Seller's Agent in 2022
Nellie Aikenhead
Aikenhead Real Estate, Inc.
(781) 228-9303
1 in this area
91 Total Sales
7 Gorham Rd Medford, MA 02155
West Medford NeighborhoodEstimated Value: $1,224,000 - $1,474,874
6
Beds
3
Baths
3,632
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- Deck
- 5-minute walk to West Medford
- Tennis Courts
- Property is near public transit and schools
- Wood Flooring
- Jogging Path
About This Home
As of November 2022Great opportunity for owner occupants and investors to capture record high rents! Spacious, well maintained West Medford two-family just steps to commuter rail, Bistro 5, Playstead Park, yet on a quiet tree lined side street! Move in ready. Lower unit is 6 rooms, 2 bed, 1 bath, rented through 8/31/23 @ $2500 per month; upper is 8/4/2, vacant. Both units have updated kitchens w gas stoves, dishwashers, disposals; upper level has stainless Bosch appliances installed 2015. Dining rooms with china cabinets and bay windows, roomy living rooms w bay windows, plenty of closets. Hardwood floors, high ceilings, replacement windows, beautiful light. 1st fl bath gut renovated in 2020. Roof 2017. Walls insulated 2016. Hot water tanks 2019. Gas heat/cooking, Burnham boilers. Complete list of updates attached. Partially fenced level yard, front porches, back deck. Two car garage. It's a quick trip to Boston via Commuter Rail to North Station or via Express Bus #326 to Haymarket!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,964
Year Built
- Built in 1908 | Remodeled
Lot Details
- 4,848 Sq Ft Lot
- Level Lot
Parking
- 2 Car Garage
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,632 Sq Ft Home
- Property has 1 Level
- Washer
Kitchen
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Patio
- Porch
Location
- Property is near public transit and schools
Schools
- Brooks Elementary School
- Tbd Middle School
- Medford High School
Utilities
- Cooling Available
- 2 Heating Zones
- Heating Available
- 100 Amp Service
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,500
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:J03 B:0056,634733
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Shops
Recreation
- Tennis Courts
- Park
- Jogging Path
Building Details
- Insurance Expense $1,463
- Water Sewer Expense $1,450
- Operating Expense $3,513
- Net Operating Income $66,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2014
Closed on
Dec 12, 2014
Sold by
Claffee James R and Claffee Marjia R
Bought by
Orchestrated Media Llc
Seller's Agent
Shawn Sullivan
RE/MAX Andrew Realty Services
Buyer's Agent
Nellie Aikenhead
Aikenhead Real Estate, Inc.
List Price
$695,000
Sold Price
$720,000
Premium/Discount to List
$25,000
3.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$641,469
Avg. Annual Appreciation
5.81%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Orchestrated Media Llc | $720,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2022 11/04/22 | Sold | $1,150,000 | 0.0% | $317 / Sq Ft | |
| 09/28/2022 09/28/22 | Pending | -- | -- | -- | |
| 09/15/2022 09/15/22 | For Sale | $1,150,000 | +59.7% | $317 / Sq Ft | |
| 12/12/2014 12/12/14 | Sold | $720,000 | +3.6% | $204 / Sq Ft | View Prior Sale |
| 11/13/2014 11/13/14 | For Sale | $695,000 | -- | $197 / 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 | $10,973 | $1,246,900 | $446,000 | $800,900 |
| 2024 | $10,084 | $1,183,600 | $424,800 | $758,800 |
| 2023 | $9,878 | $1,142,000 | $397,000 | $745,000 |
| 2022 | $9,964 | $1,105,900 | $360,900 | $745,000 |
| 2021 | $9,311 | $989,500 | $343,700 | $645,800 |
| 2020 | $9,180 | $1,000,000 | $343,700 | $656,300 |
| 2019 | $8,744 | $910,800 | $312,400 | $598,400 |
| 2018 | $8,308 | $811,300 | $284,000 | $527,300 |
| 2017 | $7,788 | $737,500 | $265,400 | $472,100 |
| 2016 | $7,599 | $679,100 | $241,300 | $437,800 |
| 2015 | $6,660 | $569,200 | $229,800 | $339,400 |
Source: Public Records
Agents Affiliated with this Home
-
Nellie Aikenhead
-
Mark Halliday
M
Seller Co-Listing Agent in 2022
Mark Halliday
Aikenhead Real Estate, Inc.
(781) 883-7042
1 in this area
21 Total Sales
-
Doug Hills
Buyer's Agent in 2022
Doug Hills
Compass
(617) 863-2317
1 in this area
26 Total Sales
-
Shawn Sullivan
Seller's Agent in 2014
Shawn Sullivan
RE/MAX
(781) 727-4069
1 in this area
98 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73037005
APN: MEDF-000003-000000-J000056
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.
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