53 Concord Avenue

Somerville, MA 02143

$1,000,000
Last Sold Price
3
Beds
3
Baths
2,358 Sq. Ft.
$424 / Sq. Ft.
2,358
Sq. Ft.
$424
per Sq. Ft.

Description

Great investment opportunity where popular Somerville and Cambridge hubs converge! This easy to manage, easy to rent, well maintained 2-family is located at the intersection of Inman and Union Square. Tenants enjoy all the easy transportation options to Porter and Harvard Square with close proximity to restaurants, night life and convenience of nearby Whole Foods Market on Beacon Street. The addition of the new Green Line Union Square T stop connects you to Boston. The unique 2-family home consists...Great investment opportunity where popular Somerville and Cambridge hubs converge! This easy to manage, easy to rent, well maintained 2-family is located at the intersection of Inman and Union Square. Tenants enjoy all the easy transportation options to Porter and Harvard Square with close proximity to restaurants, night life and convenience of nearby Whole Foods Market on Beacon Street. The addition of the new Green Line Union Square T stop connects you to Boston. The unique 2-family home consists of large 1+ bedroom layouts with dedicated deck/porch spaces on the first and second levels - potential for a 2-room studio apartment exists on the top floor. A long driveway and freestanding garage allow for parking and storage as well as a nice back yard for chilling and grilling. The home contains updated heating systems, storage and coin-operated laundry in the basement. This property has a long track record of strong and steady rent. Be the next owner to claim that benefit!

Listing Agent

  1. Jeff Stephens

    Jeff Stephens

    Listing Agent

    Compass

Property Details for 53 Concord Avenue

Town
Somerville
Area
MA-Somerville
Garage Spaces
1
Parking Spaces
2.00
Parking Spaces Total
3

Location

Sold By Keller Williams Realty Boston Northwest, Santana Team

Add your commute
LISTING UPDATED: 09/16/2022 05:03 PM

Property Details for 53 Concord Avenue

StatusSold
MLS #73019665
Days on Market17
Taxes$10,155 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1900
CountyMiddlesex County

Location

Sold By Keller Williams Realty Boston Northwest, Santana Team

Add your commute

Virtual Tour

Building Information for 53 Concord Avenue

Stories3Residences2Year Built1900Building Size-Lot Size0.08 AC / 3,521 SF

Payment Calculator

$6,304 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$846

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 53 Concord Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 2358.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Gas Water Heater, Utility Connections for Gas Oven
  • Basement Features: Concrete Floor
  • 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: Tile, Laminate, Hardwood
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Deck
  • Lot Description: Level
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: On Street Permit, Paved Driveway
  • Open Parking: Yes
  • Parking Features: On Street Permit, Paved Driveway
  • Parking Features: On Street Permit, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Unit #2 Leased Thru 8/31/22. Net Operating Income Auto-Populated Unit 2 Rent Times 12 Months. Gross Annual Income Reflects Property When Units Were Previously Rented. See Agent For Details.
Tax Information
  • Tax ID: M:75 B:E L:25,758408
  • Assessments: $997,500
  • Book: 48765
  • Tax Year: 2022
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 3
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $69,000.00
  • NOI: $26,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $2,200.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1.5

Property History for 53 Concord Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 53 Concord Avenue

Taxable ValueLand$607,400Additions$417,400Total$1,024,800
Tax Record2024$10,781 ($898 / month)
Home Facts
Beds4Baths3Total Finished SqFt2,638 SqFtAbove Grade Finished SqFt2,638 SqFtStories3Lot Size3,521 SqFtStyleSingle Family ResidenceYear Built1900ZoningRBCountyMIDDLESEXAPNSOME M:75 B:E L:25

Schools near 53 Concord Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 7 to 8
Rating
School
Distance
Somerville High School
Public9 to 12

E Somerville Community
PublicK to 8

Next Wave Junior High School
Public7 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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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.

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.