1025 Broadway

1025 Broadway has been categorized by the local assessors in Somerville, MA as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The home has a total of 15 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1025 Broadway has 2,940 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,016 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1025 Broadway sold most recently in Oct 27, 2023 for a total of $2,250,000. If you work out the math, that's approximately a cost of $765.31 per sqft. Before that, the property was also sold for $1,275,000 in Jun 6, 2022. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $16,222 in taxes each year. The initial year of tax delinquency occurred in 2023. 1025 Broadway was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $1,542,000. If we break it down further, the land itself was valued at $660,600. Improvements to the property, however, were assessed at a total of $881,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!