2 months on rocket

74 Franklin St, Somerville, MA, 02145

$1,600,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
4 Full Baths
3,149 SqFt
$508/SqFt
Multi
Schools Nearby

Location

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74 Franklin St, Somerville$1,600,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Year Built1890
HeatingBaseboard, Natural Gas, Forced Air
BasementYes
MLS #73205642
Lot Size0.10 Acres
StatusActive

About 74 Franklin St

Located minutes to 93, this 4 family is an ideal investment or owner-occupied property. This home is conveniently located approximately 1.5 miles away from Kendall Square and 1.2 miles from Assembly Row. Unit 1: boasts 4 generous sized bedrooms, a full bath, dining/living room/kitchen combo. Unit 2: is a 1 bedroom with living room with enough space for a small office area and a full bath. Unit 3: is a 1 bedroom with lots of natural light. Living room also has space for an office area. Unit 4: is a 3 bedroom with a flexible floor plan with kitchen, living room and bath. All kitchens have gas cooking. The basement has coin-operated laundry hookups. Parking for 4+ cars. A commuter's dream come true with many options including easy access to Green Line Extension, Orange Line, Route 93, and more.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 3,149 SqFt

Listing Office:

  • Office Name: Redfin Corp.
  • Listing Agent: Joanne Rodrigues

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: Paved Drive, Off Street

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Somerville High School, Public District Grades 9-12
  • E Somerville Community, Public District Grades KG-8
  • Albert F. Argenziano School At Lincoln Park, 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 use GPS - Pearl St to Franklin St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,600,000
  • Price Per SqFt: $508/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.0

Tax Information:

  • Annual Amount: $9,208
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$1.0M

Med. Price/SqFt

$635

Avg. Days On Market

35

# of Sold Homes

35

74 Franklin St vs Somerville

61 DAYS ON ROCKET

+26 Days

$1,600,000

+$576.2K More

$508/SqFt

-$128 Less

KEY TAKEAWAY

This property is $576.2K more than the Median Sold Price and $128/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: #73205642

Listing Office:

  • Office Name: Redfin Corp.
  • Listing Agent: Joanne Rodrigues

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: 4/27/2024, 8:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 06, 2014Home Sold
$489,000
May 06, 2004Home Sold
$264,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,208$903,600
2020$8,525$844,900
2019$7,356$683,600
2018$6,837$604,500
2017$6,507$557,600

History based on county public records data.

Payment Calculator

$8,053

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

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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-1569908
9
/10
  • Benjamin G Brown

  • 201 Willow Ave

  • 1.80 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1569909
4
/10
  • E Somerville Community

  • 50 Cross St

  • 0.32 miles

  • Public District Grades KG-8

school-card-donut-1569910
3
/10
  • Albert F. Argenziano School At Lincoln Park

  • 290 Washington St

  • 0.72 miles

  • Public District Grades PK-8

school-card-donut-1569911
5
/10
  • Winter Hill Community

  • 115 Sycamore St

  • 0.94 miles

  • Public District Grades PK-8

High School

school-card-donut-1569912
4
/10
  • Somerville High School

  • 81 Highland Ave

  • 0.68 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,641. The most common annual income of people living in Somerville, MA is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›74 Franklin St

This home is located at 74 Franklin St in Somerville, MA and zip code 02145 in the East Somerville neighborhood. This 3,149 square foot home, which was built in 1890, sits on a 0.10 acre lot. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $1,600,000.

While more than 17 listings in Somerville, MA in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 16 were sold below. Between February 2024 and March 2024, Somerville, MA real estate market has seen increase in the number of listings by 15.2%. In March 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $1,023,750.

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

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