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62-64 Flint St
Score
71
Somerville, MA

62-64 Flint St

1.3M
4 bd • 2 ba • 1,774 sf

This analysis was generated on 3/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$1,349,000

Price/Sq.Ft

$760

Year Built

1890

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Hardwood Flooring: Adds warmth and value to the living spaces; desirable feature for many buyers • Updated Bathrooms: Modern fixtures and finishes increase appeal and reduce immediate renovation needs • Roof Deck: Provides outdoor living space with potential city views, a premium amenity • In-Unit Laundry: Convenient and highly desirable feature for urban living • Hardwood Floors • Updated Bathrooms • Roof Deck • In-Unit Laundry • Bay Windows • Price Position: At $760.43/sqft, the property is priced significantly higher than the median $562/sqft for the 02145 zip code, indicating a potential overpricing issue. • Appreciation Trend: While the area has seen a 10.3% year-over-year price increase, this may not be sustainable in the current buyer's market. • Negotiation Opportunity: At 219 days on market, this property has been listed significantly longer than average, suggesting potential pricing issues or condition concerns. • Rental Income: $3,950/month with 90% occupancy (0.0% cap rate) • Future Development: No specific planned developments are mentioned in the provided data. • The property benefits from good natural light, especially in rooms with bay windows. The roof deck also provides ample sunlight. • The layout appears functional with good flow between rooms. The presence of multiple bathrooms is a plus. The roof deck access adds unique value. The desk area on the upper floor is a good use of space.
Hardwood Flooring

Hardwood Flooring

Adds warmth and value to the living spaces; desirable feature for many buyers.

Updated Bathrooms

Updated Bathrooms

Modern fixtures and finishes increase appeal and reduce immediate renovation needs.

Roof Deck

Roof Deck

Provides outdoor living space with potential city views, a premium amenity.

The Bad

• Buyer's market conditions may limit appreciation potential in the short term. • High price point may deter some buyers despite the renovated condition. • Older building (built in 1890) may require ongoing maintenance and potential repairs. • School Quality Issue: Low school ratings (4/10) may negatively impact property values compared to areas with higher-rated schools. Quantifying the exact impact requires a more detailed comparative analysis. • Climate Risk: No climate risk data available to assess insurance implications

The Ugly

No critical issues identified

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $47,400 with 90% occupancy rate Value Investors: Projected 5.6% appreciation potential in moderate scenario

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$99,035

Property History

Price History
Ownership Timeline

Property Taxes

$9,359
2024 Tax Assessment
Assessed Value$889,600
Tax Rate1.05%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Schools

Nearby school quality by education level

Elementary

5.6/10
Average

Middle

4.3/10
Average

High

2.5/10
Below Average

Financials

Monthly Costs
Market Rent (4 bed)

$2,260

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,349,000
Price/sqft
$760
Layout
4 bd2 ba
Days on market
219 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,150,601

17.2%

Your price is 17.2% above average

Median Price

$1,100,000

22.6%

Based on 6 recent sales

Price per Sq.Ft

$649

17.2%

Your price is 17.2% above average $/sqft

Comparable Properties

11 Spring Hill Ter, Somerville, MA 02143
Price: $1,100,000
Sq.Ft: 1,757
Beds/Baths: 4/2
$/Sq.Ft:
$62617.7%
Sale Date: 10/31/2024
27-29 Knapp St, Somerville, MA 02143
Price: $1,060,000
Sq.Ft: 1,780
Beds/Baths: 5/2
$/Sq.Ft:
$59621.7%
Sale Date: 10/22/2024
18 Wesley Park, Somerville, MA 02143
Price: $1,025,000
Sq.Ft: 1,950
Beds/Baths: 4/2
$/Sq.Ft:
$52630.9%
Sale Date: 11/21/2024
14 Cypress St, Somerville, MA 02143
Price: $1,088,606
Sq.Ft: 1,777
Beds/Baths: 4/2
$/Sq.Ft:
$61319.4%
Sale Date: 9/17/2024
14 Oak St, Cambridge, MA 02141
Price: $1,300,000
Sq.Ft: 1,699
Beds/Baths: 3/2
$/Sq.Ft:
$7650.6%
Sale Date: 9/19/2024
207 Highland Ave #B, Somerville, MA 02143
Price: $1,330,000
Sq.Ft: 1,730
Beds/Baths: 4/3
$/Sq.Ft:
$7691.1%
Sale Date: 2/25/2025

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