NOT LISTED FOR SALE

55 Prichard Ave Somerville, MA 02144

Ball Square Neighborhood

Estimated Value: $1,464,000 - $1,635,000

9 Beds
3 Baths
3,564 Sq Ft
$432/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $1,575,000 $442 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,280/month

28 Days on Market

Highlights

  • Corner Lot
  • Somerville High School Rated A-
  • 5-minute walk to Lexington Park

About This Home

As of July 2023

This corner lot three-family home is steps from Ball Squares' new Green Line Station. Taking the bike path at the corner of the street will get you to Davis Square in just a few minutes—an excellent opportunity for owner-occupants and investors. The First-floor unit was owner-occupied for over 40 years, the second-floor lease ends 6/31, and the third-floor ends 5/31. Can be delivered vacant. This location is in the coveted Powder House neighborhood, Tufts University, and Magoun Square. The roof and siding were updated in 2013.

Last Agent to Sell the Property

Deborah Zammuto

Main Street Residential Realty Listed on: 04/18/2023

Last Buyer's Agent

Ning Sun

United Real Estate, LLC

United Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,375

Year Built

  • Built in 1900

Lot Details

  • 2,940 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Parking Spaces

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 3,564 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 3 Units
  • Net Operating Income $57,600

Listing and Financial Details

  • Total Actual Rent $4,800
  • Assessor Parcel Number M:28 B:F L:1,751129

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,375

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 3564
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN3165
  • MAIN SO: AN1807

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:28 B:F L:1,751129
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2940
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 14375

Multi Family

  • Net Operating Income: 57600
  • Number Of Units Total: 3
  • Total Actual Rent: 4800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Jul 7, 2023
Sold by
Silva Jose G Est and Zammuto
Bought by
Cai Minmin and Cai Jing Jing
Seller's Agent
Deborah Zammuto
Main Street Residential Realty
Buyer's Agent
Ning Sun
United Real Estate, LLC
List Price
$1,695,000
Sold Price
$1,575,000
Premium/Discount to List
-$120,000
-7.08%
Views
268
Current Estimated Value
$1,541,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,731
Avg. Annual Appreciation
-0.85%
Original Mortgage
$1,162,500
Outstanding Balance
$1,132,593
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$408,676

Purchase Details

Closed on
Jul 24, 2012
Sold by
Silva Jose G and Silva Maria D
Bought by
Silva Jose G
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
Cai Minmin $1,550,000 None Available
Silva Jose G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cai Minmin $1,162,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $1,575,000 -1.5% $442 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $1,599,000 -5.7% $449 / Sq Ft
04/18/2023 04/18/23 For Sale $1,695,000 -- $476 / 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 $15,609 $1,430,700 $654,600 $776,100
2024 $14,696 $1,397,000 $654,600 $742,400
2023 $14,375 $1,390,200 $654,600 $735,600
2022 $13,697 $1,345,500 $623,400 $722,100
2021 $12,942 $1,270,100 $618,800 $651,300
2020 $12,376 $1,226,600 $619,200 $607,400
2019 $11,693 $1,086,700 $563,700 $523,000
2018 $10,757 $951,100 $512,400 $438,700
2017 $10,603 $908,600 $483,400 $425,200
2016 $10,440 $833,200 $431,700 $401,500
2015 $9,963 $790,100 $398,700 $391,400
Source: Public Records

Agents Affiliated with this Home

  • Deborah Zammuto

    Seller's Agent in 2023

    Deborah Zammuto

    Main Street Residential Realty

    (781) 589-4115

    1 in this area

    36 Total Sales

    Deborah Zammuto
    Section Image
  • Ning Sun

    Buyer's Agent in 2023

    Ning Sun

    United Real Estate, LLC

    (781) 386-7257

    2 in this area

    256 Total Sales

    Ning Sun
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73099870

MLS Property Information Network (MLS PIN)

APN: SOME-000028-F000000-000001

Massachusetts Middlesex County Somerville 02144 Ball Square

55 Prichard Ave, Somerville, MA

Not Listed for Sale

MultiFamily

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