240 School Street

Somerville, MA 02145

$708,000
Last Sold Price
8
Beds
4
Baths
4,256 Sq. Ft.
$166 / Sq. Ft.
4,256
Sq. Ft.
$166
per Sq. Ft.

Description

Very Well Maintained Owner Occupied 3 Family on WinterHill. Great investment rental income potential of $5,000+ Mth. $60,000 yr income, 11k yr expenses=$49k yr Net Income! Features a finished basement with full kitchen & bath, & 5 car driveway. Unit #1 owner occupied, potential rent $2100 Mth. Unit #2 is a remodeled 3 Bedrm, currently rented out as a 2 bedrm at $1600Mth. Unit #3 has great tenants,here 8 years now so the rent has stayed $1000 but market value is $1400. Great Return on Investment!Very Well Maintained Owner Occupied 3 Family on WinterHill. Great investment rental income potential of $5,000+ Mth. $60,000 yr income, 11k yr expenses=$49k yr Net Income! Features a finished basement with full kitchen & bath, & 5 car driveway. Unit #1 owner occupied, potential rent $2100 Mth. Unit #2 is a remodeled 3 Bedrm, currently rented out as a 2 bedrm at $1600Mth. Unit #3 has great tenants,here 8 years now so the rent has stayed $1000 but market value is $1400. Great Return on Investment!
  1. Listed by Jeff Romano • Romano Real Estate

Property Details for 240 School Street

Town
Somerville
MLS Area
Winter Hill
Area
MA-Somerville-Winter Hill, MA-Somerville
Style
Garden
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5

Location

Listing Courtesy of Romano Real Estate, Jeff Romano

Sold By Unlimited Sotheby's International Realty, B. J. Ray

Add your commute
LISTING UPDATED: 08/06/2022 05:34 AM

Property Details for 240 School Street

StatusSold
MLS #71366839
Days on Market62
Taxes$7,494 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1910
CountyMiddlesex County

Location

Listing Courtesy of Romano Real Estate, Jeff Romano

Sold By Unlimited Sotheby's International Realty, B. J. Ray

Add your commute

Building Information for 240 School Street

Stories6Residences3Year Built1910Building Size-Lot Size0.12 AC / 5,165 SF

Payment Calculator

$4,488 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,864

Property Taxes

$625

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 240 School Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, University, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 4256.0
  • Color: Green
  • Total Units: 3
  • Property Condition: Unit 2 Remodeled
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher), Unit 2(Dishwasher, Disposal, Refrigerator, Washer, Dryer), Unit 3(Range, Dishwasher, Refrigerator), Utility Connections for Gas Range
  • Basement Features: Full, Partially Finished, Interior Access
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Features: Unit 1(Ceiling Fans, High Speed Internet Hookup, Bathroom With Tub), Unit 2(Ceiling Fans, Unit 3(Ceiling Fans, Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room
  • Laundry Features: Unit 2 Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Fruit Trees, Garden
  • Exterior Features: Fruit Trees, Garden Area, Porch - Enclosed
  • Lot Description: Easements
  • Patio And Porch Features: Enclosed
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway, Other
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway, Other
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(Window AC), Unit 3(Window AC)
  • Cooling: Yes
  • Electric: 220 Volts, Circuit Breakers
  • Heating: Unit 1(Hot Water Radiators, Steam, Oil), Unit 2(Hot Water Radiators, Unit 3(Hot Water Baseboard, Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Tax ID: 59B8,756230
  • Assessments: $572,500
  • Book: 28546
  • Tax Year: 2012
  • Zoning: RA
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Other
  • Foundation Area: 0.0
Income / Expenses
  • GOI: $31,200.00
  • NOI: $31,200.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 2%

Property History for 240 School Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 240 School Street

Taxable ValueLand$440,800Additions$1,045,400Total$1,486,200
Tax Record2024$15,635 ($1,303 / month)
Home Facts
Baths4Total Finished SqFt4,256 SqFtAbove Grade Finished SqFt4,256 SqFtStories3Lot Size5,165 SqFtStyleTriplexYear Built1910ZoningRACountyMIDDLESEXAPNSOME M:59 B:B L:8

Schools near 240 School Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Somerville High School
Public9 to 12

Arthur D. Healey School
PublicPK to 8

Full Circle High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Romano Real Estate, Jeff Romano

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.