NOT LISTED FOR SALE

16 Somerset Place Wilmington, MA 01887

North Wilmington Neighborhood

Estimated Value: $845,000 - $922,000

3 Beds
2 Baths
1,766 Sq Ft
$494/Sq Ft Est. Value

Last Sold June 06, 2013

Last sale price $395,000 $224 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $5,376/month

94 Days on Market

About This Home

As of June 2013

Welcome to True Value! This 1996 young, 3bed/2bath Colonial is set on a green, wooded, oversized lot at the end of a secluded cul-de-sac. Privacy that you've always wanted plus close to the commuter rail, shopping & more! 2 Car Garage too! This is a short sale, so you get the advantage of all the upgrades these owners have put in: 2 zone central air, hardwood floors thruout, finished walk-out basement for family or guest room with storage space & room for another bath. Just move in!

Last Agent to Sell the Property

Kathleen Alexander

Keller Williams Realty Boston-Metro | Back Bay Listed on: 06/19/2012

Keller Williams Realty Boston-Metro | Back Bay

Last Buyer's Agent

Kathy Cyrier

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,997

Year Built

1996

Lot Details

0

Listing Details

  • Lot Description: Corner, Wooded, Paved Drive, Gentle Slope
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 1996

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 7
  • Amenities: Public Transportation, Shopping, Highway Access, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available
  • Basement: Full, Finished, Walk Out, Interior Access, Concrete Floor
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Flooring - Hardwood, Closet - Walk-in
  • Dining Room: First Floor

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Porch, Deck, Screens, Satellite Dish
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Attached, Garage Door Opener
  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Cooling Zones: 2
  • Heat Zones: 3
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2012
Closed on
Jun 6, 2013
Sold by
Versteeg John C and Versteeg Kathleen M
Bought by
Petrovic Vinko
Seller's Agent
Kathleen Alexander
Keller Williams Realty Boston-Metro | Back Bay
Buyer's Agent
Kathy Cyrier
William Raveis R.E. & Home Services
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$872,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,560
Avg. Annual Appreciation
6.63%
Original Mortgage
$199,750
Outstanding Balance
$141,710
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$730,850

Purchase Details

Closed on
Jul 28, 2005
Sold by
Madej Waldemar A
Bought by
Versteeg John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1996
Sold by
Crystal Rt
Bought by
Madej Waldemar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Petrovic Vinko $395,000 --
Versteeg John C $475,000 --
Madej Waldemar $232,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrovic Vinko $199,750
Previous Owner Versteeg John C $380,000
Previous Owner Madej Waldemar $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2013 06/06/13 Sold $395,000 0.0% $224 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
06/19/2012 06/19/12 For Sale $395,000 -- $224 / 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 $8,997 $785,800 $344,900 $440,900
2024 $8,829 $772,400 $344,900 $427,500
2023 $8,003 $670,300 $292,600 $377,700
2022 $7,525 $577,500 $243,800 $333,700
2021 $7,501 $542,000 $221,600 $320,400
2020 $7,188 $529,300 $221,600 $307,700
2019 $7,054 $513,000 $216,800 $296,200
2018 $6,898 $478,700 $206,400 $272,300
2017 $6,763 $468,000 $206,400 $261,600
2016 $6,367 $435,200 $196,600 $238,600
2015 $6,139 $427,200 $196,600 $230,600
2014 $5,695 $399,900 $187,200 $212,700
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Alexander

    Seller's Agent in 2013

    Kathleen Alexander

    Keller Williams Realty Boston-Metro | Back Bay

    (617) 991-8218

    6 Total Sales

    Kathleen Alexander
    Section Image
  • Kathy Cyrier

    Buyer's Agent in 2013

    Kathy Cyrier

    William Raveis R.E. & Home Services

    (978) 852-5811

    59 Total Sales

    Kathy Cyrier
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71399276

MLS Property Information Network (MLS PIN)

APN: WILM-000078-000000-000000-000054

Massachusetts Middlesex County Wilmington 01887 North Wilmington

16 Somerset Place, Wilmington, MA

This home is located at 16 Somerset Place, Wilmington, MA 01887 since 19 June 2012 and is currently estimated at $872,560, approximately $494 per square foot. This property was built in 1996. 16 Somerset Place is a home located in Middlesex County with nearby schools including Wilmington Middle School, Wilmington High School, and Abundant Life Christian School and Childcare.

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