D
Seller's Agent in 2023
Dennis Kelleher
Horvath & Tremblay
72 Beacon St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,970,000 - $2,329,000
13
Beds
6
Baths
3,360
Sq Ft
$635/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit and schools
- Tennis Courts
- Somerville High School Rated A-
- Community Pool
- 5-minute walk to Perry Park
About This Home
As of December 202372 Beacon Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 5.93% cap rate on current income. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, dishwashers and laundry in each unit. Additionally, all of the building’s mechanicals have been replaced. Building amenities include a private yard, and two off-street parking spaces. Somerville’s outlook is bright, and rental continues at a steady rate. The submarket continues to accelerate as the city’s transportation infrastructure expands and rents are expected to rise over the coming years.
Last Agent to Sell the Property
Dennis Kelleher
Horvath & Tremblay Listed on: 07/21/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,354
Year Built
- Built in 1900
Lot Details
- 4,356
Home Design
- Brick Foundation
- Rubber Roof
Interior Spaces
- 3,360 Sq Ft Home
- Storage
- Washer
- Unfinished Basement
Bedrooms and Bathrooms
- 13 Bedrooms
- 6 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- Cooling Available
- 3 Cooling Zones
- 3 Heating Zones
- Heating Available
- Separate Meters
Additional Features
- 4,356 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $13,600
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 757218
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Building Details
- Operating Expense $32,828
- Net Operating Income $130,372
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2023 12/21/23 | Sold | $2,050,000 | -6.8% | $610 / Sq Ft |
| 09/05/2023 09/05/23 | Pending | -- | -- | -- |
| 07/21/2023 07/21/23 | For Sale | $2,200,000 | -- | $655 / 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 | $21,489 | $1,969,700 | $815,900 | $1,153,800 |
| 2024 | $16,731 | $1,590,400 | $815,900 | $774,500 |
| 2023 | $16,354 | $1,581,600 | $815,900 | $765,700 |
| 2022 | $14,515 | $1,425,800 | $777,000 | $648,800 |
| 2021 | $13,918 | $1,365,800 | $740,000 | $625,800 |
| 2020 | $13,494 | $1,337,400 | $711,600 | $625,800 |
| 2019 | $12,412 | $1,153,500 | $604,300 | $549,200 |
| 2018 | $10,778 | $953,000 | $549,400 | $403,600 |
| 2017 | $10,278 | $880,700 | $497,600 | $383,100 |
| 2016 | $10,290 | $821,200 | $489,100 | $332,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Ning Sun
Buyer's Agent in 2023
Ning Sun
United Real Estate, LLC
(781) 386-7257
3 in this area
256 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73139139
APN: SOME-000066-D000000-000014
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.
Nearby Homes
- 5 Waldo Ave Unit 2A
- 33 Beacon St
- 31 Roberts Rd
- 13 Roberts Rd
- 106 Ellery St
- 71 Oak St
- 63 Oak St Unit 3
- 61 Dana St Unit 4
- 54 Oak St
- 31 Houghton St Unit B
- 31 Houghton St Unit A
- 114 Inman St Unit 3
- 2 Ellery Square
- 142 Amory St Unit Front
- 60 Ellery St
- 80 Newton St Unit 2
- 43 Park St Unit 18
- 8 Chatham St Unit 4
- 329 Harvard St Unit 1
- 27 West St Unit 2
- 72 Beacon St Unit 2
- 72 Beacon St
- 72 Beacon St Unit 1
- 78 & 82 Beacon St
- 78 Beacon St
- 70 Beacon St Unit B
- 70 Beacon St Unit 1
- 70 Beacon St Unit 2
- 70 Line St Unit 2
- 70 Line St
- 70 Line St Unit 1
- 70 Line St Unit C
- 70 Line St Unit 3
- 70 Line St Unit B
- 7 Cooney St
- 72 Line St Unit 3
- 72 Line St Unit 2
- 72 Line St Unit 1
- 72 Line St Unit 72
- 5 Cooney St Unit 2