NOT LISTED FOR SALE

Estimated Value: $1,681,000 - $2,095,836

9 Beds
4 Baths
4,499 Sq Ft
$407/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $1,420,000 $316 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,960/month

28 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Garden
  • Somerville High School Rated A-
  • Porch
  • 3-minute walk to Hoyt-Sullivan Playground

About This Home

As of September 2020

Cash Cow! Don't miss this rare updated/modern huge 3 family home just off Medford St close to award winning restaurants, pubs, transportation, shopping, 5 mins walk to new green line T subway stop! Including the finished basement space, total living area is 4,499 square feet. Current gross annual income is $87,600, current rents are likely under market value. All 3 units leased until 8/31/20, tenants want to stay if possible. Property includes 5 porches, driveway for 4 cars & rare nice sized garage! Many recent improvements including new roof, 3 new gas boilers, new hot-water tanks, newer windows throughout, new paint interior & exterior. Coin operated W/D included. Very well cared for home from top to bottom! Incredibly handy location within .5 miles to 30 restaurants/cafes and just 1.4 miles to Harvard & Tufts Univ, 1.3 miles to Assembly Sq, 2.7 miles to MIT, less than 2 miles to Boston! Walkscore of 85!!! Easy to see or show!

Last Agent to Sell the Property

David Shorey

Real Broker MA, LLC Listed on: 06/23/2020

Real Broker MA, LLC

Last Buyer's Agent

Walter Klinke

Rent Source LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,488

Year Built

  • Built in 1920

Lot Details

  • Year Round Access
  • Garden

Parking

  • 1 Car Garage

Flooring

  • Wood Flooring

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,488

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 322.29
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Levels: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Flooring: Wood
  • Total Flrs: 6
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 4
  • Total Fbh: 4
  • No Rooms: 17
  • Rms Common: Laundry
  • Basement: Y
  • Basement Features: Full, Partially Finished, Walk Out, Interior Access, Sump Pump, Exterior Access
  • Main Lo: AN2383
  • Main So: AN3324
  • Estimated Sq Ft: 4499.00
  • Basement Included Sq Ft: Yes

Exterior Features

  • Construction: Frame, Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles, Rubber
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Deck, Gutters, Garden Area
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 5
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Golf Course, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 1204400.00
  • Acre: 0.10
  • Lot Size: 4356.00
  • Page: 96
  • Zoning: RA
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows, Prog. Thermostat

Multi Family

  • APOD Available: Yes
  • Total Levels: 4
  • Total Rent: 7300
  • Total Rms: 17
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 12152.40
  • Assessor Parcel Number: 754847

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Aug 25, 2020
Sold by
Shorey Lt
Bought by
Kwo Elizabeth C and Miller Peter G
Seller's Agent
David Shorey
Real Broker MA, LLC
Buyer's Agent
Walter Klinke
Rent Source LLC
List Price
$1,450,000
Sold Price
$1,420,000
Premium/Discount to List
-$30,000
-2.07%
Current Estimated Value
$1,830,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,959
Avg. Annual Appreciation
6.06%
Original Mortgage
$852,000
Outstanding Balance
$760,959
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,148,167

Purchase Details

Closed on
Aug 30, 2018
Sold by
Shorey David and Shorey Joanne M
Bought by
Shorey Lt

Purchase Details

Listed on
Sep 5, 2013
Closed on
Nov 18, 2013
Sold by
Ring Michael J
Bought by
Shorey Joanne M and Shorey David
Seller's Agent
Gary Vrotsos
Coldwell Banker Realty - Cambridge
Buyer's Agent
David Shorey
Real Broker MA, LLC
List Price
$739,000
Sold Price
$720,000
Premium/Discount to List
-$19,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$525,300
Interest Rate
4.24%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kwo Elizabeth C $1,420,000 None Available
Shorey Lt -- --
Shorey Joanne M $720,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwo Elizabeth C $852,000
Previous Owner Shorey David $90,000
Previous Owner Shorey Joanne M $525,300
Previous Owner Rams Rt $36,000
Previous Owner Rams Rt $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $1,420,000 -2.1% $316 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $1,450,000 +101.4% $322 / Sq Ft
11/15/2013 11/15/13 Sold $720,000 -2.6% $195 / Sq Ft
10/16/2013 10/16/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $739,000 -- $200 / 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 $15,488 $1,419,600 $426,500 $993,100
2024 $14,485 $1,376,900 $426,500 $950,400
2023 $14,144 $1,367,900 $426,500 $941,400
2022 $13,544 $1,330,500 $406,200 $924,300
2021 $13,030 $1,278,700 $386,800 $891,900
2020 $12,152 $1,204,400 $371,900 $832,500
2019 $11,124 $1,033,800 $315,700 $718,100
2018 $10,273 $908,300 $304,500 $603,800
2017 $10,147 $869,500 $284,000 $585,500
2016 $10,004 $798,400 $245,600 $552,800
2015 $9,558 $758,000 $219,000 $539,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72678587

MLS Property Information Network (MLS PIN)

APN: SOME-000049-C000000-000006