CCertihomes
204 School, Somerville, MA 02145

$1,600,000

6 beds 4 baths 3,903 sqft Built 19004 days on marketActive

About this home

Excellent long term investment In great location. Just a short walk to the new Pearl St T Station + the brand new high school. It is a short drive to the Assembly Square Market Place as well as Tufts U. It is minutes to Cambridge + Boston. Unbeatable ! This 3 unit property offers a large driveway + a 2 level Carriage house + over 6400 Sq. Ft. of lot size. This high demand rental location will promise solid returns year after year. 2nd floor on lease until 08/01/24. Units 1+3 are taw. Total monthly rent is $4.900, 1st floor is $1500.2nd floor is $ 2500.Third floor is $900.The roof on the house is 1 year old. The roof on the carriage house is 2 years old. There are 3 gas stoves, 3 gas hot water units + 3 gas heat systems. There are 3 gas meters + 4 electric meters, Each unit is on its own meter. Close to all the shops + stores on Broadway. Tenants + or owners who work in Boston can take the T + save money on gas + parking. Property is being sold as is. $1, 600, 00. Come see this one soon

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
$116,366/mo

Real estate (PITI + HOA + PMI)
$116,378
Principal + interest$7,257
Property tax + insurance$108,521
PMI / 2nd mortgage$600
Utilities
$713
Heating + cooling$195
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$128
Car insurance + maintenance$128
Other (entertainment)
$157
$116,366/mo TLC
Budget$116,866/mo
Remaining after TLC$500/mo
Purchase price
$1,600,000
Down payment
$80,000 (5%)
Loan amount
$1,520,000
APR
4%

Quick facts

Type
3 Family - 3 Units Up/Down
Style
Year built
1900
Lot size
0.15 ac
Stories
6
Heating
Cooling
Water
Public
HOA
Annual tax
$1,283,200
MLS #
73237252
County
Middlesex

At a glance

Basement
Garage (1)

Home features

Exterior
Rain Gutters
Community
Public TransportationShoppingPoolParkMedical FacilityHighway AccessHouse of WorshipPublic SchoolT-StationUniversitySidewalks
Parking
Paved DriveOff StreetOn StreetPaved
Flooring
Wood, Tile
Roof
Shingle, Asphalt/Composition Shingles
Sewer
Public Sewer

Schools

Elementary
Winter Hill
High
Somerville High

Neighborhood — 02145

MetricThis ZIPCountyUSA
Population22,2976,444,931299,088,112
Population Change Since19908.00%7.00%20.00%
Population Density16,148786
Male11,2663,127,134147,432,321
Female11,0313,317,797151,655,844
Never Married8,4441,612,88563,775,926
Married6,7492,586,314123,120,365
Separated1,042247,85712,639,686
Widowed1,046363,59415,467,586
Divorced1,218436,88823,075,029
Number Of House Hold8,2862,431,591111,826,380
Average House Hold Size2.682.562.60
Medial Age32.7237.2535.46
Median House Hold Income$48,707$57,698$48,276
Average House Hold Income$61,365$75,023$63,629
P C I$23,024$29,196$24,529
M D I$41,512$48,105$41,133
A T H E$50,173$57,083$50,898
S T R5.00%5.00%
W C J79.30%81.38%77.74%
(Zip) Code
2145

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 5/14/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.