CCertihomes
7 Cottage Avenue, Somerville, MA 02144

$1,795,000

5 beds 3 baths 3,007 sqft Built 19209 days on marketActive

About this home

Located on on a pretty residential street between Davis and Porter Squares, this property, currently used as a 3-family, could be reimagined as a single family home. Would also convert nicely to 2 units (see uploaded plans). Notable features include 2 front porches, rear deck, 2-bay garage, double-wide driveway, hardwood floors, large windows, and wood-burning fireplace on the second floor. Walk to shops, restaurants, nightlife, 2 Red Line subway stations, commuter rail, 2 new GLX stations, and bike paths to Boston and out to the suburbs. Easy commute by bike, foot, or public transit to Tufts, Harvard, and MIT. Quick access to major highways and airport. All three units are leased thru 8/31/24; Unit 1 could be delivered vacant by July 1.

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
Single Family Residence
Style
Other (See Remarks)
Year built
1920
Lot size
0.08 ac
Stories
0
Heating
Forced Air, Electric Baseboard, Oil
Cooling
None
Water
Public
HOA
Annual tax
$15,393
MLS #
73232248
County
Middlesex

At a glance

Fireplace
Basement
Garage (2)
Dishwasher

Home features

Appliances
RangeDishwasherRefrigeratorWasherDryer
Exterior
PorchGarden
Community
Public TransportationShoppingParkWalk/Jog TrailsBike PathConservation AreaHighway AccessT-StationUniversity
Parking
DetachedOff StreetPaved
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.

Map & walkability

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MLSPIN

Listing information last refreshed 5/2/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.