Seller's Agent in 2023
Charles Ball
Berkshire Hathaway HomeServices Commonwealth Real Estate
(617) 666-2121
4 in this area
61 Total Sales
40 Cherry St Somerville, MA 02144
Porter Square NeighborhoodEstimated Value: $1,849,000 - $2,647,000
11
Beds
6
Baths
4,003
Sq Ft
$581/Sq Ft
Est. Value
About This Home
As of October 2023Massive Porter/Davis Square triple decker is a rarely available investment opportunity. This updated blue chip asset is steps to both the MBTA Redline Porter and Davis Sq stops, 1.5 miles from both the Harvard/Radcliffe Quad and Tufts University, and just over 3 miles from Boston Financial District. With a WalkScore of 95, a BikeScore of 96, this property also has a long history of top rental production. Each unit has over 1300 sf with one 3br/1.5ba apartment and 2 4br/1.5ba units, plus assigned ample parking for 6 cars in back. Recent updates include new siding, new back decks, updated kitchens and bathrooms. Fully leased @ almost $14,000/m from 9/1/23-8/31/24. A rare opportunity to start or bolster the savvy investor's portfolio.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 06/21/2023
Last Buyer's Agent
Mo Zadeh
Media Realty Group Inc.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,979
Year Built
- Built in 1920
Lot Details
- 5,165 Sq Ft Lot
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 4,003 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 11 Bedrooms
Parking
- 6 Car Parking Spaces
- Shared Driveway
- Open Parking
- Off-Street Parking
Listing and Financial Details
- Total Actual Rent $13,350
- Assessor Parcel Number M:30 B:D L:5,751636
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $160,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 12, 2019
Sold by
Silva Peter F and Silva Edward C
Bought by
Tpm Properties Llc
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
$1,425,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2019
Sold by
Silva Peter F
Bought by
Silva Peter F and Silva Edward C
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tpm Properties Llc | -- | None Available | |
| Silva Peter F | -- | Quicksilva Title, Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tpm Properties Llc | $1,425,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2023 10/05/23 | Sold | $2,300,000 | 0.0% | $575 / Sq Ft |
| 08/29/2023 08/29/23 | Pending | -- | -- | -- |
| 06/21/2023 06/21/23 | For Sale | $2,300,000 | -- | $575 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $22,774 | $2,087,400 | $787,200 | $1,300,200 |
| 2024 | $19,704 | $1,873,000 | $787,200 | $1,085,800 |
| 2023 | $18,979 | $1,835,500 | $787,200 | $1,048,300 |
| 2022 | $18,099 | $1,777,900 | $749,800 | $1,028,100 |
| 2021 | $17,381 | $1,705,700 | $714,100 | $991,600 |
| 2020 | $16,471 | $1,632,400 | $640,800 | $991,600 |
| 2019 | $13,774 | $1,280,100 | $597,000 | $683,100 |
| 2018 | $11,817 | $1,044,800 | $542,800 | $502,000 |
| 2017 | $11,538 | $988,700 | $512,100 | $476,600 |
| 2016 | $10,065 | $803,300 | $390,300 | $413,000 |
| 2015 | $9,701 | $769,300 | $388,100 | $381,200 |
Source: Public Records
Agents Affiliated with this Home
-
Charles Ball
-
M
Buyer's Agent in 2023
Mo Zadeh
Media Realty Group Inc.
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73127326
APN: SOME-000030-D000000-000005
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.
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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