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30 Otis Street

30 Otis Street, Somerville, MA 02145
Property in East Somerville
1 Units For Sale
Unit for sale at 30 Otis St, Somerville, MA 02145

$1,400,000

  • 8 Beds
  • 3 Baths
30 Otis St, Somerville, MA 02145 Listing by Souzan Davood

30 Otis Street in Somerville, MA was first built in 1900 and is 124 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 3 floors. There are a total of 15 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 30 Otis Street has 3,479 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,500 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of tar and gravel. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. As for heating, the home is utilizing a hot water heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 30 Otis Street sold most recently in Jun 5, 2023 for a total of $1,450,000. If you work out the math, that's approximately a cost of $416.79 per sqft. Before that, the property was also sold for $1,150,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $11,772 in taxes each year. The initial year of tax delinquency occurred in 2024. 30 Otis Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $1,119,000. If we break it down further, the land itself was valued at $398,000. Improvements to the property, however, were assessed at a total of $721,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

Building Features

Parking

Off Street Parking
Paved Parking

HVAC

Unit 1: No A/C
Unit 2: No A/C
Unit 3: No A/C

Driveway

Paved Driveway

Location

Near Public Transit

Facilities

Laundry Room
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20170411
04/11/2017
8 Bed
3 Bath
-
$1,195,000
bedrooms
8 Bed
bathrooms
3 Bath
$1,195,000
08/18/2017
-
Donald Norton
Lighthouse Realty Group, Inc.
20000413
04/13/2000
9 Bed
-
-
$415,000
bedrooms
9 Bed
bathrooms
-
$415,000
10/19/2000
-
Paul Caten
Elm Real Estate

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 8
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Other
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,500
  • Total Building Area: 3,479
  • Gross Building Area: 4,642
  • Building Area: 3,479
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,479
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERVILLE
  • Land Acres: 0.08
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : KUAI JUN
  • Previous Owner : REID BEVERLEY
  • Owner Before Previous Owner: HAGOS MEKDES
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 351403

Zoning

  • Zoning: RB

Geography

  • Account Number: 20682090
  • District: 274
  • Parcel: SOME M:90 B:H L:8
  • Block: H
  • Lot: 8
  • Municipality: SOMERVILLE
  • Latitude: 42.3874
  • Longitude: -71.0887

    Address

  • Full Address: 30 Otis St
  • Address - House Number: 30
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C075
  • 4-Digit Zip Code: 3184
  • Zip Code: 02145

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $11,772
  • Intital Tax Deliquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,381,400
  • High Value: 1,634,340
  • Low Value: 1,128,460

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: LEADER BANK NA
  • First Open Lien Mortgage Recording Date: Jun 05, 2023
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 05, 2053

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,119,000
  • Assessed Land Value: $398,000
  • Assessed Improvements Value: $721,000

    Sales

  • Current Sale Contract Date: Jun 05, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Transaction ID: 11908065634
  • Current Sale Price: $1,450,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 59142
  • Previous Sale Recording Date: Aug 18, 2017
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: LEADER BANK NA
  • First Mortgage Transaction Date: Jun 05, 2023
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: SAGE BANK
  • Previous Mortgage Transaction Date: Aug 18, 2017
  • Previous Mortgage Loan Amount: $862,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About East Somerville



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Frequently Asked Questions

What neighborhood is 30 Otis Street located in?
The 30 Otis Street is a located in the neighborhood of East Somerville in East Somerville, Somerville.
How many listings are currently for sale in 30 Otis Street?
There is one unit for sale right now.
What is the average sales price for listings in 30 Otis Street?
The average sales price for units in 30 Otis Street is $1,400,000 currently.

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