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Somerville 02144 Davis Square
41 Thorndike
$755,000
● House - Off Market

41 Thorndike

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,199 Ft²
$1,124,795
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Attention Investors and Contractors! Davis Square location near Cambridge line. Plans in hand for a 3 beds 3.5 bath with 3 separate suites. Plans include dormers on 3rd floor and finished basement. Plans call for approx  2100-2200 of GLA. Located adjacent to the Bike Path! See showing instructions.
Unit Size
1,199 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$634
Property Type
House
Property Taxes
$711
HOA Dues
-
Year Built
1890

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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 #72361928)

Price History

Date / Event Date Event Price
Oct 1, 2018 Sold
Premium
Sold
Jul 13, 2018 Listed by USA Real Estate Advisors $759,900
Listed by USA Real Estate Advisors
Mar 6, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 2,033
  • Total Building Area: 1,634
  • Gross Building Area: 2,426
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000047
  • 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: 350900

Zoning

  • Zoning: RB

Geography

  • Account Number: 13439100
  • District: 274
  • Parcel: SOME M:17 B:J L:1
  • Block: J
  • Lot: 1
  • Municipality: SOMERVILLE
  • Latitude: 42.3973
  • Longitude: -71.1259

    Address

  • Full Address: 41 Thorndike St
  • Address - House Number: 41
  • Address - Street Name: Thorndike
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C063
  • 4-Digit Zip Code: 2741
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,421,800

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 1,227,924
  • High Value: 1,502,688
  • Low Value: 953,161

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,351,500
  • Assessed Land Value: $684,200
  • Assessed Improvements Value: $667,300

    Sales

  • Current Sale Recording Date: Oct 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 151061
  • Previous Sale Recording Date: Mar 06, 2018
  • Previous Sale Amount: $750,000
  • 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 Davis Square

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$774

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1559 ft²

Average Home Age

74 years

Currently For Sale

3 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

$3,175 /mo

  • 1 Bed
  • 1 Bath
  • 760 ft²
205 Walden St #The Cadbury, 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# 72361928

Frequently Asked Questions

When was property at 41 Thorndike Street built and last sold?
The property at 41 Thorndike Street was built in 1890 and last sold on Jan 1, 1970 for $755,000.
How much is this home worth?
The estimated value of the home located at 41 Thorndike Street is $771,376.
What are some comparable homes to 41 Thorndike Street?
There are currently no comparable homes to 41 Thorndike Street.
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