R
Seller's Agent in 2016
Russ Bradchulis
Keller Williams Realty
583 Somerville Ave Somerville, MA 02143
Spring Hill NeighborhoodEstimated Value: $2,583,055
5
Beds
8
Baths
4,572
Sq Ft
$565/Sq Ft
Est. Value
About This Home
As of June 2016Development and Income Opportunity in Somerville! Investors, contractors, and developers welcome! Fully occupied mixed use property on Somerville Ave: Three residential units, a salon, and a restaurant. Where else will you find almost a 7% Cap rate in Somerville?? 3rd Floor unit has updated kitchen and elec (2014), a back deck open to the south with full sun exposure and 2nd egress, as well as three bedrooms including one bedroom with a private shower and sink. 2nd Floor unit kitchen and bedroom have new flooring (2015) and a front porch facing Somerville Ave. Salon has one half bath and three years left on lease; restaurant has three half baths, and 2 years left with an option to renew. Property features newer windows. Sought after location with potential development opportunity.
Last Agent to Sell the Property
Russ Bradchulis
Keller Williams Realty Listed on: 05/06/2016
Last Buyer's Agent
Russ Bradchulis
Keller Williams Realty Listed on: 05/06/2016
Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
3,920 Sq Ft Lot
Listing Details
- Lot Description: Level
- Property Type: Multi-family
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 6
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 15
- Amenities: Public Transportation, Park, Laundromat, Public School, T-Station
- Energy: Insulated Windows
- Flooring: Wood, Tile
- Basement: Full, Interior Access
- Total Levels: 6
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Exterior: Vinyl
- Exterior Features: Deck
- Foundation: Fieldstone
Garage/Parking
- Parking: On Street Permit
Utilities
- Hot Water: Natural Gas
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 5
Lot Info
- Assessor Parcel Number: M:44 B:H L:12
- Zoning: BA
Multi Family
- Total Bedrooms: 5
- Total Floors: 9
- Total Full Baths: 3
- Total Half Baths: 5
- Total Levels: 4
- Total Rms: 15
- Total Rent_1: 8850
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2016
Closed on
Jun 23, 2016
Sold by
Ave 583-585 Somerville
Bought by
Avenue 585 Somerville
Seller's Agent
Russ Bradchulis
Keller Williams Realty
Buyer's Agent
Russ Bradchulis
Keller Williams Realty
List Price
$1,300,000
Sold Price
$1,425,000
Premium/Discount to List
$125,000
9.62%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,158,055
Avg. Annual Appreciation
6.35%
Purchase Details
Closed on
Jan 11, 2016
Sold by
Sequeira Alfredo S and Sequeira Maria F
Bought by
Ave 583-585 Somerville and Sequeira Alfredo F
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Avenue 585 Somerville | $1,425,000 | -- | |
| Ave 583-585 Somerville | -- | -- | |
| Sequeira Alfredo S | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2016 06/23/16 | Sold | $1,425,000 | +9.6% | $312 / Sq Ft |
| 05/08/2016 05/08/16 | Pending | -- | -- | -- |
| 05/06/2016 05/06/16 | For Sale | $1,300,000 | -- | $284 / 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 | -- | $1,074,900 | $464,900 | $610,000 |
| 2024 | -- | $1,074,900 | $464,900 | $610,000 |
| 2023 | $0 | $1,074,900 | $464,900 | $610,000 |
| 2022 | $0 | $1,074,900 | $464,900 | $610,000 |
| 2021 | $0 | $1,074,900 | $464,900 | $610,000 |
| 2020 | $0 | $1,053,600 | $464,900 | $588,700 |
| 2019 | $0 | $999,600 | $442,700 | $556,900 |
| 2018 | $0 | $994,300 | $442,700 | $551,600 |
| 2017 | -- | $892,800 | $417,700 | $475,100 |
| 2016 | -- | $684,100 | $387,300 | $296,800 |
| 2015 | -- | $665,600 | $368,800 | $296,800 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72000854
APN: SOME-000044-H000000-000012
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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