431 Somerville Ave Somerville, MA 02143
Spring Hill NeighborhoodEstimated Value: $1,657,297
6
Beds
2
Baths
2,052
Sq Ft
$808/Sq Ft
Est. Value
About This Home
As of November 2015Rare income property opportunity in Union Square! Mixed use commercial/residential building that has been completely updated. The two apartments are certified de-leaded 3BD units with good tenants in place on one year leases averaging $2375/month in rent. The restaurant space is new paying $2500/month. Property comes with one parking space in the rear which has been rented to the restaurant owner. Renovations include subway tile bathrooms, granite counters, stainless steel appliances and new white kitchen cabinets. Rear decks offer outdoor space for the tenants. Great for tenant retention is the new central air conditioning and laundry in the building. Water is separately metered and tenants pay all utilities. Building is master keyed. The property is in a Dream location offering residents a walk across the street to Market Basket, or head further down the block to investigate Union Square and all it has to offer! There is a bus stop in front of the building.
Property Details
Home Type
Multi-Family
Year Built
1910
Lot Details
0
Listing Details
- Lot Description: Corner, Paved Drive
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1910
Interior Features
- Has Basement: Yes
- Number of Rooms: 12
- Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, University
- Electric: 100 Amps, Individually Metered
- Energy: Insulated Windows
- Flooring: Wood
- Basement: Full, Finished
Exterior Features
- Roof: Rubber
- Construction: Frame
- Exterior: Clapboard, Vinyl
- Exterior Features: Porch
- Foundation: Other (See Remarks)
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 1
Utilities
- Cooling Zones: 3
- Heat Zones: 3
- Hot Water: Natural Gas
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 3
Schools
- Elementary School: John F. Kennedy
- High School: Somerville High
Lot Info
- Zoning: 999
Multi Family
- Appliances Common: Washer, Dryer
- Cooling Units: 3
- Heat Units: 3
- Total Bedrooms: 6
- Total Floors: 6
- Total Full Baths: 2
- Total Levels: 3
- Total Rms: 11
- Total Rent_1: 7250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 2, 2020
Sold by
Huang Jun J and Huang Waan J
Bought by
Huang Ft and Huang
Total Days on Market
22
Current Estimated Value
Purchase Details
Closed on
Jun 20, 2014
Sold by
Bien-Aime Marc E and 431 Somerville Avenue
Bought by
431 Somerville Avenue
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
4.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 17, 2008
Sold by
Bien-Aime Marc E and Bien-Aime Marie D
Bought by
Bien-Aime
Purchase Details
Closed on
Dec 22, 1997
Sold by
Caputo Stefano A and Caputo Joan C
Bought by
Bien-Aime Marc E and Bien-Aime Marie C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,050
Interest Rate
7.14%
Mortgage Type
Commercial
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
Similar Homes in Somerville, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huang Ft | -- | None Available | |
| 431 Somerville Avenue | $500,000 | -- | |
| Bien-Aime | -- | -- | |
| Bien-Aime Marc E | $221,650 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adhikari Real Estate Llc | $1,090,000 | |
| Previous Owner | Huang Jun J | $400,000 | |
| Previous Owner | Rcg Development Llc | $422,000 | |
| Previous Owner | Rcg Development Llc | $400,000 | |
| Previous Owner | Bien-Aime Marc E | $505,000 | |
| Previous Owner | Bien-Aime Marc E | $144,050 | |
| Closed | Bien-Aime Marc E | $44,330 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/06/2015 11/06/15 | Sold | $1,245,000 | -4.2% | $607 / Sq Ft |
| 08/28/2015 08/28/15 | Pending | -- | -- | -- |
| 08/06/2015 08/06/15 | For Sale | $1,300,000 | -- | $634 / 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 | -- | $1,032,500 | $311,600 | $720,900 |
| 2024 | -- | $1,016,400 | $311,600 | $704,800 |
| 2023 | $0 | $981,200 | $311,600 | $669,600 |
| 2022 | $0 | $930,900 | $311,600 | $619,300 |
| 2021 | $0 | $914,200 | $311,600 | $602,600 |
| 2020 | $12,072 | $891,900 | $311,600 | $580,300 |
| 2019 | $0 | $868,700 | $296,800 | $571,900 |
| 2018 | $0 | $762,700 | $296,800 | $465,900 |
| 2017 | -- | $698,500 | $280,000 | $418,500 |
| 2016 | -- | $507,400 | $173,100 | $334,300 |
| 2015 | -- | $394,300 | $164,800 | $229,500 |
Source: Public Records
Agents Affiliated with this Home
-
John
J
Seller's Agent in 2015
John
RCG Properties
29 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71885472
APN: SOME-000063-A000000-000027
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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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