NOT LISTED FOR SALE

74 Morrison Ave Somerville, MA 02144

Ball Square Neighborhood

Estimated Value: $1,550,000 - $2,385,000

7 Beds
4 Baths
3,475 Sq Ft
$605/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $2,200,000 $633 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,321/month

7 Days on Market

Highlights

  • Property is near public transit
  • Jogging Path
  • Tandem Parking
  • Somerville High School Rated A-
  • Porch
  • 1-minute walk to Lexington Park

About This Home

As of July 2022

Completely TURNKEY three family investment right on the bike path to Davis Square! Property was gut rehabbed in 2016 which included all new systems, open layouts, modern appliances and fixtures, and refinished flooring. All the hard work has been done on this one - perfect for an investor looking for a stabilized asset, owner occupant, or condo conversion. Property has a driveway that can accommodate four cars and a well maintained yard with patio. Each unit has its own private decks, central AC, and laundry in unit. Value add opportunities include rent increases and use of water/sewer submetering (installed but not currently in use). This is a truly rare chance to acquire a well sorted investment in a strong rental area with historically high appreciation - take a look today!

Last Agent to Sell the Property

Tyler Munroe

Tyler Munroe Listed on: 05/09/2022

Last Buyer's Agent

Andrew Junas

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,979

Year Built

  • Built in 1900

Lot Details

  • 4,313 Sq Ft Lot
  • Level Lot

Home Design

  • 3,475 Sq Ft Home
  • Triplex
  • Stone Foundation

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Washer

Parking

  • 4 Car Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • 3 Cooling Zones
  • 3 Heating Zones
  • Heating Available
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $9,375
  • Assessor Parcel Number 751244

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $38,961
  • Net Operating Income $76,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,979

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Family Room), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 3(Wall Oven,Dishwasher,Microwave,Washer,Dryer), Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Unfinished
  • Living Area: 3475
  • Stories Total: 6
  • MAIN LO: AN3324
  • MAIN SO: NB3534

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Tandem
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Walk/Jog Trails, Bike Path, T-Station, University

Lot Info

  • Parcel Number: 751244
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4313
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 19978.57

Multi Family

  • Net Operating Income: 76088
  • Number Of Units Total: 3
  • Operating Expense: 38961
  • Total Actual Rent: 9375
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2025
Sold by
Byers Ruth J
Bought by
Ruth J Byers Ret and Byers
Current Estimated Value
$2,170,358

Purchase Details

Listed on
May 9, 2022
Closed on
Jul 15, 2022
Sold by
Somerville 74 Morrison
Bought by
Byers Ruth J
Seller's Agent
Tyler Munroe
Tyler Munroe
Buyer's Agent
Andrew Junas
Redfin Corp.
List Price
$2,199,000
Sold Price
$2,200,000
Premium/Discount to List
$1,000
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.33%
Original Mortgage
$1,430,000
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 6, 2017
Closed on
Oct 20, 2017
Sold by
Buster Bronze Llc
Bought by
74 Morrison Llc
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Debbie Lewis
Compass
List Price
$1,848,000
Sold Price
$1,902,000
Premium/Discount to List
$54,000
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$1,236,300
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 10, 2014
Closed on
Nov 7, 2014
Sold by
Tabor Leslie J and Tabor Robert C
Bought by
Buster Bronze Llc
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Jason Korb
Thread Real Estate, LLC
List Price
$875,000
Sold Price
$1,050,000
Premium/Discount to List
$175,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.31%
Original Mortgage
$1,050,000
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 10, 2014
Closed on
Oct 24, 2014
Sold by
Tabor Leslie J and Masison Susan J
Bought by
Tabor Leslie J
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Jason Korb
Thread Real Estate, LLC
List Price
$875,000
Sold Price
$1,050,000
Premium/Discount to List
$175,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2008
Sold by
Moore Ft and Tabor
Bought by
Tabor Leslie Jeanne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ruth J Byers Ret -- --
Ruth J Byers Ret -- --
Byers Ruth J $2,200,000 None Available
Byers Ruth J $2,200,000 None Available
74 Morrison Llc $1,902,000 --
74 Morrison Llc $1,902,000 --
Buster Bronze Llc $1,050,000 --
Buster Bronze Llc $1,050,000 --
Tabor Leslie J -- --
Tabor Leslie J -- --
Tabor Leslie Jeanne -- --
Tabor Leslie Jeanne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Byers Ruth J $1,430,000
Previous Owner 74 Morrison Llc $1,236,300
Previous Owner Buster Bronze Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2022 07/15/22 Sold $2,200,000 0.0% $633 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $2,199,000 +15.6% $633 / Sq Ft
10/20/2017 10/20/17 Sold $1,902,000 +2.9% $547 / Sq Ft View Prior Sale
09/14/2017 09/14/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $1,848,000 +76.0% $532 / Sq Ft
11/07/2014 11/07/14 Sold $1,050,000 +20.0% $302 / Sq Ft View Prior Sale
10/08/2014 10/08/14 Pending -- -- --
09/10/2014 09/10/14 For Sale $875,000 -- $252 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $23,387 $2,143,600 $742,200 $1,401,400
2024 $21,909 $2,082,600 $742,200 $1,340,400
2023 $21,403 $2,069,900 $742,200 $1,327,700
2022 $20,464 $2,010,200 $706,900 $1,303,300
2021 $19,128 $1,877,100 $701,700 $1,175,400
2020 $18,146 $1,798,400 $702,200 $1,096,200
2019 $17,035 $1,583,200 $639,200 $944,000
2018 $13,028 $1,151,900 $581,100 $570,800
2017 $12,855 $1,101,500 $548,300 $553,200
2016 $7,909 $631,200 $489,600 $141,600
2015 $9,536 $756,200 $452,100 $304,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tyler Munroe

    Tyler Munroe

    (508) 982-5451

    1 in this area

    9 Total Sales

    Tyler Munroe
    Section Image
  • Lisa Drapkin

    Seller's Agent in 2017

    Lisa Drapkin

    Compass

    (617) 930-1288

    72 Total Sales

    Lisa Drapkin
    Section Image

  • D

    Buyer's Agent in 2017

    Debbie Lewis

    Compass

    (617) 461-6797

    Debbie Lewis
    Section Image

  • J

    Buyer's Agent in 2014

    Jason Korb

    Thread Real Estate, LLC

    (617) 513-6320

    1 Total Sale

    Jason Korb
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72978326

MLS Property Information Network (MLS PIN)

APN: SOME-000028-J000000-000010

Massachusetts Middlesex County Somerville 02144 Ball Square

74 Morrison Ave, Somerville, MA

Not Listed for Sale

MultiFamily

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