Seller's Agent in 2023
David Berman
The Stubblebine Company
(978) 417-1374
1 in this area
1 Total Sale
96 Cedar St Somerville, MA 02143
Spring Hill Neighborhood
15
Beds
9
Baths
6,000
Sq Ft
7,691
Sq Ft Lot
About This Home
As of August 2023100% Leased with close proximity to Davis St. & Porter Sq. Property has a strong in place income with upside potential. 94-96 Cedar Street is a geographically well positioned multi-family property in Somerville, MA. It is conveniently located .5 miles from MBTA’s Porter Square red line stop, .1 miles from the 88 and 90 bus lines,and provides easy access to I-93. 94-96 Cedar’s unique proximity to multiple prestigious universities and world-renowned economic centers presents an opportunity for a savvy investor to gain exposure to one of the highest demand housing markets in the country.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,559
Year Built
- Built in 1900
Lot Details
- 7,691 Sq Ft Lot
Parking
- 6 Car Parking Spaces
Home Design
- 6,000 Sq Ft Home
Bedrooms and Bathrooms
- 15 Bedrooms
Listing and Financial Details
- Total Actual Rent $14,350
- Assessor Parcel Number M:29 B:F L:5,751363
Community Details
Overview
- 4 Units
- Property has 2 Levels
Building Details
- Operating Expense $30,000
- Net Operating Income $131,100
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2023 08/09/23 | Sold | $2,625,000 | -0.9% | $438 / Sq Ft |
| 07/06/2023 07/06/23 | Pending | -- | -- | -- |
| 05/11/2023 05/11/23 | Price Changed | $2,650,000 | -10.2% | $442 / Sq Ft |
| 10/10/2022 10/10/22 | For Sale | $2,950,000 | -- | $492 / 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 | $26,157 | $2,397,500 | $916,000 | $1,481,500 |
| 2024 | $21,217 | $2,016,800 | $916,000 | $1,100,800 |
| 2023 | $20,586 | $1,990,900 | $916,000 | $1,074,900 |
| 2022 | $19,559 | $1,921,300 | $872,300 | $1,049,000 |
| 2021 | $18,627 | $1,828,000 | $830,800 | $997,200 |
| 2020 | $17,469 | $1,731,300 | $798,800 | $932,500 |
| 2019 | $12,900 | $1,198,900 | $694,700 | $504,200 |
| 2018 | $12,846 | $1,135,800 | $631,600 | $504,200 |
| 2017 | $15,920 | $1,364,200 | $595,800 | $768,400 |
| 2016 | $15,289 | $1,220,200 | $544,900 | $675,300 |
| 2015 | $15,056 | $1,194,000 | $541,900 | $652,100 |
Source: Public Records
Agents Affiliated with this Home
-
David Berman
-
Wayne Terrio
Buyer's Agent in 2023
Wayne Terrio
Coldwell Banker Realty - Cambridge
(617) 640-7777
3 in this area
71 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73046312
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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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