NOT LISTED FOR SALE

Estimated Value: $1,380,000 - $1,625,000

8 Beds
3 Baths
3,533 Sq Ft
$425/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,325,000 $375 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,974/month

6 Days on Market

Highlights

  • Property is near public transit and schools
  • Wood Flooring
  • Park
  • Somerville High School Rated A-
  • Jogging Path
  • 3-minute walk to Nathan Tufts Park

About This Home

As of August 2021

Location Location Location! Well maintained 3-family located within minutes of Tufts University, Ball Square, and Davis Square! Unit 1 is a Philly-style unit with 3 beds, 1 bath and is currently rented. Second floor, unit 2, includes 3 beds, 1 bath and is currently rented. Third floor, unit 3, includes 2 beds, 1 bath and is currently rented. All leases are up for renewal 8/31/2021. Fantastic location near shops, restaurants, two blocks from the new Green Line stop at Ball Square, and 0.5 mi to Davis Square T-Stop. A great property to call home or a savvy investment opportunity.

Last Agent to Sell the Property

Ed Greable

Keller Williams Realty Boston Northwest Listed on: 06/16/2021

Keller Williams Realty Boston Northwest

Last Buyer's Agent

John O'Neil

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,513

Year Built

  • Built in 1905

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3,533 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Washer

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit and schools

Utilities

  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $6,550
  • Rent includes unit 1(none), unit 2(none), unit 3(none)
  • Assessor Parcel Number M:19 B:D L:3,749739

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $78,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,513

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1905
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Hardwood Floors)
  • Interior Amenities: Unit 1(Philadelphia,Crown Molding,Bathroom With Tub), Unit 2(Bathroom With Tub), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Refrigerator,Washer,Dryer), Unit 3(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3533
  • Stories Total: 6
  • MAIN LO: BB5474
  • MAIN SO: BB5918

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Public School, T-Station, University
  • Rent Includes: Unit 1(None), Unit 2(None), Unit 3(None)

Lot Info

  • Parcel Number: M:19 B:D L:3,749739
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.8
  • Lot Size Units: Acres
  • LOT SIZE: 3336

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12513

Multi Family

  • Net Operating Income: 78600
  • Number Of Units Total: 3
  • Total Actual Rent: 6550
  • LEVELS 1: 2
  • 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

Listed on
Jun 16, 2021
Closed on
Aug 28, 2021
Sold by
Preysman Daniel B and Gerson-Nieder Jessie
Bought by
40 Crescent Street 3 Llc
Seller's Agent
Ed Greable
Keller Williams Realty Boston Northwest
Buyer's Agent
John O'Neil
Gibson Sotheby's International Realty
List Price
$1,295,000
Sold Price
$1,325,000
Premium/Discount to List
$30,000
2.32%
Current Estimated Value
$1,500,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,694
Avg. Annual Appreciation
2.90%

Purchase Details

Closed on
Mar 27, 2015
Sold by
Dj 746 Broadway Rt and Preysman Daniel B
Bought by
Preysman Daniel B and Gerson-Nieder Jessie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2014
Sold by
Ltpg Rt
Bought by
Dg 746 Broadway Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,306
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2007
Sold by
Tsai Linda M
Bought by
Ltpg Rt and Tsai Linda M

Purchase Details

Closed on
May 19, 1988
Sold by
Nelson Ronald R
Bought by
Tsai Leo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
10.13%
Mortgage Type
Purchase Money Mortgage
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
40 Crescent Street 3 Llc $1,325,000 None Available
Preysman Daniel B -- --
Dg 746 Broadway Rt $831,633 --
Dg 746 Broadway Rt $831,633 --
Ltpg Rt -- --
Tsai Leo J $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Preysman Daniel B $645,300
Previous Owner Dg 746 Broadway Rt $665,306
Previous Owner Tsai Leo J $196,000
Previous Owner Tsai Leo J $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $1,325,000 +2.3% $375 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $1,295,000 -- $367 / 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 $14,454 $1,324,800 $685,900 $638,900
2024 $13,644 $1,297,000 $685,900 $611,100
2023 $13,351 $1,291,200 $685,900 $605,300
2022 $13,190 $1,295,700 $653,200 $642,500
2021 $12,513 $1,228,000 $648,500 $579,500
2020 $12,000 $1,189,300 $648,900 $540,400
2019 $11,364 $1,056,100 $590,700 $465,400
2018 $10,745 $950,000 $537,000 $413,000
2017 $10,582 $906,800 $506,600 $400,200
2016 $10,405 $830,400 $452,400 $378,000
2015 $9,915 $786,300 $417,800 $368,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72850746

MLS Property Information Network (MLS PIN)

APN: SOME-000019-D000000-000003