Family Owned for over 58 Years! UNDER A MILE to the DAVIS SQ REDLINE... just over a HALF MILE TO THE TUFTS GREEN LINE. A LOT OF HOUSE...Brick Front 14 Room (5&9) 2 FAMILY with OVER 3400 SQ FT OF LIVING AREA... living area does NOT incl E-Z BONUS EXPANSION of a previously finished basement that has ADDITIONAL HALF BATH. Quiet serene highly sought after neighborhood...close to everything! FIRST FLR UNIT IS VACANT w/ 5 rms, 2 bdrms & a full bath... 2nd Floor Unit is rented for $3,700 a month w/ 9 rms 5 bdrms & 2 full baths...lease exp is 8/31/24. Hardwood floors on 1st floor. First floor ktchn has pantry. Both units have laundry's. BASEMENT HAS OVER 900 SQ FT... MOST OF WHICH IS FINISHED. Solid house in good condition with incredible upside & fantastic rent potential. Driveway has pavers with off street parking for 2 cars. Back yard has patio area! Rated a VERY WALKABLE WALK SCORE OF 89... VERY BIKEABLE BIKE SCORE OF 87 w/ EXCELLENT TRANSIT. ENTIRE HOUSE CAN BE DELIVERED VACANT!
Sale Statistics
Sale Overview
Original List Price:$1,499,000
Final Sale Price:$1,435,000
Difference:
$64,000 (-4.3%)
Performance Metrics
95.7%
List to Sale Ratio
Sold below asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$436
Sale $/sq ft:$417
This property sold for $417 per square foot
Sale Summary
This property sold for 4.3% below the original asking price.
With only 13 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
1910
Bedrooms
7
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,440 sq ft
Total Rooms
14
Stories
3
Levels
3
Interior Features
Flooring
Wood, Tile
Has Fireplace
No
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Finished
Exterior & Structure
Construction Materials
Frame
Roof
Slate
Foundation
Stone
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,500 sq ft
Lot Size Area
0.0800
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street
Utilities & Systems
Utilities Available
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts, Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$13,806
Tax Year
2024
Tax Assessed Value
$1,312,400
Tax Lot
2
Tax Block
f
Tax Map Number
8
Zoning
Rsdntl
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
First Floor is vacant and Second flr lease expires 8/31/24...Second flr lease expires 8/31/24 and is currently rented for $3700...far under current market rent for similar units. Exclusions include a rose bush located in front of '38'.s No showings until 1st Open House and by appointment thereafter
Location
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Neighborhood
38-40 Fairmount Ave, Somerville MA 02144
Somerville, MA 02144
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$1,151
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.3%
Price Range
14
Total Days on Market
Property Timeline
✓
Sold
Aug 5, 2024
$1,435,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Jul 11, 2024
$1,499,000
Original listing
Agent: The Steve Bremis TeamOffice: Steve Bremis Realty Group
