NOT LISTED FOR SALE

57 Cherry St Somerville, MA 02144

Spring Hill Neighborhood

Estimated Value: $1,116,000 - $1,185,741

5 Beds
2 Baths
2,258 Sq Ft
$512/Sq Ft Est. Value

Last Sold August 26, 2014

Last sale price $608,000 $269 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,873/month

9 Days on Market

About This Home

As of August 2014

Affordably priced Salt box style 2F in one of Somerville's most sought after locations walking distance to both Porter & Davis Squares. Both units have stnd K&B's w/slightly quirky layouts. Unit 1 has a philly style enclosed back porch currently belonging to the first flr unit. Apt 1 has an open LR area with several rms converted to use as bedrms. 2nd flr has a spacious front LR, a small side rm, and 2 bedrms w/a front & side egress door. Needs work but worth the effort! Agnt acc'd group shows on S 7/20 2:30-4pm & T,Th 7/22 & 7/24 @ 6pm. Offers due F 7/25 @ noon gd thru 7/28 @ 6pm.

Last Agent to Sell the Property

Irene Bremis

LAER Realty Partners Listed on: 07/18/2014

LAER Realty Partners

Last Buyer's Agent

Irene Bremis

LAER Realty Partners Listed on: 07/18/2014

LAER Realty Partners

Property Details

Home Type

Multi-Family

Year Built

1915

Lot Details

0

Listing Details

  • Lot Description: Easements, Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1915

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Swimming Pool, Walk/Jog Trails, Laundromat, Bike Path, House of Worship, T-Station, University
  • Electric: 60 Amps/Less
  • Flooring: Wood, Vinyl
  • Basement: Full, Concrete Floor

Exterior Features

  • Construction: Frame, Post & Beam
  • Exterior: Aluminum
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking: On Street Permit
  • Parking Spaces: 0

Utilities

  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2014
Closed on
Aug 26, 2014
Sold by
Pearson Alan M and Beck Nadine J
Bought by
57 Cherry Street Rt
Seller's Agent
Irene Bremis
LAER Realty Partners
Buyer's Agent
Irene Bremis
LAER Realty Partners
List Price
$499,900
Sold Price
$608,000
Premium/Discount to List
$108,100
21.62%
Current Estimated Value
$1,155,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,185
Avg. Annual Appreciation
5.81%
Original Mortgage
$428,000
Outstanding Balance
$324,810
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$830,376

Purchase Details

Closed on
Jan 19, 1993
Sold by
Birnbaum Ben R and Birnbaum Diane F
Bought by
Pearson Alan M and Beck Nadine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage
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
57 Cherry Street Rt $608,000 --
Pearson Alan M $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 57 Cherry Street Rt $428,000
Previous Owner Pearson Alan M $310,000
Previous Owner Pearson Alan M $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2014 08/26/14 Sold $608,000 +21.6% $269 / Sq Ft
07/27/2014 07/27/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $499,900 -- $221 / 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 $10,062 $922,300 $531,200 $391,100
2024 $9,487 $901,800 $531,200 $370,600
2023 $9,261 $895,600 $531,200 $364,400
2022 $8,545 $839,400 $505,900 $333,500
2021 $8,119 $796,800 $481,800 $315,000
2020 $7,790 $772,100 $463,300 $308,800
2019 $7,104 $660,200 $402,900 $257,300
2018 $6,947 $614,200 $366,300 $247,900
2017 $6,678 $572,200 $345,500 $226,700
2016 $6,598 $526,600 $316,000 $210,600
2015 $6,420 $509,100 $314,300 $194,800
Source: Public Records

Agents Affiliated with this Home

  • Irene Bremis

    Seller's Agent in 2014

    Irene Bremis

    Laer Realty

    (617) 460-2208

    1 in this area

    8 Total Sales

    Irene Bremis
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71716232

MLS Property Information Network (MLS PIN)

APN: SOME-000029-G000000-000029

Massachusetts Middlesex County Somerville 02144 Spring Hill

57 Cherry St, Somerville, MA

Not Listed for Sale

MultiFamily

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