NOT LISTED FOR SALE

50 Springfield St Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,495,000 - $1,985,000

6 Beds
3 Baths
3,959 Sq Ft
$456/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $1,000,000 $253 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $11,073/month

4 Days on Market

About This Home

As of December 2015

INVESTOR ALERT. This multi-family offers a lot of potential top floor and second floor offers a 2 bedroom, family room, full bathroom, plus an extra room off the kitchen. First floor is a spacious two bedroom, kitchen, family room, full bathroom. Parking for all units in driveway. This property is located in a prime location in Inman square and close to Porter Square and Harvard Square also close to public transportation Solid rental history currently rented below market rate.

Last Agent to Sell the Property

Debbie Furtado

RE/MAX Andrew Realty Services Listed on: 10/18/2015

RE/MAX Andrew Realty Services

Last Buyer's Agent

John Veneziano

RE/MAX Andrew Realty Services

RE/MAX Andrew Realty Services

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Electric: Circuit Breakers, 100 Amps
  • Flooring: Wood, Wall to Wall Carpet, Laminate
  • Basement: Full, Walk Out, Sump Pump, Concrete Floor, Unfinished Basement

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles, Rubber
  • Construction: Brick, Stone/Concrete
  • Exterior: Vinyl
  • Exterior Features: Gutters, Storage Shed, Fenced Yard
  • Foundation: Brick

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 4

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: RES

Multi Family

  • Heat Units: 3
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 15
  • Total Rent_1: 23000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2015
Closed on
Dec 28, 2015
Sold by
Villari Ida J Est
Bought by
Lacourt Foundation Llc
Seller's Agent
Debbie Furtado
RE/MAX Andrew Realty Services
Buyer's Agent
John Veneziano
RE/MAX Andrew Realty Services
List Price
$1,175,000
Sold Price
$1,000,000
Premium/Discount to List
-$175,000
-14.89%
Current Estimated Value
$1,803,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803,786
Avg. Annual Appreciation
6.04%
Original Mortgage
$700,000
Outstanding Balance
$557,452
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,246,334
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
Lacourt Foundation Llc $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacourt Foundation Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2015 12/28/15 Sold $1,000,000 -14.9% $253 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
10/18/2015 10/18/15 For Sale $1,175,000 -- $297 / 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 $19,688 $1,804,600 $742,600 $1,062,000
2024 $18,498 $1,758,400 $742,600 $1,015,800
2023 $18,087 $1,749,200 $742,600 $1,006,600
2022 $17,258 $1,695,300 $707,200 $988,100
2021 $15,944 $1,564,700 $673,600 $891,100
2020 $14,921 $1,478,800 $647,700 $831,100
2019 $13,619 $1,265,700 $550,000 $715,700
2018 $12,443 $1,100,200 $500,000 $600,200
2017 $10,978 $940,700 $452,800 $487,900
2016 $9,375 $748,200 $356,100 $392,100
2015 $8,962 $710,700 $328,500 $382,200
Source: Public Records

Agents Affiliated with this Home

  • Debbie Furtado

    Seller's Agent in 2015

    Debbie Furtado

    RE/MAX

    (781) 771-4055

    3 Total Sales

    Debbie Furtado
    Section Image
  • John Veneziano

    Buyer's Agent in 2015

    John Veneziano

    RE/MAX

    (617) 840-5499

    96 Total Sales

    John Veneziano
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71921206

MLS Property Information Network (MLS PIN)

APN: SOME-000076-C000000-000014

Massachusetts Middlesex County Somerville 02143 Prospect Hill

50 Springfield St, Somerville, MA

Not Listed for Sale

MultiFamily

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