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40 Fay Street # 501, Boston MA 02118

Boston, MA 02118 • South End
$565,000
1
Beds
1
Baths
772
Sq Ft
$732
Price/Sq Ft
2006
Year Built
34
Days on Market
Closed Listed Jun 22, 2016 • MLS# 72027110 Copied! • Updated Aug 30, 2016

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $565,000
Difference: $34,000 (-5.7%)
Performance Metrics
94.3%
List to Sale Ratio
Sold below asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $776
Sale $/sq ft: $732
This property sold for $732 per square foot
Sale Summary

This property sold for 5.7% below the original asking price.

The property spent 34 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
$732/sq ft
Area Average
$417/sq ft
Difference
+75.6%

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

About this home

Luxury loft living in the heart of South End’s vibrant SOWA district! Located on an upper floor in a beautifully designed, 2006 elevator building, this generously sized corner unit features westerly Back Bay views, open concept living, 10’ ceilings, polished concrete floors, central AC, and a designer kitchen with gas cooking, custom cabinets, granite island, and stainless Bosch and Fisher & Paykel appliances. The large full bath has a deep soaking tub, subway tile and a stacking Bosch washer and dryer. Gateway Terrace is a professionally managed development, pet friendly and has a private common courtyard. It is ideally located just a few blocks from Whole Foods, SOWA galleries, and many South End boutique shops and notable restaurants.

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Recently Sold Nearby

Property History

Market Insights

16.8%
Price Range
35
Total Days on Market

Property Timeline

Current Active Listing - MLS #73467867
Full transaction history available when tracking began
🏡
Currently Listed
Jan 13, 2026
$679,000
MLS #73467867 - Active
Sold
Aug 30, 2016
$565,000
Property sold
Days on Market: 35
🏠
Listed for Sale
Jun 22, 2016
$599,000
Original listing
Agent: Stephen Sweigart Office: Hammond Residential

Tax History

Year Taxes Assessment
2016 $5,830 $530,000

Financial Details

Annual Property Tax
$5,830
Tax Year 2016
HOA Fee
$414
Monthly
Assessed Value
$530,000

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2006
Living Area 772 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 2

Interior

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

Exterior

Construction Brick
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Oven
Annual Tax $5,830
Assessed Value $530,000

HOA & Community

HOA Fee $414 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Air Conditioning
Amenities Elevator(s)
Optional Fee Includes None
Owner-Occupied Units 101
Pets Yes
Seller Disclosures 2% Of Resale Price Due To Bra When Sold. Heat/ac Produced By Building. Unit Fan Circulates Air.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building H-501
Sq Ft Source Other
Sq Ft Disclosures Movable screens currently separate bedroom from living area.
Documents Master Deed, Unit Deed, Rules & Regs, Master Plan, Management Association Bylaws, Association Financial Statements (6)
County Suffolk
Total market time (incl. prior listings) 35 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2006
Bedrooms
1
Full Bathrooms
1
Living Area
772 sq ft
Total Rooms
2
Stories
1
Entry Level
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

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

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air
Cooling: Central Air
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

Parking Features:
School District
Boston School District local
C-
🎓 Where Graduates Go Class of 2021
52% attend college
38% 4-Year 14% 2-Year 7% Out of State 7% Working
School Safety 2024-25
3.7% Above Average
3.2% Suspensions 0.3% In-School 0.5% Emergency
1.8% below state avg
E

