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Somerville 02144 West Somerville
357 Alewife Brook Pkwy
$418,000
● House - Off Market

357 Alewife Brook Pkwy

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$762,348
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Don't miss this inviting 3-bedroom home with amazing potential! On a corner lot, on the Somerville/Arlington line, you're minutes away from Davis and Teele Squares, Route 2, I-93, parks, restaurants and shopping. The ample living room features a bay window, a wood-burning fireplace and hardwoods under the carpet. The master and a generous second bedroom have views of the Dilboy Stadium across the street. A third, smaller bedroom is in the rear of the house as well as a full bath with a new tile floor.  Lower level offers great storage, washer and dryer, and a full bath. Potential to finish the lower level for additional living space!  Fenced in backyard and a driveway for up to 4 cars off is conveniently located off of Fairfax. A great opportunity to build equity in hot West Somerville!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$273
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #71619365)

Price History

Date / Event Date Event Price
Jul 1, 2014 Sold
Premium
Sold
Jan 1, 2014 Listed by Prudential Buccelli Real Estate, Inc. $420,000
Listed by Prudential Buccelli Real Estate, Inc.
Jan 18, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 4,872
  • Total Building Area: 1,536
  • Gross Building Area: 2,408
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,536
  • 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: 350702

Zoning

  • Zoning: RA

Geography

  • Account Number: 3161080
  • District: 274
  • Parcel: SOME M:3 B:E L:1
  • Block: E
  • Lot: 1
  • Municipality: SOMERVILLE
  • Latitude: 42.4121
  • Longitude: -71.1307

    Address

  • Full Address: 357 Alewife Brook Pkwy
  • Address - House Number: 357
  • Address - Street Name: Alewife Brook
  • Address - Suffix Type: Pkwy
  • State: MA
  • City Name: Somerville
  • Carrier Code: C058
  • 4-Digit Zip Code: 1103
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $789,000

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,010,691
  • High Value: 1,190,108
  • Low Value: 831,275

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $750,000
  • Assessed Land Value: $611,600
  • Assessed Improvements Value: $138,400

    Sales

  • Current Sale Recording Date: Jul 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92418
  • Previous Sale Recording Date: Jan 18, 1990
  • Previous Sale Amount: $145,000
  • Previous 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 West Somerville

Stats & Trends

Median Asking:

$1,150,000

Sale Price/ft²

$588

Below Asking

0.03%

Average Days on Market

67

Average Home Size

2061 ft²

Average Home Age

74.5 years

Currently For Sale

25 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

$2,652 /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: 6 months ago
Data Source: MLS PIN, MLS# 71619365

Frequently Asked Questions

When was property at 357 Alewife Brook Parkway built and last sold?
The property at 357 Alewife Brook Parkway was built in 1920 and last sold on Jan 1, 1970 for $418,000.
How much is this home worth?
The estimated value of the home located at 357 Alewife Brook Parkway is $453,246.
What are some comparable homes to 357 Alewife Brook Parkway?
There are currently no comparable homes to 357 Alewife Brook Parkway.
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