Seller's Agent in 2021
Michael Cohen
Compass
(617) 852-1160
7 in this area
52 Total Sales
5 School St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,210,000 - $1,250,000
27
Beds
15
Baths
11,106
Sq Ft
$111/Sq Ft
Est. Value
Highlights
- 0.24 Acre Lot
- Deck
- Porch
- Somerville High School Rated A-
- Property is near public transit and schools
- 1-minute walk to Quincy Street Open Space
About This Home
As of July 2021This 11-unit investment portfolio is comprised of a 9-unit brick row house/mansard style building, a 2-unit building, and 5 garage spaces, all situated on 10,558 square feet of contiguous land. Unit compositions include 7 cozy 2 bedrooms, 2 apartments with finished walkout basements used as 2 or 3 bedrooms, 1 apartment with 3 bedrooms /2 bathrooms and a finished basement, and a two-level apartment with 4 bedrooms/2 bathrooms. 9-unit building highlights include some wide pine floors, bay windows, exposed brick, and large back porches. 2-unit building highlights include larger apartments, hardwood floors, enclosed porches, and modern kitchens and bathrooms. With a Walk Score © of 93, the property is ideally located near Union Square, Porter Square, and offers easy access to Harvard and Boston. This is a rare opportunity to acquire critical mass with incredible upside potential in a highly coveted area.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 10,558
Parking
- 5 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 11,106 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 27 Bedrooms
- 15 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Deck
- Porch
Additional Features
- 10,558 Sq Ft Lot
- Property is near public transit and schools
Community Details
- 11 Units
- Shops
- Net Operating Income $74,400
Listing and Financial Details
- Total Actual Rent $6,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2020
Closed on
Jul 23, 2021
Sold by
Savini Joseph and Savini Sheila B
Bought by
5-7-9 School Realty Llc
Seller's Agent
Michael Cohen
Compass
Buyer's Agent
Michael Cohen
Compass
List Price
$4,888,800
Sold Price
$3,500,000
Premium/Discount to List
-$1,388,800
-28.41%
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
-$2,272,000
Avg. Annual Appreciation
-20.76%
Original Mortgage
$2,500,000
Outstanding Balance
$2,270,438
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$1,042,438
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5-7-9 School Realty Llc | $2,400,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 5-7-9 School Realty Llc | $2,500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2021 07/26/21 | Sold | $3,500,000 | -28.4% | $315 / Sq Ft |
| 02/25/2020 02/25/20 | Pending | -- | -- | -- |
| 02/24/2020 02/24/20 | For Sale | $4,888,800 | -- | $440 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $10,138 | $929,200 | $341,300 | $587,900 |
| 2024 | $9,507 | $903,700 | $341,300 | $562,400 |
| 2023 | $9,290 | $898,500 | $341,300 | $557,200 |
| 2022 | $8,878 | $872,100 | $325,100 | $547,000 |
| 2021 | $8,182 | $802,900 | $309,600 | $493,300 |
| 2020 | $7,646 | $757,800 | $297,700 | $460,100 |
| 2019 | $7,048 | $655,000 | $258,800 | $396,200 |
| 2018 | $6,420 | $567,600 | $235,300 | $332,300 |
| 2017 | $6,350 | $544,100 | $222,000 | $322,100 |
| 2016 | $5,991 | $478,100 | $203,000 | $275,100 |
| 2015 | $5,928 | $470,100 | $201,900 | $268,200 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Cohen
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72623419
APN: SOME-63 A 28 A
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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