NOT LISTED FOR SALE

57 Webster Ave Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,437,000 - $2,320,329

9 Beds
3 Baths
2,910 Sq Ft
$622/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $1,300,000 $447 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,922/month

9 Days on Market

About This Home

As of September 2016

New rare to find fully leased 3 family in coveted Union Sq. Across the street from the up and coming Green Line T stop, bars and excellent culinary cuisines. Also blocks away from the bustling Inman Sq. and Cambridge Line. Excellent rental location and long term upside potential. All units leased until Aug 31, 2017, turnkey property. Strong credited tenants, we had a rental bidding war. Collect positive cash flow from Day 1. Two of three units are in renovated condition with the potential to upgrade Unit 3 and increase income. Newer Rubber Roof & heating systems 1st floor Forced Hot Air with Central A/C, 2nd & 3rd is FHW, replacement windows, HW floors and individual electric, gas and heating all separately metered. Included is off-street parking, laundry in-building. At only $378/sqft, due to low inventory and coveted area, this property will not last. Open House Sun July 31, Tues Aug 2 & Thur Aug 4th from 1-2:30pm. Only showings @ Open Houses, bids due Friday 8/5 @ 5p

Last Agent to Sell the Property

Tony Madan

Boston Investments Listed on: 07/27/2016

Last Buyer's Agent

Edmund Feijo

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 17
  • Flooring: Wood
  • Total Levels: 3

Exterior Features

  • Foundation: Brick

Garage/Parking

  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: 0

Multi Family

  • Total Bedrooms: 9
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 17
  • Total Rent_1: 8150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2016
Closed on
Sep 8, 2016
Sold by
Horizons Enterprises L
Bought by
57 Webster Avenue Nt
Seller's Agent
Tony Madan
Boston Investments
Buyer's Agent
Edmund Feijo
Coldwell Banker Realty - Cambridge
List Price
$1,100,000
Sold Price
$1,300,000
Premium/Discount to List
$200,000
18.18%
Current Estimated Value
$1,810,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,332
Avg. Annual Appreciation
3.59%

Purchase Details

Listed on
Apr 9, 2015
Closed on
Jun 3, 2015
Sold by
Amaral Maria H
Bought by
Horizon Enterprises Llc
Seller's Agent
Larry Braese
Media Realty Group Inc.
Buyer's Agent
Larry Braese
Media Realty Group Inc.
List Price
$850,000
Sold Price
$860,000
Premium/Discount to List
$10,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.45%
Original Mortgage
$838,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2006
Sold by
Carvalho Duarte Est
Bought by
Amaral Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2003
Sold by
Carvalho Carlos A and Carvalho Duarte
Bought by
Carvalho Duarte and Amaral Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.02%

Purchase Details

Closed on
Jun 13, 1995
Sold by
Silva Renato O and Silva Cidalia S
Bought by
Amaral Alvarinho and Amaral Maria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.21%
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 Webster Avenue Nt $1,300,000 --
Horizon Enterprises Llc $860,000 --
Amaral Maria H -- --
Carvalho Duarte -- --
Amaral Alvarinho $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Horizon Enterprises Llc $838,000
Previous Owner Amaral Alvarinho $335,000
Previous Owner Amaral Maria H $318,000
Previous Owner Carvalho Duarte $200,000
Previous Owner Amaral Alvarinho $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2016 09/08/16 Sold $1,300,000 +18.2% $447 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $1,100,000 +27.9% $378 / Sq Ft
06/03/2015 06/03/15 Sold $860,000 +1.2% $296 / Sq Ft View Prior Sale
05/04/2015 05/04/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $850,000 -- $292 / 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 $18,143 $1,663,000 $615,600 $1,047,400
2024 $17,014 $1,617,300 $615,600 $1,001,700
2023 $16,605 $1,605,900 $615,600 $990,300
2022 $15,855 $1,557,500 $586,300 $971,200
2021 $15,237 $1,495,300 $558,300 $937,000
2020 $14,872 $1,473,900 $536,900 $937,000
2019 $13,759 $1,278,700 $455,900 $822,800
2018 $11,540 $1,020,300 $414,500 $605,800
2017 $9,429 $808,000 $375,400 $432,600
2016 $8,122 $648,200 $295,100 $353,100
2015 $7,548 $598,600 $272,300 $326,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tony Madan

    Boston Investments

    (617) 702-2261

    1 Total Sale

    Tony Madan
    Section Image
  • Edmund Feijo

    Buyer's Agent in 2016

    Edmund Feijo

    Coldwell Banker Realty - Cambridge

    (617) 780-4354

    37 Total Sales

    Edmund Feijo
    Section Image
  • Larry Braese

    Seller's Agent in 2015

    Larry Braese

    Media Realty Group Inc.

    (781) 962-4564

    9 Total Sales

    Larry Braese
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72043938

MLS Property Information Network (MLS PIN)

APN: SOME-000083-B000000-000002

Massachusetts Middlesex County Somerville 02143 Prospect Hill

57 Webster Ave, Somerville, MA

Not Listed for Sale

MultiFamily

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