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Somerville 02144 Medford Hillside
23 Wallace Street
$2,500,000
● House - Off Market

23 Wallace Street

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,037 Ft²
$1,969,185
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Storybook single family on the doorstep of Davis Square. Nine-foot ceilings on both floors make this updated Mansard Victorian a very comfortable and most inviting home. The generous living room with front bay window sits next to the well-proportioned dining room. Cook's kitchen with center island opens onto the delightful family room with fireplace and cathedral ceiling. Step out on the back deck and enter into your own very spacious fenced yard. The bedroom level features a primary bed-bath suite, as well as two additional good-size bedrooms and a full bath with laundry. Additional highlights of this home include garage parking; ample storage on the lower level; and central ac. A truly exceptional residence.
Unit Size
2,037 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$951
Property Type
House
Property Taxes
$1,025
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #72980579)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
May 12, 2022 Listed by Compass $1,938,000
Listed by Compass
Dec 19, 2016 Sold
Premium
Sold
Oct 21, 2016 Listed by Compass $1,390,000
Listed by Compass
Jun 2, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • 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: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Total Building Area: 2,090
  • Gross Building Area: 3,620
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 350500

Zoning

  • Zoning: RA

Geography

  • Account Number: 4166160
  • District: 274
  • Parcel: SOME M:16 B:C L:3
  • Block: C
  • Lot: 3
  • Municipality: SOMERVILLE
  • Latitude: 42.3985
  • Longitude: -71.1228

    Address

  • Full Address: 23 Wallace St
  • Address - House Number: 23
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C063
  • 4-Digit Zip Code: 1832
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,200,000

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,998,677
  • High Value: 2,356,662
  • Low Value: 1,640,691

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,091,300
  • Assessed Land Value: $932,300
  • Assessed Improvements Value: $1,159,000

    Sales

  • Current Sale Contract Date: Jun 07, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87678
  • Previous Sale Recording Date: Dec 19, 2016
  • Previous Sale Amount: $1,465,000
  • 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:

$1,083,500

Sale Price/ft²

$550

Below Asking

0.01%

Average Days on Market

55

Average Home Size

4964 ft²

Average Home Age

68.9 years

Currently For Sale

11 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 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# 72980579

Frequently Asked Questions

When was property at 23 Wallace Street built and last sold?
The property at 23 Wallace Street was built in 1900 and last sold on Jun 7, 2022 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 23 Wallace Street is $1,902,843.
What are some comparable homes to 23 Wallace Street?
There are currently no comparable homes to 23 Wallace Street.
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