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37 Banks Street # 3, Somerville MA 02144

Somerville, MA 02144
$730,000
Est. $3,885/month
2
Beds
1
Baths
842
Sq Ft
$867
Price/Sq Ft
1920
Year Built
Condominium
Type
18
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73356822

About this home

New 3 family conversion on desirable Banks Street minutes to Porter and Davis Squares, T, shopping and lively restaurants. Inviting 3 rd floor "garret style " 2 bedroom with sky lghts offers privacy and light! This unique top floor condo offers ample closet space, ductless mini splits , separate laundry hookups in the basement, tandem parking and common storage for bikes in garage . There is a lovely marble bathroom with pedestal vanity and custom tile shower. The sleek kitchen has a space saving dishwasher and refrigerator. Enjoy morning coffee on your private porch (located on the 2nd floor) or lovely back yard with brick patio. The building has undergone extensive renovation: insulation, Marvin windows, fire protection system with sprinkler system, exterior paint, new dormer and new plumbing / electric . Walk Score of 96 and Bike Score of 94.

Sale Statistics

Sale Overview
Original List Price: $699,000
Final Sale Price: $730,000
Difference: +$31,000 (+4.4%)
Performance Metrics
104.4%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $830
Sale $/sq ft: $867
This property sold for $867 per square foot
Sale Summary

This property sold for 4.4% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1920
Bedrooms
2
Full Bathrooms
1
Living Area
842 sq ft
Total Rooms
4
Stories
3
Entry Level
3

Interior Features

Flooring
Wood
Heating
Heat Pump, Electric, Ductless
Has Heating
Yes
Cooling
Unit Control, Ductless
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator
Laundry Features
In Building
Basement Details
Y
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Porch, Patio, Garden
Patio/Porch Features
Porch, Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Tandem

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Walk/Jog Trails, Bike Path, House of Worship, Public School, T-Station, University
HOA Fee
$240
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,300
Tax Year
2025
Tax Assessed Value
$0
Parcel Number
751592
Zoning
res

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Common Walls
No One Above
Disclosures
Seller is participating in a 1031 exchange at no cost to Buyer, the rear fence encroaches the property line by 8 inches, taxes, sq. ft and condo fees approx. and subject to change

Location

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Neighborhood

37 Banks Street # 3, Somerville MA 02144

Somerville, MA 02144

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $442
Homeowners Insurance $200
HOA Fee $240
PMI $0

Property History

Market Insights

4.2%
Price Range
20
Total Days on Market

Property Timeline

✓
Sold
May 27, 2025
$730,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Apr 9, 2025
$699,000
Original listing
Agent: Robin Repucci Office: Compass

Price & Status History

Date Event Price Change
Apr 9, 2025 New Listing Added $699,000 —

Market Statistics

Days on Market
18 days
Price per Sq Ft
$867

Tax History

Year Taxes Assessment
2025 $5,300 $0

Financial Details

Annual Property Tax
$5,300
Tax Year 2025
HOA Fee
$240
Monthly
Assessed Value
$0

Listing Information

Listing Agent Robin Repucci
Listing Office Compass
Agent MLS ID BB301039
Office MLS ID AN2606

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