NOT LISTED FOR SALE

48 Cherry St Medford, MA 02155

Glenwood Neighborhood

Estimated Value: $961,045 - $1,210,000

5 Beds
2 Baths
2,426 Sq Ft
$442/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $860,000 $354 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,330/month

4 Days on Market

About This Home

As of June 2020

Don't miss out on this amazing two-family located in the heart of Medford. This fantastic home has been nicely updated for all your needs. The first floor features two great sized bedrooms, a large kitchen, an open concept dining room/living room, and an enclosed porch. The second floor features three good sized bedrooms, an open concept living room/dining room, gorgeous kitchen, and an enclosed porch. Updates include new siding in 2018, new boilers for both units in 2017, a new roof in 2014, and much more. On top of all the amazing interior features of this home, you are located in walking distance of Medford Square and very close to the commuter rail and other forms of public transportation. This two-family has everything you could ever want. Don't miss out on a great investment opportunity!

Last Agent to Sell the Property

Gerald Mullen

NextHome Signature Realty Listed on: 05/27/2020

NextHome Signature Realty

Last Buyer's Agent

Laurie Devereaux

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,437

Year Built

  • Built in 1903

Lot Details

  • 3,920

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:J-13 B:0035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,437

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 337.59
  • Comp Based On: Net Sale Price
  • Year Built: 1903
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1903

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 11
  • Rms Common: Mudroom
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: AN3676
  • Main So: B92101
  • Estimated Sq Ft: 2426.00

Exterior Features

  • Exterior Features: Porch, Porch - Enclosed, Gutters
  • Foundation: Fieldstone

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Highway Access, T-Station
  • App Common: Washer, Dryer

Lot Info

  • Assessments: 666200.00
  • Acre: 0.09
  • Lot Size: 3774.00
  • Page: 334
  • Parcel Number: M:J-13 B:0035
  • Zoning: RES
  • Lot Description: Corner, Paved Drive

Multi Family

  • Total Levels: 2
  • Total Rent: 2300
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 6116.00
  • Assessor Parcel Number: 635539

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Jun 30, 2020
Sold by
Bean Luke C
Bought by
Sullivan Kathleen A and Sullivan Lauren
Seller's Agent
Gerald Mullen
NextHome Signature Realty
Buyer's Agent
Laurie Devereaux
Century 21 North East
List Price
$819,000
Sold Price
$860,000
Premium/Discount to List
$41,000
5.01%
Current Estimated Value
$1,071,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,761
Avg. Annual Appreciation
4.18%
Original Mortgage
$645,000
Outstanding Balance
$579,261
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$485,365

Purchase Details

Closed on
Sep 20, 2016
Sold by
Bean Pods Llc
Bought by
Bean Luke C

Purchase Details

Closed on
Aug 18, 2015
Sold by
Bean Luke C
Bought by
Bean Pods Llc

Purchase Details

Listed on
Sep 10, 2013
Closed on
Nov 7, 2013
Sold by
Kelly Brian and Kelly C M
Bought by
Bean Luke C
Seller's Agent
Kim Perrotti
Leading Edge Real Estate
Buyer's Agent
Jess Wagner
Keller Williams Realty Boston Northwest
List Price
$439,900
Sold Price
$460,000
Premium/Discount to List
$20,100
4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$437,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2013
Closed on
Oct 28, 2013
Sold by
Rizzo David F
Bought by
Kelly Brian and Kelly C M
Seller's Agent
Kim Perrotti
Leading Edge Real Estate
Buyer's Agent
Jess Wagner
Keller Williams Realty Boston Northwest
List Price
$439,900
Sold Price
$460,000
Premium/Discount to List
$20,100
4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2003
Sold by
Rizzo Annamaria C and Desimone Annamaria C
Bought by
Kelly Brian and Kelly Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 1994
Sold by
T G and T L
Bought by
Desimone Annamarie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Sullivan Kathleen A $860,000 None Available
Bean Luke C -- --
Bean Pods Llc -- --
Bean Luke C $460,000 --
Bean Luke C $460,000 --
Kelly Brian -- --
Kelly Brian $440,000 --
Desimone Annamarie C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Kathleen A $645,000
Previous Owner Bean Luke C $437,000
Previous Owner Kelly Brian $472,000
Previous Owner Kelly Brian $418,000
Previous Owner Rizzo David F $175,000
Previous Owner Desimone Annamarie C $40,000
Previous Owner Desimone Annamarie C $148,000
Previous Owner Desimone Annamarie C $10,615
Previous Owner Desimone Annamarie C $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $860,000 +5.0% $354 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $819,000 +78.0% $338 / Sq Ft
11/07/2013 11/07/13 Sold $460,000 +4.6% $184 / Sq Ft
10/08/2013 10/08/13 Pending -- -- --
09/10/2013 09/10/13 For Sale $439,900 -- $176 / 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 $7,437 $872,900 $307,200 $565,700
2024 $7,437 $872,900 $307,200 $565,700
2023 $7,292 $843,000 $287,100 $555,900
2022 $7,360 $816,900 $261,000 $555,900
2021 $6,909 $734,200 $248,500 $485,700
2020 $6,116 $666,200 $248,500 $417,700
2019 $5,822 $606,500 $225,900 $380,600
2018 $5,534 $540,400 $205,400 $335,000
2017 $5,191 $491,600 $192,000 $299,600
2016 $5,060 $452,200 $174,500 $277,700
2015 $4,847 $414,300 $166,200 $248,100
Source: Public Records

Agents Affiliated with this Home

  • Gerald Mullen

    Seller's Agent in 2020

    Gerald Mullen

    NextHome Signature Realty

    (781) 352-0403

    1 in this area

    113 Total Sales

    Gerald Mullen
    Section Image

  • L

    Buyer's Agent in 2020

    Laurie Devereaux

    Century 21 North East

    (781) 864-3786

    3 in this area

    49 Total Sales

    Laurie Devereaux
    Section Image
  • Kim Perrotti

    Seller's Agent in 2013

    Kim Perrotti

    Leading Edge Real Estate

    (781) 254-5527

    132 Total Sales

    Kim Perrotti
    Section Image
  • Jess Wagner

    Buyer's Agent in 2013

    Jess Wagner

    Keller Williams Realty Boston Northwest

    (978) 828-5699

    47 Total Sales

    Jess Wagner
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72662563

MLS Property Information Network (MLS PIN)

APN: MEDF-000013-000000-J000035

Massachusetts Middlesex County Medford 02155 Glenwood

48 Cherry St, Medford, MA

This home is located at 48 Cherry St, Medford, MA 02155 since 27 May 2020 and is currently estimated at $1,071,761, approximately $441 per square foot. This property was built in 1903. 48 Cherry St is a home located in Middlesex County with nearby schools including Medford High School, Mystic Valley Regional Charter School, and St. Joseph 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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