NOT LISTED FOR SALE

Estimated Value: $1,429,000 - $1,571,000

9 Beds
3 Baths
3,009 Sq Ft
$497/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $1,430,000 $475 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,328/month

1 Day on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Porch
  • Somerville High School Rated A-
  • Jogging Path
  • Tandem Parking

About This Home

As of August 2023

OPEN HOUSES CANCELLED. Accepted offer: Excellent updated 3 unit investment property near Assembly Row in Somerville. Each unit features 9 foot ceilings, hardwood floors, and condo quality Kitchens and baths from a timeless 2018 renovation. The units all have similar layouts with 2 large bedrooms and one smaller one with access to their own private deck. Heating systems/HW tanks were replaced in the last 5 years. Electrical was updated in 2016/2017.The basement has two sets of coin-op washer/dryers and storage units. The long driveway on the side of the house can fit 2-3 cars in tandem. Rents are approximately $1000 in total below market rate. Units 2 and 3 have a lease in place until May 31, 2024. Unit 1 will be vacating at the end of August.

Last Agent to Sell the Property

The Moving Great Boston Team

Berkshire Hathaway HomeServices Warren Residential Listed on: 07/05/2023

Berkshire Hathaway HomeServices Warren Residential

Last Buyer's Agent

Shannon Sloane

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,829

Year Built

  • Built in 1900

Lot Details

  • 2,395 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 3,009 Sq Ft Home
  • 3-Story Property
  • Insulated Windows
  • Window Screens
  • Storm Doors
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Connected

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $7,950
  • Rent includes unit 2(water)
  • Assessor Parcel Number M:46 B:F L:21,754381

Community Details

Recreation

  • Park
  • Jogging Path

Additional Features

  • 3 Units
  • Shops
  • Net Operating Income $95,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,829

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl,Varies Per Unit
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room, Washer Hookup
  • Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Concrete, Unfinished
  • Living Area: 3009
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN2213
  • LIST PRICE PER Sq Ft: 440.35
  • PRICE PER Sq Ft: 475.24
  • MAIN SO: AN2314

Exterior Features

  • Exterior Features: Porch,Screens,Fenced Yard
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, On Street, Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Heating: Unit 2(Forced Air)
  • Electric: Circuit Breakers, 100 Amp Service, Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, T-Station, Sidewalks
  • Rent Includes: Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:46 B:F L:21,754381
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2395
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12829
  • Tax Book Number: 0

Multi Family

  • Gross Income: 95400
  • Net Operating Income: 95400
  • Number Of Units Total: 3
  • Total Actual Rent: 7950
  • Basement Included Sq Ft: No
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Edouarzin Peter J $1,144,000
Closed Beaudet Douglas S $1,000,000
Closed Chapman Woodley L $126,000
Closed Chapman Woodley L $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $1,430,000 +7.9% $475 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $1,325,000 +40.1% $440 / Sq Ft
01/25/2018 01/25/18 Sold $946,000 +5.7% $314 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
11/15/2017 11/15/17 For Sale $895,000 -- $297 / 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 $14,151 $1,297,100 $268,200 $1,028,900
2024 $13,171 $1,252,000 $268,200 $983,800
2023 $12,829 $1,240,700 $268,200 $972,500
2022 $12,309 $1,209,100 $255,400 $953,700
2021 $11,739 $1,152,000 $232,000 $920,000
2020 $11,534 $1,143,100 $223,100 $920,000
2019 $10,706 $995,000 $187,700 $807,300
2018 $6,542 $578,400 $170,700 $407,700
2017 $6,395 $548,000 $161,000 $387,000
2016 $5,840 $466,100 $130,700 $335,400
2015 $5,543 $439,600 $130,000 $309,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73132201

MLS Property Information Network (MLS PIN)

APN: SOME-000046-F000000-000021