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Somerville 02144 Davis Square
3 Wallace Street
$372,500
● House - Off Market

3 Wallace Street

Somerville, MA 02144
bedrooms
5 Beds
bathrooms
1 Bath
square feet
1,839 Ft²
$1,060,818
RealtyHop Estimate
172.07%
Since Jan 1, 2001
MA-Boston
Primary Model

About This Property

ADORABLE TURN OF THE CENTURY 8 ROOM SINGLE IN THE HEART OF DAVIS SQUARE. LOVELY PERIOD DETAILS INSIDE AND OUT. A MAGICAL BACK YARD AND GARDEN COMPLETE THE PICTURE.
Unit Size
1,839 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$212
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #30450772)

Price History

Date / Event Date Event Price
Dec 15, 2000 Sold
Premium
Sold
Oct 3, 2000 Listed $389,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 21
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,436
  • Total Building Area: 1,963
  • Gross Building Area: 3,222
  • Building Area: 1,963
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,963
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: W C MAHANEY
  • Land Acres: 0000000056
  • 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: RB

Geography

  • Account Number: 11344120
  • District: 274
  • Parcel: SOME M:21 B:A L:23
  • Block: A
  • Lot: 23
  • Municipality: SOMERVILLE
  • Latitude: 42.398
  • Longitude: -71.1234

    Address

  • Full Address: 3 Wallace St
  • Address - House Number: 3
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C063
  • 4-Digit Zip Code: 1811
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,458,400

    Appraisal Valuation

  • Standard Deviation: 0.1601
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,470,899
  • High Value: 1,706,413
  • Low Value: 1,235,385

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,386,300
  • Assessed Land Value: $735,500
  • Assessed Improvements Value: $650,800

    Sales

  • Current Sale Recording Date: Dec 15, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Davis Square

Stats & Trends

Median Asking:

$1,374,500

Sale Price/ft²

$824

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1675 ft²

Average Home Age

118.5 years

Currently For Sale

4 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

$2,624 /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 years ago
Data Source: MLS PIN, MLS# 30450772

Frequently Asked Questions

When was property at 3 Wallace Street built and last sold?
The property at 3 Wallace Street was built in 1900 and last sold on Jan 1, 1970 for $372,500.
How much is this home worth?
The estimated value of the home located at 3 Wallace Street is $0.
What are some comparable homes to 3 Wallace Street?
There are currently no comparable homes to 3 Wallace Street.
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