NOT LISTED FOR SALE

Estimated Value: $1,201,000 - $1,459,999

5 Beds
2 Baths
2,448 Sq Ft
$532/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $1,050,000 $429 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,050/month

11 Days on Market

Highlights

  • Medical Services
  • Deck
  • Wood Flooring
  • Hardy Elementary School Rated A
  • Property is near public transit
  • 5-minute walk to Magnolia Park

About This Home

As of October 2022

Fantastic investment opportunity with this move-in ready two-family home! This unbeatable location offers easy access to Alewife Redline T-stop, Minuteman Bike Path, Cambridge, Somerville, Rt. 2 and I-93. Two bedrooms and one bath in each unit, newer heating systems, and the third floor attic (with additional 775+ SqFt) can be used as a 3rd bedroom. With off-street parking in the private driveway, two spacious porches, and a fenced-in backyard space, this home has everything you need!

Last Agent to Sell the Property

Joseph Pollack

Redfin Corp. Listed on: 08/17/2022

Redfin Corp.

Last Buyer's Agent

Brenda Malatesta

Metro Properties License #449500747

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,125

Year Built

  • Built in 1926

Lot Details

  • 3,999 Sq Ft Lot
  • Fenced
  • Garden

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,448 Sq Ft Home
  • Property has 1 Level
  • Window Screens
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Washer

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $3,950
  • Assessor Parcel Number M:001.0 B:0003 L:0016,318108

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $47,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,125

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1926
  • Buyer Agency: 2
  • Dual Variable: Yes
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Vinyl,Carpet
  • Interior Amenities: Other (See Remarks), Unit 1(Pantry,Storage,Bathroom With Tub), Unit 2(Ceiling Fans,Pantry,Bathroom With Tub)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Refrigerator,Washer,Dryer), Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 2448
  • Stories Total: 3
  • Window Features: Screens
  • MAIN LO: NB3534
  • LIST PRICE PER Sq Ft: 484.07
  • PRICE PER Sq Ft: 428.92
  • MAIN SO: B95027

Exterior Features

  • Exterior Features: Rain Gutters, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch, Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Steam), Unit 2(Electric Baseboard,Steam)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University

Lot Info

  • Parcel Number: M:001.0 B:0003 L:0016,318108
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3999
  • Lot Size Units: Acres
  • PAGE: 505
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 10125
  • Tax Book Number: 10201

Multi Family

  • Gross Income: 47400
  • Net Operating Income: 47400
  • Number Of Units Total: 2
  • Total Actual Rent: 3950
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Sep 17, 2022
Sold by
Davis Janine and Bockhorst Andrew
Bought by
389 Mass Ave Rt and Galvin
Seller's Agent
Joseph Pollack
Redfin Corp.
Buyer's Agent
Brenda Malatesta
Metro Properties
List Price
$1,185,000
Sold Price
$1,050,000
Premium/Discount to List
-$135,000
-11.39%
Views
24
Current Estimated Value
$1,302,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,500
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Jan 15, 1963
Bought by
Davis Janine
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
389 Mass Ave Rt $1,050,000 None Available
Davis Janine -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $1,050,000 -11.4% $429 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $1,185,000 -- $484 / 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 $12,095 $1,123,000 $561,600 $561,400
2024 $11,174 $1,055,100 $534,600 $520,500
2023 $10,166 $906,900 $448,200 $458,700
2022 $10,125 $886,600 $432,000 $454,600
2021 $9,818 $865,800 $432,000 $433,800
2020 $9,577 $865,900 $432,000 $433,900
2019 $8,973 $796,900 $459,000 $337,900
2018 $8,160 $672,700 $334,800 $337,900
2017 $7,640 $608,300 $291,600 $316,700
2016 $7,233 $565,100 $248,400 $316,700
2015 $7,114 $525,000 $243,000 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73026168

MLS Property Information Network (MLS PIN)

APN: ARLI-000001-000003-000016