Last Sold Price
7 beds3,216 sqft$451/sqft
115-117 Pearson Rd, Somerville, MA 02144

Description

Fantastic location 1 block from Tufts University! Large two-family home with a great rental history. Investors take notice. Great income potential as a rental or condominium conversion project. The first floor unit has 3 bedrooms and an updated bath, kitchen, dining room and living room. The second and third floor make up a four bedroom unit, with 1 full bath and 1 three quarter bath, kitchen, dining room and living room. Great ceiling height. The home has newer gas heating systems and has a slate...Fantastic location 1 block from Tufts University! Large two-family home with a great rental history. Investors take notice. Great income potential as a rental or condominium conversion project. The first floor unit has 3 bedrooms and an updated bath, kitchen, dining room and living room. The second and third floor make up a four bedroom unit, with 1 full bath and 1 three quarter bath, kitchen, dining room and living room. Great ceiling height. The home has newer gas heating systems and has a slate roof. The property will be delivered vacant September 1 or possibly before. Showings only on April 11, 18 and 25 from 9:30-12:30pm by appointment only. Offers will be reviewed on May 1. The Seller will not review offers prior to May 1, 2024. Property is being sold as is. Seller reserves the right to reject any or all Offers.
LISTING CLOSED: 07/01/2024 12:00 AM

Property Details for 115-117 Pearson Road

Status
MLS #
73218312
Days on Market
42
Taxes
$10,481 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 2 Family
Year Built
1910
Town
Somerville
MLS Area
Tufts University
Area
MA-Somerville-Tufts University, MA-Somerville
Garage Spaces
1
Parking Spaces Total
2

Recent comparable sales

Median sold price

$1,400,000

Avg days on market

36

Sale-to-list ratio

95.6%

Somerville, MA

9 comparable properties found

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Square Feet
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Location

Sold By Lexwin Realty, Carlos Xu

Add your commute

Building Information for 115-117 Pearson Road

Stories3Residences2Year Built1910Building Size-Lot Size0.10 AC / 4,539 SF

Payment Calculator

$8,244 per month

30 year fixed, 6.55% Interest

Principal and Interest

$7,370

Property Taxes

$873

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 115-117 Pearson Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Cash
  • Living Area: 3216.0
  • Color: Green
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Slate
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Tandem
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Part of the property is in the town of Medford. Taxes do not include Medford taxes if any. Lot sq footage includes both Somerville and Medford. Some seepage in the basement. Buyer and buyer agents should do their own due diligence and verify all information. Listing Agent is related to Seller.
Tax Information
  • Tax ID: M:18 B:A L:6
  • Assessments: $996,300
  • Book: 20134
  • Tax Year: 2024
  • Zoning: RA
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $67,800.00
  • NOI: $67,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,650.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1

Property History for 115-117 Pearson Road

DateEvent & SourcePriceAppreciation
Jul 1, 2024

Sold

MLS PIN #73218312

$1,450,000
May 2, 2024

Under Agreement

MLS PIN #73218312

May 2, 2024

Contingent

MLS PIN #73218312

DateEvent & SourcePrice
07/01/2024

Sold

MLS PIN #73218312

$1,450,000
05/02/2024

Under Agreement

MLS PIN #73218312

05/02/2024

Contingent

MLS PIN #73218312

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 115-117 Pearson Road

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Benjamin G. Brown School
PublicK to 5

West Somerville Neighborhood School
PublicPK to 8

Somerville High School
Public9 to 12

John F. Kennedy Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 115-117 Pearson Road, Somerville, MA 02144
$1,450,000
7
3,216
4,539
$230,000
2
3,216
3,333
$1
2
2
1,980
$1,285,000
7
2,663
3,360
$100,000
3
2,443
3,360
1
3,465

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.