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296 Summer Street # 2, Somerville MA 02144

Somerville, MA 02144 • Davis Square
$643,000
Est. $3,869/month
1
Beds
1
Baths
823
Sq Ft
$781
Price/Sq Ft
1920
Year Built
14
Days on Market
Closed Listed Sep 17, 2024 • MLS# 73290998 Copied!

About this home

Opportunity Awaits: Gorgeous one-bedroom condo in Porter Square! This second-floor unit boasts beautiful hardwood floors, high ceilings, original millwork, and abundant natural light. Enjoy your morning coffee on the exclusive front porch and dine al fresco on the back porch adjacent to the kitchen. The open-concept living area flows into a versatile dining room that can also serve as an office. Both front rooms feature original ceiling medallions with updated linen drum fixtures. The large eat-in kitchen, perfect for a bistro set, includes recessed lighting, cherry cabinetry, and granite countertops. The spacious rear bedroom offers a custom walk-in closet and built-in shelving. Conveniently located near Porter and Davis Squares, with a variety of restaurants, shops, and transportation options, this unit offers the best of urban living!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
1
Full Bathrooms
1
Living Area
823 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $625,000
Final Sale Price: $643,000
Difference: +$18,000 (+2.9%)
Performance Metrics
102.9%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $759
Sale $/sq ft: $781
This property sold for $781 per square foot
Sale Summary

This property sold for 2.9% above the original asking price, indicating strong buyer demand.

With only 14 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
$781/sq ft
Area Average
$512/sq ft
Difference
+52.7%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 823 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Steam, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry In Basement, In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Other
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features On Street

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $2,037
Assessed Value $577,600

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2003
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle, Other
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Steam, Natural Gas
Heating Zones: 1
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: On Street

Location

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Neighborhood

Davis Square

296 Summer Street # 2, Somerville MA 02144

Somerville, MA 02144

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 $170
Homeowners Insurance $200
HOA Fee $248/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

2.8%
Price Range
15
Total Days on Market

Property Timeline

Sold
Oct 28, 2024
$643,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Sep 17, 2024
$625,000
Original listing
Agent: Denman Drapkin Group Office: Compass

Price & Status History

Date Event Price Change
Sep 17, 2024 New Listing Added $625,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$781

Tax History

Year Taxes Assessment
2024 $2,037 $577,600

Financial Details

Annual Property Tax
$2,037
Tax Year 2024
HOA Fee
$248
Monthly
Assessed Value
$577,600

Listing Information

Listing Office Compass
Agent MLS ID TM328243
Office MLS ID AN2606
Listing Data Updated Oct 28, 2024 9:46 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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Market Analytics for Somerville, MA

Real-time market trends and pricing data for this area

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