Seller's Agent in 2015
Frank Celeste
Gibson Sothebys International Realty
(617) 872-3227
2 in this area
462 Total Sales
8 Medford St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated Value: $2,565,863
6
Beds
5
Baths
3,641
Sq Ft
$705/Sq Ft
Est. Value
About This Home
As of December 2015An Exciting Opportunity in the heart of the Greenline Extension! BA Zoning! 6152SF Lot! Buyers please due your due diligence for future Redevelopment Potential based on Zoning and FAR allowance in this Amazing Location! Currently a 5 Unit Building with 9 Parking Spaces! Corner of Warren St, Cambridge and Medford St, Somerville, right near Lechmere T station! 4 Residential Units and First Floor Commercial Space! Strong Current Monthly Rent Roll with great upside! All separate systems! 2 Curb cuts into parking lot! One the Most desirable areas undergoing Major Redevelopment in Somerville! 100 units being developed directly across the street by a noted institutional developer! Endless possibilities! Minutes from Twin City Plaza, Cambridge Street & Inman Square, Bus & T! Don't Miss this chance to be part of the Future Development of this Thriving Neighborhood!
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 09/28/2015
Property Details
Home Type
Multi-Family
Year Built
1900
Lot Details
0
Listing Details
- Lot Description: Corner, Level
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1900
Interior Features
- Has Basement: Yes
- Number of Rooms: 16
- Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Public School, T-Station, University
- Electric: 200 Amps
- Energy: Insulated Windows
- Flooring: Wood, Wall to Wall Carpet
- Basement: Full
Exterior Features
- Roof: Rubber
- Construction: Frame
- Exterior: Vinyl, Brick
- Foundation: Concrete Block, Brick
Garage/Parking
- Parking: Off-Street, Deeded, Improved Driveway
- Parking Spaces: 9
Utilities
- Heat Zones: 5
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 5
Lot Info
- Assessor Parcel Number: 113-B-4
- Zoning: BA
Multi Family
- Cooling Units: 1
- Foundation: 1221
- Heat Units: 5
- Total Bedrooms: 6
- Total Floors: 11
- Total Full Baths: 5
- Total Levels: 3
- Total Rms: 12
- Total Rent_1: 4990
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2015
Closed on
Dec 2, 2015
Sold by
Fud Llc
Bought by
Medford Properties Llc
Seller's Agent
Frank Celeste
Gibson Sotheby's International Realty
Buyer's Agent
Frank Celeste
Gibson Sotheby's International Realty
List Price
$1,350,000
Sold Price
$1,350,000
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
$1,215,863
Avg. Annual Appreciation
6.62%
Original Mortgage
$984,000
Outstanding Balance
$777,135
Interest Rate
3.83%
Mortgage Type
Commercial
Estimated Equity
$1,788,728
Purchase Details
Closed on
Jul 24, 2012
Sold by
Bairos Maria and Bairos Manuel P
Bought by
Fud Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
May 19, 1993
Sold by
New England Fdl Svgs
Bought by
Bairos Manuel P and Bairos Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.54%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 27, 1991
Sold by
Oriordan Marie C
Bought by
Ne Fedl Sb
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Medford Properties Llc | $1,350,000 | -- | |
| Fud Llc | $540,000 | -- | |
| Bairos Manuel P | $100,000 | -- | |
| Ne Fedl Sb | $130,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Medford Properties Llc | $984,000 | |
| Previous Owner | Fud Llc | $300,000 | |
| Previous Owner | Ne Fedl Sb | $70,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2015 12/02/15 | Sold | $1,350,000 | 0.0% | $371 / Sq Ft |
| 10/09/2015 10/09/15 | Pending | -- | -- | -- |
| 09/28/2015 09/28/15 | For Sale | $1,350,000 | -- | $371 / 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 | -- | $1,212,600 | $807,000 | $405,600 |
| 2024 | -- | $1,212,600 | $807,000 | $405,600 |
| 2023 | $0 | $1,204,700 | $807,000 | $397,700 |
| 2022 | $0 | $1,204,700 | $807,000 | $397,700 |
| 2021 | $4,326 | $1,204,700 | $807,000 | $397,700 |
| 2020 | $14,559 | $1,204,700 | $807,000 | $397,700 |
| 2019 | $0 | $1,134,900 | $768,500 | $366,400 |
| 2018 | $3,653 | $1,124,400 | $768,500 | $355,900 |
| 2017 | $3,684 | $1,065,300 | $725,100 | $340,200 |
| 2016 | -- | $571,800 | $336,100 | $235,700 |
| 2015 | -- | $555,900 | $320,200 | $235,700 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Celeste
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71911273
APN: SOME-000113-B000000-000004
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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