T
Seller's Agent in 2019
The Quail Group
eXp Realty
(978) 406-9294
239 Total Sales
61 Myrtle St Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $1,852,000
6
Beds
3
Baths
2,403
Sq Ft
$771/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Porch
- Storage Shed
- Somerville High School Rated A-
- Patio
- 1-minute walk to Symphony Park
About This Home
As of March 2019Development or Owner Occupied Opportunity! Take this 2 Unit with a large lot and add a 3rd unit after passing special permit process*. In 2017 and 2018 condos on Myrtle Street have sold for $700k, $745k, and $782k. After adding 3rd unit you could potentially sell each condo for $650K each (or more). At $650K each you would have a total retail value of $1,950,000. This leaves plenty of room for construction and profit. Seller is looking for an offer that is not contingent upon approval for 3rd unit. (We are told by the planning department that it is very likely to pass but it will take approx. 2-3 months to complete). *Even though it is likely, seller and broker do not guarantee any change of unit number or values stated above. Buyer to buy as is and do their own due diligence.* 1st floor has tenants that are month to month. Showings only at Open Houses Sat and Sun 12-2pm. Offers due by Tuesday at 3pm. Seller will respond to any and all offers Wednesday by 3pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,350
Year Built
- Built in 1900
Lot Details
- 4,792
Flooring
- Wood
- Tile
Outdoor Features
- Patio
- Storage Shed
- Porch
Additional Features
- Year Round Access
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number M:105 B:A L:43
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 3, 2020
Sold by
61 Myrtle Street Llc
Bought by
Blanchette William and Blanchette Brian W
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
$435,000
Outstanding Balance
$389,060
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 16, 2020
Sold by
61 Myrtle Street Llc
Bought by
Nguyen Jonathan and Muner Pilar S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 6, 2020
Sold by
61 Myrtle Street Llc
Bought by
Johnson Sarah and Johnson Arnold
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 30, 1990
Sold by
Magliozzi Lawrence J
Bought by
Pacheco John L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
10.16%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Blanchette William | $835,000 | None Available | |
| Nguyen Jonathan | $960,000 | None Available | |
| Johnson Sarah | $1,039,000 | None Available | |
| Pacheco John L | $190,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Blanchette William | $435,000 | |
| Previous Owner | Nguyen Jonathan | $768,000 | |
| Previous Owner | Johnson Sarah | $831,200 | |
| Previous Owner | Pacheco John L | $4,750 | |
| Previous Owner | Pacheco John L | $5,600 | |
| Previous Owner | Pacheco John L | $180,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2019 03/28/19 | Sold | $1,070,000 | +7.0% | $445 / Sq Ft |
| 08/24/2018 08/24/18 | Pending | -- | -- | -- |
| 08/14/2018 08/14/18 | For Sale | $999,900 | -- | $416 / 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 |
|---|---|---|---|---|
| 2023 | $19,350 | $1,871,400 | $403,800 | $1,467,600 |
| 2022 | $19,051 | $1,871,400 | $403,800 | $1,467,600 |
| 2021 | $19,070 | $1,871,400 | $403,800 | $1,467,600 |
| 2020 | $4,732 | $541,300 | $388,200 | $153,100 |
| 2019 | $3,575 | $689,400 | $322,100 | $367,300 |
| 2018 | $6,485 | $573,400 | $257,500 | $315,900 |
| 2017 | $6,222 | $533,200 | $243,000 | $290,200 |
| 2016 | $5,627 | $449,100 | $170,700 | $278,400 |
| 2015 | $5,625 | $446,100 | $169,800 | $276,300 |
Source: Public Records
Agents Affiliated with this Home
-
The Quail Group
-
Branch Out Residential Team
B
Buyer's Agent in 2019
Branch Out Residential Team
Coldwell Banker Realty - Boston
1 in this area
64 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72378559
APN: SOME-000105-A000000-000043
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.
Nearby Homes
- 57 Myrtle St
- 32 Pinckney St
- 34 - 38 Franklin Ave
- 34 Franklin Ave
- 38 Franklin Ave
- 7 Washington St
- 76 Franklin St
- 20 Lincoln St Unit 1
- 47 Glen St Unit 2
- 3 Franklin St Unit 1
- 3 Franklin St Unit 4
- 3 Franklin St Unit 3
- 3 Franklin St Unit 2
- 34 Knowlton St Unit 2
- 32 Rush St
- 10 Dell St
- 58 Oliver St Unit 2
- 25 Brighton St Unit 1
- 20R Cross St Unit 3
- 147 - 149 Pearl
- 61 Myrtle St Unit 3
- 59 Myrtle St
- 65 Myrtle St
- 46.5 Florence St Unit 2
- 46.5 Florence St Unit 3
- 48 Florence St Unit 3
- 46 Florence St Unit 1
- 52 Florence St Unit 3
- 52 Florence St Unit 2
- 52 1/2 Florence St Unit 1
- 50 Florence St Unit 3
- 50 Florence St Unit 2
- 50 1/2 Florence St Unit 1
- 50 1/2 Florence St Unit 2
- 50 1/2 Florence St Unit 3
- 50 Florence St Unit 1
- 50 Florence St Unit 50-2
- 50 Florence St Unit 50-A
- 50 Florence St Unit 2145
- 55 Myrtle St