CU
Claudia Urquijo
Maven Realty
(857) 353-8624
14 Total Sales
1 in Prospect Hill
$715,000 Price
72 Beacon St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $1,787,000 - $2,225,007
13
Beds
6
Baths
3,360
Sq Ft
$603/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
Last Buyer's Agent
Ning Sun
United Real Estate, LLC
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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
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
Listed on
Jul 21, 2023
Closed on
Dec 19, 2023
Sold by
Bought by
Seller's Agent
Dennis Kelleher
Horvath & Tremblay
Buyer's Agent
Ning Sun
United Real Estate, LLC
List Price
$2,200,000
Sold Price
$2,050,000
Premium/Discount to List
-$150,000
-6.82%
Views
54
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
-$22,748
Avg. Annual Appreciation
-0.42%
Purchase Details
Closed on
Mar 2, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Prospect Hill, MA
-
Claudia Urquijo
-
Adam Aroesty
Adam Aroesty
Responds QuicklyHammond Residential Real Estate
(339) 204-9784
32 Total Sales
2 in Prospect Hill
$915K - $1.4M Price Range
-
Tim McDonald
Tim McDonald
Responds Quickly(508) 796-8265
52 Total Sales
1 in Prospect Hill
$1,260,000 Price
-
Nathan Long
Nathan Long
Coldwell Banker Realty - Cambridge
(857) 829-6314
37 Total Sales
5 in Prospect Hill
$850K - $2.3M Price Range
-
Barbara Wales
Barbara Wales
Engel & Volkers Newton
(781) 512-8233
103 Total Sales
1 in Prospect Hill
$865,000 Price
-
Brian Caluori
Brian Caluori
Gibson Sotheby's International Realty
(781) 488-7488
91 Total Sales
1 in Prospect Hill
$825,000 Price
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 |
|---|---|---|---|
| $2,050,000 | None Available | ||
| $1,400,000 | None Available |
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 | $1,320,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
-
D
Seller's Agent in 2023
Dennis Kelleher
Horvath & Tremblay
-
N
Buyer's Agent in 2023
Ning Sun
United Real Estate, LLC
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.
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