12 days on rocket

55 Elmwood St, Somerville, MA, 02144

$1,800,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
3,000 SqFt
$600/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

55 Elmwood St, Somerville$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOff Street
Garage1 space
Year Built1900
BasementYes
MLS #73226616
Lot Size0.10 Acres
StatusActive

About 55 Elmwood St

A rare opportunity to own an exceptional multi-family in the highly sought-after Elmwood Street neighborhood, just steps away from the popular Davis Square bike path! This home reflects owners’ pride and showcases modern, airy floor plans complemented by a striking limestone fireplace in the dining room. Completely renovated approximately 28 years ago with great attention to detail, both units feature natural sunlight, an abundance of built-ins, spacious closets, and bleached red oak hardwood floors. Entertain outdoors on two expansive maintenance-free decks overlooking a lovely backyard. Off-street parking for two vehicles in non-tandem spaces and an attached garage. Basement boasts impressive ceiling height, 100-amp circuit breakers for each unit, separated systems and gas heating. Walk score of 94 means a quick walk to the Red Line T station and vibrant Davis Square.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Benoit Real Estate Group ,LLC
  • Listing Agent: Shane Marrion

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.10 Acres

School Info

Assigned Schools Information:

  • Somerville High School, Public District Grades 9-12
  • West Somerville Neighborhood, Public District Grades PK-8
  • John F Kennedy, Public District Grades PK-8
  • Winter Hill Community, Public District Grades PK-8
  • Benjamin G Brown, Public District Grades KG-6

Other

Directions Information:

  • Directions: Please gps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $600/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2%

Tax Information:

  • Annual Amount: $12,470
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Somerville, MA.

Map thumbnail provided by MapBox

Somerville, MA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$630

Avg. Days On Market

37

# of Sold Homes

42

55 Elmwood St vs Somerville

12 DAYS ON ROCKET

-25 Days

$1,800,000

+$770K More

$600/SqFt

-$30 Less

KEY TAKEAWAY

This property is $770K more than the Median Sold Price and $30/SqFt less 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: #73226616

Listing Office:

  • Office Name: Benoit Real Estate Group ,LLC
  • Listing Agent: Shane Marrion

IDX 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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/4/2024, 12:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 28, 1995Home Sold
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,470$1,223,700
2020$11,569$1,146,600
2019$11,128$1,034,200
2018$10,889$962,800
2017$10,488$898,700

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

Powered By

Rocket Mortgage

Advertisement

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.

Elementary School

school-card-donut-5637612
9
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.69 miles

  • Public District Grades KG-6

Middle School

school-card-donut-5637613
6
/10

  • West Somerville Neighborhood

  • 177 Powder House Blvd

  • 0.50 miles

  • Public District Grades PK-8

school-card-donut-5637614
8
/10

  • John F Kennedy

  • 5 Cherry St

  • 0.88 miles

  • Public District Grades PK-8

school-card-donut-5637615
5
/10

  • Winter Hill Community

  • 115 Sycamore St

  • 1.55 miles

  • Public District Grades PK-8

High School

school-card-donut-5637616
4
/10

  • Somerville High School

  • 81 Highland Ave

  • 1.75 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,685. Residents of Somerville, MA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02144›55 Elmwood St

This home is located at 55 Elmwood St in Somerville, MA and zip code 02144 in the Davis Square neighborhood. This 3,000 square foot home, which was built in 1900, sits on a 0.10 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 21, 2024 and is currently priced at $1,800,000.

Over 21 listings were sold over their listed price in April 2024 in Somerville, MA. In the same period over 15 listings were sold below the listed price and 6 listings were sold for the listed price. In April 2024 in Somerville, MA there were 28.9% more homes for sale than in March 2024. Listings spent 37 days on the market in April 2024, and had a median list price of $1,029,983 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources