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Somerville 02144 Medford Hillside
872 Broadway
$1,350,000
● House - Off Market

872 Broadway

Somerville, MA 02144
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,230 Ft²
$1,926,368
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Mixed-use property in a prime area at the Powder House Rotary! This spacious single-family home with attached commercial unit (currently a barber shop) offers well-proportioned rooms, hardwood flooring, central A/C, plus large yard with ample driveway parking. Convenient to major roadways, public transportation systems including the Red Line T and the Green Line Extension, Davis Square, Tufts University, and numerous restaurant and shopping venues.
Unit Size
2,230 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$626
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
2022

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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 #72571990)

Price History

Date / Event Date Event Price
Oct 22, 2020 Sold
Premium
Sold
May 29, 2020 Sold
Premium
Sold
Sep 27, 2019 Listed by Griffin Properties, Inc. $1,395,000
Listed by Griffin Properties, Inc.

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 300
  • Living Units: 13
  • Business/Commerical Units Count: 18
  • 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: 4,485
  • Total Building Area: 9,269
  • Gross Building Area: 10,359
  • Building Area: 9,269
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,230
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000103
  • Standard Land Use Code: 2044
  • County Land Use Code: 013

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 350500

Zoning

  • Zoning: RB

Geography

  • Account Number: 13461172
  • District: 274
  • Parcel: SOME M:15 B:E L:5
  • Block: E
  • Lot: 5
  • Municipality: SOMERVILLE
  • Latitude: 42.4006
  • Longitude: -71.118

    Address

  • Full Address: 872 Broadway
  • Address - House Number: 872
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Somerville
  • Carrier Code: C053
  • 4-Digit Zip Code: 1905
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,431,600
  • Assessed Land Value: $933,000
  • Assessed Improvements Value: $498,600

    Sales

  • Current Sale Contract Date: Oct 20, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 193328
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: Apr 17, 2020
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: O
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:

$1,099,999

Sale Price/ft²

$555

Below Asking

0.01%

Average Days on Market

55

Average Home Size

4585 ft²

Average Home Age

72.7 years

Currently For Sale

14 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

$3,213 /mo

  • 1 Bed
  • 1 Bath
  • 625 ft²
205 Walden St #The Seville, Cambridge, MA, 02140 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72571990

Frequently Asked Questions

When was property at 872 Broadway built and last sold?
The property at 872 Broadway was built in 2022 and last sold on Oct 20, 2020 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 872 Broadway is $1,414,454.
What are some comparable homes to 872 Broadway?
There are currently no comparable homes to 872 Broadway.
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