Lovely mix of old world charm & modern convenience on tree-lined street by Tufts. Cherry & maple kitchen with plentiful cabinets & quartz counter. Roll out shelves and deep drawers will keep you organized. Sunny bow windows in the LR & DR. A door between the BRs make it easy to use the 2nd bedroom as an office or study. New fixtures and lighting in bath. Gas heat (new boiler in 2004) Washer, dryer and refrigerator included as gifts. 20 lb pet or under, owner occupant. 7/10 of a mile to Davis Sq.

As you can see from the chart above, absorption rates are quite low for the city. Only the multi family market is out of equilibrium. This is due primarily to the fact that during the height of the market, so many contractors came into the city and bought up as many 2 and 3 family homes as they could. Somerville has a condo review board and the approval process slowed down the number of apartments converted to condos in the city. But these investors could make so much money selling each apartment individually that they bid up the price of multi family homes to a point where these homes no longer made financial sense to the typical multi family buyer – the first time buyer or small investor looking for rental income.

The average sale price over the last 6 months of multi family homes has come down to a much more realistic $471,296, so the “normal” multi family buyers are starting to come back to the market.