47 Cedar Street # 1, Somerville MA 02143

Somerville, MA 02143
$487,000
Est. $2,592/month
2
Beds
1
Baths
696
Sq Ft
$700
Price/Sq Ft
1960
Year Built
Condominium
Type
62
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73159105

About this home

Location! Location! Location! Around the corner from Porter Sq with its supermarket, specialty shops, restaurants and Red Line T station & within an easy reach of Davis Sq, 47 Cedar Street packs quite a punch. With its TWO bedrooms, an open kitchen/living space and a deeded parking space, it is incredibly comfortable and convenient. The Somerville Community Path, a haven for runners, bikers, and anyone who wants to enjoy the outdoors, is also very close. Renovated in 2005, the unit has granite counters & stainless steel appliances in the kitchen and pretty bathroom tiles. Since then, the owner has taken special care to maintain the unit and pass along a property that is tidy and fresh. In 2020 he replaced the floor with a new vinyl plank material in a warm oak style and he recently repainted every room making it feel new again. It is part of a 6 unit, professionally managed, pet friendly building that has also been well cared for. Come and take a look. You will be glad you did!

Sale Statistics

Sale Overview
Original List Price: $548,000
Final Sale Price: $487,000
Difference: $61,000 (-11.1%)
Performance Metrics
88.9%
List to Sale Ratio
Sold below asking price
62
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $787
Sale $/sq ft: $700
This property sold for $700 per square foot
Sale Summary

This property sold for 11.1% below the original asking price.

The property spent 62 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1960
Bedrooms
2
Full Bathrooms
1
Living Area
696 sq ft
Total Rooms
4
Stories
1

Interior Features

Flooring
Tile, Vinyl
Heating
Electric Baseboard, Electric
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Laundry Features
Off-Site
Basement Details
N

Exterior & Structure

Roof
Rubber
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Laundromat, Bike Path, T-Station
HOA Fee
$295
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,774
Tax Year
2023
Tax Assessed Value
$461,700
Parcel Number
4659187
Zoning
BAS

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
47 Cedar Street Condominium Trust
Disclosures
After residential exemption, property taxes are only $863.36. Unit % interest includes 2.97% for the deeded parking space. Pets permitted with trustee approval, limit of two per unit.

Location

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Neighborhood

47 Cedar Street # 1, Somerville MA 02143

Somerville, MA 02143

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 $398
Homeowners Insurance $200
HOA Fee $295
PMI $0

Property History

Market Insights

2.4%
Price Range
63
Total Days on Market

Property Timeline

Sold
Dec 13, 2023
$487,000
Property sold
Days on Market: 63
🏠
Listed for Sale
Sep 13, 2023
$499,000
Original listing
Agent: The May Group Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Sep 13, 2023 New Listing Added $499,000

Market Statistics

Days on Market
62 days
Price per Sq Ft
$700

Tax History

Year Taxes Assessment
2023 $4,774 $461,700

Financial Details

Annual Property Tax
$4,774
Tax Year 2023
HOA Fee
$295
Monthly
Assessed Value
$461,700

Listing Information

Listing Agent The May Group
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TEAM0215
Office MLS ID AN2064

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