NOT LISTED FOR SALE

48 Belmont St Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $1,585,000 - $1,709,475

7 Beds
3 Baths
3,368 Sq Ft
$491/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $1,400,000 $416 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,982/month

28 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Porch
  • Somerville High School Rated A-
  • Jogging Path
  • 1-minute walk to Bailey Park

About This Home

As of March 2022

Long time family owned home offers many original charming Victorian details inclusive of natural woodwork, gleaming hardwood floors, unique and decorative oversized built in dining room hutches, spacious rooms, high ceilings, large eat in kitchens and semi modern baths, Front and Rear porches, and 3c tandem parking within close proximity to Cambridge and Porter Sq. Note: Agent accompanied group shows scheduled

Last Agent to Sell the Property

The iBremis Team

LAER Realty Partners Listed on: 11/02/2021

LAER Realty Partners

Co-Listed By

Irene Bremis

LAER Realty Partners

Last Buyer's Agent

Patti Salem

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,955

Year Built

  • Built in 1885

Lot Details

  • 4,356

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,368 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Somerville High School

Utilities

  • 2 Heating Zones
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Porch
  • 4,356 Sq Ft Lot

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,955

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1885
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dryer), Unit 2(Range,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 3368
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 443.88
  • PRICE PER Sq Ft: 415.68
  • MAIN SO: AN2383

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers, 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4457
  • PAGE: 0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10955.27
  • Tax Book Number: 0

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Somerville High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Mar 9, 2022
Sold by
Lynch John F 3Rd Est
Bought by
Lumpau Renat V and Neuman Anna M
Seller's Agent
The iBremis Team
LAER Realty Partners
Buyer's Agent
Patti Salem
Compass
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%
Current Estimated Value
$1,610,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,495
Avg. Annual Appreciation
3.99%
Original Mortgage
$1,259,860
Outstanding Balance
$1,187,571
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$412,701
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
Lumpau Renat V $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lumpau Renat V $1,259,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $1,400,000 -6.4% $416 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $1,495,000 -- $444 / 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 $13,965 $1,280,000 $635,500 $644,500
2024 $12,894 $1,225,700 $635,500 $590,200
2023 $12,255 $1,185,200 $635,500 $549,700
2022 $11,538 $1,133,400 $605,200 $528,200
2021 $10,955 $1,075,100 $576,400 $498,700
2020 $10,326 $1,023,400 $554,200 $469,200
2019 $9,513 $884,100 $481,900 $402,200
2018 $8,714 $770,500 $438,100 $332,400
2017 $8,551 $732,700 $413,300 $319,400
2016 $8,381 $668,900 $378,000 $290,900
2015 $8,377 $664,300 $376,000 $288,300
Source: Public Records

Agents Affiliated with this Home

  • The iBremis Team

    Seller's Agent in 2022

    The iBremis Team

    Laer Realty

    (617) 905-5232

    3 in this area

    41 Total Sales

    Section Image
  • Irene Bremis

    Seller Co-Listing Agent in 2022

    Irene Bremis

    Laer Realty

    (617) 460-2208

    1 in this area

    18 Total Sales

    Section Image
  • Patti Salem

    Buyer's Agent in 2022

    Patti Salem

    Compass

    (617) 910-7677

    1 in this area

    49 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72915252

MLS Property Information Network (MLS PIN)

APN: SOME-000038-E000000-000028

Massachusetts Middlesex County Somerville 02143 Spring Hill

48 Belmont St, Somerville, MA

This home is located at 48 Belmont St, Somerville, MA 02143 since 02 November 2021 and is currently estimated at $1,652,619, approximately $490 per square foot. This property was built in 1885. 48 Belmont St 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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