72079449

MLS Property Information Network (MLS PIN)

APN: SOME-000095-B000000-000006