23 Packard Ave, Somerville MA 02144

Somerville, MA 02144 • Tufts University
$1,700,000
8
Beds
4
Baths
3,329
Sq Ft
$511
Price/Sq Ft
0.08
Acres
1886
Year Built
3
Parking
5
Days on Market
Sold 2024 Listed Apr 2, 2024 • MLS# 73218695 Copied! • Updated Jun 26, 2024

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Sale Statistics

Sale Overview
Original List Price: $1,599,900
Final Sale Price: $1,700,000
Difference: +$100,100 (+6.3%)
Performance Metrics
106.3%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $481
Sale $/sq ft: $511
This property sold for $511 per square foot
Sale Summary

This property sold for 6.3% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

About this home

23 Packard Avenue is a significant gambrel-style two-family home, prominently positioned near Tufts University, Teele Square, and Davis Square. With a strong history of great tenants, this property has been a reliable source of income. Inside, you'll find charming natural woodwork, ornate details, and stained-glass windows on the first floor, complemented by high ceilings and hardwood floors throughout. Unit 1 offers a Philadelphia-style layout with 4 beds and 2 baths, while Unit 2 spans the 2nd and 3rd floors and features 4 bedrooms, potential for a 5th bedroom, and two baths. Both units offer front and back porches, as well as eat-in kitchens with dishwashers. The basement features impressively tall ceilings. The property also includes forced air systems with the potential to add central air conditioning, a spacious backyard, and parking for up to 3 cars. Updates include vinyl siding, composite decking, and a newer roof (5-7 years). See group showing times.

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Recently Sold Nearby

Price & Status History

Market Insights

8.6%
Price Range
7
Total Days on Market

Property Timeline

Current Active Listing - MLS #73584940
Full transaction history available when tracking began
🏡
Currently Listed
Oct 1, 2026
$1,750,000
MLS #73584940 - Active
✓
Sold
Jun 26, 2024
$1,700,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Apr 2, 2024
$1,599,900
Original listing
Agent: Katherine Malin Office: Compass

Tax History

Year Taxes Assessment
2024 $14,223 $1,352,000

Financial Details

Annual Property Tax
$14,223
Tax Year 2024
Assessed Value
$1,352,000

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1886
Living Area 3,329 sq ft
Lot Size 0.08 acres
Bedrooms 8
Full Baths 4
Total Rooms 14

Investment Metrics

Units 2
Unit 1 Rent $4,300/mo · Y
Unit 2 Rent $4,900/mo · Y
Total Monthly Rent $9,200/mo
Gross Income $110,400
Net Operating Income $110,400
Cap Rate 6.90%
Heating None
Cooling None
Flooring Wood, Tile, Hardwood
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features Living Room, Kitchen, Dining Room, Office/den
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck - Composite
Features Paved Drive, Off Street, Tandem, Paved
Total Spaces 3
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $14,223
Assessed Value $1,352,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Unit 1 Rented Until 8/31/2024 At $4300unit 2 Rented Through 8/31/2024 At $4900 (used As 4 Beds, Could Be 5 Beds Plus An Office).
Exclusions Tenant Belongings
Possession None
Accepted Financing None
Structure Type []
House Color Tan
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 7 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
Sold
Year Built
1886
Bedrooms
8
Full Bathrooms
4
Living Area
3,329 sq ft
Total Rooms
14
Stories
4
Levels
4

Floor Layout

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances:
Interior Features: Living Room, Kitchen, Dining Room, Office/Den
Windows: Insulated Windows
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1886
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 4

Utilities & Systems

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck - Composite
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street, Tandem, Paved
School District
Somerville School District local
B-
✓ School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
↓ 3.0% below state avg
E

Elementary Schools

3 schools
Tufts Educational Day Care Center
0.2 mi
Grades PK-K
International School of Boston
0.4 mi
Grades PK-K
Lycee International de Boston/International School of Boston, Inc.
0.4 mi
Grades 01-12
M

Middle Schools

3 schools
A
Rindge Avenue Upper School
0.8 mi | #66 of 352 | Score: 54.0
Dropped 1 spots from last year
-4.2 below state avg
278 students Diverse
Diverse Student Body Strong Attendance
Grades 06-08
A+
Gibbs School
1.2 mi | #32 of 352 | Score: 59.9
Improved 7 spots from last year
+1.7 above state avg
480 students Diverse
Strong Attendance
Grades 06
B+
Madeleine Dugger Andrews Middle School
1.5 mi | #132 of 352 | Score: 45.9
Improved 28 spots from last year
-12.3 below state avg
438 students Diverse
Rising School
Grades 06-08
H

High Schools

1 school
Curtis-Tufts School
0.9 mi
18 students Very Diverse
Diverse Student Body
Grades 09-12
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Location

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Neighborhood

Tufts University

23 Packard Ave, Somerville MA 02144

Somerville, MA 02144

Listing Information

Listing Agent Katherine Malin
Listing Office Compass
Office Phone 617-303-0067
Agent MLS ID CT006899
Office MLS ID AN2606
Listing Data Updated Jun 26, 2024 9:48 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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