Seller's Agent in 2015
David Shorey
Real Broker MA, LLC
(781) 962-4028
3 in this area
135 Total Sales
56 College Ave Somerville, MA 02144
Davis Square Neighborhood
5
Beds
5
Baths
3,886
Sq Ft
4,356
Sq Ft Lot
About This Home
As of September 2015Price reduced! Don't miss this Super Rare opportunity to own this spectacular Davis Square 5-unit mixed use property with 4 car parking! Includes 4 residential units and 1 commercial unit currently used as a dentist office. 1 studio, 2-one bedrooms, 1 two bedroom, 1 office, 3,886 square feet! Perfect investment property with potential for even higher rents and prime condo conversion possibility (could possibly add square footage according to FAR)! Many recent improvements including major rehab for 3 units, roof, furnaces, replacement windows, front stairs. The 4 unit leases end 8/31/15, Rents are going up!!! POTENTIAL RENT INCREASE OF $800/month FOR 9/1! Dentist lease ends 12/31/17. Walker's Paradise score of 94 from Walkscore! Open Thursday 7/9 from noon to 1pm!
Last Buyer's Agent
Richard Wolfson
Richard Wolfson Real Estate
Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
4,356 Sq Ft Lot
Listing Details
- Lot Description: Paved Drive, Easements, Shared Drive, Level
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 5
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 13
- Amenities: Public Transportation, Shopping, Walk/Jog Trails
- Electric: Circuit Breakers
- Energy: Insulated Windows, Prog. Thermostat
- Flooring: Wood
- Basement: Full, Walk Out, Interior Access, Unfinished Basement
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Porch, Gutters
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street, Assigned
- Parking Spaces: 4
Utilities
- Heat Zones: 2
- Hot Water: Natural Gas, Tank
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 5
Lot Info
- Zoning: RB
Multi Family
- APOD Available: Yes
- Expenses Year End: 12/14
- Foundation: 999999
- Heat Units: 2
- Total Bedrooms: 5
- Total Floors: 9
- Total Full Baths: 4
- Total Half Baths: 1
- Total Levels: 3
- Total Rms: 12
- Total Rent_1: 8800
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
Jun 15, 2015
Closed on
Sep 25, 2015
Sold by
Bought by
Seller's Agent
David Shorey
Real Broker MA, LLC
Buyer's Agent
Richard Wolfson
Richard Wolfson Real Estate
List Price
$1,750,000
Sold Price
$1,650,000
Premium/Discount to List
-$100,000
-5.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,237,500
Interest Rate
0.0397%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 9, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 28, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,650,000 | -- | ||
| $835,000 | -- | ||
| $205,000 | -- |
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 | $1,237,500 | ||
| Closed | $400,000 |
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 |
|---|---|---|---|---|
| 09/25/2015 09/25/15 | Sold | $1,650,000 | -5.7% | $425 / Sq Ft |
| 08/26/2015 08/26/15 | Pending | -- | -- | -- |
| 06/15/2015 06/15/15 | For Sale | $1,750,000 | -- | $450 / 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 | $24,233 | $2,221,200 | $1,061,900 | $1,159,300 |
| 2024 | -- | $2,198,500 | $758,500 | $1,440,000 |
| 2023 | $0 | $2,164,000 | $758,500 | $1,405,500 |
| 2022 | $0 | $2,094,000 | $722,400 | $1,371,600 |
| 2021 | $0 | $1,991,800 | $687,900 | $1,303,900 |
| 2020 | $0 | $1,836,600 | $617,400 | $1,219,200 |
| 2019 | $0 | $1,794,500 | $575,300 | $1,219,200 |
| 2018 | $0 | $1,555,800 | $522,900 | $1,032,900 |
| 2017 | -- | $1,328,600 | $493,400 | $835,200 |
| 2016 | -- | $1,110,900 | $590,400 | $520,500 |
Source: Public Records
Agents Affiliated with this Home
-
David Shorey
-
R
Buyer's Agent in 2015
Richard Wolfson
Richard Wolfson Real Estate
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71857265
APN: SOME 16-F-14
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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