Virginia Todd
Leading Edge Real Estate
(857) 323-6892
46 Total Sales
1 in Spring Hill
$1,260,000 Price
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.
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Spring Hill, MA
-
Virginia Todd
-
Justin Blankenship
Justin Blankenship
Fiv Realty Co
(781) 417-3370
61 Total Sales
1 in Spring Hill
$700,000 Price
-
Kyle Cabral
Kyle Cabral
Southpaw Residential
(617) 934-2431
14 Total Sales
1 in Spring Hill
$1,122,200 Price
-
Issam Dib
Issam Dib
Skyline Realty
(781) 776-5266
37 Total Sales
1 in Spring Hill
$1,059,000 Price
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
167 Total Sales
3 in Spring Hill
$1M - $2.2M Price Range
-
Alex Wong
Alex Wong
Serhant
(857) 365-2114
43 Total Sales
1 in Spring Hill
$786,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Donatelli Bruno | $2,625,000 | None Available | |
| Pilato Llc | -- | -- | |
| Cedar Street Rt | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $825,000 | ||
| Closed | Pilato Llc | $200,000 | |
| Closed | Pilato Llc | $500,000 | |
| Closed | Pilato Llc | $1,187,000 | |
| Previous Owner | Pilato Llc | $205,000 | |
| Previous Owner | Pilato Llc | $300,000 | |
| Previous Owner | Pilato Llc | $1,050,000 | |
| Previous Owner | Piloto Llc | $200,000 | |
| Previous Owner | Pilato Llc | $830,000 | |
| Closed | Colomba Ceder Street N | $335,000 | |
| Closed | Colomba Giuseppe | $370,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2023
David Berman
The Stubblebine Company
(413) 636-9055
1 in this area
1 Total Sale
-
Wayne Terrio
Buyer's Agent in 2023
Wayne Terrio
Coldwell Banker Realty - Cambridge
(617) 640-7777
5 in this area
70 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73046312
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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