361 Somerville Ave Somerville, MA 02143
Prospect Hill Neighborhood
5
Beds
5.5
Baths
6,720
Sq Ft
2,614
Sq Ft Lot
About This Home
As of May 2022Rare 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 .
Property Details
Home Type
Multi-Family
Year Built
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
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
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
-
Seller Co-Listing Agent in 2022
Drew Boujoulian
Coldwell Banker Realty - Boston
(339) 234-0747
1 in this area
16 Total Sales
-
T
Buyer's Agent in 2022
The Bushari Team Compass
Compass
(617) 206-3333
1 in this area
90 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72939053
APN: SOME-000074-C000000-000028
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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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