NOT LISTED FOR SALE

361 Somerville Ave Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $2,483,159

5 Beds
5.5 Baths
6,720 Sq Ft
$370/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $2,320,000 $345 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,530/month

41 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Laundry Room
  • Somerville High School Rated A-
  • Cooling Available
  • 3-minute walk to Quincy Street Open Space

About This Home

As of May 2022

Rare opportunity available 6 unit investment property in Union Square, Somerville. Located 0.6 miles from newly proposed Green Line Extension 'Union Square' stop. (5) one bedroom residential rental units are all currently occupied as well as the 1,300 sq. ft. retail store front below in this brick building. Current gross income is $146,000 annually with ability to improve units and raise rents. Located in the heart of Union Square, this area boasts plenty of shopping, dining, local markets, offices, and commutability. Close proximity to Cambridge Harvard square and Inman square.Offered deadline Sunday, March 13 5 PM. Make offers good until Tuesday, March 15 at 5 PM .

Last Agent to Sell the Property

Brendan Nixon

Coldwell Banker Realty - Boston Listed on: 02/02/2022

Coldwell Banker Realty - Boston

Co-Listed By

Drew Boujoulian

Coldwell Banker Realty - Boston

Last Buyer's Agent

The Bushari Team Compass

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,603

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot
  • Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,720 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Bulkhead

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Arenziano Elementary School
  • Next Wave Middle School
  • Somerville High School

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $12,175
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water), unit 3(heat water hot water), unit 4(heat water hot water)
  • Assessor Parcel Number M:74 B:C L:28,758253

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,603

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Buyer Agency: 2.25
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 11

Interior Features

  • Flooring: Wood,Vinyl,Laminate,Hardwood, Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring), Unit 4(Wood Flooring)
  • Interior Amenities: Unit 1(Pantry,Internet Available - Fiber-Optic), Unit 2(Pantry,Internet Available - Fiber-Optic), Unit 3(Pantry,Internet Available - Fiber-Optic), Unit 4(Pantry,Internet Available - Fiber-Optic), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Freezer), Unit 2(Range,Dishwasher,Disposal,Refrigerator,Freezer), Unit 3(Range,Dishwasher,Disposal,Refrigerator,Freezer), Unit 4(Range,Dishwasher,Disposal,Refrigerator,Freezer), Oil Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bathrooms: 5.5
  • Laundry Features: Laundry Room, Washer Hookup
  • Basement: Full, Bulkhead, Unfinished
  • Living Area: 6720
  • Stories Total: 11
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 356.99
  • PRICE PER Sq Ft: 345.24
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter, Stone
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC), Unit 4(Window AC)
  • Heating: Unit 1(Oil), Unit 2(Oil), Unit 3(Oil), Unit 4(Oil)
  • Cooling Y N: Yes
  • Electric: Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water), Unit 3(Heat,Water,Hot Water), Unit 4(Heat,Water,Hot Water)

Lot Info

  • Parcel Number: M:74 B:C L:28,758253
  • Zoning: CBD
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • LOT SIZE: 2410
  • PAGE: 264

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10603.48
  • Tax Book Number: 28032

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 12175
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 3
  • FLRS 3: 2
  • FLRS 2: 2

MLS Schools

  • High School: Somerville High
  • Elementary School: Arenziano
  • Middle Or Junior School: Next Wave

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2012
Sold by
Pallis James J and Pallis Jeffrey F
Bought by
Louise Giglio Rt
Current Estimated Value
$2,483,159
Source: Public Records

Range of Values:

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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
Louise Giglio Rt -- --
Pallis James J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $2,320,000 -3.3% $345 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $2,399,000 0.0% $357 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/17/2022 02/17/22 For Sale -- -- --
02/10/2022 02/10/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $2,399,000 -- $357 / 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 -- $1,483,300 $765,800 $717,500
2024 -- $1,563,000 $765,800 $797,200
2023 $0 $1,041,600 $382,900 $658,700
2022 $0 $1,041,600 $382,900 $658,700
2021 $0 $1,041,600 $382,900 $658,700
2020 $12,430 $1,018,700 $382,900 $635,800
2019 $13,224 $966,100 $364,700 $601,400
2018 $0 $960,400 $364,700 $595,700
2017 -- $922,600 $344,100 $578,500
2016 -- $897,500 $319,000 $578,500
2015 -- $882,300 $303,800 $578,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brendan Nixon

    Coldwell Banker Realty - Boston

    (617) 618-5411

    1 in this area

    14 Total Sales

    Section Image
  • Drew Boujoulian

    Seller Co-Listing Agent in 2022

    Drew Boujoulian

    Coldwell Banker Realty - Boston

    (339) 234-0747

    1 in this area

    17 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    The Bushari Team Compass

    Compass

    (617) 206-3333

    1 in this area

    88 Total Sales

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72939053

MLS Property Information Network (MLS PIN)

APN: SOME-000074-C000000-000028

Massachusetts Middlesex County Somerville 02143 Prospect Hill

361 Somerville Ave, Somerville, MA

This home is located at 361 Somerville Ave, Somerville, MA 02143 since 02 February 2022 and is currently estimated at $2,483,159, approximately $369 per square foot. This property was built in 1920. 361 Somerville Ave is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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.

MLS Property Information Network (MLS PIN) 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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