NOT LISTED FOR SALE

49 Porter St Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $1,729,276 - $2,204,000

12 Beds
3 Baths
4,110 Sq Ft
$471/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $1,775,000 $432 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,418/month

9 Days on Market

About This Home

As of January 2017

New rare to find fully leased 3 family in coveted Porter Sq. Walking to Porter T stop, bars and excellent culinary cuisines. Blocks away from the Cambridge Line. Excellent rental location and long term upside potential. All units leased until Aug 31, 2017, with 7% escalation clauses if renewed for 2018, turnkey property. Strong credited tenants. Collect positive cash flow from Day 1. Two of three units are in renovated condition with the potential to upgrade Unit 1 and increase income. HW floors. Utilities individually metered, spacious rooms, Maintenance free Vinyl Siding, Laundry coin-op basement 55/mo income, 2nd Floor unit Includes is off-street parking for 150/mo. Large Fenced in yard, Front & Back decks off units. See attached Flr Plan. Open House Thur 12/1 (1p-2pm), Sun 12/4 (1-2pm), Wed 12/7 (1-2p). Only showings @ OH, bids due Thur 12/8 @ Noon

Last Agent to Sell the Property

Tony Madan

Boston Investments Listed on: 11/30/2016

Last Buyer's Agent

Tony Madan

Boston Investments Listed on: 11/30/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,528

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Insc: 2585
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 18
  • Flooring: Wood
  • Total Levels: 3

Exterior Features

  • Foundation: Brick

Garage/Parking

  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 41

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: 0

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 12
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 18
  • Total Rent_1: 11375

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 6, 2017
Sold by
Elm Rogers Llc
Bought by
Tiancheng Inatl Group
Seller's Agent
Tony Madan
Boston Investments
Buyer's Agent
Tony Madan
Boston Investments
List Price
$1,600,000
Sold Price
$1,775,000
Premium/Discount to List
$175,000
10.94%
Current Estimated Value
$1,934,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,569
Avg. Annual Appreciation
0.93%

Purchase Details

Closed on
Apr 13, 2007
Sold by
Carvalho Filomena Est and Chaves Beatrice
Bought by
Elm Rogers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,000
Interest Rate
6.24%
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
Tiancheng Inatl Group $1,775,000 --
Elm Rogers Llc $684,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Go Davis Llc $1,250,000
Previous Owner Elm Rogers Llc $1,087,500
Previous Owner Elm Rogers Llc $1,087,500
Previous Owner Elm Rogers Llc $600,000
Previous Owner Elm Rogers Llc $603,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $1,775,000 +10.9% $432 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $1,600,000 -- $389 / 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 $22,528 $2,064,900 $612,500 $1,452,400
2024 $21,054 $2,001,300 $612,500 $1,388,800
2023 $20,529 $1,985,400 $612,500 $1,372,900
2022 $19,643 $1,929,600 $583,300 $1,346,300
2021 $18,894 $1,854,200 $555,500 $1,298,700
2020 $18,494 $1,832,900 $534,200 $1,298,700
2019 $17,260 $1,604,100 $464,500 $1,139,600
2018 $12,189 $1,077,700 $422,300 $655,400
2017 $11,909 $1,020,500 $398,400 $622,100
2016 $11,322 $903,600 $364,400 $539,200
2015 $10,846 $860,100 $362,400 $497,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tony Madan

    Boston Investments

    (617) 702-2261

    1 Total Sale

    Tony Madan
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72097234

MLS Property Information Network (MLS PIN)

APN: SOME-000038-A000000-000035

Massachusetts Middlesex County Somerville 02143 Spring Hill

49 Porter St, Somerville, MA

This home is located at 49 Porter St, Somerville, MA 02143 since 30 November 2016 and is currently estimated at $1,934,569, approximately $470 per square foot. This property was built in 1900. 49 Porter St is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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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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