NOT LISTED FOR SALE

42 Florence St Somerville, MA 02145

East Somerville Neighborhood

Estimated Value: $1,792,000

6 Beds
3 Baths
2,539 Sq Ft
$706/Sq Ft Est. Value

Last Sold January 13, 2016

Last sale price $875,000 $345 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $10,520/month

19 Days on Market

About This Home

As of January 2016

Excellent investment opportunity. RARE chance to own well-kept 3-family in East Somerville. Three 2 bed, 1 bath apartments in need of moderate makeover. Conveniently located just minutes from Downtown Boston and a short walk to the Sullivan Sq. T station. Property has had number of capital improvements in the past three years, including new roof, rear staircase, and hot water tanks. Top unit has roof deck with great city views. First showings to begin Saturday, 10/17. Seller would like to close after November 5, 2015.

Last Agent to Sell the Property

Michael Carucci

Gibson Sotheby's International Realty Listed on: 10/07/2015

Gibson Sotheby's International Realty

Last Buyer's Agent

Lawrence O'connor

Sterling Beacon Hill

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,459

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: City View(s), Fenced/Enclosed, Scenic View(s)
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, T-Station
  • Flooring: Wood
  • Basement: Full, Radon Remediation System, Concrete Floor

Exterior Features

  • Roof: Rubber
  • Construction: Brick
  • Exterior: Brick
  • Exterior Features: Deck
  • Foundation: Other (See Remarks)

Garage/Parking

  • Parking: Off-Street

Utilities

  • Hot Water: Oil
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: RB

Multi Family

  • Cooling Common: None
  • Heating Common: Hot Water Radiators, Oil
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2023
Sold by
42 Florence Street Llc
Bought by
Kolandasamy M P
Current Estimated Value
$1,792,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Outstanding Balance
$387,624
Interest Rate
6.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,404,376

Purchase Details

Closed on
Feb 17, 2023
Sold by
42 Florence Street Llc
Bought by
Reznikow Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 7, 2015
Closed on
Jan 13, 2016
Sold by
Uep Florence Llc
Bought by
Florence Street Llc
Seller's Agent
Michael Carucci
Gibson Sotheby's International Realty
Buyer's Agent
Lawrence O'connor
Sterling Beacon Hill
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$685,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 18, 2015
Closed on
Nov 5, 2015
Sold by
Coigley Joseph H
Bought by
Uep Florence Llc
Seller's Agent
Michael Carucci
Gibson Sotheby's International Realty
Buyer's Agent
Michael Carucci
Gibson Sotheby's International Realty
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
125.09%
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
Kolandasamy M P $530,000 None Available
Kolandasamy M P $530,000 None Available
Reznikow Jacob $325,000 None Available
Reznikow Jacob $325,000 None Available
Florence Street Llc $875,000 --
Florence Street Llc $875,000 --
Florence Street Llc $875,000 --
Uep Florence Llc $750,000 --
Uep Florence Llc $750,000 --
Uep Florence Llc $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolandasamy M P $397,500
Closed Kolandasamy M P $397,500
Previous Owner Reznikow Jacob $292,500
Previous Owner Florence Street Llc $685,000
Previous Owner Uep Florence Llc $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2016 01/13/16 Sold $875,000 +16.7% $345 / Sq Ft
11/05/2015 11/05/15 Sold $750,000 -16.6% $295 / Sq Ft View Prior Sale
10/26/2015 10/26/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $899,000 +12.5% $354 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
09/18/2015 09/18/15 For Sale $799,000 -- $315 / 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
2024 $13,459 $1,279,400 $333,900 $945,500
2023 $13,116 $1,268,500 $333,900 $934,600
2022 $12,568 $1,234,600 $318,000 $916,600
2021 $12,206 $1,197,800 $313,700 $884,100
2020 $11,964 $1,185,700 $301,600 $884,100
2019 $11,040 $1,026,000 $250,200 $775,800
2018 $8,712 $770,300 $200,100 $570,200
2017 $8,519 $730,000 $188,700 $541,300
2016 $5,325 $425,000 $132,600 $292,400
2015 $5,098 $404,300 $131,900 $272,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Carucci

    Seller's Agent in 2016

    Michael Carucci

    Gibson Sothebys International Realty

    (617) 901-7600

    1 in this area

    64 Total Sales

    Michael Carucci
    Section Image

  • L

    Buyer's Agent in 2016

    Lawrence O'connor

    Sterling Beacon Hill

    (617) 785-6188

    27 Total Sales

    Lawrence O'connor
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71916090

MLS Property Information Network (MLS PIN)

APN: SOME-000105-A000000-000007

Massachusetts Middlesex County Somerville 02145 East Somerville

42 Florence St, Somerville, MA

Not Listed for Sale

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