Seller's Agent in 2019
Joseph Duggan
Trinity Real Estate
(617) 230-3957
48 Total Sales
40 Otis St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $906,000 - $1,163,000
6
Beds
3
Baths
2,359
Sq Ft
$443/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Fenced Yard
- Patio
- Somerville High School Rated A-
- Porch
- 1-minute walk to Deanna Cremin Playground
About This Home
As of December 2019Fantastic investment! Attention Owner Occupants or Investors! Great location in East Somerville! Short distance to so much... Assembly Row, Sullivan Sq T, Rt 93, McGrath Hwy, Trum Field and more. This DELEADED 2 family features good sized bedrooms and hardwood floors on the 1st and 2nd floors. All separate utilities. 4-5 car parking plus 2 car garage. The house is solid and needs some updating but well worth it. Some vinyl windows and some older. 1st floor furnace newer installed in 2016 and H2O tank 2017. 2nd furnace older but in working order with H2O tank installed in 2012. 1st floor unit lease ends 4/2020 and 2nd floor unit is vacant. Basement is equipped with add'l 1/2 bath and kitchenette (without stove, as is code) and storage area. With your updates and fixing up, this property will be a money maker. Amazing opportunity to own a 2 family in East Somerville which is booming! Upcoming showings at Open house only Sat (10-26) 11-12pm.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- Year Round Access
- Fenced Yard
- Garden
Parking
- 2 Car Garage
Flooring
- Wood
- Tile
Outdoor Features
- Patio
- Rain Gutters
- Porch
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2019
Closed on
Dec 12, 2019
Sold by
Mihelis Nathan and Mihelis Dawn
Bought by
Dillaway Carrie S and Tatkow Matthew
Seller's Agent
Joseph Duggan
Trinity Real Estate
Buyer's Agent
Chelsea Gelinas
Keller Williams Realty Boston Northwest
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,392
Avg. Annual Appreciation
5.39%
Original Mortgage
$646,000
Outstanding Balance
$570,655
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$474,493
Purchase Details
Closed on
Aug 31, 2010
Sold by
Benson Frank and Benson Helia
Bought by
Mihelis Nathan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,817
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 27, 1998
Sold by
Tavares Gabriel M and Tavares Marilia O
Bought by
Benson Frank and Benson Helia
Purchase Details
Closed on
Nov 26, 1991
Sold by
Dutra Eduardo M and Dutra Maria F
Bought by
Tavares Gabriel and Tavares Marilia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dillaway Carrie S | $760,000 | None Available | |
| Mihelis Nathan | $390,000 | -- | |
| Benson Frank | $210,000 | -- | |
| Tavares Gabriel | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dillaway Carrie S | $646,000 | |
| Previous Owner | Tavares Gabriel | $20,685 | |
| Previous Owner | Mihelis Nathan | $384,817 | |
| Previous Owner | Tavares Gabriel | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2019 12/16/19 | Sold | $760,000 | 0.0% | $322 / Sq Ft |
| 10/31/2019 10/31/19 | Pending | -- | -- | -- |
| 10/09/2019 10/09/19 | Price Changed | $759,900 | -4.9% | $322 / Sq Ft |
| 10/01/2019 10/01/19 | For Sale | $799,000 | -- | $339 / 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 | $9,512 | $871,900 | $402,500 | $469,400 |
| 2024 | $8,895 | $845,500 | $402,500 | $443,000 |
| 2023 | $8,664 | $837,900 | $402,500 | $435,400 |
| 2022 | $8,105 | $796,200 | $383,400 | $412,800 |
| 2021 | $7,752 | $760,700 | $378,100 | $382,600 |
| 2020 | $7,319 | $725,400 | $363,600 | $361,800 |
| 2019 | $6,834 | $635,100 | $301,600 | $333,500 |
| 2018 | $6,001 | $530,600 | $241,200 | $289,400 |
| 2017 | $5,763 | $493,800 | $227,500 | $266,300 |
| 2016 | $5,211 | $415,900 | $159,800 | $256,100 |
| 2015 | $5,210 | $413,200 | $159,000 | $254,200 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Duggan
-
Chelsea Gelinas
Buyer's Agent in 2019
Chelsea Gelinas
Keller Williams Realty Boston Northwest
(617) 710-8393
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72573243
APN: SOME-000090-H000000-000002
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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