Seller's Agent in 2022
Ronald Trapasso
Keller Williams Realty
(617) 285-2737
1 in this area
58 Total Sales
50 Spencer Ave Somerville, MA 02144
Spring Hill NeighborhoodEstimated Value: $1,210,000 - $1,531,000
5
Beds
2
Baths
2,990
Sq Ft
$471/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Jogging Path
- Somerville High School Rated A-
- Pine Flooring
- 1-minute walk to Lexington Park
About This Home
As of September 2022Wow! Huge TWO-FAMILY tucked away on quiet treelined one-way street in the heart of Somerville! Desirable neighborhood minutes to Davis Sq, Porter Sq, Magoun Sq & Somerville Community Path. Convenient commuter location w/MBTA bus, Red Line, Commuter Rail & main roads (I-93, Rtes 3 & 2A) nearby. This large Philadelphia-style 5 bed home offers about 3000 sq ft of living space over 3 floors. Lots of natural light. High ceilings. Good-sized rooms. Loaded w/character–pine floors, stain glass, pocket doors, mantles, built-in cabinets, ceiling medallions & original woodwork. Downstairs unit in good condition & currently occupied. Upper unit vacant & offers ton of space. Front & rear porches. Nice yard. Oversized 1 car garage could be restored to 2 cars. 4+ car parking in driveway. Improvements include newer gas forced hot air heat, hot water heaters & in-unit laundry. Great for Extended Family, Owner-Occupant w/Rental, Investor or Condo Conversion! Needs work but so much potential! Won't last!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,095
Year Built
- Built in 1910
Lot Details
- 3,850 Sq Ft Lot
- Fenced
- Level Lot
Parking
- 1 Car Garage
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,990 Sq Ft Home
- Property has 1 Level
Flooring
- Pine Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Block Basement Construction
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Balcony
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $2,150
- Rent includes unit 1(water)
- Assessor Parcel Number M:29 B:E L:3,751330
Community Details
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $25,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2019
Sold by
Drinkwater Karen A
Bought by
Drinkwater Lawrence J and Drinkwater Karen A
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
$550,000
Outstanding Balance
$481,651
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$926,523
Purchase Details
Closed on
Feb 5, 2019
Sold by
Frances E Williams Irt
Bought by
Frances E Williams Irt
Purchase Details
Closed on
Jan 24, 2017
Sold by
Williams Frances E
Bought by
Frances E Williams Irt
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Drinkwater Lawrence J | -- | -- | |
| Drinkwater Karen A | -- | -- | |
| Frances E Williams Irt | -- | -- | |
| Frances E Williams Irt | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Drinkwater Karen A | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2022 09/29/22 | Sold | $1,300,000 | 0.0% | $435 / Sq Ft |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 08/11/2022 08/11/22 | For Sale | $1,299,990 | -- | $435 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $12,520 | $1,147,600 | $717,500 | $430,100 |
| 2024 | $11,994 | $1,140,100 | $717,500 | $422,600 |
| 2023 | $11,789 | $1,140,100 | $717,500 | $422,600 |
| 2022 | $11,095 | $1,089,900 | $683,300 | $406,600 |
| 2021 | $10,831 | $1,062,900 | $678,400 | $384,500 |
| 2020 | $10,506 | $1,041,200 | $678,800 | $362,400 |
| 2019 | $10,009 | $930,200 | $617,900 | $312,300 |
| 2018 | $9,341 | $825,900 | $561,800 | $264,100 |
| 2017 | $9,153 | $784,300 | $530,000 | $254,300 |
| 2016 | $8,832 | $704,900 | $473,200 | $231,700 |
| 2015 | $8,410 | $666,900 | $437,100 | $229,800 |
Source: Public Records
Agents Affiliated with this Home
-
Ronald Trapasso
-
Sabbor Sheikh
Buyer's Agent in 2022
Sabbor Sheikh
Coldwell Banker Realty - Boston
(617) 266-4430
3 in this area
119 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73024385
APN: SOME-000029-E000000-000003
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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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