Seller's Agent in 2022
David Lilley
RE/MAX Real Estate Center
(617) 290-5868
2 in this area
144 Total Sales
471 Medford St Somerville, MA 02145
Winter Hill NeighborhoodEstimated Value: $1,373,000 - $1,607,000
7
Beds
4
Baths
3,084
Sq Ft
$480/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Park
- Somerville High School Rated A-
- Wood Flooring
- 1-minute walk to Henry O. Hansen Park
About This Home
As of April 2022This is a rare opportunity to own an enormous 3 Family Home located just .5 miles from the new Magoun Sq Green Line T Stop, providing immediate access to downtown Boston. Davis Sq, Porter Sq, Harvard, MIT, and the area's many upcoming transformative life-science projects are all close-by. This income producing property has incredible potential for Condo Conversion, Rental Property, or Multi-Generational living. The first floor is a 3-bed duplex that includes the finished, walk-out basement. The 2nd and 3rd floors are 2-beds. Each has an eat-in kitchen. The apartments are generous in size and have separate utilities, hardwood floors, vinyl replacement windows, and coin-op laundry in the basement. This property also offers a small yard, a garage for storage, and driveway parking for 1 car. You and your tenants will love this location. This is the one you’ve been waiting for. Any and all offers will be reviewed Tuesday, 3/15 at 2 PM. Please see firm remarks below.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,782
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- 3,084 Sq Ft Home
- Brick Foundation
- Frame Construction
- Shingle Roof
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Location
- Property is near public transit
- Property is near schools
Utilities
- 220 Volts
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,100
- Assessor Parcel Number M:40 B:F L:20,753250
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
- Bike Trail
Building Details
- Net Operating Income $61,200
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Guzzo Paul | $375,000 | |
| Closed | Guzzo Paul | $230,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Sold | $1,380,000 | +6.6% | $447 / Sq Ft |
| 03/15/2022 03/15/22 | Pending | -- | -- | -- |
| 03/10/2022 03/10/22 | For Sale | $1,295,000 | -- | $420 / 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 | $13,507 | $1,238,000 | $354,400 | $883,600 |
| 2024 | $12,620 | $1,199,600 | $354,400 | $845,200 |
| 2023 | $10,231 | $989,500 | $354,400 | $635,100 |
| 2022 | $9,782 | $960,900 | $337,500 | $623,400 |
| 2021 | $9,007 | $883,900 | $321,500 | $562,400 |
| 2020 | $8,412 | $833,700 | $309,100 | $524,600 |
| 2019 | $7,687 | $714,400 | $262,400 | $452,000 |
| 2018 | $6,671 | $589,800 | $253,100 | $336,700 |
| 2017 | $6,563 | $562,400 | $236,000 | $326,400 |
| 2016 | $6,420 | $512,400 | $204,100 | $308,300 |
| 2015 | $6,086 | $482,600 | $182,000 | $300,600 |
Source: Public Records
Agents Affiliated with this Home
-
David Lilley
-
Adrian Cheng
A
Buyer's Agent in 2022
Adrian Cheng
Move2Boston Group, LLC
(508) 202-2148
2 in this area
45 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72951057
APN: SOME-000040-F000000-000020
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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