NOT LISTED FOR SALE

40 Kent St Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $1,281,000 - $1,396,000

6 Beds
3 Baths
2,457 Sq Ft
$547/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $1,195,000 $486 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,038/month

5 Days on Market

Highlights

  • Property is near public transit and schools
  • Jogging Path
  • Park
  • Somerville High School Rated A-
  • Porch
  • Shops

About This Home

As of August 2021

In a great, easy-to-rent Kirkland Village location on a residential side street, this 3-family has identical layouts on each floor each featuring 2 bedrooms, 1 bathroom, living room, and kitchen. Each unit's front door opens into the LR. Beyond the LR is an eat-in kitchen with stove, refrigerator, and cabinets. Off the kitchen is a full, tiled bathroom with tub and door to back hallway. Both bedrooms are on the left side of the units. Unfinished basement, with common washer/dryer, systems, and storage space, is accessible from back stairs. Wood and tiled floors throughout. New (2021) gas stoves in Units 1 and 3 and refrigerator in Unit 2. Owned by the same local family for 4 decades. Within walking distance of Harvard, Porter (Red Line subway/commuter rail), Inman, and Union (future GLX subway stop) Squares’ shops and restaurants. Easy commute by foot, bike, or public transit to Harvard, MIT, and Tufts Universities. Quick access to major highways and Logan Airport.

Last Agent to Sell the Property

Thalia Tringo

Thalia Tringo & Associates Real Estate, Inc. Listed on: 07/09/2021

Last Buyer's Agent

Danny Zheng

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,735

Year Built

  • Built in 1890

Lot Details

  • 2,178

Home Design

  • 2,457 Sq Ft Home
  • Brick Foundation
  • Stone Foundation
  • Rubber Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Bulkhead
  • Porch

Utilities

  • No Cooling
  • Heating Available
  • Water Heater

Additional Features

  • 2,178 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $6,300
  • Assessor Parcel Number M:45 B:C L:22,754198

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • Shops
  • Net Operating Income $75,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,735

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi 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
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Wood Flooring), Unit 3(Wood Flooring)
  • Interior Amenities: Unit 1(Bathroom With Tub), Unit 2(Ceiling Fans,Bathroom With Tub), Unit 3(Ceiling Fans,Bathroom With Tub), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Tank Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Bulkhead, Unfinished
  • Living Area: 2457
  • Stories Total: 6
  • MAIN LO: AC1102
  • MAIN SO: BB6013

Exterior Features

  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Electric Baseboard), Unit 3(Electric Baseboard)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, T-Station, University

Lot Info

  • Parcel Number: M:45 B:C L:22,754198
  • Zoning: NR
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Size Units: Acres
  • LOT SIZE: 2159

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10735

Multi Family

  • Net Operating Income: 75600
  • Number Of Units Total: 3
  • Total Actual Rent: 6300
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 27, 2021
Sold by
Norcross Rt
Bought by
Az Forest Rt
Seller's Agent
Thalia Tringo
Thalia Tringo & Associates Real Estate, Inc.
Buyer's Agent
Danny Zheng
Keller Williams Realty
List Price
$1,195,000
Sold Price
$1,195,000
Current Estimated Value
$1,343,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,333
Avg. Annual Appreciation
2.69%
Original Mortgage
$1,852,500
Outstanding Balance
$1,685,637
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$342,304
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Az Forest Rt $2,470,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Az Forest Rt $1,852,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2021 08/30/21 Sold $1,195,000 0.0% $486 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $1,195,000 -- $486 / 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 $12,756 $1,169,200 $633,000 $536,200
2024 $12,053 $1,145,700 $633,000 $512,700
2023 $11,786 $1,139,800 $633,000 $506,800
2022 $11,196 $1,099,800 $602,800 $497,000
2021 $10,735 $1,053,500 $574,100 $479,400
2020 $10,408 $1,031,500 $552,100 $479,400
2019 $9,571 $889,500 $468,800 $420,700
2018 $8,317 $735,400 $426,200 $309,200
2017 $7,930 $679,500 $386,000 $293,500
2016 $7,942 $633,800 $379,400 $254,400
2015 $7,374 $584,800 $350,000 $234,800
Source: Public Records

Agents Affiliated with this Home

  • Thalia Tringo

    Seller's Agent in 2021

    Thalia Tringo

    Thalia Tringo & Associates Real Estate, Inc.

    (617) 513-1967

    11 in this area

    106 Total Sales

    Thalia Tringo
    Section Image
  • Danny Zheng

    Buyer's Agent in 2021

    Danny Zheng

    Keller Williams Realty

    (832) 668-9712

    3 in this area

    253 Total Sales

    Danny Zheng
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72863398

MLS Property Information Network (MLS PIN)

APN: SOME-000045-C000000-000022

Massachusetts Middlesex County Somerville 02143 Spring Hill

40 Kent St, Somerville, MA

Not Listed for Sale

MultiFamily

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