Seller's Agent in 2020
Adam Umina
Metro Realty Corp.
(617) 921-5866
1 in this area
33 Total Sales
56 Walnut St Somerville, MA 02143
Prospect Hill Neighborhood
26
Beds
22
Baths
16,229
Sq Ft
0.44
Acres Lot
Highlights
- Wood Flooring
- Porch
- 4-minute walk to Prospect Hill Park
- Somerville High School Rated A-
About This Home
As of August 2020The Hollander Block consists of two majestic Queen Anne buildings on the corner of Walnut St & Pleasant Ave on Prospect Hill in Union Sq, one of the fastest growing neighborhoods in Somerville. This rare asset consists of 22 apartments - 20 one bed & 2 three bed units. The property is conveniently located just 3 blocks from bustling Union Sq, soon to be home to the new Green Line extension. The neighborhood boasts many great shops & restaurants including the recently established Bow Market. The Union Square Redevelopment has added to the upward trajectory that Union Sq has been experiencing and is poised to add 2.4 million sqft of office, retail and lab space. All leases are ending on varying dates in the summer of 2020, producing annual gross income of $525,000 with projected annual gross income of $591,000. There is significant value add opportunity through cosmetic updates and basic living area optimization. Rubber roofs replaced in 2002 & 2014, gas heat conversion in 2008.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 0.44
Additional Features
- Wood Flooring
- Porch
- Year Round Access
- Natural Gas Water Heater
- Basement
Matterport 3D Tours
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2020 08/28/20 | Sold | $8,750,000 | -2.8% | $539 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 07/24/2020 07/24/20 | For Sale | $9,000,000 | +2.9% | $555 / Sq Ft |
| 06/23/2020 06/23/20 | Off Market | $8,750,000 | -- | -- |
| 05/22/2020 05/22/20 | For Sale | $9,000,000 | -- | $555 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $59,995 | $5,499,100 | $1,352,600 | $4,146,500 |
| 2024 | $57,851 | $5,499,100 | $1,352,600 | $4,146,500 |
| 2023 | $56,858 | $5,498,800 | $1,352,600 | $4,146,200 |
| 2022 | $52,308 | $5,138,300 | $1,352,600 | $3,785,700 |
| 2021 | $34,783 | $3,413,400 | $1,352,600 | $2,060,800 |
| 2020 | $33,181 | $3,288,500 | $1,352,600 | $1,935,900 |
| 2019 | $31,354 | $2,913,900 | $1,352,600 | $1,561,300 |
| 2018 | $30,413 | $2,689,000 | $1,352,600 | $1,336,400 |
| 2017 | $29,467 | $2,525,000 | $1,276,000 | $1,249,000 |
| 2016 | $28,182 | $2,249,200 | $1,200,000 | $1,049,200 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Umina
-
Mark Pearlstein
Seller Co-Listing Agent in 2020
Mark Pearlstein
Metro Realty Corp.
(617) 232-2255
1 Total Sale
-
Dennis Kelleher
Buyer's Agent in 2020
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
2 in this area
64 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72660222
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.
Nearby Homes
- 57 Walnut St Unit 2
- 14 Hamlet St Unit C
- 40 Highland Ave Unit 8
- 16 Hamlet St
- 46 Highland Ave Unit 3B
- 15 Walnut St
- 81 Gilman St
- 12 Putnam St Unit B
- 109 Walnut St
- 42 Bow St Unit 5
- 34 Summer St
- 21 Stone Ave Unit 21
- 232 Pearl St
- 142 Cross St
- 60 Tufts St Unit 1
- 68 Flint St
- 20 Alston St
- 367 Somerville Ave Unit G
- 373 Somerville Ave Unit D
- 300 Somerville Ave
- 56 Walnut St Unit W6
- 56 Walnut St Unit 6p5
- 56 Walnut St Unit 5
- 56 Walnut St Unit 2
- 56 Walnut St Unit 1
- 2 Pleasant Ave Unit 2
- 58 Walnut St Unit 4
- 58 Walnut St Unit 3
- 56-58 Walnut St
- 6 Pleasant Ave
- 4A Pleasant Ave Unit 6
- 6 Pleasant Ave Unit 4
- 4A Pleasant Ave Unit 4
- 6 Pleasant Ave Unit 3
- 4 Pleasant Ave Unit 4
- 6 Pleasant Ave Unit 6
- 4 Pleasant Ave Unit 3
- 4 Pleasant Ave Unit 2
- 4 Pleasant Ave Unit 1
- 57 Walnut St
Your Personal Tour Guide
Ask me questions while you tour the home.