Seller's Agent in 2024
Michael Cohen
Compass
(617) 852-1160
56 Total Sales
7 Simpson Ave Somerville, MA 02144
Estimated Value: $1,820,000 - $1,894,000
9
Beds
4
Baths
3,252
Sq Ft
$569/Sq Ft
Est. Value
Highlights
- Property is near public transit
- 3-minute walk to Davis Station
- Enclosed Patio or Porch
- Somerville High School Rated A-
- Wood Flooring
- 1-minute walk to Hodgkins-Curtin Park
About This Home
As of June 20247 Simpson Avenue presents a remarkable gambrel-style two-family home nestled on a quiet street, directly across from a picturesque park, and just beyond the bustling Davis Square. Boasting a history of great tenants, this property has consistently delivered a steady income. Stepping inside, you'll be greeted by soaring ceilings and gleaming hardwood floors throughout. Unit 1 offers a captivating Philadelphia-style layout with 4 bedrooms and 2 baths, while Unit 2 spans the 2nd and 3rd floors, offering 5 bedrooms and 2 baths. Both units feature enclosed front/ back porches and well-appointed eat-in kitchens equipped with dishwashers. The property also includes forced air systems with the potential to add central air conditioning, a charming backyard, a garage, and parking space for up to 3 cars. Boasting an impressive Walkscore® of 97, this location offers unparalleled convenience.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,368
Year Built
- Built in 1915
Lot Details
- 3,200 Sq Ft Lot
- Fenced
Parking
- 1 Car Garage
- Unpaved Parking
- Open Parking
- Off-Street Parking
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,252 Sq Ft Home
- Property has 2 Levels
- Living Room
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Enclosed Patio or Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating System
- 2 Heating Zones
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $9,300
- Assessor Parcel Number M:16 B:A L:3,749078
Community Details
Recreation
- Park
Additional Features
- 2 Units
- Shops
- Net Operating Income $108,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 18, 2024
Sold by
Hsiao Chung-Yu and Chen Ying-Yu
Bought by
Chen Ying-Yu
Current Estimated Value
Purchase Details
Closed on
Apr 26, 2013
Sold by
Wei Yingjie and Chen Xiaohong
Bought by
Yingjie Wei and Yingjie Jane X
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2012
Sold by
Yingjie and Yingjie Jane X
Bought by
Wei Yingjie and Chen Jane X
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,400
Interest Rate
3.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 14, 2012
Sold by
Yingjie Wei T and Yingjie Wei
Bought by
Wei Yingjie and Chen Jane
Purchase Details
Closed on
Oct 21, 2011
Sold by
Wei Yingjie and Chen Jane
Bought by
Yingjie Wei T and Yingjie Wei
Purchase Details
Closed on
Sep 13, 2011
Sold by
Yingjei Wei and Yingjei Jane Che
Bought by
Wei Yingjei and Chen Jane
Purchase Details
Closed on
Dec 21, 2010
Sold by
Wei Tr Yinjgie and Chen Jane Xiaohong
Bought by
Wei Yingjie and Chen Jane Xiaohong
Purchase Details
Closed on
Jun 22, 2010
Sold by
Wei Tr Yingjie and Chen Jane Xiaohong
Bought by
Wei Yingjie and Chen Jane
Purchase Details
Closed on
Jul 29, 1998
Sold by
Clark Paul W
Bought by
Wei Yingjie and Chen Xiaohong
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Ying-Yu | -- | None Available | |
| Chen Ying-Yu | -- | None Available | |
| Yingjie Wei | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Yingjie Wei T | -- | -- | |
| Yingjie Wei T | -- | -- | |
| Wei Yingjei | -- | -- | |
| Wei Yingjei | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Tr Yingjei | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | -- | -- | |
| Wei Yingjie | $265,000 | -- | |
| Wei Yingjie | $265,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hsiao Chung-Yu | $1,170,000 | |
| Previous Owner | Wei Yingjie | $385,000 | |
| Previous Owner | Wei Yingjie | $387,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2024 06/25/24 | Sold | $1,800,000 | +9.1% | $554 / Sq Ft |
| 04/29/2024 04/29/24 | Pending | -- | -- | -- |
| 04/23/2024 04/23/24 | For Sale | $1,650,000 | -- | $507 / 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 | $17,122 | $1,569,400 | $810,100 | $759,300 |
| 2024 | $16,368 | $1,555,900 | $810,100 | $745,800 |
| 2023 | $15,566 | $1,505,400 | $810,100 | $695,300 |
| 2022 | $14,659 | $1,440,000 | $771,600 | $668,400 |
| 2021 | $14,240 | $1,397,400 | $765,900 | $631,500 |
| 2020 | $13,216 | $1,309,800 | $715,300 | $594,500 |
| 2019 | $3,851 | $1,208,300 | $697,700 | $510,600 |
| 2018 | $11,975 | $1,058,800 | $634,300 | $424,500 |
| 2017 | $3,672 | $1,006,600 | $598,400 | $408,200 |
| 2016 | $11,355 | $906,200 | $534,400 | $371,800 |
| 2015 | $10,871 | $862,100 | $493,500 | $368,600 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Cohen
-
Katherine Malin
Seller Co-Listing Agent in 2024
Katherine Malin
Compass
(781) 799-5981
48 Total Sales
-
Adrian Cheng
A
Buyer's Agent in 2024
Adrian Cheng
Move2Boston Group, LLC
(508) 202-2148
45 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73227544
APN: SOME-000016-A000000-000003
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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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