C
Seller's Agent in 2021
Carey Gatto
Keller Williams Realty Boston Northwest
508 Broadway Somerville, MA 02145
Magoun Square NeighborhoodEstimated Value: $1,608,000 - $1,860,775
11
Beds
5
Baths
4,086
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- City View
- Wood Flooring
- 1-minute walk to Trum Field
- Somerville High School Rated A-
About This Home
As of June 2021HUGE Triple-decker 3-family with over 4000 SF of living area, just steps from trendy Magoun Square, many restaurants, close to Tufts University and the incoming Green Line T stop! Excellent income potential with 3 large apartments. Units #1 & 2 boast 4 BR's! Unit #3 has 3 BR's plus an open concept DR / LR. Currently rented at 50% occupancy. Pre-Covid Gross Income as high as $93,840/year. Tall ceilings, Eat-in kitchens, Hardwood floors, spacious rooms and a terrific location make this very well maintained property highly rentable! 30-year roof installed in 2014. Newer furnaces. Lead compliance certificate on hand. No permit required to park on Charles Ryan Rd or on Broadway in front of the baseball field. You can park in front of the property overnight from 8pm - 8am. One unit vacant and great tenants in other 2 units make this the perfect opportunity for an owner-occupant or absentee investor. Properties like this are rarely available! Don't miss out! GROUP SHOWING: 4/10 @ 11:30-12:30.
Last Agent to Sell the Property
Carey Gatto
Keller Williams Realty Boston Northwest License #449546684 Listed on: 03/17/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,314
Year Built
- Built in 1905
Lot Details
- 2,614
Flooring
- Wood
- Tile
Additional Features
- City Views
- Rain Gutters
- Year Round Access
- Oil Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number M:32 B:L L:2
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2021
Closed on
Jun 15, 2021
Sold by
Rogers Bruce L and Li Jinyu
Bought by
508-510 Broadway Llc
Seller's Agent
Carey Gatto
Keller Williams Realty Boston Northwest
Buyer's Agent
David-Daili Xiao
Engel & Volkers Newton
List Price
$1,499,999
Sold Price
$1,450,000
Premium/Discount to List
-$49,999
-3.33%
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
$376,566
Avg. Annual Appreciation
2.32%
Original Mortgage
$875,000
Outstanding Balance
$809,251
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$785,638
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 508-510 Broadway Llc | $1,450,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 508-510 Broadway Llc | $875,000 | |
| Previous Owner | Li Jinyu | $196,600 | |
| Previous Owner | Rogers Bruce L | $214,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2021 06/15/21 | Sold | $1,450,000 | 0.0% | $355 / Sq Ft |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- |
| 04/06/2021 04/06/21 | Price Changed | $1,450,000 | -3.3% | $355 / Sq Ft |
| 03/17/2021 03/17/21 | For Sale | $1,499,999 | -- | $367 / 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 | $14,314 | $1,312,000 | $366,400 | $945,600 |
| 2024 | $13,367 | $1,270,600 | $366,400 | $904,200 |
| 2023 | $13,032 | $1,260,300 | $366,400 | $893,900 |
| 2022 | $12,477 | $1,225,600 | $349,000 | $876,600 |
| 2021 | $10,839 | $1,063,700 | $332,400 | $731,300 |
| 2020 | $10,604 | $1,050,900 | $319,600 | $731,300 |
| 2019 | $9,631 | $895,100 | $271,300 | $623,800 |
| 2018 | $8,469 | $748,800 | $261,700 | $487,100 |
| 2017 | $8,244 | $706,400 | $244,000 | $462,400 |
| 2016 | $7,666 | $611,800 | $211,000 | $400,800 |
| 2015 | $7,036 | $558,000 | $188,100 | $369,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Buyer's Agent in 2021
David-Daili Xiao
Engel & Volkers Newton
(857) 297-2000
1 in this area
29 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72799379
APN: SOME-000032-L000000-000002
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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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