NOT LISTED FOR SALE

63 Simpson Ave Somerville, MA 02144

Davis Square Neighborhood

Estimated Value: $1,572,000 - $1,765,855

9 Beds
4 Baths
3,175 Sq Ft
$518/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $1,390,000 $438 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,689/month

12 Days on Market

Highlights

  • Porch
  • Tandem Parking
  • 3-minute walk to Hodgkins-Curtin Park
  • Somerville High School Rated A-

About This Home

As of January 2023

63 Simpson Avenue offers the ability to add value to a well-constructed building and the rare opportunity to acquire an exceptionally well-located asset in one of the hottest real estate markets in a region that is poised for future growth. Located in Somerville’s Davis Square neighborhood, the Property is only 4 blocks from the Davis MBTA Station with service on the Red Line and unparalleled access to Tufts University. The Property consists of a three-story building with two (2) duplex units consisting of one (1), 4-Bedroom/2-Bathroom duplex unit and one (1), 5-Bedroom/2-Bathroom duplex unit with 3,175 square feet of living area in 4,861 square feet of gross area, on a 0.07-acre parcel. The current owner has made many updates throughout the course of ownership providing the opportunity to raise rents to market with the existing condition or to renovate the units to condo-quality to raise rents even further.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 11/04/2022

Last Buyer's Agent

Michael Davis

Prime Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,547

Year Built

  • Built in 1900

Lot Details

  • 3,049

Home Design

  • Duplex
  • Slate Roof

Interior Spaces

  • 3,175 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Tandem Parking

Utilities

  • Separate Meters
  • Gas Water Heater

Additional Features

  • Porch
  • 3,049 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $8,100
  • Assessor Parcel Number 749097

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $25,429
  • Net Operating Income $71,771

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,547

Year Built

Built in 1900

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Living Area: 3175
  • Stories Total: 4
  • MAIN LO: AN2723
  • MAIN SO: NB1080

Exterior Features

  • Foundation Details: Other
  • Patio And Porch Features: Porch
  • Roof: Slate
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Tandem
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public

Lot Info

  • Parcel Number: 749097
  • Zoning: NR
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15547

Multi Family

  • Net Operating Income: 71771
  • Number Of Units Total: 2
  • Operating Expense: 25429
  • Total Actual Rent: 8100
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 3, 2023
Sold by
G2 Development Llc
Bought by
Gilbert Gary
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
Michael Davis
Prime Realty
List Price
$1,350,000
Sold Price
$1,390,000
Premium/Discount to List
$40,000
2.96%
Views
64
Current Estimated Value
$1,646,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,214
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
May 29, 2013
Sold by
Gilbert Gary and Routhier Christine
Bought by
G2 Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 1, 1999
Sold by
Oneill John J
Bought by
Gilbert Gary and Routhier Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Gilbert Gary -- None Available
G2 Development Llc -- --
Gilbert Gary $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner G2 Development Llc $600,000
Previous Owner Gilbert Gary $307,000
Closed Gilbert Gary $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2025 06/01/25 For Rent $4,900 0.0% --
01/06/2023 01/06/23 Sold $1,390,000 +3.0% $438 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $1,350,000 -- $425 / 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 $14,813 $1,357,700 $810,100 $547,600
2024 $14,181 $1,348,000 $810,100 $537,900
2023 $15,939 $1,541,500 $810,100 $731,400
2022 $15,010 $1,474,500 $771,600 $702,900
2021 $14,567 $1,429,500 $765,900 $663,600
2020 $13,517 $1,339,600 $715,300 $624,300
2019 $13,266 $1,232,900 $697,700 $535,200
2018 $12,220 $1,080,500 $634,300 $446,200
2017 $11,987 $1,027,200 $598,400 $428,800
2016 $11,065 $883,100 $534,400 $348,700
2015 $10,581 $839,100 $493,500 $345,600
Source: Public Records

Agents Affiliated with this Home

  • John Pentore

    Seller's Agent in 2023

    John Pentore

    Horvath & Tremblay

    (781) 484-8166

    1 in this area

    45 Total Sales

    John Pentore
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Davis

    Prime Realty

    (617) 233-4485

    1 in this area

    42 Total Sales

    Michael Davis
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73055603

MLS Property Information Network (MLS PIN)

APN: SOME-000016-A000000-000021

Massachusetts Middlesex County Somerville 02144 Davis Square

63 Simpson Ave, Somerville, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) 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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