Hotel Properties in Somerville | Reonomy

Hotel Properties in Somerville

Unlock property data on 9 hotel properties in Somerville. Search through Somerville property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Popular searches around Somerville

Reonomy attracts a large community of Somerville commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in hotel properties.

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Somerville hotel property sold prices and values

Values and sold prices (last 24 months) United States Massachusetts Somerville
Average price/sqft -- -- --
Average sold price $4,085,330 $3,112,273 --
Median sold price $480,789 $760,833 --
Number of sales 12,877 240 --
Number of sales over $250k 7,903 168 --
Number of sales over $1m 4,952 105 --
Number of sales over $10m 945 16 --
Average total tax amount $57,102 $43,691 $1,246,504
Average assessed value $2,417,429 $2,493,435 $74,685,700
Average market value $3,159,528 $2,493,435 $74,685,700

Somerville hotel property property averages

Property averages United States Massachusetts Somerville
Average lot size 564,547 sf 117,142 sf 75,866 sf
Median lot size 47,410 sf 36,650 sf 77,536 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1984 1957 2012
Average number of units 57 38 78
Median number of units 18 11 35

Somerville hotel property total supply

Supply United States Massachusetts Somerville
Number of parcels 123,614 2,475 9
Aggregate lot acerage 1,760,905 3,600 10
Aggregate building area -- -- --
Aggregate units 2,245,433 51,978 551

Somerville hotel property industrial mortgages

Debt United States Massachusetts Somerville
Number of mortgages 291,753 6,479 29
Average value of mortgages $66,050,032 $23,752,078 $84,648,047

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