NOT LISTED FOR SALE

Estimated Value: $1,348,962 - $1,436,000

6 Beds
3 Baths
3,751 Sq Ft
$372/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $1,200,000 $320 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,362/month

22 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • Somerville High School Rated A-
  • Wood Flooring
  • Enclosed Patio or Porch

About This Home

As of August 2021

Don't miss this fabulous opportunity in Somerville steps to Magoun Square, Assembly and the soon-to-be new Greenline extension. This massive 3-unit multi-family has been in the same family for almost 50 years! Perched atop a hill on Main St steps to Broadway, it's the perfect property for a savvy investor, owner occupant or developer. 100% VACANT, it's a blank canvas ready for some updates and sweat equity. Each unit features 2 bedrooms, living room, dining room, bath, spacious eat-in kitchen and enclosed sunroom in the rear. 1st floor features additional front den, and 1st/3rd floor units have been semi-updated in recent years and had previously rented for $2K/month. Other recent updates include new windows, exterior paint and conversion to gas heating. Best of all, a dream outdoor space that feels like your own urban oasis. Unbeatable Winter Hill location close to Tufts, Rt 93, MBTA stops, as well endless shopping, cafes, restaurants, nightlife and much more!

Last Agent to Sell the Property

Melanie Fleet

Keller Williams Realty Listed on: 06/30/2021

Keller Williams Realty

Last Buyer's Agent

Greg McCarthy

Riverfront REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,269

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Gentle Sloping Lot

Home Design

  • 3,751 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 3 Heating Zones
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number M:47 B:H L:11,754555

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,269

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Carpet,Hardwood
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Unfinished
  • Living Area: 3751
  • Stories Total: 6
  • MAIN LO: BB5522
  • LIST PRICE PER Sq Ft: 332.98
  • PRICE PER Sq Ft: 319.91
  • MAIN SO: NB3861

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Other
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University

Lot Info

  • Parcel Number: M:47 B:H L:11,754555
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.2
  • Lot Size Units: Acres
  • LOT SIZE: 5182
  • PAGE: 85

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8269
  • Tax Book Number: 12807

Multi Family

  • Gross Income: 48000
  • Net Operating Income: 48000
  • Number Of Units Total: 3
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2025
Sold by
Mccarthy Matthew
Bought by
51 Main Somerville Llc
Current Estimated Value
$1,395,741

Purchase Details

Listed on
Jun 30, 2021
Closed on
Aug 25, 2021
Sold by
Dandrea Catherine Est
Bought by
Mccarthy Matthew
Seller's Agent
Melanie Fleet
Keller Williams Realty
Buyer's Agent
Greg McCarthy
Riverfront REALTORS®
List Price
$1,249,000
Sold Price
$1,200,000
Premium/Discount to List
-$49,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.74%
Original Mortgage
$848,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 1976
Bought by
Dandrea Catherine
Source: Public Records

Range of Values:

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Average Value
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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
51 Main Somerville Llc -- None Available
51 Main Somerville Llc -- None Available
Mccarthy Matthew $1,200,000 None Available
Dandrea Catherine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccarthy Matthew $848,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2021 08/25/21 Sold $1,200,000 -3.9% $320 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $1,249,000 -- $333 / 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 $11,186 $1,025,300 $341,400 $683,900
2024 $10,474 $995,600 $341,400 $654,200
2023 $10,233 $989,700 $341,400 $648,300
2022 $9,788 $961,500 $325,100 $636,400
2021 $8,860 $869,500 $295,400 $574,100
2020 $8,269 $819,500 $284,000 $535,500
2019 $7,535 $700,300 $239,000 $461,300
2018 $6,836 $604,400 $217,300 $387,100
2017 $6,770 $580,100 $204,900 $375,200
2016 $6,519 $520,300 $166,400 $353,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72858432

MLS Property Information Network (MLS PIN)

APN: SOME-000047-H000000-000011