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71 Bow # 406, Somerville MA 02143

Somerville, MA 02143 • Union Square
$899,900
Est. $88,685/month
2
Beds
1
Baths
1,014
Sq Ft
$887
Price/Sq Ft
2024
Year Built
243
Days on Market
Closed Listed May 17, 2024 • MLS# 73239983 Copied!

About this home

***$15,000 closing credit AND 1 YEAR of condo fees paid!!!***NOW READY FOR OCCUPANCY in the heart of Union Square this South facing 2 bedroom 1 bath corner unit is flooded with sunlight and includes an OFF STREET PARKING SPOT! Luxury BRAND NEW construction home features White oak flooring, gorgeous Schuco windows, recessed lighting, central air, ERV system for constant fresh air and laundry in unit all in an elevator building with SPECTACULAR oversized roof deck and easy access ride in covered bike parking. Two tone Porcelanosa kitchen with Induction cook top and Extra large center island for entertaining/work space/seating. Wide living room with plenty of space for designated dining area. Generous entryway with a deep coat closet and 2 bedrooms both with double closets. Designer bathroom with Grohe fixtures and floating vanity. All in award winning Union Square near the T, Bow Market, shopping and dining & easy access to Kendall, Harvard, MIT and more!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
2
Full Bathrooms
1
Living Area
1,014 sq ft
Total Rooms
4
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $1,035,000
Final Sale Price: $899,900
Difference: $135,100 (-13.1%)
Performance Metrics
86.9%
List to Sale Ratio
Sold below asking price
243
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $1,021
Sale $/sq ft: $887
This property sold for $887 per square foot
Sale Summary

This property sold for 13.1% below the original asking price.

At 243 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$887/sq ft
Area Average
$519/sq ft
Difference
+70.8%

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 2024
Living Area 1,014 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

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

Exterior

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

Parking

Has Garage Yes
Features Under, Driveway, Paved
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $999,999
Assessed Value $999,999

Interior Features

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

Construction & Materials

Year Built: 2024
Structure Type: Mid-Rise
Exterior Materials:
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Cooling: Central Air
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

Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Driveway, Paved

Location

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Neighborhood

Union Square

71 Bow # 406, Somerville MA 02143

Somerville, MA 02143

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 $83,333
Homeowners Insurance $200
HOA Fee $601/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

244
Total Days on Market

Property Timeline

Sold
Feb 28, 2025
$899,900
Property sold
Days on Market: 244
🏠
Listed for Sale
May 17, 2024
$899,900
Original listing
Agent: Charlesgate New Development Team Office: Charlesgate Realty Group, llc

Price & Status History

Date Event Price Change
May 17, 2024 New Listing Added $899,900

Market Statistics

Days on Market
243 days
Price per Sq Ft
$887

Tax History

Year Taxes Assessment
2024 $999,999 $999,999

Financial Details

Annual Property Tax
$999,999
Tax Year 2024
HOA Fee
$601
Monthly
Assessed Value
$999,999

Listing Information

Listing Agent Charlesgate New Development Team
Listing Office Charlesgate Realty Group, llc
Agent MLS ID TM359022
Office MLS ID NB1520
Listing Data Updated Mar 2, 2025 5:48 PM EST
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

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