NOT LISTED FOR SALE

Estimated Value: $1,022,000 - $1,100,000

4 Beds
2 Baths
1,700 Sq Ft
$626/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $900,000 $529 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,354/month

23 Days on Market

Highlights

  • Property is near public transit and schools
  • Wood Flooring
  • Cooling Available
  • Somerville High School Rated A-
  • Enclosed Patio or Porch
  • 5-minute walk to Albion Park

About This Home

As of September 2021

Great unique opportunity to own this multi-family in Somerville. This unique property is Centrally located to Davis Square, Porter Square and Magoon Square. The first floor features a large bedroom, updated kitchen, good size bathroom and a second bedroom located on the rear of the unit. Easy access to a paved patio from this floor from the kitchen. The first floor is rented with a lease ending on 7/30/21. The second floor is currently vacant, newly painted and beautifully renovated bathroom. The second floor features two good size bedrooms plus an area that can be used as an office. Large eat in kitchen and easy access to the shared paved patio from this level as well via the back stairs. Besides the closeness to all the Squares this unique multi-family is close to Somerville bike path & future Green Line extension stop.

Last Agent to Sell the Property

Judy Joa

Centre Realty Group Listed on: 07/05/2021

Centre Realty Group

Last Buyer's Agent

Kate Duggan

Bostonia Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,791

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 3-Story Property
  • Insulated Windows
  • Washer
  • Unfinished Basement

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling Available
  • Heating Available
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Enclosed Patio or Porch
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,300
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 752183

Community Details

Recreation

  • Bike Trail

Building Details

  • Water Sewer Expense $1,169
  • Operating Expense $1,169
  • Net Operating Income $51,600

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,791

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Varies Per Unit,Hardwood, Unit 1(undefined)
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Unfinished
  • Living Area: 1700
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: BB5200
  • MAIN SO: AN1006

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch, Patio, Patio - Enclosed
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(Central Air), Unit 2(Window AC)
  • Heating: Unit 1(Gas), Unit 2(Electric Baseboard)
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Bike Path, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Water Sewer Expenses: 1169

Lot Info

  • Parcel Number: 752183
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 3240

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7791.27

Multi Family

  • Net Operating Income: 51600
  • Number Of Units Total: 2
  • Operating Expense: 1169
  • Total Actual Rent: 4300
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2021
Closed on
Sep 7, 2021
Sold by
Tsang Paul and Diep Thuyen
Bought by
Nett Harvey J and Beecher Robert E
Seller's Agent
Judy Joa
Centre Realty Group
Buyer's Agent
Kate Duggan
Bostonia Properties
List Price
$924,000
Sold Price
$900,000
Premium/Discount to List
-$24,000
-2.6%
Current Estimated Value
$1,063,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,877
Avg. Annual Appreciation
3.97%
Original Mortgage
$720,000
Outstanding Balance
$654,169
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$409,709

Purchase Details

Listed on
Sep 4, 2013
Closed on
Nov 4, 2013
Sold by
Lovell Todd M and Lovell Margaret K
Bought by
Tsang Paul and Diep Thuyen
Seller's Agent
Ilya Rasner
Keller Williams Realty Boston-Metro | Back Bay
Buyer's Agent
Kenny Yang
Denkar Realty Group
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$401,250
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2007
Sold by
Pareja Jose L and Pareja Roxanna E
Bought by
Kociemba Margaret K and Lovell Todd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 1997
Sold by
Marvalles Rt and Dwight Maria B
Bought by
Pareja Jose L and Pareja Roxana E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nett Harvey J $900,000 None Available
Tsang Paul $535,000 --
Tsang Paul $535,000 --
Kociemba Margaret K $430,000 --
Pareja Jose L $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nett Harvey J $720,000
Previous Owner Tsang Paul $401,250
Previous Owner Pareja Jose L $333,630
Previous Owner Kociemba Margaret K $344,000
Previous Owner Pareja Jose L $4,112,500
Previous Owner Pareja Jose L $232,039
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2021 09/07/21 Sold $900,000 -2.6% $529 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $924,000 +72.7% $544 / Sq Ft
11/04/2013 11/04/13 Sold $535,000 +2.9% $315 / Sq Ft View Prior Sale
10/05/2013 10/05/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $519,900 -- $306 / 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 $9,568 $877,000 $574,800 $302,200
2024 $9,059 $861,100 $574,800 $286,300
2023 $8,854 $856,300 $574,800 $281,500
2022 $8,195 $805,000 $547,400 $257,600
2021 $7,791 $764,600 $521,300 $243,300
2020 $7,466 $739,900 $501,300 $238,600
2019 $6,829 $634,700 $435,900 $198,800
2018 $6,770 $598,600 $396,300 $202,300
2017 $6,522 $558,900 $373,900 $185,000
2016 $6,732 $537,300 $341,900 $195,400
2015 $6,613 $524,400 $340,100 $184,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72858577

MLS Property Information Network (MLS PIN)

APN: SOME-000034-C000000-000014