NOT LISTED FOR SALE

Estimated Value: $1,482,000 - $1,763,441

8 Beds
3 Baths
3,142 Sq Ft
$523/Sq Ft Est. Value

Last Sold April 01, 2019

Last sale price $1,050,000 $334 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $10,080/month

34 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Somerville High School Rated A-
  • Fenced Yard

About This Home

As of April 2019

Tenants love this 2-family, and you will love the reliable rental income! Never a vacancy in 30 years of ownership! Situated one block from the Tufts' campus and just a mile from Davis Square, this fantastic property is a students' paradise! Solidly built, well maintained and boasting 3 levels of living with 8 large bedrooms, outdoor space and driveway parking, there is plenty of space to work with! Leased until May 31st. Do some cosmetic updates, owner occupy one unit, or continue to rent as-is. Two sets of washers and dryers and all other appliances included! Roof is ~ 13 y/o. Heating systems about 10 and 6 y/o. Start off 2019 on the right foot by adding a great investment to your portfolio!

Last Agent to Sell the Property

Chelsea Gelinas

Keller Williams Realty Boston Northwest Listed on: 01/02/2019

Keller Williams Realty Boston Northwest

Co-Listed By

Carey Gatto

Keller Williams Realty Boston Northwest License #449546684

Last Buyer's Agent

Manish Kumar

Maven Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,286

Year Built

  • Built in 1900

Lot Details

  • Year Round Access
  • Fenced Yard

Outdoor Features

  • Deck
  • Porch

Additional Features

  • Wood Flooring
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:7 B:G L:26

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,286

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 366.01
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 3
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Fbh: 2
  • Total Hbh: 1
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full, Unfinished Basement
  • Main Lo: BB5474
  • Main So: NB9077
  • Estimated Sq Ft: 3142.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck - Wood, Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Dryer

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station, University

Lot Info

  • Assessments: 764400.00
  • Acre: 0.10
  • Lot Size: 4142.00
  • Page: 138
  • Parcel Number: M:7 B:G L:26
  • Zoning: RA
  • Lot Description: Level

Multi Family

  • Heat Units: 2
  • Total Levels: 4
  • Total Rent: 6120
  • Total Rms: 12
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 8645.00
  • Assessor Parcel Number: 747706

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
Feb 27, 2019
Sold by
Altman Karyn A
Bought by
Lacourt Orphanage T Llc
Seller's Agent
Chelsea Gelinas
Keller Williams Realty Boston Northwest
Buyer's Agent
Manish Kumar
Maven Realty
List Price
$1,199,900
Sold Price
$1,050,000
Premium/Discount to List
-$149,900
-12.49%
Current Estimated Value
$1,644,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,110
Avg. Annual Appreciation
6.08%

Purchase Details

Closed on
Jun 24, 2009
Sold by
Velazquez Raymond and Altman Karyn
Bought by
Altman Karan A

Purchase Details

Closed on
May 21, 1987
Sold by
Est Bostiga Robt
Bought by
Velazquez Raymond
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
Lacourt Orphanage T Llc $1,050,000 --
Altman Karan A -- --
Velazquez Raymond $228,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Altman Karyn $117,250
Previous Owner Velazquez Raymond $148,500
Previous Owner Velazquez Raymond $149,800
Previous Owner Velazquez Raymond $149,800
Previous Owner Velazquez Raymond $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2019 04/01/19 Sold $1,050,000 -8.7% $334 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
01/22/2019 01/22/19 Price Changed $1,150,000 -4.2% $366 / Sq Ft
01/02/2019 01/02/19 For Sale $1,199,900 -- $382 / 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 $14,286 $1,309,400 $586,500 $722,900
2024 $13,639 $1,296,500 $586,500 $710,000
2023 $12,905 $1,248,100 $586,500 $661,600
2022 $12,158 $1,194,300 $558,500 $635,800
2021 $11,475 $1,126,100 $554,400 $571,700
2020 $9,906 $981,800 $554,800 $427,000
2019 $9,373 $871,100 $505,100 $366,000
2018 $8,645 $764,400 $459,200 $305,200
2017 $8,478 $726,500 $433,200 $293,300
2016 $8,193 $653,900 $386,800 $267,100
2015 $7,843 $622,000 $357,300 $264,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72436222

MLS Property Information Network (MLS PIN)

APN: SOME-000007-G000000-000026