Two-Unit Somerville Vic Sells for $300K-Plus Over Asking

Everyone knows that Somerville is the most important American city since pre-Revolution Boston. Such a reputation has helped make the real estate in the former Plan B to Cambridge some of the most desirable in the region. Investors and developers can see around the corner to a Somerville further linked by the extended Green Line and the higher prices/rents sure to follow. How else to explain what happened with the two-unit Victorian at 174 Hudson Street near Porter Square? The multifamily hit the sales market in early May for $949,000. It traded lightning quick, closing June 3 for $1,250,000—or a full $301,000 over its asking price. The house's lower unit has five rooms total with one bedroom and one bathroom. The upper unit is six rooms with three bedrooms and one bathroom. Let's see if the rents go up. Care to wager?
· Somerville Is Doomed to Be a More Desirable Place to Live [Curbed Boston]
· Mayor Joe Curtatone on Keeping Somerville Quirky, Affordable [Curbed Boston]
· Priciest, Cheapest Areas to Rent a Hub Apartment Right Now [Curbed Boston]