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40 Fay St # H604, Boston MA 02118

Boston, MA 02118 • South End
$800,000
Est. $5,845/month
1
Beds
1
Baths
938
Sq Ft
$853
Price/Sq Ft
0.02
Acres
2006
Year Built
88
Days on Market
Closed Listed Nov 1, 2024 • MLS# 73308656 Copied!

About this home

Great opportunity in the South End - ideally situated between SOWA and Ink Block. Action-packed location steps to exceptional shopping and dining, Peters Park, and Whole Foods. This one-bedroom plus den offers a cool factor with nine oversized windows and 10-foot ceilings. Concrete floors plus new light fixtures complete the lofty style of this home. The open-concept kitchen provides a generously sized peninsula with room to accommodate four bar stools creating an ideal space for entertaining. Perhaps the crown jewel of this condo - the OVERSIZED living room with tons of space for formal dining and living. The bonus den creates the ideal space for a home office or guest nook with a treason window to allow light. Spacious bedroom with en-suite bathroom and a full wall of built-in storage. Gateway Terrace Condominium is professionally managed and includes access to a common courtyard with a grilling station. Parking space #34 is available for purchase for an additional $125,000.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2006
Bedrooms
1
Full Bathrooms
1
Living Area
938 sq ft
Total Rooms
2
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $749,000
Final Sale Price: $800,000
Difference: +$51,000 (+6.8%)
Performance Metrics
106.8%
List to Sale Ratio
Sold above asking price
88
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $799
Sale $/sq ft: $853
This property sold for $853 per square foot
Sale Summary

This property sold for 6.8% above the original asking price, indicating strong buyer demand.

The property spent 88 days on market before selling.

Nearby Sales Comparison

Based on 50 similar properties sold within 0.5 miles in the last 90 days

This Property
$853/sq ft
Area Average
$688/sq ft
Difference
+24.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2006
Living Area 938 sq ft
Lot Size 0.02 acres
Bedrooms 1
Full Baths 1
Total Rooms 2

Interior

Heating Forced Air
Cooling Central Air, Heat Pump
Flooring Concrete
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Available For Purchase
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,633
Assessed Value $792,000

Interior Features

Flooring: Concrete
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security:

Construction & Materials

Year Built: 2006
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air
Heating Zones: 2
Cooling: Central Air, Heat Pump
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Available for Purchase

Location

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Neighborhood

South End

40 Fay St # H604, Boston MA 02118

Boston, MA 02118

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $719
Homeowners Insurance $200
HOA Fee $880/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

6.4%
Price Range
81
Total Days on Market

Property Timeline

Sold
Mar 21, 2025
$800,000
Property sold
Days on Market: 81
🏠
Listed for Sale
Nov 1, 2024
$749,000
Original listing
Agent: Brett DeRocker Office: First Boston Realty International

Price & Status History

Date Event Price Change
Nov 1, 2024 New Listing Added $749,000

Market Statistics

Days on Market
88 days
Price per Sq Ft
$853

Tax History

Year Taxes Assessment
2024 $8,633 $792,000

Financial Details

Annual Property Tax
$8,633
Tax Year 2024
HOA Fee
$880
Monthly
Assessed Value
$792,000

Listing Information

Listing Agent Brett DeRocker
Listing Office First Boston Realty International
Agent MLS ID CT003391
Office MLS ID NB1863
Listing Data Updated Mar 21, 2025 7:42 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Boston, MA

Real-time market trends and pricing data for this area

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