291 Summer Street, Somerville

291 Summer Street

Somerville, MA 02144
New Price $1,350,000
SOLD $1,400,000
Multi-Family
6
3 full
SQ  FT
2,644

Property Description

This ‘Red Lady’ could be yours! Fantastic opportunity on the doorsteps of both Davis and Porter Squares, this lovely two-family house has been in the same family for decades and is well maintained and updated. The twelve well-proportioned sunny rooms are graced with generous sized windows, great ceiling height and feature beautiful original red oak and fir floors. The first-floor unit is comprised of five rooms and has open front and rear porches. The second unit occupies the two upper floors. It has four bedrooms and two bathrooms as well as an open front and an enclosed rear porch. Entertain with friends and guests on the patio in the cozy back yard or wander out to the minuteman bike path or off to any number of fabulous eateries, cafes and specialty food shops that are blocks from the front door. This property has tremendous investment potential, with great bones, it is perfect for an owner occupant w/ income, for an investor or for condominium conversion as it will be delivered vacant.

Interior

Size: 2,644 sq. ft.
Rooms: 12 (5/7)
Bedrooms: 6 (2/4)
Bathrooms: 3 full (1/2)
Basement: Yes Full, Walk Out, Concrete Floor, Unfinished Basement

Exterior

Lot: 2,614 sq. ft.
Material: Clapboard, Shingles
Roof: Asphalt/Fiberglass Shingles
Outdoors: Porch, Patio, Gutters, Screens, Fenced Yard, City View(s), Garden Area
Parking: On Street Permit

Systems

Heat: Central Heat, Steam, Gas, Individual, Unit Control, 2 Zones
Electric: 220 Volts, Circuit Breakers, 100 Amps, Individually Metered
Hot Water: Natural Gas, Tank
Laundry: in unit washer and dryer
Energy Features: Insulated Windows, Storm Windows, Insulated Doors, Storm Doors, Prog. Thermostat
Lead Paint: Unknown
Solar Panels (*see below)

Other

Year Built: 1910
FY-22 Taxes: $6,444.01
Assessment: $992,500

*Solar Panels:

There are solar panels on the roof that are owned and maintained by Sunrun. This is a 25 year agreement term length which began in February 2020. (2.9% annual increase in monthly bill). The 2022 monthly electric bill is $ 71.92. Sunrun monitors the system to ensure it runs properly. Sunrun insures, maintains and repairs the system. Sunrun also provide a 10- year roof warranty. Sunrun guarantees the buyer will qualify to assume the agreement.

Disclosures:

Property being sold as is. There are a number of window screens missing.

Approximate dates for upgrades to the house.
• Both Boilers: 2021
• Water Heaters:
1st Floor: Spring 2021
2nd Floor: 2019
• 2nd Floor Updates:
Bathroom: 2017
Kitchen and Bathroom floors: 2018
Dishwasher: 2019
Stove: 2017

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