502 Somerville Avenue, Somerville MA 02143

Somerville, MA 02143
$1,600,000
Est. $8,516/month
5
Beds
3
Baths
3,074
Sq Ft
$520
Price/Sq Ft
0.07
Acres
1900
Year Built
3 Family
Type
1
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73200869

About this home

SUNDAY OPEN HOUSE CANCELLED-OFFER ACCEPTED. Wonderful Somerville three-family home in convenient location & situated on a nice corner lot. The 1st floor features 2 separate units--1-bed unit at the front & a 2-bed unit at the rear. The entire 2nd floor comprises a large 2-bed unit with dining room and study. Walk-up access from the 2nd floor unit to a huge open attic provides potential to finish for more living area. All units have separate electricity, gas, heat and hot water & feature spacious oak cabinet eat-in kitchens with laminate counters. High ceilings throughout with mix of vinyl, hardwood & wall-to-wall carpeting. Due to fire damage in 2005, home was substantially re-built at that time, including new attic/roof, windows, siding, kitchens, baths, electrical/plumbing/sprinkler/alarm systems & boilers. Convenient location to shopping, public transportation & highways. No leases/rents on any of the units & will be delivered vacant, so a new owner has control of rents & occupancy

Sale Statistics

Sale Overview
Original List Price: $1,495,000
Final Sale Price: $1,600,000
Difference: +$105,000 (+7.0%)
Performance Metrics
107.0%
List to Sale Ratio
Sold above asking price
1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $486
Sale $/sq ft: $520
This property sold for $520 per square foot
Sale Summary

This property sold for 7.0% above the original asking price, indicating strong buyer demand.

With only 1 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
5
Full Bathrooms
3
Living Area
3,074 sq ft
Total Rooms
13
Stories
3
Levels
3

Interior Features

Flooring
Vinyl, Carpet, Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Living Room, Kitchen, Dining Room, Office/Den
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Dirt Floor, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
3,239 sq ft
Lot Size Area
0.0700
Lot Features
Corner Lot
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Tandem, Unpaved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Highway Access, Sidewalks
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$14,200
Tax Year
2024
Tax Assessed Value
$1,349,800
Tax Lot
7
Tax Block
A
Tax Map Number
53
Parcel Number
53A7,755616
Zoning
MR4

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Disclosures
Some water seepage in basement from side door in heavy rains. No leases/rental income as has been family-occupied. Any necessary zoning review will be the responsibility of buyer. Offers, if any, will be due via email by 5:00 pm on Monday, 2/12. Seller reserves right to accept an offer at any time.

Location

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Neighborhood

502 Somerville Avenue, Somerville MA 02143

Somerville, MA 02143

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 $1,183
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.6%
Price Range
2
Total Days on Market

Property Timeline

Sold
Mar 4, 2024
$1,600,000
Property sold
Days on Market: 2
🏠
Listed for Sale
Feb 8, 2024
$1,495,000
Original listing
Agent: Michael Tammaro Office: Related Beal Sales, LLC

Price & Status History

Date Event Price Change
Feb 8, 2024 New Listing Added $1,495,000

Market Statistics

Days on Market
1 days
Price per Sq Ft
$520

Tax History

Year Taxes Assessment
2024 $14,200 $1,349,800

Financial Details

Annual Property Tax
$14,200
Tax Year 2024
Assessed Value
$1,349,800

Listing Information

Listing Agent Michael Tammaro
Listing Office Related Beal Sales, LLC
Agent MLS ID BB910344
Office MLS ID AN4902

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