fy2014followup — File 196012

COMPARISON OF STATE FORM LA-4 FY 2013 & 2014 USE CODE DESCRIPTION FY 2013 FY 2014 FY 2013 FY 2014 PARCEL COUNT PARCEL COUNT ASSESSED VALUE ASSESSED VALUE 101 SINGLE FAMILY 2,361 2,359 $985,771,600 $1,102,374,000 102 CONDOMINIUM 4,379 4,589 $1,417,769,100 $1,551,117,500 104 TWO FAMILY 5,274 5,244 $2,610,031,800 $2,776,305,300 105 THREE FAMILY 2,367 2,352 $1,322,562,900 $1,406,724,800 109 2 OR MORE RES. BUILDINGS/1 LOT 70 69 $46,732,200 $49,872,800 111-125 APARTMENTS 4+ 662 662 $734,224,600 $793,143,100 130-132,106 VACANT RES. LAND 194 187 $9,430,800 $10,005,400 300-393 COMMERCIAL 609 608 $770,721,800 $930,352,600 400-452 INDUSTRIAL 121 112 $273,007,500 $331,988,000 012-043 MIXED USE RESIDENTIAL 262 256 $166,723,502 $204,784,449 MIXED USE COMMERCIAL $72,521,098 $89,954,551 501-508 PERSONAL PROPERTY 1,356 1,345 $185,838,150 $199,049,900 TOTAL REAL & PERSONAL PROPERTY VALUE 17,655 17,783 $8,595,335,050 $9,445,672,400 900-990 EXEMPT REAL ESTATE 390 407 $1,189,749,000 $1,272,271,900

Major contributors to FY 2014 Growth: -Condo growth up due to an almost doubling on the number of units added from FY 2013, from 120 units to 210 units for FY 2014. Highest growth numbers of the total $36 mil. in valuation was from: -60 Clyde St., $4.9 mil. -16-42 Weston Ave. $4.2 mil. -65 Beacon St. $1.7 mil -100 Fellsway West $1.7 mil. -270 Cedar St. $1.4 mil. -65 School St. & 63-67 Summer St. $1.2 mil. Note that 65 units of the total 210 added for FY 2014 were from new construction while 145 were due to conversion. -Multi-Family growth was $7.5 mil. with over $3 mil. due to Max Pak. -“All others” includes the residential portion of mixed use with total growth of $29.5 mil. and $27.8 mil. due to Assembly Square. -Commercial totaled $42 mil. which included: -DIF blocks at Assembly were $28.8 mil. -133 Middlesex Ave. $5.7 mil. (mall) -50 Middlesex Ave. $3.7 mil. (records storage) -105 Alewife Brk. Pkwy. $1.3 mil (Stop and Shop) -Personal Property totaled $44.9 mil and included: -NStar Electric $8.9 mil -50 Inner Belt Rd. (Carbonite) $7.9 mil. -NStar Gas Co. $3.0 mil. -70 Inner Belt Rd. (Computer Services Corp.) $1.5 mil. -35 McGrath Hwy., (Eagle Investment) $1.5 mil. -70 Inner Belt Rd. (Pioneer Investment) $1.1 mil. -Boston Gas Co. $1.0 mil. -70 Inner Belt Rd. (Compuware Corp) $1.0 mil. -DirecTV $1.0 mil. High end rents:

Income & expense information submitted to the Board of Assessors by landlords is confidential and cannot be shared with the public. However, we were able to find some rental information on several different web sites. Rents at Maxwell’s Green were found on www.forrent.com. Apt. type # bdrms. Baths Sq. ft. Price range Studio Studio 1 495-655 $1915-$2220 1 bdrm 1 1 764-800 $2595 1 bdrm + den 1 1 795-875 $2610-$2780 2 bdrm 2 2 974-1198 $3000-$3385 2 bdrm + den 2 2 966-1169 $3025-$3590 3 bdrm 3 2 1164 $3774-$3775 3 bdrm twnhse 3 2 1395-1420 $4054-$4055 Rents at Avalon at Assembly Row were found on www.avaloncommunities.com Beds Rent Sq. ft. Studio $2260 & up 451-541 1 Bedroom $2480 & up 704-943 2 Bedroom $2605 & up 1089-1554 3 Bedroom $4300 & up 1886 Rents for storage at 50 Middlesex Ave. were found on www.publicstorage.com and include 5’ X 10’ at $102/mo., 10’ X 10’ at $120/mo., 10’ X 25’ at $165/mo., and 10’ X 30’ at $190/mo. (other options available). Office and retail rental information could not be found on the web. Highest office rents in the City for calendar 2012 were generally found in Davis Sq. at between $40 and $45 per sq. ft. Highest retail rents during the same period were also generally found in Davis Sq. running between $30 and $35 per sq. ft. (from income & expense information provided by Somerville property owners).