NOT LISTED FOR SALE
13 Beds
12 Baths
6,509 Sq Ft
7,405 Sq Ft Lot

Last Sold December 15, 2021

Last sale price $3,950,000 $607 Per Sq Ft

47 Days on Market

Highlights

  • 6 Cooling Zones
  • Somerville High School Rated A-
  • 2-minute walk to Chuckie Harris Park

About This Home

As of December 2021

Rare opportunity to purchase a beautiful new renovation 6 family property featuring a mix of 2-3 bedroom/2 bath units, each with parking and private outdoor space, all steps from the shops and restaurants on Broadway. The units are renovated to a high-end condominium quality with white shaker kitchens, stainless steel appliances, quartz countertops, tile baths, hardwood floors, crown moldings, in-unit laundry, central HVAC with air conditioning and a high attention to detail and craftsmanship. The property is situated on an oversized 7375 sq/ft lot with a large parking lot for 6 vehicles plus a spacious rear yard. This is an amazing A+ investment grade asset in a popular Somerville location. 3 units currently occupied with a rent roll of $10,545/month. 3 additional similar sized units are vacant and ready to rent. Make this the asset you pass down through the generations. Call for a private showing today!

Last Agent to Sell the Property

The Residential Group

William Raveis R.E. & Home Services Listed on: 09/21/2021

William Raveis R.E. & Home Services

Last Buyer's Agent

Ning Sun

United Real Estate, LLC

United Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 7,405

Interior Spaces

  • Property has 1 Level

Utilities

  • 6 Cooling Zones
  • 6 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: One way street between Brooks Street and Broadway
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Renovated Since
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 3(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 4(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Has Basement: Full, Interior Entry, Bulkhead
  • MAIN LO: M59500
  • MAIN SO: AN1807
  • Full Bathrooms: 12
  • Total Bedrooms: 13
  • Door Features: Insulated Doors
  • Fireplace: No
  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Unit 1(Crown Molding,Stone/Granite/Solid Counters,Open Floor Plan), Unit 2(Crown Molding,Stone/Granite/Solid Counters,Open Floor Plan), Unit 3(Crown Molding,Stone/Granite/Solid Counters,Open Floor Plan), Unit 4(Crown Molding,Stone/Granite/Solid Counters,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Stories: 10
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Rubber
  • Exterior Features: Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Foundation Details: Brick/Mortar
  • Construction Type: Frame
  • Disclosures: 6 Family. Units 1-5 As Noted. Unit #6 Is A 5 Room 2 Bedroom/2 Bath Unit. Photos Are Virtually Staged.
  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)
  • Heating: Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air), Unit 4(Forced Air)
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 6
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station

Lot Info

  • LOT SIZE: 7375
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 7405.2
  • Zoning: RB

Multi Family

  • LEVELS 1: 1
  • COOLING UNITS: 6
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2
  • Annual Gross Income: 126540
  • Property Net Operating Income: 126540
  • Number Of Units Total: 6
  • Total Actual Rent: 10545

Tax Info

  • Tax Annual Amount: 16722
  • Tax Book Number: 73242
  • Tax Year: 2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2021 12/15/21 Sold $3,950,000 -4.8% $607 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $4,150,000 +130.6% $638 / Sq Ft
09/06/2019 09/06/19 Sold $1,800,000 0.0% $369 / Sq Ft View Prior Sale
07/08/2019 07/08/19 Pending -- -- --
07/01/2019 07/01/19 Off Market $1,800,000 -- --
05/10/2019 05/10/19 Price Changed $2,600,000 -13.3% $533 / Sq Ft
05/01/2019 05/01/19 For Sale $3,000,000 0.0% $615 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $3,000,000 -- $615 / 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 $41,603 $3,813,300 $567,400 $3,245,900
2024 $40,013 $3,803,500 $567,400 $3,236,100
2023 $35,086 $3,393,200 $567,400 $2,825,800
2022 $24,104 $2,367,800 $540,400 $1,827,400
2021 $19,329 $1,896,900 $514,700 $1,382,200
2020 $16,722 $1,657,300 $494,900 $1,162,400
2019 $14,687 $1,365,000 $402,700 $962,300
2018 $12,158 $1,075,000 $366,100 $708,900
2017 $11,369 $974,200 $345,400 $628,800
2016 $9,517 $759,500 $242,600 $516,900
2015 $9,057 $718,200 $241,300 $476,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72897796

MLS Property Information Network (MLS PIN)