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Somerville 02144 Medford Hillside
123 Pearson Rd
$1,285,000
● House - Off Market

123 Pearson Rd

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,762 Ft²
$1,281,471
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Finally the opportunity to have your own freestanding single family home on a beautiful tree lined street in an amazing Tufts/Ball Sq location!  This DELEADED home checks all the boxes- freshly painted, spacious and sunny, featuring refinished hardwood floors, central air conditioning, a large primary suite with walk out deck to sip your morning coffee and a bonus finished basement playroom/gym. Test your green thumb in your private fenced back yard; You'll appreciate your exclusive extra wide driveway, and being just steps to the new Greenline extension stops as well as just a short walk to Tufts campus, Ball and Davis Squares. If you've just been waiting for a true single family, but have been stuck in the condo price point, don't miss your opportunity to make 123 Pearson Rd your forever home.
Unit Size
1,762 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$735
Property Type
House
Property Taxes
$1,005
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73125162)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jul 25, 2023 In contract -
In contract
Jun 15, 2023 Listed by Flow Realty, Inc. $1,295,000
Listed by Flow Realty, Inc.
Jul 5, 2017 Sold
Premium
Sold
May 6, 2017 Listed by Flow Realty, Inc. $989,000
Listed by Flow Realty, Inc.
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,518
  • Total Building Area: 1,504
  • Gross Building Area: 2,513
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000058
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 350400

Zoning

  • Zoning: RA

Geography

  • Account Number: 12372195
  • District: 274
  • Parcel: SOME M:18 B:A L:4
  • Block: A
  • Lot: 4
  • Municipality: SOMERVILLE
  • Latitude: 42.4046
  • Longitude: -71.1156

    Address

  • Full Address: 123 Pearson Rd
  • Address - House Number: 123
  • Address - Street Name: Pearson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Somerville
  • Carrier Code: C053
  • 4-Digit Zip Code: 1317
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,284,100

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,248,885
  • High Value: 1,472,574
  • Low Value: 1,025,196

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,220,600
  • Assessed Land Value: $621,100
  • Assessed Improvements Value: $599,500

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101256
  • Previous Sale Recording Date: Jul 05, 2017
  • Previous Sale Amount: $981,500
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Medford Hillside

Stats & Trends

Median Asking:

$1,089,000

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

55

Average Home Size

4419 ft²

Average Home Age

62.8 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 205 Walden St, Cambridge, MA, 02140

$3,213 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73125162

Frequently Asked Questions

When was property at 123 Pearson Road built and last sold?
The property at 123 Pearson Road was built in 1915 and last sold on Sep 7, 2023 for $1,285,000.
How much is this home worth?
The estimated value of the home located at 123 Pearson Road is $1,278,513.
What are some comparable homes to 123 Pearson Road?
There are currently no comparable homes to 123 Pearson Road.
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