6 Mortimer Place Somerville, MA 02145
Winter Hill NeighborhoodEstimated Value: $1,123,000 - $1,538,000
7
Beds
3
Baths
2,850
Sq Ft
$481/Sq Ft
Est. Value
About This Home
As of February 2021SUPERB INVESTMENT OPPORTUNITY! STEPS TO THE SOON TO OPEN GILMAN SQ STATION! Well-maintained cash-cow triple-decker located right off of Broadway on a side cul-de-sac. Parking spaces for up to 4 cars! Nice yard and garden in back. The 1st and 2nd floor units are 2 bdrms and could even be used as 3 bdrm splits, the 3rd floor is a traditional 3 bdrm. Market rent for the 3 units could gross near $7k monthly! Updated roof! This property is right in-between the newly redeveloped Broadway Somerville and the soon to open Gilman Sq Station. These developments have made this a prime location! The subway’s first expansion in nearly 30 years! "HOMEOWNERS ALONG THE NEW GREEN LINE WILL LIKELY BE LIVING IN THE URBAN EQUIVALENT OF A GOLD COAST." - BOSTON.COM. Can you imagine in just 10 years what the property values are going to be near the subways first expansion in nearly 30 years? Buy here before the new station opens and claim your piece on the golden coast!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,120
Year Built
- Built in 1920
Lot Details
- 2,831
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 20, 2023
Sold by
Edson Realty Llc
Bought by
Silva Edson
Total Days on Market
122
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$978,180
Outstanding Balance
$953,781
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$390,997
Purchase Details
Listed on
Jul 30, 2020
Closed on
Feb 5, 2021
Sold by
Mendonca Joseph F and Mendonca Felisbela S
Bought by
Howard Benjamin R
Seller's Agent
Chad Myers
Mr. Chaddles Real Estate
Buyer's Agent
Simon Gray
Coldwell Banker Realty - Newton
List Price
$1,198,900
Sold Price
$1,100,000
Premium/Discount to List
-$98,900
-8.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%
Original Mortgage
$791,500
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 3, 2013
Sold by
Santos Maria S and Santos Falisbela M
Bought by
Mendonca Joseph F and Santos Falisbela M
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
3.35%
Mortgage Type
New Conventional
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Silva Edson | -- | None Available | |
| Silva Edson | -- | None Available | |
| Howard Benjamin R | $1,100,000 | None Available | |
| Mendonca Joseph F | -- | -- | |
| Mendonca Joseph F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silva Edson | $978,180 | |
| Closed | Silva Edson | $978,180 | |
| Previous Owner | Edson Realty Llc | $1,005,000 | |
| Previous Owner | Howard Benjamin R | $791,500 | |
| Previous Owner | Mendonca Joseph F | $130,000 | |
| Previous Owner | Mendonca Joseph F | $210,000 | |
| Previous Owner | Mendonca Joseph F | $200,000 | |
| Previous Owner | Santos Felisbela M | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2021 02/08/21 | Sold | $1,100,000 | -4.3% | $386 / Sq Ft |
| 11/29/2020 11/29/20 | Pending | -- | -- | -- |
| 10/23/2020 10/23/20 | Price Changed | $1,149,000 | -2.2% | $403 / Sq Ft |
| 10/06/2020 10/06/20 | Price Changed | $1,174,900 | -2.0% | $412 / Sq Ft |
| 07/30/2020 07/30/20 | For Sale | $1,198,900 | -- | $421 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $13,120 | $1,202,600 | $367,600 | $835,000 |
| 2024 | $12,266 | $1,166,000 | $367,600 | $798,400 |
| 2023 | $11,291 | $1,092,000 | $367,600 | $724,400 |
| 2022 | $10,796 | $1,060,500 | $350,100 | $710,400 |
| 2021 | $9,539 | $936,100 | $333,400 | $602,700 |
| 2020 | $9,316 | $923,300 | $320,600 | $602,700 |
| 2019 | $8,620 | $801,100 | $272,200 | $528,900 |
| 2018 | $7,364 | $651,100 | $262,500 | $388,600 |
| 2017 | $7,163 | $613,800 | $244,800 | $369,000 |
| 2016 | $6,660 | $531,500 | $211,700 | $319,800 |
| 2015 | $6,102 | $483,900 | $188,700 | $295,200 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Myers
Seller's Agent in 2021
Chad Myers
Mr. Chaddles Real Estate
(857) 222-6677
1 in this area
13 Total Sales
-
Simon Gray
Buyer's Agent in 2021
Simon Gray
Coldwell Banker Realty - Newton
(781) 290-7454
1 in this area
34 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72700983
APN: SOME-000071-D000000-000044
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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