CCertihomes
5-7 Cottage Avenue, Somerville, MA 02144

$1,795,000

3 beds 3 baths 3,007 sqft Built 192016 days on marketActive

About this home

Lovely 3-family with 2-bay garage and double-wide driveway on a pretty residential street in prime Davis Sq. location. Excellent rental history. Notable features include updated kitchen in Unit 1; updated kitchen in Unit 2 w/gas cooktop, separate oven, vent hood, butcher block counters, ss appliances; w/d and wood burning fp in Unit 2; recently rebuilt front and rear porches; shared bsmt w/d for Units 1 and 3; large windows; hardwood floors; front and side garden/yard; rear patio. All 3 units are 1 bed/1 bath with leases thru 8/31/24; Unit 1 could be delivered vacant by July 1. Would also convert nicely to 2 units (see uploaded plans) or single family. Enjoy the many delights of Davis Sq. – shops, restaurants, nightlife, Red Line subway stop. Cottage Ave. is also walkable to the Porter Sq. Red Line and commuter rail stations, 2 new GLX stations, and to Ball, Magoun, and Teele Sqs. Easy commute by bike, foot, or public transit to Harvard, MIT, and Tufts; near major highways and airport.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$11,724/mo

Real estate (PITI + HOA + PMI)
$11,821
Principal + interest$8,141
Property tax + insurance$3,007
PMI / 2nd mortgage$673
Utilities
$687
Heating + cooling$182
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$11,724/mo TLC
Budget$12,224/mo
Remaining after TLC$500/mo
Purchase price
$1,795,000
Down payment
$89,750 (5%)
Loan amount
$1,705,250
APR
4%

Quick facts

Type
3 Family
Style
Year built
1920
Lot size
0.08 ac
Stories
6
Heating
Forced Air, Oil, Electric
Cooling
Water
Public
HOA
Annual tax
$15,393
MLS #
73229155
County
Middlesex

At a glance

Fireplace
Basement
Garage (2)
Dishwasher

Home features

Appliances
RangeDishwasherMicrowaveRefrigeratorOvenWasherDryerRange Hood
Interior
Ceiling Fan(s)Upgraded CabinetsUpgraded CountertopsLiving RoomDining RoomKitchen
Exterior
Garden
Community
Public TransportationShoppingParkWalk/Jog TrailsBike PathConservation AreaHighway AccessT-StationUniversity
Parking
Off StreetPaved
Fireplace
Wood Burning
Flooring
Wood, Tile, Carpet
Roof
Shingle
Sewer
Public Sewer

Lot features

Other

Neighborhood — 02144

MetricThis ZIPCountyUSA
Population21,9206,444,931299,088,112
Population Change Since1990-5.00%7.00%20.00%
Population Density20,395786
Male10,4183,127,134147,432,321
Female11,5023,317,797151,655,844
Never Married11,6921,612,88563,775,926
Married5,3202,586,314123,120,365
Separated684247,85712,639,686
Widowed1,127363,59415,467,586
Divorced1,003436,88823,075,029
Number Of House Hold8,6182,431,591111,826,380
Average House Hold Size2.262.562.60
Medial Age29.6737.2535.46
Median House Hold Income$61,647$57,698$48,276
Average House Hold Income$68,047$75,023$63,629
P C I$28,196$29,196$24,529
M D I$51,042$48,105$41,133
A T H E$53,965$57,083$50,898
S T R5.00%5.00%
W C J80.99%81.38%77.74%
(Zip) Code
2144

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 4/26/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.