Nestled in the heart of a prime Tufts University location, this expansive two-family home beckons with promise & potential. Investors keen on the rental market will appreciate the dual-income potential that a two-family home brings. With the demand for rental properties in proximity to educational institutions, this residence could serve as a lucrative source of income. An oversized two family with this much space in one of the most desirable areas of Medford does not come along very often. The close proximity to all the shops & restaurants that Medford has to offer is ideal for any homeowner & having Tufts University directly across the street is a landlords dream! Finding renters has never been an issue for this seller. Both units boast large eat in kitchens, charming built-ins & carpeting throughout with potentially gorgeous floors underneath. Plenty of storage, off street parking, steps to the new Green Line & large backyard makes this the best deal in Medford.
Sale Statistics
Sale Overview
Original List Price:$1,050,000
Final Sale Price:$1,430,000
Difference:
+$380,000 (+36.2%)
Performance Metrics
136.2%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$353
Sale $/sq ft:$481
This property sold for $481 per square foot
Sale Summary
This property sold for 36.2% above the original asking price, indicating strong buyer demand.
With only 6 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Multi Family
Property Category
Residential Income
Year Built
1900
Bedrooms
7
Full Bathrooms
2
Living Area
2,976 sq ft
Total Rooms
13
Stories
2
Levels
2
Interior Features
Flooring
Carpet, Laminate, Wood
Has Fireplace
No
Appliances
Range, Disposal, Refrigerator, Washer, Dryer
Interior Features
Mudroom, Sunroom, Storage, Central Vacuum, Living Room, Dining Room, Kitchen
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,115
Tax Year
2023
Tax Assessed Value
$938,100
Parcel Number
M:R05 B:0011,643181
Zoning
RES
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
In addition to the reg basement there is a large storage basement with a sump pump that is located under the addition. This storage basement room gets some seepage during heavy rains. Access to this storage space is only from outside in back (the small door at the rear of the house).
Exclusions
Renters Belongings
Location
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Neighborhood
17 Tesla Ave, Medford MA 02155
Medford, MA 02155
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$676
Homeowners Insurance$200
PMI$0
Property History
Market Insights
26.6%
Price Range
7
Total Days on Market
Property Timeline
✓
Sold
Mar 15, 2024
$1,430,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Jan 16, 2024
$1,050,000
Original listing
Agent: McTague Realty GroupOffice: RE/MAX Andrew Realty Services
