Turn key investment 2- Family house in prime location - close to Union Square. 131 Summer St offers a lucrative investment opportunity with a 6210 Sq foot lot with upgrades throughout. A large spacious yard, a driveway for 4 cars PLUS a garage space. New blown insulation (9k) put in from Mass Saves round off this offering! Unit 1 was updated in 2021 with new kitchen and bath, it features 3 bedrooms with high ceilings, and 1 bathroom. Unit 2 includes 2 bedrooms, 1 bathroom, and office space. This prime location is just minutes from the bustling Union, Davis, Porter, and Harvard Squares, this property puts you in the heart of the action. Close to Bow market, Aeronaut Brewing Company, Gilman T, Union T (Green Line Ext), and more!
Sale Statistics
Sale Overview
Original List Price:$1,399,900
Final Sale Price:$1,430,000
Difference:
+$30,100 (+2.2%)
Performance Metrics
102.2%
List to Sale Ratio
Sold above asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$552
Sale $/sq ft:$564
This property sold for $564 per square foot
Sale Summary
This property sold for 2.2% above the original asking price, indicating strong buyer demand.
With only 29 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
5
Full Bathrooms
2
Living Area
2,535 sq ft
Total Rooms
11
Stories
2
Levels
2
Interior Features
Flooring
Wood, Tile, Carpet
Has Fireplace
No
Laundry Features
Electric Dryer Hookup
Basement Details
Full, Concrete, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Deck, Patio
Fencing
Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.14 acres
Lot Size
6,210 sq ft
Lot Size Area
0.1400
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Public School, T-Station, University, Sidewalks
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$11,324
Tax Year
2024
Tax Assessed Value
$1,076,400
Parcel Number
M:51 B:F L:35,755393
Zoning
RB
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Disclosures
Tenants have leases through May of 24'. Both tenants would like to extend at least another year. Some pictures are from prior vacant rental listing. 2nd floor AC condenser does not work.
Location
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Neighborhood
Union Square
131 Summer St, Somerville MA 02143
Somerville, MA 02143
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$944
Homeowners Insurance$200
PMI$0
Property History
Market Insights
2.1%
Price Range
31
Total Days on Market
Property Timeline
✓
Sold
Apr 18, 2024
$1,430,000
Property sold
Days on Market: 31
🏠
Listed for Sale
Mar 5, 2024
$1,399,900
Original listing
Agent: Santana TeamOffice: Keller Williams Realty Boston Northwest
Date
Event
Price
Change
$/sqft
Details
04/18/2024
✓
Sold
$1,430,000
-
-
Property sold
03/05/2024
🏠
Listed for Sale
$1,399,900
-
-
Original listing
Price & Status History
Date
Event
Price
Change
Mar 5, 2024
New Listing Added
$1,399,900
—
Market Statistics
Days on Market
29 days
Price per Sq Ft
$564
Tax History
Year
Taxes
Assessment
2024
$11,324
$1,076,400
Financial Details
Annual Property Tax
$11,324
Tax Year 2024
Assessed Value
$1,076,400
Listing Information
Listing AgentSantana Team
Listing OfficeKeller Williams Realty Boston Northwest
