NOT LISTED FOR SALE

Estimated Value: $1,507,481 - $1,958,000

9 Beds
3 Baths
3,171 Sq Ft
$525/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $1,500,000 $473 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,601/month

7 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Cooling Available
  • Somerville High School Rated A-
  • Porch
  • 3-minute walk to Foss Park

About This Home

As of May 2022

Calling all Investors, Contractors, or Developers…Perfect opportunity to purchase a true triple-decker, three-family home in the winter hill neighborhood of Somerville. Three identical units were renovated in 2013, each unit consists of three bedrooms, one full bathroom, and washer/dryer hookups. Front and back porches that need TLC, spacious driveway for ample parking, and a 2x car garage. Each apartment has 1x parking space on the driveway, garages are not included in the leases. You can’t beat the location, easy access to I-93, Assembly Row, Orange-line T-stop access, and coming soon the green-line! Minutes away from Charlestown, Cambridge, and the city of Boston. Tons of potential with this property and a perfect investment to add to your portfolio! Sold in AS-IS condition, buyers, and buyer’s agents to perform their own due diligence. First showings are during posted open house times only, DO NOT walk the property, DO NOT disturb tenants.

Last Agent to Sell the Property

Cameron Moniz

Coldwell Banker Realty - Lexington Listed on: 03/22/2022

Coldwell Banker Realty - Lexington

Last Buyer's Agent

Chug Perry

Red Brick Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,172

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Garage
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation

Interior Spaces

  • 3,171 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Total Actual Rent $6,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Legal Lot and Block 18 / D
  • Assessor Parcel Number M:69 B:D L:18,757426

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Park

Building Details

  • Insurance Expense $13,355
  • Water Sewer Expense $2,241
  • Operating Expense $15,596
  • Net Operating Income $62,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,172

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1920
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer), Unit 3(Dishwasher,Disposal), Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 3171
  • Stories Total: 6
  • MAIN LO: AN6181
  • MAIN SO: NB2003

Exterior Features

  • Exterior Features: Balcony
  • Fencing: Fenced/Enclosed
  • Foundation Details: Block
  • Patio And Porch Features: Porch
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 5

Utilities

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

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Fee Information

  • Water Sewer Expenses: 2241

Lot Info

  • Parcel Number: M:69 B:D L:18,757426
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.6
  • Lot Size Units: Acres
  • LOT SIZE: 5000

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 13172
  • Tax Block: D
  • Tax Lot: 18

Multi Family

  • Insurance Expense: 13355
  • Net Operating Income: 62404
  • Number Of Units Total: 3
  • Operating Expense: 15596
  • Total Actual Rent: 6500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 1
  • 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
Mar 22, 2022
Closed on
Apr 23, 2022
Sold by
Moniz Michael and Moniz Connie
Bought by
83 Grant Street Llc
Seller's Agent
Cameron Moniz
Coldwell Banker Realty - Lexington
Buyer's Agent
Chug Perry
Red Brick Real Estate, LLC
List Price
$1,349,900
Sold Price
$1,500,000
Premium/Discount to List
$150,100
11.12%
Current Estimated Value
$1,605,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,128
Avg. Annual Appreciation
2.82%
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
83 Grant Street Llc $1,500,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $1,500,000 +11.1% $473 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $1,349,900 -- $426 / 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 $15,191 $1,392,400 $423,500 $968,900
2024 $14,206 $1,350,400 $423,500 $926,900
2023 $13,855 $1,339,900 $423,500 $916,400
2022 $13,172 $1,293,900 $403,300 $890,600
2021 $12,490 $1,225,700 $366,400 $859,300
2020 $12,225 $1,211,600 $352,300 $859,300
2019 $11,315 $1,051,600 $296,400 $755,200
2018 $9,352 $826,900 $269,500 $557,400
2017 $9,147 $783,800 $254,200 $529,600
2016 $8,344 $665,900 $206,400 $459,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72955621

MLS Property Information Network (MLS PIN)

APN: SOME-000069-D000000-000018