Elementary Schools

10 schools
F
Blackstone Elementary School
0.4 mi | #809 of 824 | Score: 26.3
Improved 12 spots from last year
-31.9 below state avg
582 students Moderate
Grades PK-06
D
Melvin H. King South End Academy
0.5 mi | #24 of 25 | Score: 20.2
Improved 363 spots from last year
-38.1 below state avg
125 students Diverse
Rising School Diverse Student Body
Grades PK-12
F
Condon K-8 School
0.7 mi | #345 of 352 | Score: 24.6
Improved 13 spots from last year
-33.6 below state avg
518 students Diverse
Diverse Student Body
Grades PK-08
C
Hurley K-8 School
0.7 mi | #258 of 352 | Score: 35.8
Dropped 23 spots from last year
-22.4 below state avg
335 students Moderate
Grades PK-08
B
Excel Academy Charter School
0.8 mi | #155 of 346 | Score: 54.9
Improved 160 spots from last year
-3.3 below state avg
1,379 students Moderate
High Graduation Rate Rising School
Grades 05-12
St. Peter Academy School
0.9 mi
Grades PK-08
The Learning Project
0.9 mi
Grades K-06
Park Street School
1.0 mi
Grades K-07
Kingsley Montessori School
1.0 mi
Grades PK-06
Advent School
1.1 mi
Grades K-06
M

Middle Schools

10 schools
Middle School Academy
1.0 mi
F
Higginson/Lewis K-8 School
1.9 mi | #349 of 352 | Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students Diverse
Grades 03-08
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.3 mi | #4 of 16 | Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students Diverse
Rising School College Ready Curriculum
Grades 05-08
Nativity Prep School
2.4 mi
Grades 05-08
Dearborn Middle School
2.6 mi
Mother Caroline Academy
2.7 mi
Grades 05-08
Epiphany School
3.5 mi
Grades 05-08
C
Ohrenberger School
7.1 mi | #265 of 352 | Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students Diverse
Rising School Diverse Student Body
Grades 03-08
UP Academy
1.0 mi
Timilty Middle
1.6 mi
H

High Schools

10 schools
Cathedral High School
0.3 mi
9 sports • 430 athletes
Grades 07-12
C
Quincy Upper School
0.3 mi | #268 of 346 | Score: 44.6
Improved 4 spots from last year
-13.6 below state avg
557 students Very Diverse
12 sports • 208 athletes
High Graduation Rate Diverse Student Body
Grades 06-12
Newman School
1.1 mi
Grades 07-12
B
Dearborn STEM Academy
1.4 mi | #13 of 25 | Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students Diverse
10 sports • 242 athletes
Early College Program Rising School
Grades 07-12
A-
O'Bryant School of Math & Science
1.6 mi | #90 of 346 | Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students Very Diverse
High Graduation Rate Rising School College Ready Curriculum Diverse Student Body
Grades 07-12
A+
Boston Latin School
1.9 mi | #19 of 346 | Score: 73.3
Improved 61 spots from last year
+15.1 above state avg
2,424 students Very Diverse
18 sports • 2,006 athletes
Strong AP Program High Graduation Rate Rising School Strong Athletics
Grades 07-12
C
Ruth Batson Academy
2.1 mi | #19 of 25 | Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students Diverse
8 sports • 128 athletes
Early College Program Rising School
Grades 07-12
A+
Boston Latin Academy
2.1 mi | #2 of 25 | Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students Very Diverse
17 sports • 1,298 athletes
High Graduation Rate Rising School Strong Athletics Diverse Student Body
Grades 07-12
D
Charlestown High School
2.6 mi | #322 of 346 | Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students Diverse
11 sports • 488 athletes
Early College Program Rising School
Grades 07-12
Meridian Academy
2.9 mi
Grades 06-09
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Location

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Neighborhood

South End

40 Fay Street # 501, Boston MA 02118

Boston, MA 02118

Listing Information

Agent MLS ID CT007223
Office MLS ID BB9602
Listing Data Updated Aug 30, 2016 12:56 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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40 Fay Street # 501, Boston MA 02118 - Photo 1 40 Fay Street # 501, Boston MA 02118 - Photo 2 40 Fay Street # 501, Boston MA 02118 - Photo 3 40 Fay Street # 501, Boston MA 02118 - Photo 4 40 Fay Street # 501, Boston MA 02118 - Photo 5 40 Fay Street # 501, Boston MA 02118 - Photo 6 40 Fay Street # 501, Boston MA 02118 - Photo 7 40 Fay Street # 501, Boston MA 02118 - Photo 8 40 Fay Street # 501, Boston MA 02118 - Photo 9
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