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Somerville 02144 Medford Hillside
48 Wallace Street
$360,000
● House - Off Market

48 Wallace Street

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,924 Ft²
$1,006,403
RealtyHop Estimate
172.07%
Since Jan 1, 2001
MA-Boston
Primary Model

About This Property

WELL MAINTAINED SINGLE IN DAVIS SQUARE MOST DESIRABLE NEIGHBORHOOD. LARGE OPEN LIVING/DINING AREA & EAT-IN KITCHEN. FINSIHED BASEMENT EXTENDS FAMILY LIVING SPACE SMALL REAR YARD.
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$192
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1885

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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 #30450764)

Price History

Date / Event Date Event Price
Jan 2, 2001 Sold
Premium
Sold
Oct 3, 2000 Listed $369,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,211
  • Total Building Area: 1,940
  • Gross Building Area: 3,058
  • Building Area: 1,940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • 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: 12364032
  • District: 274
  • Parcel: SOME M:16 B:B L:41
  • Block: B
  • Lot: 41
  • Municipality: SOMERVILLE
  • Latitude: 42.3994
  • Longitude: -71.1226

    Address

  • Full Address: 48 Wallace St
  • Address - House Number: 48
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C063
  • 4-Digit Zip Code: 1807
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,531,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 1,170,725
  • High Value: 1,432,834
  • Low Value: 908,617

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,455,300
  • Assessed Land Value: $706,900
  • Assessed Improvements Value: $748,400

    Sales

  • Current Sale Recording Date: Jan 02, 2001
  • 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 Medford Hillside

Stats & Trends

Median Asking:

$1,078,000

Sale Price/ft²

$551

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

$2,624 /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# 30450764

Frequently Asked Questions

When was property at 48 Wallace Street built and last sold?
The property at 48 Wallace Street was built in 1885 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 48 Wallace Street is $0.
What are some comparable homes to 48 Wallace Street?
There are currently no comparable homes to 48 Wallace Street.
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