NOT LISTED FOR SALE

431 Somerville Ave Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $1,706,627

6 Beds
2 Baths
2,052 Sq Ft
$832/Sq Ft Est. Value

Last Sold November 06, 2015

Last sale price $1,245,000 $607 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $9,425/month

22 Days on Market

About This Home

As of November 2015

Rare 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.

Last Agent to Sell the Property

John

RCG Properties Listed on: 08/06/2015

Last Buyer's Agent

John

RCG Properties Listed on: 08/06/2015

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
Current Estimated Value
$1,706,627

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
Source: Public Records

Range of Values:

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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
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

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 -- $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

  • J

    Seller's Agent in 2015

    John

    RCG Properties

    28 Total Sales

    John
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71885472

MLS Property Information Network (MLS PIN)

APN: SOME-000063-A000000-000027

Massachusetts Middlesex County Somerville 02143 Spring Hill

431 Somerville Ave, Somerville, MA

This home is located at 431 Somerville Ave, Somerville, MA 02143 since 06 August 2015 and is currently estimated at $1,706,627, approximately $831 per square foot. This property was built in 1910. 431 Somerville Ave is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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.

MLS Property Information Network (MLS PIN) 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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