NOT LISTED FOR SALE

Estimated Value: $1,464,000 - $1,884,417

5 Beds
2 Baths
2,829 Sq Ft
$559/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $729,000 $258 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $9,579/month

24 Days on Market

About This Home

As of September 2016

On Spring Hill ,this attached two family home c.1840 was made into 2 units many years ago and has been used that way for many years and is registered with the City of Somerville as a 2 family. The house has been occupied for 40 plus years by the same family and needs a considerable amount of work . Presently vacant, it has some hard wood and soft pine floors, separate systems, over 2900 sf of living area, some period detail, half of a cupola on the top of the roof, nice side and rear yard and super potential for a developer or investor. NOTE: THIS PROPERTY SHARES A COMMON WATER AND SEWER LINE WITH THE OTHER SIDE OF THE HOUSE WHICH IS PRESENTLY 3 CONDO UNITS AND PAYS 40% OF THE WATER AND SEWER BILL; Would make a beautiful single once again or great for an owner occupant looking for great rental income.

Last Agent to Sell the Property

Gary Vrotsos

Coldwell Banker Realty - Cambridge Listed on: 07/06/2016

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

Matthew Zborezny

Redfin Corp.

Redfin Corp.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,507

Year Built

1840

Lot Details

0

Listing Details

  • Lot Description: Fenced/Enclosed, Level
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1840

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 13
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood
  • Basement: Unfinished Basement
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl, Asbestos
  • Exterior Features: Porch, Patio, Fenced Yard, Garden Area
  • Foundation: Brick

Garage/Parking

  • Parking: Off-Street, On Street Permit
  • Parking Spaces: 2

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: res

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 3
  • Total Rms: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2016
Closed on
Sep 9, 2016
Sold by
Judge Mary B Est
Bought by
Martinez Jeffrey D and Realf Annabel L
Seller's Agent
Gary Vrotsos
Coldwell Banker Realty - Cambridge
Buyer's Agent
Matthew Zborezny
Redfin Corp.
List Price
$729,000
Sold Price
$729,000
Current Estimated Value
$1,580,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$851,104
Avg. Annual Appreciation
8.72%
Original Mortgage
$533,000
Outstanding Balance
$426,423
Interest Rate
3.48%
Mortgage Type
Unknown
Estimated Equity
$1,153,681
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
Martinez Jeffrey D $729,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Jeffrey D $533,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2016 09/09/16 Sold $729,000 0.0% $258 / Sq Ft
07/30/2016 07/30/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $729,000 -- $258 / 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 $15,507 $1,421,400 $610,300 $811,100
2024 $14,463 $1,374,800 $610,300 $764,500
2023 $14,078 $1,361,500 $610,300 $751,200
2022 $13,159 $1,292,600 $581,300 $711,300
2021 $12,348 $1,211,800 $553,600 $658,200
2020 $11,643 $1,153,900 $532,300 $621,600
2019 $8,642 $803,200 $462,900 $340,300
2018 $6,806 $601,800 $420,800 $181,000
2017 $7,920 $678,700 $397,000 $281,700
2016 $7,037 $561,600 $290,400 $271,200
2015 $7,036 $558,000 $288,900 $269,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72033658

MLS Property Information Network (MLS PIN)

APN: SOME-000044-J000000-000005