Barbara Wales
Engel & Volkers Newton
(781) 512-8233
103 Total Sales
1 in Prospect Hill
$865,000 Price
431 Somerville Ave Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,659,875
6
Beds
2
Baths
2,052
Sq Ft
$809/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.
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Property Details
Home Type
Multi-Family
Year Built
1910
Lot Details
3,049 Sq Ft Lot
Listing Details
- Lot Description: Corner, Paved Drive
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 4
- 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
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 8, 2024
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Outstanding Balance
$1,060,887
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$598,988
Purchase Details
Closed on
Jun 2, 2020
Sold by
Bought by
Purchase Details
Listed on
Aug 6, 2015
Closed on
Oct 30, 2015
Sold by
Bought by
Seller's Agent
John
RCG Properties
Buyer's Agent
John
RCG Properties
List Price
$1,300,000
Sold Price
$1,245,000
Premium/Discount to List
-$55,000
-4.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.70%
Original Mortgage
$400,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 20, 2014
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Dec 22, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Prospect Hill, MA
-
Barbara Wales
-
Brian Caluori
Brian Caluori
Gibson Sotheby's International Realty
(781) 488-7488
91 Total Sales
1 in Prospect Hill
$825,000 Price
-
The Young Group
The Young Group
Leopold & McMasters Realty
(339) 333-8140
74 Total Sales
1 in Prospect Hill
$756,000 Price
-
Paul Connolly
Paul Connolly
1M Realty LLC
(339) 300-9513
39 Total Sales
4 in Prospect Hill
$630K - $1.2M Price Range
-
Kiki Williams
Kiki Williams
Coldwell Banker Realty - Newton
(857) 386-7165
15 Total Sales
1 in Prospect Hill
$1,335,000 Price
-
Rachel Hillman Foy
Rachel Hillman Foy
Hillman Homes
(774) 806-8325
138 Total Sales
1 in Prospect Hill
$1,670,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,600,000 | None Available | ||
| -- | None Available | ||
| $1,245,000 | -- | ||
| $500,000 | -- | ||
| $562,500 | -- | ||
| -- | -- | ||
| $221,650 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,090,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $422,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $505,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
13 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71885472
APN: SOME-000063-A000000-000027
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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