Tim McDonald
Responds Quickly
(508) 796-8265
53 Total Sales
1 in Prospect Hill
$1,260,000 Price
51 Oak St Somerville, MA 02143
Prospect Hill Neighborhood
4
Beds
2
Baths
3,120
Sq Ft
6,098
Sq Ft Lot
About This Home
As of December 2021FOR SALE near Inman Square and new green line extension - A total of 8 units consisting of two buildings with 4 units each including ON-SITE PARKING. Units approx. 780 sf +/- w/ 2 bedrm. and 1 bath. Separate heat and electric for each unit. Several units recently upgraded. Laundry not included but possible in basements. Great investor opportunity to keep revenue flowing while conversion to condo or upscale rentals is possible. Expiring leases for each tenant with pro forma available for interested buyers. The added value to this property is that one’s commute by auto, walking, bicycling or public transportation puts one near Cambridge, MIT and Harvard University and this location has to offer.
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Property Details
Home Type
- Multi-Family
Year Built
- 1900
Lot Details
- 6,098
Interior Spaces
- Property has 1 Level
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2021
Closed on
Dec 7, 2021
Sold by
Robert L Pann Ret
Bought by
Seller's Agent
Steve Cefalo
Stephen Cefalo Real Estate
Buyer's Agent
Danny Zheng
Keller Williams Realty
List Price
$3,600,000
Sold Price
$2,950,000
Premium/Discount to List
-$650,000
-18.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,065,000
Outstanding Balance
$1,859,118
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 17, 2016
Sold by
Sylvia Penn Nt
Bought by
Robert L Pann Ret
Purchase Details
Closed on
Oct 3, 2007
Sold by
S Pann Rt
Bought by
Sylvia Pann Nt
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Prospect Hill, MA
-
Tim McDonald
-
Nathan Long
Nathan Long
Coldwell Banker Realty - Cambridge
(857) 829-6314
37 Total Sales
4 in Prospect Hill
$850K - $1.2M Price Range
-
Barbara Wales
Barbara Wales
Engel & Volkers Newton
(781) 512-8233
103 Total Sales
1 in Prospect Hill
$865,000 Price
-
Brian Caluori
Brian Caluori
Gibson Sotheby's International Realty
(781) 488-7488
89 Total Sales
1 in Prospect Hill
$825,000 Price
-
The Young Group
The Young Group
Leopold & McMasters Realty
(339) 333-8140
75 Total Sales
1 in Prospect Hill
$756,000 Price
-
Paul Connolly
Paul Connolly
1M Realty LLC
(339) 300-9513
39 Total Sales
4 in Prospect Hill
$630K - $1.2M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,950,000 | None Available | ||
| Robert L Pann Ret | -- | -- | |
| Sylvia Pann Nt | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,065,000 | ||
| Previous Owner | Robert L Pann Ret | $375,000 | |
| Closed | Sylvia Pann Nt | $319,200 | |
| Previous Owner | Sylvia Pann Nt | $255,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/07/2021 12/07/21 | Sold | $2,950,000 | -18.1% | $946 / Sq Ft |
| 10/14/2021 10/14/21 | Pending | -- | -- | -- |
| 09/27/2021 09/27/21 | For Sale | $3,600,000 | -- | $1,154 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $28,370 | $2,600,400 | $796,300 | $1,804,100 |
| 2024 | $27,356 | $2,600,400 | $796,300 | $1,804,100 |
| 2023 | $25,230 | $2,440,000 | $796,300 | $1,643,700 |
| 2022 | $18,950 | $1,861,500 | $758,400 | $1,103,100 |
| 2021 | $17,978 | $1,764,300 | $722,200 | $1,042,100 |
| 2020 | $17,522 | $1,736,600 | $694,500 | $1,042,100 |
| 2019 | $15,304 | $1,422,300 | $593,800 | $828,500 |
| 2018 | $14,234 | $1,258,500 | $539,800 | $718,700 |
| 2017 | $13,618 | $1,166,900 | $509,200 | $657,700 |
| 2016 | $14,077 | $1,123,500 | $509,000 | $614,500 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Cefalo
Seller's Agent in 2021
Steve Cefalo
Stephen Cefalo Real Estate
(781) 789-5808
1 in this area
14 Total Sales
-
Danny Zheng
Buyer's Agent in 2021
Danny Zheng
Keller Williams Realty
(832) 668-9712
4 in this area
256 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72900678
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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