Brian McMahon
Rutledge Properties
(781) 381-4314
30 Total Sales
2 in Spring Hill
$930K - $1.8M Price Range
49 Porter St Somerville, MA 02143
Spring Hill NeighborhoodEstimated Value: $2,228,000 - $2,372,000
12
Beds
3
Baths
4,110
Sq Ft
$565/Sq Ft
Est. Value
About This Home
As of January 2017New 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
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Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
3,920 Sq Ft Lot
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
- Stories: 3
- 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
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
Closed on
Jun 1, 2022
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,169,871
Interest Rate
5.1%
Mortgage Type
Commercial
Estimated Equity
$1,150,462
Purchase Details
Listed on
Nov 30, 2016
Closed on
Jan 6, 2017
Sold by
Bought by
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%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Purchase Details
Closed on
Apr 13, 2007
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Spring Hill, MA
-
Brian McMahon
-
Brody Murphy Novak Group
Brody Murphy Novak Group
Douglas Elliman Real Estate - Park Plaza
(781) 661-6002
38 Total Sales
1 in Spring Hill
$820,000 Price
-
Bart Foster
Bart Foster
Keller Williams Realty Boston-Metro | Back Bay
(857) 856-7950
26 Total Sales
2 in Spring Hill
$308K - $750K Price Range
-
Rhonda Stone
Rhonda Stone
Keller Williams Realty-Merrimack
(978) 850-3159
201 Total Sales
1 in Spring Hill
$1,080,000 Price
-
Michelle Doyle
Michelle Doyle
Flow Realty, Inc.
(978) 690-4362
51 Total Sales
1 in Spring Hill
$500,000 Price
-
Minka vanBeuzekom
Minka vanBeuzekom
Coldwell Banker Realty - Cambridge
(617) 657-2667
55 Total Sales
3 in Spring Hill
$620K - $1.8M Price Range
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 |
|---|---|---|---|
| $1,700,000 | None Available | ||
| $1,775,000 | -- | ||
| $684,250 | -- |
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 | $1,250,000 | ||
| Previous Owner | $1,087,500 | ||
| Previous Owner | $1,087,500 | ||
| Previous Owner | $600,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
-
Tony Madan
T
Seller's Agent in 2017
Tony Madan
Boston Investments
(617) 702-2261
1 Total Sale
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72097234
APN: SOME-000038-A000000-000035
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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