NOT LISTED FOR SALE

9 Spencer Ave Somerville, MA 02144

Estimated Value: $1,365,000 - $1,832,081

6 Beds
3 Baths
2,971 Sq Ft
$536/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $850,000 $286 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $10,013/month

13 Days on Market

About This Home

As of June 2014

Large and lovely two family in a favorite Somerville neighborhood on a sweet tree lined, family friendly, street. Appealing to both investors or owner occupants. Just one block from bike path and walking distance to both Davis & Porter Squares. Updating needed but both units are duplex units & offer spacious rooms and period charm that includes honey pine floors, pocket doors, entry foyers and walk in pantry's. First Flr unit has 5 rms and two bedrms in addition to entry foyer & a kitchen pantry. The second bedrm is on the second flr. Bath has charming claw foot tub. Second flr unit has 7 rooms and four bedrms that are all located on the third flr with an additional half bath. The home has sunny, south-facing porches in front that overlook a perennial garden and get just enough shade from a Hemlock tree. Rear porches overlook a nice sized backyard with mature Maples for shade, privacy and brilliant fall colors. There is a paved drive for tandem parking too!

Last Agent to Sell the Property

Lisa Johnson

RE/MAX Real Estate Center Listed on: 05/08/2014

RE/MAX Real Estate Center

Last Buyer's Agent

Adrian Cheng

Move2Boston Group, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,995

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Commission: 2.12
  • Seller Agency: 2.12
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Bike Path, Private School, Public School, T-Station, University
  • Electric: Fuses, Circuit Breakers
  • Flooring: Wood
  • Basement: Full, Walk Out, Interior Access, Concrete Floor

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard, Asbestos
  • Exterior Features: Porch, Fenced Yard
  • Foundation: Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2014
Closed on
Jun 20, 2014
Sold by
Merin Sarah L
Bought by
Cheng Adrian
Seller's Agent
Lisa Johnson
RE/MAX Real Estate Center
Buyer's Agent
Adrian Cheng
Move2Boston Group, LLC
List Price
$825,000
Sold Price
$850,000
Premium/Discount to List
$25,000
3.03%
Current Estimated Value
$1,593,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,020
Avg. Annual Appreciation
5.77%
Original Mortgage
$552,500
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2012
Sold by
Merin Nt and Merin Robert G
Bought by
Merin Sarah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 1990
Sold by
Ruth S Est Beecher
Bought by
Merin Sarah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
10.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cheng Adrian $850,000 --
Merin Sarah L -- --
Merin Sarah S $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Adrian $1,000,000
Closed Cheng Adrian $540,000
Closed Cheng Adrian $517,500
Closed Cheng Adrian $540,000
Closed Cheng Adrian $552,500
Previous Owner Merin Sarah L $325,000
Previous Owner Merin Sarah S $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $850,000 +3.0% $286 / Sq Ft
05/21/2014 05/21/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $825,000 -- $278 / 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 $15,995 $1,466,100 $704,800 $761,300
2024 $15,280 $1,452,500 $704,800 $747,700
2023 $14,487 $1,401,100 $704,800 $696,300
2022 $13,646 $1,340,500 $671,300 $669,200
2021 $13,228 $1,298,100 $666,300 $631,800
2020 $12,220 $1,211,100 $666,800 $544,300
2019 $11,552 $1,073,600 $607,000 $466,600
2018 $10,677 $944,000 $551,800 $392,200
2017 $10,474 $897,500 $520,600 $376,900
2016 $10,125 $808,100 $464,900 $343,200
2015 $8,499 $674,000 $429,400 $244,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71677974

MLS Property Information Network (MLS PIN)

APN: SOME-000029-D000000-000021