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85 Electric Ave # 85, Somerville MA 02144

Somerville, MA 02144 • Tufts University
$1,500,000
Est. $9,139/month
5
Beds
4
Baths
2,338
Sq Ft
$642
Price/Sq Ft
1886
Year Built
54
Days on Market
Closed Listed Jan 31, 2024 • MLS# 73197835 Copied!

About this home

This new luxury condo, a blend of true classic and contemporary design, is not your ordinary new construction/gut renovation. Tucked between Teele square and Tufts University in a sought-after yet quiet street, there is easy access to Davis Square and the red line. No expenses were spared in constructing this extraordinary condo, featuring great curb appeal, open layout, 9-foot ceilings, finest craftsmanship, and high-end finishing. With 5 bedrooms, 4 full baths, and 2 master suites, this top-level unit offers ample space, privacy and natural light. The Chef's kitchen, complete with Thermador appliances, a wine cooler, and an oversized center island, is perfect for entertainment. Enjoy family time in front of the dazzling electrical fireplace in the living area. Indulge in the peaceful surroundings on the gorgeous deck and patio. Relax in the soaking bath and massive master suite with vaulted ceiling. NEST thermostats & doorbell, Yale key lock. One garage space and off-street parking.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1886
Bedrooms
5
Full Bathrooms
4
Living Area
2,338 sq ft
Total Rooms
8
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $1,549,000
Final Sale Price: $1,500,000
Difference: $49,000 (-3.2%)
Performance Metrics
96.8%
List to Sale Ratio
Sold below asking price
54
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $663
Sale $/sq ft: $642
This property sold for $642 per square foot
Sale Summary

This property sold for 3.2% below the original asking price.

The property spent 54 days on market before selling.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$642/sq ft
Area Average
$426/sq ft
Difference
+50.8%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1886
Living Area 2,338 sq ft
Bedrooms 5
Full Baths 4
Total Rooms 8

Interior

Heating Central, Forced Air, Natural Gas, Unit Control
Cooling Central Air, Unit Control
Flooring Tile, Hardwood, Flooring - Stone/ceramic Tile
Appliances Range, Microwave, Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Energy Star Qualified Washer
Fireplace Family Room, Living Room
Fireplaces 1
Basement N
Laundry Flooring - Hardwood, Second Floor, In Unit
Features Bathroom - Double Vanity/sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Countertops - Stone/granite/solid, Bathroom

Exterior

Construction Frame
Architecture None
Roof Slate
Features Deck - Composite, Patio, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch Deck - Composite, Patio

Parking

Garage Spaces 2
Has Garage Yes
Features Detached, Off Street, Assigned
Total Spaces 3

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $13,607
Assessed Value $1,318,400

Interior Features

Flooring: Tile, Hardwood, Flooring - Stone/Ceramic Tile
Appliances: Range, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer
Interior Features: Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Countertops - Stone/Granite/Solid, Bathroom
Windows: Insulated Windows
Basement: N
Laundry: Flooring - Hardwood, Second Floor, In Unit
Security:

Construction & Materials

Year Built: 1886
Effective Year (Renovated): 2024
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas, Unit Control
Heating Zones: 2
Cooling: Central Air, Unit Control
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Patio, Fenced Yard
Patio & Porch: Deck - Composite, Patio
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 3
Parking Features: Detached, Off Street, Assigned

Special Features

Fireplaces: 1
Fireplace Type: Family Room, Living Room
Community Amenities: Public Transportation, Shopping, Park, Public School, T-Station, University

Location

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Neighborhood

Tufts University

85 Electric Ave # 85, 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 $1,134
Homeowners Insurance $200
HOA Fee $220/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

3.2%
Price Range
241
Total Days on Market

Property Timeline

Sold
May 6, 2024
$1,500,000
Property sold
Days on Market: 241
🏠
Listed for Sale
Jan 31, 2024
$1,549,000
Original listing
Agent: Sharon Tang Office: U3 Realty, LLC

Price & Status History

Date Event Price Change
Jan 31, 2024 New Listing Added $1,549,000

Market Statistics

Days on Market
54 days
Price per Sq Ft
$642

Tax History

Year Taxes Assessment
2023 $13,607 $1,318,400

Financial Details

Annual Property Tax
$13,607
Tax Year 2023
HOA Fee
$220
Monthly
Assessed Value
$1,318,400

Listing Information

Listing Agent Sharon Tang
Listing Office U3 Realty, LLC
Agent MLS ID CT005873
Office MLS ID AN3022
Listing Data Updated May 6, 2024 11:54 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

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