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SOLD 7/1/2021

188 Cedar Street, Somerville, MA 02145$1,100,000

4
beds
2
baths
2184
ft2
· 3576
ft2 lot
$504 / ft2

Listing provided courtesy of Listing Broker: Dana Warren, Hawthorn Properties
Source MLS PIN;
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Turnkey multi-family home in a fantastic Somerville location with off street parking! Located just steps to the bike path and a short stroll to both the Davis Square red line stop AND the future Ball Square green line stop, this 2-family has a rock solid rental history with leases in place through August 31st. Take over as an investment or move into one unit while collecting rent from the other. This well-cared for home consists of two 2-bedroom apartments. The upstairs unit has two enclosed porches that are perfect for home offices (see attached floor plan). Hardwood floors throughout, gas heat and numerous updates contribute to an easy investment opportunity. Showings begin at open houses on Saturday 5/1 (12 pm to 2 pm) and Sunday 5/2 (11 am to 1 pm) with any offers due Monday 5/3 at 2 pm. Seller would consider offers made in Bitcoin.

HOA

$—/month

On market

12 days

Year built

1920

Property type

2 Family 2 Units Up/Down

Parking

2

MLS

72822269

Price / Sq.Ft.

$504 / ft2

Status

Sold

Home details for 188 Cedar Street

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Dining Room, Kitchen, Living Room, Dining Room, Kitchen, Office/Den, Other (See Remarks)
•   
Total Levels: 2, 3, 2
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 1
•   
Total Rooms Unit 1: 5
•   
Total Rooms Unit 2: 1
•   
Total Rooms: 6, 12, 6
Interior Features
•   
Electric Details: Circuit Breakers
•   
Utility Description: Water, Water
•   
Interior Features: Cable TV Available, Balcony/Deck, Hardwood Floors, Bathroom With Tub & Shower, Ceiling Fans, Cable TV Available, Pantry, Hardwood Floors, Bathroom With Tub & Shower
Heating & Cooling
•   
Heating Units: 2
•   
Heating Description Unit 1: Steam, Gas
•   
Heating Zones: 2
•   
Heating Description Unit2: Steam, Gas
Appliances
•   
Hot Water: Natural Gas, Tank
•   
Unit 2 Appliances: Range, Dishwasher, Microwave, Refrigerator
•   
Unit 1 Appliances: Range, Refrigerator, Freezer
Bedrooms Info
•   
Total Beds: 4
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 2, 2
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Flooring
•   
Flooring: Wood, Tile, Vinyl
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 2
Exterior Features
•   
Color: Blue
•   
Building Exterior Details: Asbestos, Deck, Patio, Gutters
Property Type
•   
Property Type: 2 Family - 2 Units Up/Down
•   
Mls Prop Type: 2 Family - 2 Units Up/Down
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Walk/Jog Trails, Bike Path
Lot Info
•   
Zoning: RB
•   
Lot Description: Paved Drive, Level
•   
Acres: 0.08
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Concrete Block
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Approximate
•   
Water/Sewer Built: 1151
•   
Lead Paint: Unknown
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
•   
Basement Details: Full, Walk Out, Sump Pump
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 2074
•   
Fin Code: Conv. Fixed
•   
Finances Source: Owner Provided
•   
Apod Available
Listing Info
•   
Offline Listing Number: 3239171
•   
Oh Flag: 1
•   
Status: Sold
Lease Info
•   
Gross Revenue: 3225
•   
Gross Income: 56400
•   
Net Operating Income: 47347
•   
Rme: 5828
•   
Monthly Rent Unit 1: 2300
•   
Monthly Rent Unit 2: 2400
•   
Lease 1
•   
Lease 2
•   
Total Rent: 4700
Listing Details
•   
Disclosures: Leases run through 8/31/2021. "Repairs and maintenance" expense includes painting of first floor unit and new stove. Washers/dryers included in sale. Team member has ownership interest in listing. Seller reserves right to accept offer prior to Monday deadline.
Tax/Assessment Info
•   
Tax Year: 2021
•   
Assessed Value: 828600.00
•   
Taxes: 8443.00
Listing Contacts
•   
Selling Agent: CN211855
School Neighborhood & Directions
Location
•   
Street Number: 188-190
•   
Map Book: 66638
•   
Map Page: 112
•   
Directions: Between Broadway and Highland
•   
Road Type: Public
Other
Other
•   
Main So: AN4225
Calculation
•   
Price Per Sqft: 503.66
•   
List Price Per Sqft: 457.42
•   
Sold Price Per Sqft: 503.66
•   
Cdom Property: 13
•   
Cdom Broker: 13
•   
Cdom: 13

Neighborhood snapshot

49
Properties for sale
20
Median days on market
$529.25
Median sold price/sqft
100.92%
Sold/List %
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Property History for 188 Cedar Street

07/01/2021
07/01/2021
Public Record
sold
Public Record
$1,100,000
+10.11%
05/03/2021
05/03/2021
MLS PIN #72822269
pending
MLS PIN #72822269
$999,000
04/28/2021
04/28/2021
MLS PIN #72822269
active
MLS PIN #72822269
$999,000
+44.99%
01/06/2016
01/06/2016
Public Record
sold
Public Record
$689,000
+359.33%
03/30/1994
03/30/1994
Public Record
sold
Public Record
$150,000

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