$480,500
SOLD JUN 2, 2016

1 Lexington Ave Unit 3 Somerville, MA 02144

1 Bed
1 Bath
1,089 Sq Ft
1900 Built

Recently Sold

$441 Per Sq Ft

4% Below List Price

7 Days on Market

About This Home

As of June 2016

Spacious light-filled treetop one bedroom with a study! The beautiful fir floors have just been refinished and everything is freshly painted. The renovated eat-in kitchen has a breakfast bar/peninsula and bamboo cabinets with high-end stainless steel appliances. The kitchen has a pantry and a door leading to a private deck. Large fenced-in common yard. Storage and private laundry in the basement. Convenient to both the Porter Sq and Davis Sq Red Line MBTA as well as the future Lowell Station Green Line, scheduled for completion in 2020. Steps away from the Community Bike Path. Enjoy the hot Somerville entertainment culture of “Honk!”, “ArtBeat”, “PorchFest”, and the “Somerville Dog Festival,” to name a few. Davis Square is a great place to live with fantastic restaurants, shops, live music venues, and a new grocery store coming soon! Offers, if any, are due Tuesday, April 19th at 2pm.

Last Agent to Sell the Property

Lisa Drapkin

Compass Listed on: 04/13/2016

Compass

Last Buyer's Agent

Mark Ohanian

Compass License #449589582

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,591

Year Built

1900

Lot Details

0

Listing Details

  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Has Basement: Yes
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers, 60 Amps/Less
  • Energy: Insulated Windows
  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available
  • Bathroom #1: Third Floor
  • Kitchen: Third Floor
  • Laundry Room: Basement
  • Living Room: Third Floor
  • Master Bedroom: Third Floor
  • Master Bedroom Description: Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
  • Oth1 Room Name: Study
  • Oth1 Dscrp: Flooring - Hardwood
  • Oth1 Level: Third Floor
  • No Living Levels: 1

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Clapboard, Shingles, Wood
  • Exterior Unit Features: Porch, Fenced Yard

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Heating: Hot Water Baseboard, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: 1 Lexington Avenue Condominium
  • Association Fee Includes: Master Insurance, Exterior Maintenance, Landscaping, Reserve Funds
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 3
  • Unit Building: 3

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 2, 2016
Sold by
Pregibon Daniel and Suh Su K
Bought by
Gentile Daniel
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Mark Ohanian
Compass
List Price
$498,000
Sold Price
$480,500
Premium/Discount to List
-$17,500
-3.51%
Current Estimated Value
$798,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,091
Avg. Annual Appreciation
5.64%
Original Mortgage
$360,375
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2013
Closed on
Aug 30, 2013
Sold by
Mazzaglia Diana R
Bought by
Pregibon Daniel and Suh Su K
Seller's Agent
Irene Bremis
LAER Realty Partners
Buyer's Agent
William Senne
Senne
List Price
$359,900
Sold Price
$385,000
Premium/Discount to List
$25,100
6.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$277,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $480,500 --
Not Resolvable $385,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 Adjustable Rate Mortgage/ARM
Closed $20,000 Stand Alone Refi Refinance Of Original Loan
Closed $360,375 New Conventional
Previous Owner $277,000 New Conventional
Previous Owner $203,500 No Value Available
Previous Owner $219,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2016 06/02/16 Sold $480,500 -3.5% $441 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $498,000 +29.4% $457 / Sq Ft
08/30/2013 08/30/13 Sold $385,000 0.0% $324 / Sq Ft
07/17/2013 07/17/13 Off Market $385,000 -- --
07/01/2013 07/01/13 For Sale $359,900 -- $303 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,591 $604,100 $0 $604,100
2024 $6,226 $591,800 $0 $591,800
2023 $6,039 $584,000 $0 $584,000
2022 $5,719 $561,800 $0 $561,800
2021 $5,599 $549,500 $0 $549,500
2020 $5,633 $558,300 $0 $558,300
2019 $5,819 $540,800 $0 $540,800
2018 $6,025 $532,700 $0 $532,700
2017 $5,527 $473,600 $0 $473,600
2016 $5,283 $421,600 $0 $421,600
2015 $4,831 $383,100 $0 $383,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71987544

MLS Property Information Network (MLS PIN)

APN: SOME-000028-I000000-000024-000003