240 Mystic Ave # 316, Somerville MA 02145

Somerville, MA 02145 • East Somerville
$700,000
Est. $3,726/month
2
Beds
2
Baths
918
Sq Ft
$763
Price/Sq Ft
0.22
Acres
2022
Year Built
Condominium
Type
215
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73077928

About this home

Rare opportunity to own a newly constructed condominium right in the heart of trendy East Somerville and Assembly Square. An urban oasis: this inspired gem is one of 75 brand new units. Top Floor Corner. Views of Assembly Sq. With over-sized windows throughout, this loft-style home is a true sun palace. The European style kitchen boasts a granite island, high-end stainless appliances, and custom cabinets. Features: on-demand hot water, in-unit laundry, and high-efficiency HVAC with high-quality filtration system. Includes private garage parking for one car. 9' ceilings, elevator, two Courtyards and a Large New Park, Community Room With Lounge and Kitchen, and Bike Storage. Walk Score 97 & MBTA Orange Line is across the street. Easily commutable to Harvard, Kendall, MIT, MGH and Longwood. At your doorstep, Assembly Square has 30+ unique restaurants, 40+ shops, movies and cafes. The areas many upcoming transformative life-science projects are all near by.

Sale Statistics

Sale Overview
Original List Price: $803,250
Final Sale Price: $700,000
Difference: $103,250 (-12.9%)
Performance Metrics
87.1%
List to Sale Ratio
Sold below asking price
215
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $875
Sale $/sq ft: $763
This property sold for $763 per square foot
Sale Summary

This property sold for 12.9% below the original asking price.

At 215 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2022
Bedrooms
2
Full Bathrooms
2
Living Area
918 sq ft
Total Rooms
4
Stories
1
Entry Level
3
Main Level Bedrooms
1

Interior Features

Flooring
Hardwood
Heating
Central
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Oven, Dishwasher, Disposal, Refrigerator
Laundry Features
In Unit
Basement Details
N
Window Features
Insulated Windows
Door Features
Insulated Doors
Accessibility Features
Accessible Entrance

Exterior & Structure

Construction Materials
Frame, Stone
Roof
Rubber
Exterior Features
Courtyard, Garden, Professional Landscaping
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.22 acres
Lot Size
9,999 sq ft
Lot Size Area
0.2200

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Parking Features
Under, Garage Door Opener, Off Street, Deeded, Exclusive Parking
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
220 Volts, 100 Amp Service
Security Features
Intercom
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
HOA Fee
$255
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s), Park, Clubroom, Garden Area
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,999,999
Tax Year
2020
Tax Assessed Value
$9,999,999
Zoning
TBD

Additional Details

Year Built Source
Owner
Year Built Details
Actual,Finished, Never Occupied
Building Name
Eastside Place Condominium
Disclosures
Open houses every Sunday 2-3:30. For more information please check out the website. Currently assessed as open land. New owners will pay their condo percentage of taxes until the city assesses the unit separately. Condo fee is estimated.The attached pictures are from a similar unit in the building.

Location

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Neighborhood

East Somerville

240 Mystic Ave # 316, Somerville MA 02145

Somerville, MA 02145

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 $833,333
Homeowners Insurance $200
HOA Fee $255
PMI $0

Property History

Market Insights

2.8%
Price Range
500
Total Days on Market

Property Timeline

Sold
Oct 13, 2023
$700,000
Property sold
Days on Market: 500
🏠
Listed for Sale
Feb 9, 2023
$719,900
Original listing
Agent: David Lilley Office: RE/MAX Destiny

Price & Status History

Date Event Price Change
Feb 9, 2023 New Listing Added $719,900

Market Statistics

Days on Market
215 days
Price per Sq Ft
$763

Tax History

Year Taxes Assessment
2020 $9,999,999 $9,999,999

Financial Details

Annual Property Tax
$9,999,999
Tax Year 2020
HOA Fee
$255
Monthly
Assessed Value
$9,999,999

Listing Information

Listing Agent David Lilley
Listing Office RE/MAX Destiny
Agent MLS ID BB301030
Office MLS ID BB9927

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