Experience the charm and beauty of the Elijah Walker House on Pleasant Avenue in Prospect Hill. This is a six-unit residential property built in the Second Empire style of 1873 on a spacious lot with luscious side yards and a backyard patio space. Updates were made to separately meter all units with their own gas heating and indirect fired water heaters. The slate roof and ornate woodwork of the exterior have been well-maintained. The front entrance is met with an incredible wood staircase and spacious landings outside unit doors. All current tenants are at-will, and 1 has recently given notice to move out. Acquire a turnkey trophy property in one of Somerville's most sought-after locations.
Sale Statistics
Sale Overview
Original List Price:$2,421,000
Final Sale Price:$2,421,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
129
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$545
Sale $/sq ft:$545
This property sold for $545 per square foot
Sale Summary
This property sold exactly at the asking price.
At 129 days on market, this property took longer than average to sell.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1890
Bedrooms
12
Full Bathrooms
6
Living Area
4,443 sq ft
Total Rooms
24
Stories
5
Levels
5
Interior Features
Flooring
Hardwood
Has Fireplace
No
Appliances
Washer, Dryer
Interior Features
Laundry Room
Basement Details
Full, Interior Entry
Exterior & Structure
Foundation
Stone
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.14 acres
Lot Size
5,946 sq ft
Lot Size Area
0.1400
Lot Features
Level
Parking & Garage
Has Garage
No
Parking Features
On Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Bike Path, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$16,230
Tax Year
2021
Tax Assessed Value
$1,592,700
Parcel Number
M:72 B:D L:7,757919
Zoning
RA
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Certified Historic
Disclosures
5 of 6 units are tenants-at-will paying below-market-rent. 1 unit just became available and rented quickly with multiple applications for $2900/m with 1yr lease. Current market gross rent is $208, 800 based on 1 fully executed lease for 8/15/23. All 6 units are similar, therefore priced as “7.5 Cap”.
Location
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Neighborhood
Prospect Hill
12 Pleasant Ave, Somerville MA 02143
Somerville, MA 02143
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,353
Homeowners Insurance$200
PMI$0
Property History
Market Insights
131
Total Days on Market
Property Timeline
✓
Sold
Feb 1, 2024
$2,421,000
Property sold
Days on Market: 131
🏠
Listed for Sale
May 4, 2023
$2,421,000
Original listing
Agent: Jonathan HindmarshOffice: Gibson Sotheby's International Realty
Date
Event
Price
Change
$/sqft
Details
02/01/2024
✓
Sold
$2,421,000
-
-
Property sold
05/04/2023
🏠
Listed for Sale
$2,421,000
-
-
Original listing
Price & Status History
Date
Event
Price
Change
May 4, 2023
New Listing Added
$2,421,000
—
Market Statistics
Days on Market
129 days
Price per Sq Ft
$545
Tax History
Year
Taxes
Assessment
2021
$16,230
$1,592,700
Financial Details
Annual Property Tax
$16,230
Tax Year 2021
Assessed Value
$1,592,700
Listing Information
Listing AgentJonathan Hindmarsh
Listing OfficeGibson Sotheby's International Realty
