Seller's Agent in 2022
Tony Pepdjonovic
Marcus & Millichap Real Estate Investment Services
(617) 896-7277
1 in this area
23 Total Sales
82 Conwell Ave Somerville, MA 02144
West Somerville NeighborhoodEstimated Value: $1,547,000 - $1,825,688
9
Beds
6
Baths
3,144
Sq Ft
$533/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Wood Flooring
- Jogging Path
- Somerville High School Rated A-
- Tennis Courts
- 4-minute walk to North Street Veterans Playground
About This Home
As of September 202282 Conwell Ave is a great opportunity to acquire a classic triple decker in West Somerville walking distance to the prestigious Tufts University and minutes from Teele Square and Davis Square. The property is comprised entirely of 3-Bed/1.5 Bath apartments and features a large parking lot that accommodates 6 vehicles and coin-operated laundry in the basement. The asset generates $9,200 per month and is there is significant upside in the rent roll as comparable units in the neighborhood rent for $3,300-$3,400 per month ($1,100+ per bedroom). The apartments are separately metered and tenants are responsible for paying heat, hot water, and electricity costs. The units feature hardwood floors throughout, granite countertops, and large front and rear porches.
Last Agent to Sell the Property
Marcus & Millichap Real Estate Investment Services Listed on: 08/12/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,423
Year Built
- Built in 1910
Lot Details
- 5,000
Home Design
- Block Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,144 Sq Ft Home
- Wood Flooring
- Unfinished Basement
Bedrooms and Bathrooms
- 9 Bedrooms
Parking
- 6 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Natural Gas Connected
- Gas Water Heater
Additional Features
- Porch
- 5,000 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $9,200
- Assessor Parcel Number 747748
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $25,706
- Net Operating Income $84,694
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2018
Closed on
May 3, 2018
Sold by
Malin Ralph A and Malin Anna
Bought by
Own Tree Llc
Seller's Agent
Katherine Malin
Compass
Buyer's Agent
Katherine Malin
Compass
List Price
$1,295,000
Sold Price
$1,500,000
Premium/Discount to List
$205,000
15.83%
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
$176,922
Avg. Annual Appreciation
2.49%
Original Mortgage
$1,050,000
Interest Rate
4.45%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 30, 2003
Sold by
82 Conwell Ave Rt
Bought by
Malin Ralph A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,200
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Own Tree Llc | $1,500,000 | -- | |
| Malin Ralph A | $612,500 | -- | |
| Malin Ralph A | $612,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lin Min X | $1,000,000 | |
| Closed | Own Tree Llc | $1,050,000 | |
| Previous Owner | Malin Ralph A | $406,000 | |
| Previous Owner | Malin Ralph A | $464,000 | |
| Previous Owner | Malin Ralph A | $465,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2022 09/26/22 | Sold | $1,675,000 | 0.0% | $533 / Sq Ft |
| 08/18/2022 08/18/22 | Pending | -- | -- | -- |
| 08/12/2022 08/12/22 | For Sale | $1,675,000 | +11.7% | $533 / Sq Ft |
| 05/03/2018 05/03/18 | Sold | $1,500,000 | +15.8% | $477 / Sq Ft |
| 04/10/2018 04/10/18 | Pending | -- | -- | -- |
| 04/04/2018 04/04/18 | For Sale | $1,295,000 | -- | $412 / 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 | $16,602 | $1,521,700 | $615,000 | $906,700 |
| 2024 | $15,591 | $1,482,000 | $615,000 | $867,000 |
| 2023 | $15,122 | $1,462,500 | $615,000 | $847,500 |
| 2022 | $14,423 | $1,416,800 | $585,700 | $831,100 |
| 2021 | $14,094 | $1,383,100 | $581,400 | $801,700 |
| 2020 | $13,960 | $1,383,500 | $581,800 | $801,700 |
| 2019 | $13,270 | $1,233,300 | $529,600 | $703,700 |
| 2018 | $11,299 | $999,000 | $481,500 | $517,500 |
| 2017 | $11,035 | $945,600 | $454,200 | $491,400 |
| 2016 | $10,421 | $831,700 | $405,600 | $426,100 |
| 2015 | $9,684 | $768,000 | $374,600 | $393,400 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Pepdjonovic
-
Anna Mean
A
Buyer's Agent in 2022
Anna Mean
AC Realty
(781) 591-2256
1 in this area
18 Total Sales
-
Katherine Malin
Seller's Agent in 2018
Katherine Malin
Compass
(781) 799-5981
1 in this area
49 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73024914
APN: SOME-000007-I000000-000009
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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