A 4-unit new construction building with approximately a 7% cap rate on the invested money presents an excellent opportunity for investors or owner-occupiers seeking profit and long-term growth. It benefits from having condo documents in hand, leading to savings on property tax. Additionally, it can be sold as individual condominiums. Each unit features two levels, three bedrooms, and three baths. The house unit has a rooftop. It is conveniently located approximately 1.8 miles from Harvard Square Cambridge. The MBTA train station is just 0.3 miles away.it will be delivered with occupancy certificate.
This property is $2.8M more than the Median Sold Price and $234/SqFt more than other homes in Somerville, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73214061
Listing Office:
Office Name: Century 21 North East
Listing Agent: Viviane Alvarenga
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20K
Per Month
Principal & Interest
$19.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12K
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
King Open
850 Cambridge St
Distance between this listing and this school0.34 miles
Public District Grades PK-5
8
/10
Cambridgeport
89 Elm St
Distance between this listing and this school0.60 miles
Public District Grades PK-5
5
/10
Kennedy-Longfellow
158 Spring St
Distance between this listing and this school0.61 miles
Public District Grades PK-5
Nearby Schools
4
/10
Albert F. Argenziano School at Lincoln Park
290 Washington St
Distance between this listing and this school0.34 miles
Public District Grades PK-8
4
/10
Cambridge Street Upper School
840 Cambridge St
Distance between this listing and this school0.35 miles
Public District Grades 6-8
3
/10
E Somerville Community
50 Cross St
Distance between this listing and this school0.69 miles
Public District Grades KG-8
Nearby Schools
4
/10
Somerville High School
81 Highland Ave
Distance between this listing and this school0.72 miles
Public District Grades 9-12
5
/10
Community Charter School of Cambridge
245 Bent St
Distance between this listing and this school0.76 miles
Public Charter Grades 6-12
1
/10
Full Circle High School
11 Otis St
Distance between this listing and this school0.78 miles
The neighbors living near this home have an average income of $43,876. The majority of Somerville, MA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 6-8-10-12 Liden St in Somerville, MA and zip code 02143 in the Union Square / Prospect neighborhood. This 4,592 square foot home, which was built in 1900, sits on a 0.10 acre lot. Features: 12 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $4,000,000.
In November 2024, from all listings sold in Somerville, MA there were more than 16 sold above asking price, over 18 sold below and more than 7 were sold right at the asked price. Between October 2024 and November 2024, Somerville, MA real estate market has seen decrease in the number of listings by 19.8%. While the average time on the market in November 2024 was 40 days, the median list price was $1,112,333.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Music Concerts
Music Concerts
Tennis
Art Museums
H&M
Crate & Barrel
Bloomingdales
Chipotle
Starbucks
Jack In The Box
Volkswagen
BMW
Audi
Rhythmic Contemporary Hits
News
Jazz