NOT LISTED FOR SALE

Estimated Value: $1,078,000 - $1,294,000

5 Beds
3 Baths
2,260 Sq Ft
$527/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $970,000 $429 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,100/month

6 Days on Market

About This Home

As of April 2020

Calling all developers, investors, and owner-occupants! One of Somerville's great opportunities with expansion potential to double its living area square footage. Amazing location for commuters, just minutes from Orange & Red Line T-stops, the 101 and 89 buses pick up right behind the building, and easy access to I-93. Both units offer hardwood floors, abundant natural light, and upgrading over the years. During ownership this property has been re-wired, had both kitchens upgraded, and seen a new furnace installed as well as a new water heater. Rear 2-level porch was also rebuilt in 2018. Spacious basement is perfect for storage, offers laundry and a third full bath! Ample storage space in attic for added bonus. Don't forget about the large back yard space, a rare commodity in Somerville! You won't want to miss this opportunity!

Last Agent to Sell the Property

Joseph Pollack

Redfin Corp. Listed on: 03/11/2020

Redfin Corp.

Last Buyer's Agent

Claudia Lavin Rodriguez

Luxury Realty Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,098

Outdoor Features

  • Rain Gutters
  • Porch

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:47 B:G L:17

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 387.17
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: NB3534
  • Main So: NB3534
  • Estimated Sq Ft: 2260.00

Exterior Features

  • Construction: Frame
  • Roof Material: Slate
  • Exterior: Aluminum
  • Exterior Features: Porch, Gutters
  • Foundation: Granite

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Swimming Pool, Tennis Court, Park, Public School

Lot Info

  • Assessments: 626900.00
  • Acre: 0.14
  • Lot Size: 6160.00
  • Page: 342
  • Parcel Number: M:47 B:G L:17
  • Zoning: RB

Green Features

  • Energy Features: Insulated Windows, Storm Windows

Multi Family

  • Heat Units: 2
  • Total Levels: 2
  • Total Rent: 2700
  • Total Rms: 11
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 6325.00
  • Assessor Parcel Number: 754540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Apr 9, 2020
Sold by
Kane Kristin M and Fernandez Peter
Bought by
Palermo Adam T and Palermo Rebecca
Seller's Agent
Joseph Pollack
Redfin Corp.
Buyer's Agent
Claudia Lavin Rodriguez
Luxury Realty Partners
List Price
$875,000
Sold Price
$970,000
Premium/Discount to List
$95,000
10.86%
Current Estimated Value
$1,190,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,543
Avg. Annual Appreciation
3.63%
Original Mortgage
$776,000
Outstanding Balance
$681,754
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$508,789

Purchase Details

Closed on
Jan 14, 2011
Sold by
Rodrigues Manuel V and Dacova Clarisse V
Bought by
Kane Kristin Marie and Fernandez Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,367
Interest Rate
4.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palermo Adam T $970,000 None Available
Kane Kristin Marie $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palermo Adam T $776,000
Previous Owner Kane Kristin Marie $370,367
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2020 04/17/20 Sold $970,000 +10.9% $429 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $875,000 -- $387 / 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 $10,491 $961,600 $363,600 $598,000
2024 $9,786 $930,200 $363,600 $566,600
2023 $9,519 $920,600 $363,600 $557,000
2022 $7,460 $732,800 $346,300 $386,500
2021 $7,433 $729,400 $314,500 $414,900
2020 $6,325 $626,900 $302,500 $324,400
2019 $5,647 $524,800 $254,500 $270,300
2018 $5,517 $487,800 $231,400 $256,400
2017 $5,283 $452,700 $218,200 $234,500
2016 $5,323 $424,800 $177,200 $247,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72631545

MLS Property Information Network (MLS PIN)

APN: SOME-000047-G000000-000017