Marie Presti
Barrett Sotheby's International Realty
(857) 336-1481
99 Total Sales
1 in East Somerville
$1,275,000 Price
48 Franklin St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $1,214,605
6
Beds
4
Baths
2,843
Sq Ft
$427/Sq Ft
Est. Value
Highlights
- City View
- Deck
- Wood Flooring
- Somerville High School Rated A-
- Property is near public transit and schools
- 2-minute walk to Glen Park
About This Home
As of June 2023This two unit plus in-law 6-bed 4-bath in East Somerville is a great opportunity for an investment property, condo conversion, or owner-occupied home! Excellently located right off Washington street and 93, it’s within close walking distance to the new East Somerville green line stop, Sullivan Square, and an array of restaurants and entertainment options just a jaunt down Washington Street in Somerville's Union Square. Both units feature spacious bedrooms, ample closet and storage space, and plenty of sunlight. Walk out of the first floor to a sizable fenced-in yard with garden space, perennial grape vines, and city views.. it’s a must-see! Property being sold as-is. Please follow offer instructions attached. OH on Sunday 4/23/2023 has been CANCELED
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,328
Year Built
- Built in 1890
Lot Details
- 3,920
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,843 Sq Ft Home
- Property has 2 Levels
- Insulated Windows
- Insulated Doors
- Mud Room
- Wood Flooring
- City Views
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Bulkhead
- Deck
Schools
- Capuano Elementary School
- Comunity Middle School
- Somerville High School
Utilities
- 200+ Amp Service
- Natural Gas Connected
- Gas Water Heater
Additional Features
- 3,920 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $5,000
- Legal Lot and Block 21 / D
- Assessor Parcel Number 761164
Community Details
Recreation
- Park
- Bike Trail
Additional Features
- 2 Units
- Shops
- Net Operating Income $60,000
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
Listed on
Mar 29, 2023
Closed on
Jun 5, 2023
Sold by
Cabral Victor and Cabral Mariza
Bought by
Seller's Agent
Victor Cabral
J. Barrett & Company
Buyer's Agent
Pietro Coco
Ivy Realty Group
List Price
$970,000
Sold Price
$980,000
Premium/Discount to List
$10,000
1.03%
Views
276
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,605
Avg. Annual Appreciation
6.70%
Original Mortgage
$784,000
Outstanding Balance
$753,595
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$461,010
Purchase Details
Closed on
Feb 28, 1997
Sold by
Leary John P and Leary Grace C
Bought by
Cabral Victor and Cabral Mariza
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Somerville, MA
-
Marie Presti
-
Gary Rogers
Gary Rogers
RE/MAX On the Charles
(857) 663-0335
67 Total Sales
1 in East Somerville
$630,000 Price
-
Rachel Hillman Foy
Rachel Hillman Foy
Hillman Homes
(774) 806-8325
136 Total Sales
2 in East Somerville
$690K - $760K Price Range
-
Bob Raiche
Bob Raiche
LAER Realty Partners
(781) 776-5710
60 Total Sales
1 in East Somerville
$820,000 Price
-
Jennifer Schneider
Jennifer Schneider
Century 21 Elite Realty
(781) 549-9402
105 Total Sales
1 in East Somerville
$1,075,000 Price
-
The Baker Team .
The Baker Team .
Keller Williams Realty
(781) 661-5797
94 Total Sales
1 in East Somerville
$2,150,000 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 |
|---|---|---|---|
| $980,000 | None Available | ||
| Cabral Victor | $82,000 | -- |
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 | $784,000 | ||
| Previous Owner | Cabral Victor | $250,000 | |
| Closed | Cabral Victor | $60,000 | |
| Closed | Cabral Mariza | $377,000 | |
| Previous Owner | Cabral Victor | $250,000 |
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 |
|---|---|---|---|---|
| 06/05/2023 06/05/23 | Sold | $980,000 | +1.0% | $345 / Sq Ft |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- |
| 03/29/2023 03/29/23 | For Sale | $970,000 | -- | $341 / 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 | $10,253 | $939,800 | $410,700 | $529,100 |
| 2024 | $9,755 | $927,300 | $410,700 | $516,600 |
| 2023 | $9,897 | $957,200 | $410,700 | $546,500 |
| 2022 | $9,328 | $916,300 | $391,200 | $525,100 |
| 2021 | $8,984 | $881,600 | $385,800 | $495,800 |
| 2020 | $8,450 | $837,500 | $371,000 | $466,500 |
| 2019 | $7,615 | $707,700 | $307,800 | $399,900 |
| 2018 | $6,603 | $583,800 | $246,100 | $337,700 |
| 2017 | $6,498 | $556,800 | $232,200 | $324,600 |
| 2016 | $5,746 | $458,600 | $163,100 | $295,500 |
Source: Public Records
Agents Affiliated with this Home
-
Victor Cabral
Seller's Agent in 2023
Victor Cabral
J. Barrett & Company
(617) 767-9180
1 in this area
2 Total Sales
-
Pietro Coco
Buyer's Agent in 2023
Pietro Coco
Ivy Realty Group
(617) 234-1732
1 in this area
12 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73092267
APN: SOME-000104-D000000-000021
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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