NOT LISTED FOR SALE

381 Highland Ave Somerville, MA 02144

Estimated Value: $1,485,000 - $1,950,805

5 Beds
3 Baths
2,844 Sq Ft
$570/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $825,000 $290 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $10,098/month

15 Days on Market

About This Home

As of May 2013

Desirable 2-family in the heart of Davis Square. 0.1 mile to Davis T station. Prime condo conversion, positive cash-flow investment or ideal owner-occupied location. Within CBD allowing first floor retail or office conversion. Unit 2 is owner occupied with high end finishes. This unit includes 2 floors of living space, cook's kitchen (soapstone,marble) and 700sqft lofted master BR/office/bath. Unit 1 (leased until 8/31) has updated kitchen, hardwood and impeccable rental history.

Last Agent to Sell the Property

Vincent Loccisano

Vincent Loccisano Listed on: 04/15/2013

Last Buyer's Agent

Michael Cohen

Compass

Compass

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,038

Year Built

1895

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1895

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, T-Station
  • Electric: 220 Volts, Circuit Breakers, Individually Metered
  • Basement: Full, Interior Access

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles, Rubber
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck, Patio, Fenced Yard, Fruit Trees
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Spaces: 1

Utilities

  • Cooling Zones: 1
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tankless, Separate Booster

Lot Info

  • Assessor Parcel Number: 24-G-13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2021
Sold by
Silva Edward C and Silva Mark J
Bought by
Silva Realty 1 Llc
Current Estimated Value
$1,620,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,875,000
Outstanding Balance
$10,020,042
Interest Rate
3.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$8,399,591

Purchase Details

Closed on
Feb 6, 2020
Sold by
Silva Mark J
Bought by
Silva Mark J and Silva Edward C

Purchase Details

Listed on
Apr 15, 2013
Closed on
May 29, 2013
Sold by
Loccisano Vincent P and Lombardi Candace
Bought by
Silva Mark J
Seller's Agent
Vincent Loccisano
Vincent Loccisano
Buyer's Agent
Michael Cohen
Compass
List Price
$729,000
Sold Price
$825,000
Premium/Discount to List
$96,000
13.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$660,000
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2012
Sold by
381 Highland Avenue Rt and Loccisano Vincent P
Bought by
Loccisano Vincent P and Lombardi Candace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2009
Sold by
Loccisano Vincent P
Bought by
381 Highland Avenue Rt and Loccisano Vincent P

Purchase Details

Closed on
Mar 26, 2002
Sold by
Fragione Salvatore R and Fragione Leonilda O
Bought by
Loccisano Vincent P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Silva Realty 1 Llc -- None Available
Silva Mark J -- None Available
Silva Mark J $825,000 --
Loccisano Vincent P -- --
381 Highland Avenue Rt -- --
Loccisano Vincent P $497,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Realty 1 Llc $10,875,000
Previous Owner Silva Mark J $1,035,000
Previous Owner Silva Mark J $660,000
Previous Owner Silva Mark J $41,167
Previous Owner Loccisano Vincent P $420,000
Previous Owner Loccisano Vincent P $221,350
Previous Owner Loccisano Vincent P $375,000
Previous Owner Loccisano Vincent P $371,000
Previous Owner Loccisano Vincent P $371,250
Previous Owner Fragione Salvatore R $300,000
Previous Owner Fragione Salvatore R $120,000
Previous Owner Fragione Salvatore R $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2013 05/30/13 Sold $825,000 +13.2% $290 / Sq Ft
04/30/2013 04/30/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $729,000 -- $256 / 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 $16,038 $1,470,000 $652,900 $817,100
2024 $14,973 $1,423,300 $652,900 $770,400
2023 $14,579 $1,410,000 $652,900 $757,100
2022 $13,629 $1,338,800 $621,800 $717,000
2021 $13,052 $1,280,900 $617,300 $663,600
2020 $12,559 $1,244,700 $617,700 $627,000
2019 $12,259 $1,139,300 $562,400 $576,900
2018 $11,273 $996,700 $511,200 $485,500
2017 $10,832 $928,200 $482,300 $445,900
2016 $10,776 $860,000 $430,700 $429,300
2015 $10,386 $823,600 $397,700 $425,900
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2013

    Vincent Loccisano

    Vincent Loccisano

  • Michael Cohen

    Buyer's Agent in 2013

    Michael Cohen

    Compass

    (617) 852-1160

    57 Total Sales

    Michael Cohen
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71509032

MLS Property Information Network (MLS PIN)

APN: SOME-000024-G000000-000013

Massachusetts Middlesex County Somerville 02144

381 Highland Ave, Somerville, MA

This home is located at 381 Highland Ave, Somerville, MA 02144 since 15 April 2013 and is currently estimated at $1,620,451, approximately $569 per square foot. This property was built in 1895. 381 Highland Ave is a home located in Middlesex County with nearby schools including Somerville High School, Benjamin Banneker Charter Public School, and St. Clement Elementary 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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