NOT LISTED FOR SALE
10 Beds
4 Baths
4,467 Sq Ft
3,740 Sq Ft Lot

Sale Details

Date Sold: June 16, 2024

Last sale price $1,820,000 $407 Per Sq Ft

202 Days on Market

Highlights

  • Medical Services
  • 4-minute walk to Davis Station
  • Jogging Path
  • Somerville High School Rated A-
  • Property is near public transit and schools
  • 3-minute walk to Kenney Park

About This Home

As of June 2024

Location! Location! Location! Rare 4 family investment property located in the heart of Davis Square on lovely tree-lined street. Current strong income situation for an investor with great upside potential. Spacious units with tile baths and kitchens, 3 units with in unit laundry, hardwood floors throughout most units. The first floor units have 2 bedrooms and the upper floor (2 level units) have 3 bedrooms. Walk score of 97, close to public transportation, the Somerville Community Bike Path, Tufts University, restaurants, coffee shops, shopping, and all the nightlife Davis Square has to offer. All 4 units have one year leases. Great opportunity for the savvy investor to add this prime Somerville location to their portfolio.

Last Agent to Sell the Property

Shane Marrion

Benoit Real Estate Group ,LLC Listed on: 10/05/2023

Last Buyer's Agent

Yoon Song

Century 21 Shawmut Properties

Century 21 Shawmut Properties
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,229

Year Built

  • Built in 1930

Lot Details

  • 3,740 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 4,467 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $10,650
  • Assessor Parcel Number M:24 B:I L:16,750393

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Insurance Expense $4,000
  • Operating Expense $4,000
  • Net Operating Income $123,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,229

Year Built

Built in 1930

Lot Details

3,740 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1930
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Unfinished
  • Living Area: 4467
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: BB5745
  • MAIN SO: BB2272

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:24 B:I L:16,750393
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3740
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 22229

Multi Family

  • Insurance Expense: 4000
  • Net Operating Income: 123800
  • Number Of Units Total: 4
  • Operating Expense: 4000
  • Total Actual Rent: 10650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2025
Sold by
Lieu Steven and Lieu Deborah
Bought by

Purchase Details

Listed on
Oct 5, 2023
Closed on
Jun 13, 2024
Sold by
Buccelli Rt and Buccelli
Bought by
Lieu Steven and Lieu Deborah
Seller's Agent
Shane Marrion
Benoit Real Estate Group ,LLC
Buyer's Agent
Yoon Song
Century 21 Shawmut Properties
List Price
$2,199,000
Sold Price
$1,820,000
Premium/Discount to List
-$379,000
-17.24%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2017
Sold by
Buccelli John P and Buccelli James J
Bought by
Buccelli Rt and Buccelli

Purchase Details

Closed on
Sep 1, 2009
Sold by
Dwyer Marie E
Bought by
Buccelli James J and Buccelli John P
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Lieu Steven $1,820,000 None Available
Buccelli Rt -- --
Buccelli James J $600,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,250,000
Previous Owner -- $1,260,000
Previous Owner Buccelli Rt $805,000
Closed Buccelli James $840,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2024 06/16/24 Sold $1,820,000 -6.6% $407 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/21/2024 04/21/24 Price Changed $1,949,000 -2.5% $436 / Sq Ft
02/28/2024 02/28/24 Price Changed $1,999,999 -4.7% $448 / Sq Ft
02/16/2024 02/16/24 Price Changed $2,098,876 -4.6% $470 / Sq Ft
02/08/2024 02/08/24 For Sale $2,199,000 +20.8% $492 / Sq Ft
02/07/2024 02/07/24 Off Market $1,820,000 -- --
01/01/2024 01/01/24 Price Changed $2,199,000 -2.2% $492 / Sq Ft
11/15/2023 11/15/23 Price Changed $2,249,000 -4.3% $503 / Sq Ft
11/14/2023 11/14/23 Price Changed $2,349,000 -6.0% $526 / Sq Ft
10/30/2023 10/30/23 Price Changed $2,499,900 -9.1% $560 / Sq Ft
10/05/2023 10/05/23 For Sale $2,750,000 -- $616 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,813 $1,816,000 $1,013,200 $802,800
2024 $22,718 $2,159,500 $1,013,200 $1,146,300
2023 $22,229 $2,149,800 $1,013,200 $1,136,600
2022 $21,394 $2,101,600 $965,000 $1,136,600
2021 $20,499 $2,011,700 $918,900 $1,092,800
2020 $19,453 $1,927,900 $883,600 $1,044,300
2019 $17,059 $1,585,400 $735,400 $850,000
2018 $15,802 $1,397,200 $668,600 $728,600
2017 $14,730 $1,262,200 $630,800 $631,400
2016 $14,665 $1,170,400 $563,300 $607,100
2015 $13,909 $1,103,000 $520,200 $582,800
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73167358

MLS Property Information Network (MLS PIN)
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