371 Beacon St Somerville, MA 02143
Porter Square NeighborhoodEstimated Value: $9,245,741
Studio
--
Bath
9,669
Sq Ft
$956/Sq Ft
Est. Value
About This Home
This home is located at 371 Beacon St, Somerville, MA 02143 and is currently priced at $9,245,741, approximately $956 per square foot. 371 Beacon St is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and St Peter School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 4, 2025
Sold by
Beacon Street Hotel Llc
Bought by
Jhm Beacon Hospitality Ll
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,752,500
Outstanding Balance
$7,730,529
Interest Rate
6.3%
Mortgage Type
Commercial
Estimated Equity
$1,515,212
Purchase Details
Closed on
Mar 3, 2015
Sold by
Mikrigiannis Fuel Llc
Bought by
Beacon Street Hotel Llc
Purchase Details
Closed on
Nov 13, 2009
Sold by
Makrigiannis George
Bought by
Makrigiannis Fuel Llc
Purchase Details
Closed on
Aug 22, 2007
Sold by
Elm Corp
Bought by
Makrigiannis George
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
6.78%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jhm Beacon Hospitality Ll | $9,300,000 | -- | |
| Beacon Street Hotel Llc | -- | -- | |
| Makrigiannis Fuel Llc | -- | -- | |
| Makrigiannis Fuel Llc | -- | -- | |
| Makrigiannis George | $785,000 | -- | |
| Makrigiannis George | $785,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jhm Beacon Hospitality Ll | $7,752,500 | |
| Previous Owner | Makrigiannis George | $610,000 |
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 | $138,260 | $7,307,600 | $780,200 | $6,527,400 |
| 2024 | $125,078 | $6,872,400 | $780,200 | $6,092,200 |
| 2023 | $106,656 | $6,147,300 | $780,200 | $5,367,100 |
| 2022 | $93,806 | $5,567,100 | $780,200 | $4,786,900 |
| 2021 | $79,004 | $4,733,600 | $780,200 | $3,953,400 |
| 2020 | $59,881 | $3,669,200 | $780,200 | $2,889,000 |
| 2019 | $31,563 | $1,821,300 | $743,100 | $1,078,200 |
| 2018 | $25,312 | $1,390,000 | $743,100 | $646,900 |
| 2017 | $20,890 | $1,110,600 | $701,000 | $409,600 |
| 2016 | $13,117 | $650,000 | $650,000 | $0 |
| 2015 | $12,615 | $619,000 | $619,000 | $0 |
Source: Public Records
Map
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