NOT LISTED FOR SALE

9 Concord Ave Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,630,000 - $1,852,901

9 Beds
3 Baths
3,016 Sq Ft
$563/Sq Ft Est. Value

Last Sold January 25, 2017

Last sale price $1,300,000 $431 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,394/month

9 Days on Market

About This Home

As of January 2017

New rare to find fully leased 2 family in coveted Union Sq. 1 Block from the up and coming Green Line T, bars and excellent culinary cuisines. Also blocks away from the bustling Inman Sq. and Cambridge Line. Excellent rental location and long term upside potential. All units leased until Aug 31, 2017, with 7% escalation clauses if renewed for 2018, turnkey property. Strong credited tenants. Collect positive cash flow from Day 1. Units are in renovated condition with the potential to upgrade even further & increase income with small improv. HW floors. Utilities individually metered, spacious rooms, Maintenance free Vinyl Siding, Laundry coin-op basement 60/mo income, 1st Floor unit Includes off-street parking for 150/mo. Large Fenced in yard, Side & Back decks off units. See attached Flr Plan. Open House Thur 12/1 (2:30-3:30pm), Sun 12/4 (2:30-3:30pm), Wed 12/7 (2:30p-3:30p). Only showings @ OH, bids due Wed 12/7 @ 5pm

Last Agent to Sell the Property

Tony Madan

Boston Investments Listed on: 11/30/2016

Last Buyer's Agent

Darryln Leikauskas

Berkshire Hathaway HomeServices Commonwealth Real Estate

Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,880

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Other (See Remarks)
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Insc: 2140
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 13
  • Flooring: Wood
  • Total Levels: 3

Exterior Features

  • Foundation: Brick

Garage/Parking

  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 42

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: 0

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 9
  • Total Floors: 3
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 14
  • Total Rent_1: 8620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2024
Sold by
Pan Jung-Feng and Pan Chun Z
Bought by
Pan Ft and Pan
Current Estimated Value
$1,697,725

Purchase Details

Closed on
Jul 2, 2018
Sold by
Tbmc Realty Llc
Bought by
Pan Chun Z and Pan Jung Feng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.91%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 30, 2016
Closed on
Jan 25, 2017
Sold by
Summer Enterprises Llc
Bought by
Tbmc Realty Llc
Seller's Agent
Tony Madan
Boston Investments
Buyer's Agent
Darryln Leikauskas
Berkshire Hathaway HomeServices Commonwealth Real Estate
List Price
$1,100,000
Sold Price
$1,300,000
Premium/Discount to List
$200,000
18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Original Mortgage
$968,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 29, 2014
Closed on
Jan 9, 2015
Sold by
Raposo Antonio C and Raposo Bonnie J
Bought by
Summer Enterprises Llc
Seller's Agent
Jennifer Frost
Keller Williams Realty - Londonderry
Buyer's Agent
Non Member
Non Member Office
List Price
$770,000
Sold Price
$785,000
Premium/Discount to List
$15,000
1.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.90%

Purchase Details

Closed on
Mar 3, 2005
Sold by
Raposo Jose Carlos and Raposo Sonia G
Bought by
Raposo Antonio C

Purchase Details

Closed on
Apr 27, 2004
Sold by
Raposo Jose Carlos and Raposo Zinalia Maria
Bought by
Raposo Jose Carlos and Raposo Sonia G

Purchase Details

Closed on
Apr 29, 1993
Sold by
Linnane Winifred M
Bought by
Raposo Jose C and Raposo Zinalia M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pan Ft -- None Available
Pan Ft -- None Available
Pan Chun Z $1,560,000 --
Tbmc Realty Llc $1,300,000 --
Tbmc Realty Llc $1,300,000 --
Summer Enterprises Llc $785,000 --
Raposo Antonio C $725,000 --
Raposo Antonio C $725,000 --
Raposo Jose Carlos -- --
Raposo Jose Carlos -- --
Raposo Jose C $140,000 --
Raposo Jose C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pan Chun Z $490,000
Previous Owner Tbmc Realty Llc $968,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2017 01/25/17 Sold $1,300,000 +18.2% $431 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $1,100,000 +40.1% $365 / Sq Ft
01/09/2015 01/09/15 Sold $785,000 +1.9% $262 / Sq Ft View Prior Sale
12/10/2014 12/10/14 Pending -- -- --
11/29/2014 11/29/14 For Sale $770,000 -- $257 / 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 $17,880 $1,638,900 $637,500 $1,001,400
2024 $16,644 $1,582,100 $637,500 $944,600
2023 $16,190 $1,565,800 $637,500 $928,300
2022 $15,136 $1,486,800 $607,100 $879,700
2021 $14,195 $1,393,000 $578,200 $814,800
2020 $13,380 $1,326,100 $556,000 $770,100
2019 $12,713 $1,181,500 $472,200 $709,300
2018 $10,954 $968,500 $429,200 $539,300
2017 $9,530 $816,600 $388,700 $427,900
2016 $9,959 $794,800 $382,100 $412,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tony Madan

    Boston Investments

    (617) 702-2261

    1 Total Sale

    Tony Madan
    Section Image
  • Darryln Leikauskas

    Buyer's Agent in 2017

    Darryln Leikauskas

    Berkshire Hathaway HomeServices Commonwealth Real Estate

    (508) 879-0555

    1 in this area

    13 Total Sales

    Darryln Leikauskas
    Section Image

  • J

    Seller's Agent in 2015

    Jennifer Frost

    Keller Williams Realty - Londonderry

    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    Non Member Office

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72097235

MLS Property Information Network (MLS PIN)

APN: SOME-000082-E000000-000020

Massachusetts Middlesex County Somerville 02143 Prospect Hill

9 Concord Ave, Somerville, MA

Not Listed for Sale

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