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Somerville 02143 Ward Two
23 Dane Avenue
$1,167,000
● House - Off Market

23 Dane Avenue

Somerville, MA 02143
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,091 Ft²
$1,068,625
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

This charming, cottage-style, 2 bedroom, 2.5 bathroom, single family house is located between Union Square and the Cambridge/Somerville line. This home's first floor has an updated kitchen with a cook's stove, a natural wood trimmed living room with built-in bookshelves, a half bath, and a wonderful family room with vaulted ceilings, skylight windows and a wood burning stove. Upstairs there are two bedrooms with beamed, vaulted ceilings with skylights, and a bathroom with a clawfoot tub. The partially finished lower level offers an area that could be used as an additional den and office space. This level also has a full bathroom and ample storage space. This home is centrally heated and cooled by a mini-split heat pump system. Outside is a large, park-like backyard, a shed, and two parking spots. Close to Union, Inman, and Harvard Squares, the T (Red and Green Lines), parks, and many neighborhood shops and restaurants.
Unit Size
1,091 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$962
Property Type
House
Property Taxes
$670
HOA Dues
-
Year Built
1885

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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 #73083876)

Price History

Date / Event Date Event Price
Apr 13, 2023 Sold
Premium
Sold
Mar 7, 2023 In contract -
In contract
Mar 2, 2023 Listed by Channing Real Estate $1,050,000
Listed by Channing Real Estate
Sep 7, 1999 Sold
Premium
Sold
Jun 18, 1999 Listed by Channing Real Estate $179,900
Listed by Channing Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,343
  • Total Building Area: 1,091
  • Gross Building Area: 2,131
  • Building Area: 1,091
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,091
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 351204

Zoning

  • Zoning: RB

Geography

  • Account Number: 4173080
  • District: 274
  • Parcel: SOME M:64 B:C L:6
  • Block: C
  • Lot: 6
  • Municipality: SOMERVILLE
  • Latitude: 42.3801
  • Longitude: -71.1035

    Address

  • Full Address: 23 Dane Ave
  • Address - House Number: 23
  • Address - Street Name: Dane
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Somerville
  • Carrier Code: C006
  • 4-Digit Zip Code: 3726
  • Zip Code: 02143

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,208,300

    Appraisal Valuation

  • Standard Deviation: 0.2287
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 68
  • Final Value: 1,018,670
  • High Value: 1,251,683
  • Low Value: 785,657

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,148,600
  • Assessed Land Value: $846,200
  • Assessed Improvements Value: $302,400

    Sales

  • Current Sale Contract Date: Apr 13, 2023
  • Current Sale Recording Date: Apr 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 36987
  • Previous Sale Recording Date: Sep 07, 1999
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Ward Two

Stats & Trends

Median Asking:

$1,164,950

Sale Price/ft²

$791

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2987 ft²

Average Home Age

82.9 years

Currently For Sale

19 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 249 Third St., Cambridge, MA, 02142

$3,450 /mo

  • Studio
  • 1 Bath
  • 558 ft²
249 Third St. #The Flats Studio E, Cambridge, MA, 02142 Listing by Equity Residential
Unit for rent at 285 Third Street, Cambridge, MA, 02142

$5,445 /mo

  • 2 Beds
  • 2 Baths
  • 1,077 ft²
285 Third Street #2 Bed (North)- 1077, Cambridge, MA, 02142 Listing by Equity Residential
Unit for rent at 205 Walden St, Cambridge, MA, 02140

$3,530 /mo

  • 2 Beds
  • 1 Bath
  • 963 ft²
205 Walden St #The Chilton, Cambridge, MA, 02140 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73083876

Frequently Asked Questions

When was property at 23 Dane Avenue built and last sold?
The property at 23 Dane Avenue was built in 1885 and last sold on Apr 13, 2023 for $1,167,000.
How much is this home worth?
The estimated value of the home located at 23 Dane Avenue is $1,024,459.
What are some comparable homes to 23 Dane Avenue?
There are currently no comparable homes to 23 Dane Avenue.
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