Sold for $1,435,000

$1,435,000

38-40 Fairmount Ave, Somerville, MA 02144

7beds

3,440sqft

Multi Family

Built in 1910

-- sqft lot

$-- Zestimate^®

$417/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

Family Owned for over 58 Years! UNDER A MILE to the DAVIS SQ REDLINE... just over a HALF MILE TO THE TUFTS GREEN LINE. A LOT OF HOUSE...Brick Front 14 Room (5&9) 2 FAMILY with OVER 3400 SQ FT OF LIVING AREA... living area does NOT incl E-Z BONUS EXPANSION of a previously finished basement that has ADDITIONAL HALF BATH. Quiet serene highly sought after neighborhood...close to everything! FIRST FLR UNIT IS VACANT w/ 5 rms, 2 bdrms & a full bath... 2nd Floor Unit is rented for $3,700 a month w/ 9 rms 5 bdrms & 2 full baths...lease exp is 8/31/24. Hardwood floors on 1st floor. First floor ktchn has pantry. Both units have laundry's. BASEMENT HAS OVER 900 SQ FT... MOST OF WHICH IS FINISHED. Solid house in good condition with incredible upside & fantastic rent potential. Driveway has pavers with off street parking for 2 cars. Back yard has patio area! Rated a VERY WALKABLE WALK SCORE OF 89... VERY BIKEABLE BIKE SCORE OF 87 w/ EXCELLENT TRANSIT. ENTIRE HOUSE CAN BE DELIVERED VACANT!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Features

Flooring: Wood, Tile
Basement: Full,Finished
Has fireplace: No

Interior area

Total structure area: 3,440
Total interior livable area: 3,440 sqft

Property

Parking

Total spaces: 2
Parking features: Paved Drive, Off Street
Uncovered spaces: 2

Lot

Size: 3,500 Square Feet
Features: Level

Details

Zoning: Rsdntl

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Stone
Roof: Slate

Condition

Year built: 1910

Utilities & green energy

Electric: 220 Volts, Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station, University

Location

Region: Somerville

Financial & listing details

Price per square foot: $417/sqft
Tax assessed value: $1,312,400
Annual tax amount: $13,806
Date on market: 1/13/2026
Total actual rent: 3700

Price history

Date	Event	Price
8/5/2024	Sold	$1,435,000-4.3%$417/sqft
Source: MLS PIN #73263717 Report a problem
7/17/2024	Contingent	$1,499,000$436/sqft
Source: MLS PIN #73263717 Report a problem
7/11/2024	Listed for sale	$1,499,000$436/sqft
Source: MLS PIN #73263717 Report a problem