C
Seller's Agent in 2022
Carey Gatto
Keller Williams Realty Boston Northwest
7 Bay State Ave Somerville, MA 02144
Estimated Value: $1,513,014 - $1,843,000
7
Beds
3
Baths
3,423
Sq Ft
$492/Sq Ft
Est. Value
Highlights
- Medical Services
- City View
- Property is near public transit
- Somerville High School Rated A-
- Deck
- 3-minute walk to Nathan Tufts Park
About This Home
As of May 2022Terrific investment opportunity near vibrant Ball Square, Somerville, steps to the new Green Line extension T stop! This 3-family consists of a Philly-style 3-BR & two 2-BR units, all in good condition! The units feature HW floors, forced air gas heat, gas stoves, front & rear decks & original woodwork! The property has been professionally managed & updated. Unit 2 has a lead paint compliance certificate & features an orig tin ceiling in the kitchen. Current rents below market: See Firm Remarks. Unit 2 turns over 6/1 for $2600/month. Driveway parking + a 2-car garage currently used for storage & yard. This building is ALWAYS rented w/ great tenants, & the location will become even more desirable with the incoming Ball Square T stop! Walking distance to Soundbites restaurant, True Grounds Cafe, Taco Party, Lyndell's Bakery, Powderhouse Park & Tufts University! Easy commute to Boston and Cambridge. Don't miss this unique opportunity!
Last Agent to Sell the Property
Carey Gatto
Keller Williams Realty Boston Northwest License #449546684 Listed on: 04/05/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,800
Year Built
- Built in 1905
Lot Details
- 3,485
Parking
- 2 Car Garage
- Tandem Parking
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,423 Sq Ft Home
- Insulated Windows
- City Views
- Dishwasher
- Washer and Gas Dryer Hookup
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Deck
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- 3 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Energy-Efficient Thermostat
- 3,485 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $6,500
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:19 B:E L:5,749760
Community Details
Overview
- 3 Units
- Property has 2 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $4,501
- Water Sewer Expense $1,900
- Operating Expense $14,437
- Net Operating Income $36,563
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 6, 2015
Sold by
Holcombe Robert R
Bought by
R Reed Holcombe 3Rd Lt
Current Estimated Value
Purchase Details
Closed on
Jun 1, 1995
Sold by
Ferguson Earl J and Ferguson John V
Bought by
Holcombe Robert R and Pucek Joseph J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,150
Interest Rate
8.2%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| R Reed Holcombe 3Rd Lt | -- | -- | |
| Holcombe Robert R | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bielmeier Douglas C | $1,087,500 | |
| Previous Owner | Holcombe Robert R | $207,100 | |
| Previous Owner | Holcombe Robert R | $200,000 | |
| Previous Owner | Ferguson Earl J | $15,000 | |
| Previous Owner | Ferguson Earl J | $202,150 | |
| Previous Owner | Ferguson Earl J | $10,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2022 05/31/22 | Sold | $1,450,000 | -3.3% | $424 / Sq Ft |
| 04/13/2022 04/13/22 | Pending | -- | -- | -- |
| 04/05/2022 04/05/22 | For Sale | $1,499,000 | -- | $438 / 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 |
|---|---|---|---|---|
| 2025 | $15,092 | $1,383,300 | $704,700 | $678,600 |
| 2024 | $14,245 | $1,354,100 | $704,700 | $649,400 |
| 2023 | $13,461 | $1,301,800 | $704,700 | $597,100 |
| 2022 | $12,800 | $1,257,400 | $671,100 | $586,300 |
| 2021 | $12,186 | $1,195,900 | $666,300 | $529,600 |
| 2020 | $11,717 | $1,161,200 | $666,700 | $494,500 |
| 2019 | $11,124 | $1,033,800 | $606,900 | $426,900 |
| 2018 | $10,554 | $933,200 | $551,800 | $381,400 |
| 2017 | $10,391 | $890,400 | $520,500 | $369,900 |
| 2016 | $10,201 | $814,100 | $464,900 | $349,200 |
| 2015 | $9,708 | $769,900 | $429,300 | $340,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Steve Bremis
Steve Bremis Realty Group
(617) 828-1070
12 in this area
207 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72962466
APN: SOME-000019-E000000-000005
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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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