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SOLD 1/22/2016

29 Magnus Ave, Somerville, MA 02143$1,100,000

6
beds
3
baths
3493
ft2
· 4964
ft2 lot
$315 / ft2

Listing provided courtesy of Listing Broker: Gene Leblanc, RE/MAX Encore
Source MLS PIN;
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Investors/Contractors !!! Prime Location !!! Walking distance to Harvard University/Union Sq/Inman Sq/Cambridge hospital. Solid 3 family with excellent rental history. MBTA at end of street. Perry Park at end of street! Property is located off Washington St on Cambridge/Somerville line between Union Sq and Harvard University. Cambridge Hospital 10 minute walk. This could be a great investment/condo conversion. . . 1 st and 2nd floor units have been updated as apartments became available. 3rd floor will need updating as tenant has been there for over 25 years. All tenants are tenants at will. Don't miss this opportunity as homes in this area do not stay on the market. Rents below market average as tenants have been there for years with no rent increase. Walk score 82 Ist and 2nd floors vacant.

HOA

$—/month

On market

3 months

Year built

1926

Property type

3 Family 3 Units Up/Down

Parking

MLS

71900136

Price / Sq.Ft.

$315 / ft2

Status

Sold

Home details for 29 Magnus Ave

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Dining Room, Kitchen, Laundry, Living Room, Dining Room, Kitchen, Living Room, Dining Room, Kitchen
•   
Total Levels: 3, 6, 3
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 1
•   
Total Levels Unit 3: 3, 1
•   
Total Rooms Unit 1: 6
•   
Total Rooms Unit 2: 5
•   
Total Rooms Unit 3: 5
•   
Total Rooms: 16, 16, 16
Interior Features
•   
Electric Details: Circuit Breakers
•   
Utility Description: Water, Water, Water
•   
Energy Details: Insulated Windows
•   
Interior Features: Cable TV Available, Hardwood Floors, Wood Flooring, Cable TV Available, Wood Flooring, Cable TV Available, Wood Flooring
Heating & Cooling
•   
Heating Units: 3
•   
Heating Description Unit 1: Hot Water Baseboard, Gas
•   
Heating Zones: 3
•   
Heating Description Unit2: Hot Water Baseboard, Gas
•   
Heating Description Unit3: Hot Water Baseboard, Gas
Appliances
•   
Hot Water: Natural Gas
•   
Unit 3 Appliances: Range, Refrigerator
•   
Unit 2 Appliances: Range, Refrigerator
•   
Unit 1 Appliances: Range, Refrigerator
Bedrooms Info
•   
Total Beds: 6
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 3, 3
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Flooring
•   
Flooring: Wood, Vinyl
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 3
Property Type
•   
Property Type: 3 Family - 3 Units Up/Down
•   
Mls Prop Type: 3 Family - 3 Units Up/Down
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Park, Medical Facility, Laundromat, Public School, University
Lot Info
•   
Zoning: RB
•   
Lot Description: City View(s)
•   
Acres: 0.11
Exterior Features
•   
Building Exterior Details: Aluminum, Porch, Porch - Enclosed, Patio, Fenced Yard
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Concrete Block
•   
Roof: Rubber
•   
Year Built Description: Actual
•   
Lead Paint: Unknown
•   
Year Built Source: Public Record
•   
Construction Materials: Frame, Brick, Stone/Concrete
Basement Info
•   
Basement
•   
Basement Details: Full, Interior Access, Concrete Floor, Unfinished Basement
Parking Info
•   
Parking Descriptions: On Street Permit
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Gas Range, for Gas Dryer
Other
•   
Uffi: Unknown
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 2167061
•   
Oh Flag: 1
•   
Status: Sold
Financial Info
•   
Fin Code: Conv. Fixed
Lease Info
•   
Gross Income: 54000
•   
Net Operating Income: 54000
•   
Monthly Rent Unit 1: 1500
•   
Monthly Rent Unit 2: 1800
•   
Monthly Rent Unit 3: 1200
•   
Total Rent: 4500
Listing Details
•   
Disclosures: Broker is related to Seller
Tax/Assessment Info
•   
Tax Year: 2015
•   
Assessed Value: 707200.00
•   
Taxes: 8917.79
Listing Contacts
•   
Selling Agent: B0605013
Terms
•   
Terms Feature: Contract for Deed
School Neighborhood & Directions
Location
•   
Street Number: 29-31
•   
Map Book: 11601
•   
Map Page: 78
•   
Directions: Washington St to Magnus Ave across from Perry Park
•   
Road Type: Public
Other
Other
•   
Main So: B95079
Calculation
•   
Price Per Sqft: 314.92
•   
List Price Per Sqft: 340.97
•   
Sold Price Per Sqft: 314.92
•   
Cdom Property: 83
•   
Cdom Broker: 83
•   
Cdom: 83

Neighborhood snapshot

62
Properties for sale
17
Median days on market
$692.16
Median sold price/sqft
103.07%
Sold/List %
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Property History for 29 Magnus Ave

01/23/2016
01/23/2016
MLS PIN #71900136
sold
MLS PIN #71900136
$1,100,000

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