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42 Banks St # 3, Somerville MA 02144

Somerville, MA 02144 • Davis Square
$620,255
Est. $3,764/month
2
Beds
1
Baths
1,044
Sq Ft
$594
Price/Sq Ft
1900
Year Built
Condominium
Type
13
Days on Market
Closed Listed Jul 13, 2016 • MLS# 72037234 Copied!

About this home

Bright and Sunny tree-top unit on the third floor of a recently renovated 3 Family Victorian, conveniently located between Davis & Porter squares. This 2 bedroom unit features hardwood floors and cathedral ceilings. The kitchen has granite counters and stainless steel appliances. Open concept kitchen, living room and dining area with direct access to large private deck. Convenient in unit laundry, ample basement storage, one car parking and a shared garden area. Location is ranked 94 on the walk score. Less than .5 mile to Davis Square and Porter Square, .3 mile to Somerville Community Path, .2 mile to Star Market and Porter Square Shopping Center, 1 mile to local colleges Harvard and Tufts University. Open House Thursday 7/14 5:30-7pm and Sunday 7/17 11am-1pm. Any offers to be submitted by 2pm on Tuesday 7/19.

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Public Records

Current Owner

Owner KRAFT KEVIN M
Mailing Address 42 BANKS ST 1, SOMERVILLE, MA, 02144

Land Use

Use Code 1020
Description N/A
Zoning NR
Style Two Family

Tax Information

Assessed Value $742,600
Tax Rate $10.52 per $1,000
Base Tax $7,812
CPA Surcharge 1.5% ($101)
Estimated Annual Tax $7,914

Assessment History

Year Land Building Total Change
FY2025 $0 $741,500 $742,600 —

Sale History

Date Price Book/Page
Jul 23, 2021 $880,000 78311/0044
Jun 24, 2021 $835,000 78090/0475
May 31, 2018 $712,500 71085/0021

Municipal Context: SOMERVILLE

Median Home Value $785,000
Avg SF Tax Bill $6,700
Residential Tax Rate $10.52/1000
CPA Surcharge 1.5%
County Middlesex
Match: geocode_proximity (89.8% confidence) · Data as of Apr 8, 2026

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,044 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $550,000
Final Sale Price: $620,255
Difference: +$70,255 (+12.8%)
Performance Metrics
112.8%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $527
Sale $/sq ft: $594
This property sold for $594 per square foot
Sale Summary

This property sold for 12.8% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 14 similar properties sold within 0.5 miles in the last 90 days

This Property
$594/sq ft
Area Average
$530/sq ft
Difference
+12.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,044 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit, Gas Dryer Hookup, Washer Hookup
Features None

Exterior

Construction None
Architecture None
Roof Shingle
Features Deck - Roof
Pool None
Spa None
Fencing None
Patio/Porch Deck - Roof

Parking

Features Off Street, Assigned
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Dryer, Washer Hookup

Financial

Annual Tax $3,074
Assessed Value $452,600

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Third Floor, In Unit, Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2010
Structure Type: 2/3 Family
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned

Location

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Neighborhood

Davis Square

42 Banks St # 3, Somerville MA 02144

Somerville, MA 02144

Walkability

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Nearby Schools

School District
Somerville School District local
B-
✓ School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
↓ 3.0% below state avg
E

Elementary Schools

9 schools
A
John F Kennedy School
0.2 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
St. Theresa of the Child Jesus School
0.6 mi
Grades PK-08
C+
Arthur D Healey School
1.2 mi | #236 of 352 | Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students Diverse
Rising School Diverse Student Body
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
1.3 mi | #134 of 352 | Score: 45.7
Improved 40 spots from last year
-12.6 below state avg
553 students Diverse
Rising School Diverse Student Body
Grades PK-08
C-
Winter Hill Community School
1.6 mi | #287 of 352 | Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students Diverse
Diverse Student Body
Grades PK-08
C+
East Somerville Community School
1.6 mi | #245 of 352 | Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students Diverse
Grades PK-08
A+
Benjamin G Brown School
0.4 mi | #78 of 824 | Score: 60.5
Dropped 61 spots from last year
+2.3 above state avg
219 students Diverse
Strong Attendance
Grades K-05
Tufts Educational Day Care Center
0.6 mi
Grades PK-K
Capuano Early Childhood Center
1.7 mi
250 students Very Diverse
Diverse Student Body
Grades PK-01
M

Middle Schools

1 school
Next Wave Junior High School
1.2 mi
16 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
F
Full Circle High School
1.2 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
1.2 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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 $256
Homeowners Insurance $200
HOA Fee $172/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

38.8%
Price Range
14
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73503140
Full transaction history available when tracking began
🏡
Currently Listed
Apr 16, 2026
$898,000
MLS #73503140 - Active
View Listing →
Previous Transaction - MLS #72829949
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 24, 2021
$835,000
MLS #72829949
View Listing →
✓
Sold
Aug 23, 2016
$620,255
Property sold
Days on Market: 14
✓
Sold
Aug 23, 2016
$620,255
Property sold
Days on Market: 14
🏠
Listed for Sale
Jul 13, 2016
$550,000
Original listing
Agent: Jaime N. Kidston Office: Coldwell Banker Residential Brokerage - Cambridge - Huron Ave.
🏠
Listed for Sale
Jul 13, 2016
$550,000
Original listing
Agent: Jaime N. Kidston Office: Coldwell Banker Residential Brokerage - Cambridge - Huron Ave.

Price & Status History

Date Event Price Change
Apr 17, 2026 Sold $898,000 —
Jun 24, 2021 Sold $835,000 —
Jul 13, 2016 New Listing Added $550,000 —
Jul 13, 2016 New Listing Added $550,000 —

Market Statistics

Days on Market
13 days
Price per Sq Ft
$594

Tax History

Year Taxes Assessment
2016 $3,074 $452,600

Financial Details

Annual Property Tax
$3,074
Tax Year 2016
HOA Fee
$172
Monthly
Assessed Value
$452,600

Listing Information

Listing Agent Jaime N. Kidston
Listing Office Coldwell Banker Residential Brokerage - Cambridge - Huron Ave.
Agent MLS ID BB803503
Office MLS ID BB9599
Listing Data Updated Aug 24, 2016 10:48 AM 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 Somerville, MA

Real-time market trends and pricing data for this area

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