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Somerville 02145 Ten Hills
124 Heath Street
$1,250,000
● Multifamily - Off Market

124 Heath Street

Somerville, MA 02145
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,900 Ft²
$1,628,358
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

New-Construction Two-Family by David Aposhian. This unfinished fully-framed shell is being sold as-is with building permits and stamped architect plans.  The interior is currently wide open, leaving the buyer many options to personalize the interior. The property features a brand-new engineered slate and copper roof, Velux skylights and Pella Architectural Windows and Doors, reclaimed 19th-century wood beams & vaulted ceilings.  This property also includes 9 garage bays that can possibly be converted to a residential unit or completely razed for another single family or multi-family house. Special permit or variance may be required.  Seller makes no representations and Buyer must do all due-diligence with the city.  This is ideal for someone looking to have a workshop or vintage-car storage.
Unit Size
2,900 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$379
Property Type
Multifamily
Property Taxes
$369
HOA Dues
-
Year Built
2018

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #72334923)

Price History

Date / Event Date Event Price
Jan 24, 2022 Sold
Premium
Sold
Jan 11, 2021 Sold
Premium
Sold
Jul 17, 2019 Sold
Premium
Sold
Aug 15, 2018 Sold
Premium
Sold
May 29, 2018 Listed by Real Estate 109 $1,100,000
Listed by Real Estate 109

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,047
  • Gross Building Area: 3,047
  • Building Area: 3,047
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,047
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1004
  • County Land Use Code: 102

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 350108

Geography

  • Account Number: 20232220
  • District: 274
  • Parcel: SOME M:47 B:I L:4 U:124
  • Block: I
  • Lot: 4
  • Municipality: SOMERVILLE
  • Latitude: 42.3962
  • Longitude: -71.0979

    Address

  • Full Address: 124 Heath St
  • Address - House Number: 124
  • Address - Street Name: Heath
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C079
  • 4-Digit Zip Code: 1419
  • Zip Code: 02145

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,672,000

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,598,752
  • High Value: 1,888,588
  • Low Value: 1,308,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,589,400
  • Assessed Improvements Value: $1,589,400

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 1904867
  • Previous Sale Recording Date: Jan 11, 2021
  • Previous Sale Contract Date: Dec 22, 2020
  • Previous Sale Amount: $1,650,000
  • Previous Sale Document Type: 14
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 Ten Hills

Stats & Trends

Median Asking:

$750,000

Sale Price/ft²

$592

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1836 ft²

Average Home Age

101.7 years

Currently For Sale

22 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

$3,218 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 195 Pleasant St, MA, 02148

$1,670 /mo

  • 1 Bed
  • 1 Bath
195 Pleasant St, MA, 02148 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72334923

Frequently Asked Questions

When was property at 124 Heath Street built and last sold?
The property at 124 Heath Street was built in 2018 and last sold on Jan 21, 2022 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 124 Heath Street is $1,800,998.
What are some comparable homes to 124 Heath Street?
There are currently no comparable homes to 124 Heath Street.
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