NOT LISTED FOR SALE

382 Mcgrath Hwy Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,555,238

6 Beds
6 Baths
3,668 Sq Ft
$424/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,550,000 $423 Per Sq Ft

Current estimated payment $8,180/month

14 Days on Market

Highlights

  • Wood Flooring
  • Enclosed Patio or Porch
  • 3-minute walk to Senator Corbett Playground
  • Somerville High School Rated A-

About This Home

As of June 2022

Located just outside of Union Square and at the foot of Prospect Hill, 382 McGrath Highway is a great investment or development opportunity and offers space for a business. This building is comprised of 4 residential units as well as commercial space, currently used for two separate businesses. The apartments offer wonderful light and are classically charming, featuring hardwood floors and high ceilings. Layouts allow for possible use as two-bedroom units. Top floor apartments have enclosed front porches. Common open porches are on the back of the building. Updated zoning on the property is MR3. Considered a walker’s paradise, the property has a Walkscore © of 90. Union Square is one of the most sought after and transforming neighborhoods in the Greater Boston area. Home to some of the area’s hottest restaurants, bars, coffee shops and specialty stores. It is also a burgeoning area for technology and development, as well as home to a future Green Line station.

Last Agent to Sell the Property

Michael Cohen

Compass Listed on: 01/11/2022

Compass

Last Buyer's Agent

Jennie & Eddie Luxury Living Boston Team

Regatta Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,802

Year Built

  • Built in 1890

Lot Details

  • 3,920

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 3,668 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • 5 Heating Zones
  • Gas Water Heater
  • Oil Water Heater

Additional Features

  • Enclosed Patio or Porch
  • 3,920 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $3,900
  • Assessor Parcel Number M:93 B:F L:4,760481

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,802

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1890
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 11

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Appliances: Oil Water Heater,Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Basement: Unfinished
  • Living Area: 3668
  • Stories Total: 11
  • MAIN LO: AN2383
  • MAIN SO: AC0566

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch, Enclosed
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5
  • COOLING ZONES: 0

Lot Info

  • Parcel Number: M:93 B:F L:4,760481
  • Zoning: BB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.399999
  • Lot Size Units: Acres
  • LOT SIZE: 3749

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11802.05

Multi Family

  • Net Operating Income: 61200
  • Number Of Units Total: 5
  • Total Actual Rent: 3900
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Jun 10, 2022
Sold by
Bell Rt and Bellizia
Bought by
382 Mcgrath Nt Llc
Seller's Agent
Michael Cohen
Compass
Buyer's Agent
Jennie & Eddie Luxury Living Boston Team
Regatta Realty
List Price
$1,599,900
Sold Price
$1,550,000
Premium/Discount to List
-$49,900
-3.12%
Current Estimated Value
$1,555,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,238
Avg. Annual Appreciation
0.10%
Original Mortgage
$1,475,000
Outstanding Balance
$1,397,258
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,980
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
382 Mcgrath Nt Llc $1,550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 382 Mcgrath Nt Llc $1,475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $1,550,000 -3.1% $423 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $1,599,900 -- $436 / 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 -- $1,312,600 $466,800 $845,800
2024 -- $1,310,100 $466,800 $843,300
2023 $0 $1,289,900 $466,800 $823,100
2022 $0 $1,213,900 $466,800 $747,100
2021 $0 $1,158,200 $466,800 $691,400
2020 $12,255 $1,125,200 $466,800 $658,400
2019 $10,149 $989,100 $444,600 $544,500
2018 $0 $844,700 $444,600 $400,100
2017 -- $773,900 $419,400 $354,500
2016 -- $704,700 $388,800 $315,900
2015 -- $661,500 $370,300 $291,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72932903

MLS Property Information Network (MLS PIN)

APN: SOME-000093-F000000-000004

Massachusetts Middlesex County Somerville 02143 Prospect Hill

382 Mcgrath Hwy, Somerville, MA

Not Listed for Sale

MultiFamily

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