18 Summit Ave, Somerville MA 02143

Somerville, MA 02143 • Prospect Hill
$2,000,000
Est. $10,645/month
6
Beds
5
Baths
4,715
Sq Ft
$424
Price/Sq Ft
0.14
Acres
1900
Year Built
5-9 Family
Type
18
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73401630

About this home

Rare investment opportunity in one of Somerville’s most high-demand neighborhoods, Prospect Hill! Don't miss an incredible opportunity to own this historic 5 family home located on a quiet street just minutes (.05 mi) from the Union Square train station. Upon entering the foyer of this home you will notice the original woodwork of the main staircase & built in bench. Units 1-4 , each with their own unique layout, are spacious and provide 1 bedroom, bath, living room & kitchen. Unit 5 occupies the entire 3rd floor providing 2 generous sized bedrooms, living room, kitchen & bath. Perfect for investors or owner-occupants seeking rental income.

Sale Statistics

Sale Overview
Original List Price: $1,900,000
Final Sale Price: $2,000,000
Difference: +$100,000 (+5.3%)
Performance Metrics
105.3%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $403
Sale $/sq ft: $424
This property sold for $424 per square foot
Sale Summary

This property sold for 5.3% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
5-9 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
5
Living Area
4,715 sq ft
Total Rooms
16
Stories
5
Levels
5

Interior Features

Flooring
Hardwood, Tile
Heating
Steam
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Bathroom With Tub & Shower, Living Room, Kitchen
Basement Details
Interior Entry, Concrete, Unfinished

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Brick/Mortar
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.14 acres
Lot Size
6,208 sq ft
Lot Size Area
0.1400
Lot Features
Other
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Parking Features
On Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$17,721
Tax Year
2025
Tax Assessed Value
$1,624,300
Parcel Number
757900
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Actual,Certified Historic
Disclosures
Historic home. Leases for all units expire August 31st, all occupants will be vacating the property by then.

Location

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Neighborhood

Prospect Hill

18 Summit Ave, 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 $1,477
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5%
Price Range
20
Total Days on Market

Property Timeline

Sold
Sep 2, 2025
$2,000,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jul 9, 2025
$1,900,000
Original listing
Agent: Jessica Mirabella Office: Coldwell Banker Realty - Lexington

Price & Status History

Date Event Price Change
Jul 9, 2025 New Listing Added $1,900,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$424

Tax History

Year Taxes Assessment
2025 $17,721 $1,624,300

Financial Details

Annual Property Tax
$17,721
Tax Year 2025
Assessed Value
$1,624,300

Listing Information

Listing Agent Jessica Mirabella
Listing Office Coldwell Banker Realty - Lexington
Agent MLS ID CN203304
Office MLS ID AN6216

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