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Somerville 02144 Medford Hillside
33 Wallace Street
$1,290,000
● House - Off Market

33 Wallace Street

Somerville, MA 02144
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,915 Ft²
$3,053,530
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Queen Anne Victorian completely restored/gut renovated for today's lifestyle.  Steps to Davis Square, situated on a nice level lot with ample parking, patio and garden.  First class renovation with attention to every detail and amenity as well as energy efficiency. Gorgeous designer custom kitchen with island, Great Room with fireplace, First floor full bath, Library and Formal Dining Room; all carefully designed and appointed.  This is a true Gem!
Unit Size
2,915 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$479
Property Type
House
Property Taxes
-
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: 5 months ago (MLSPIN #71287228)

Price History

Date / Event Date Event Price
Jan 30, 2012 Sold
Premium
Sold
Sep 14, 2011 Listed by Dowd Properties $1,395,000
Listed by Dowd Properties
Jun 9, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 1,476
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,900
  • Total Building Area: 2,848
  • Gross Building Area: 4,647
  • Building Area: 2,848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,848
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • 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: 13469050
  • District: 274
  • Parcel: SOME M:16 B:C L:5
  • Block: C
  • Lot: 5
  • Municipality: SOMERVILLE
  • Latitude: 42.3988
  • Longitude: -71.1226

    Address

  • Full Address: 33 Wallace St
  • Address - House Number: 33
  • 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: $2,261,900

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 2,171,121
  • High Value: 2,528,319
  • Low Value: 1,813,923

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,150,100
  • Assessed Land Value: $918,500
  • Assessed Improvements Value: $1,231,600

    Sales

  • Current Sale Recording Date: Jun 09, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000009
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

$2,597 /mo

  • Studio
  • 1 Bath
  • 539 ft²
205 Walden St #The Copley, 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: 5 months ago
Data Source: MLS PIN, MLS# 71287228

Frequently Asked Questions

When was property at 33 Wallace Street built and last sold?
The property at 33 Wallace Street was built in 1900 and last sold on Jan 1, 1970 for $650,000.
How much is this home worth?
The estimated value of the home located at 33 Wallace Street is $1,426,122.
What are some comparable homes to 33 Wallace Street?
There are currently no comparable homes to 33 Wallace Street.
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