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Financial
Distress signals
Property profile

113 Washington St Somerville, MA 02143

OFF-MARKET
Turn key restaurants
Property ID
US38-1089002
460 SF 0.02 ac lot Built 1930
Last sale Mar 2006 · $200,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This unique investment opportunity presents the chance to own Buddy's Diner, a piece of Somerville history. Built in 1929 as a Worcester Lunch Car (WLN No. 624), this vintage diner originally operated in Leominster as Sawin's Diner before relocating to its current Somerville address in the early 1950s. For nearly a century, Buddy's has served the community, building a loyal customer base. Currently closed due to a sewage pipe issue, the diner is being sold "as is," reflecting the seller's…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$235k
Assessed land$200k
Assessed improvement$35k
Effective rate1.82%

Value estimate

· Oct 2026
$220k
$198k – $242k
AI approach$220k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$290/SF
County average, outlier-cleaned · 138 recorded sales of this use type
Observed band · Q1–Q3$147 – $429

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RC
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Accounting Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Accounting Firm10.3
Nursing Home9.7
Watch Repair Shop9.7

Location

113 Washington St Somerville, MA 02143-4426
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
96 Highland, Somerville, MA 02143-1663 $450,000 Jul 2024 3,060 SF
249 Washington, Somerville, MA 02143 $1,750,000 Apr 2024 3,517 SF
34 Allen, Somerville, MA 02143-3408 $2,100,000 Mar 2024 2,709 SF
518 Somerville, Somerville, MA 02143-3250 $295,000 Feb 2023 3,910 SF
216 Mcgrath, Somerville, MA 02143-3402 $200,000,000 Jun 2022 2,718 SF
286 Somerville, Somerville, MA 02143 $5,750,000 Jan 2020 2,023 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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