Seller's Agent in 2025
Michael Albano
(617) 828-7661
2 in this area
11 Total Sales
60 Franklin St Somerville, MA 02145
East Somerville Neighborhood
3
Beds
1.5
Baths
1,828
Sq Ft
5,610
Sq Ft Lot
Highlights
- 0.13 Acre Lot
- Colonial Architecture
- 1 Fireplace
- Somerville High School Rated A-
- Property is near public transit
- 2-minute walk to Glen Park
About This Home
As of June 2025ATTENTION DEVELOPERS, FLIPPERS, OWNER OCCUPANTS. Come one, come all to this amazing and rare East Somerville opportunity to create something brand new, literally up the street from new East Somerville Green Line T-Station, Capuano Early Learning Center, across the street from Glen Park. 5610 sf of corner lot space at the end of Franklin Avenue is waiting for someone with real talent and ambition. Currently features 19th century vintage single family house, large yard, parking area in a neighborhood where new condos are selling for $700 per square foot. Offered at $321/sf. Lot next door has already been developed with new construction units. Don’t miss out on this chance to make your mark on Somerville’s hottest neighborhood. Convenient to Union Sq, Encore, and downtown Boston.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,602
Year Built
- Built in 1890
Lot Details
- 5,610 Sq Ft Lot
- Corner Lot
- Property is zoned RB
Home Design
- Colonial Architecture
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,828 Sq Ft Home
- 1 Fireplace
- Carpet
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 2 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number M:104 B:D L:17,761160
Community Details
Overview
- No Home Owners Association
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 27, 2025
Sold by
181 Pearl St Llc
Bought by
Sixty Franklin Dev Llc
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
$2,400,000
Outstanding Balance
$2,395,521
Interest Rate
6.35%
Mortgage Type
Commercial
Estimated Equity
-$1,560,673
Purchase Details
Listed on
Aug 1, 2024
Closed on
Jun 16, 2025
Sold by
Milligan Shelley Jean Est and Milligan
Bought by
181 Pearlst Llc
Seller's Agent
Michael Albano
Buyer's Agent
Matthew Basteri
Flow Realty, Inc.
List Price
$899,900
Sold Price
$800,000
Premium/Discount to List
-$99,900
-11.1%
Views
1254
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$600,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 9, 2021
Sold by
Martin Jodi F
Bought by
Milligan Shelley J
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,500,000 | -- | |
| Fiduciary Deed | $800,000 | None Available | |
| Fiduciary Deed | $800,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Personal Reps Deed | -- | None Available | |
| Personal Reps Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,400,000 | Commercial | |
| Previous Owner | $600,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $800,000 | -11.1% | $438 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 09/25/2024 09/25/24 | For Sale | $899,900 | 0.0% | $492 / Sq Ft |
| 09/18/2024 09/18/24 | Pending | -- | -- | -- |
| 09/10/2024 09/10/24 | Price Changed | $899,900 | 0.0% | $492 / Sq Ft |
| 09/10/2024 09/10/24 | For Sale | $899,900 | +12.5% | $492 / Sq Ft |
| 08/12/2024 08/12/24 | Off Market | $800,000 | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $999,900 | -- | $547 / 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 | $8,995 | $824,500 | $450,900 | $373,600 |
| 2024 | $8,602 | $817,700 | $450,900 | $366,800 |
| 2023 | $8,163 | $789,500 | $450,900 | $338,600 |
| 2022 | $7,646 | $751,100 | $429,500 | $321,600 |
| 2021 | $7,353 | $721,600 | $423,700 | $297,900 |
| 2020 | $6,900 | $683,800 | $407,300 | $276,500 |
| 2019 | $6,429 | $597,500 | $337,900 | $259,600 |
| 2018 | $5,354 | $473,400 | $270,200 | $203,200 |
| 2017 | $5,518 | $472,800 | $254,900 | $217,900 |
| 2016 | $4,562 | $364,100 | $179,000 | $185,100 |
| 2015 | $4,548 | $360,700 | $178,100 | $182,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Albano
-
Gretchen Chingris
Seller Co-Listing Agent in 2025
Gretchen Chingris
(978) 886-9804
1 in this area
30 Total Sales
-
Matthew Basteri
Buyer's Agent in 2025
Matthew Basteri
Flow Realty, Inc.
(888) 750-3569
1 in this area
85 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73272128
APN: SOME-000104-D000000-000017
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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