$635,000
SOLD NOV 10, 2017

163 Elm St Unit 3 Somerville, MA 02144

Davis Square Neighborhood
2 Beds
1 Bath
735 Sq Ft
1885 Built

Recently Sold

$864 Per Sq Ft

16% Above List Price

7 Days on Market

About This Home

As of November 2017

Incredible location. Steps to Davis and Porter Squares. Completely renovated penthouse unit in 2008. This two bedroom, one bath condo is elegantly designed to maximize space. Enter the unit with a private staircase, exposed brick and a nook perfect for shoes and jackets. The open living/kitchen/breakfast bar area enjoy vaulted ceilings, a deck off the living room, skylights, and a loft space with possibilities. The master bedroom has a skylight and a deck overlooking bustling Davis Square. Ample closet space, wood floors, granite kitchen with stainless appliances, in-unit laundry, and basement storage. Very unique opportunity to be in such a coveted location.

Last Agent to Sell the Property

Nichole Savenor

Compass Listed on: 09/06/2017

Compass

Last Buyer's Agent

The Residential Group

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,820

Year Built

1885

Lot Details

0

Listing Details

  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1885

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, T-Station
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Bedroom 2: Third Floor
  • Bathroom #1: Third Floor
  • Kitchen: Third Floor
  • Laundry Room: Third Floor
  • Living Room: Third Floor
  • Master Bedroom: Third Floor
  • Master Bedroom Description: Skylight, Flooring - Hardwood, Balcony / Deck
  • Dining Room: Third Floor
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Living Levels: 1
  • Main Lo: K95001
  • Main So: M59500

Exterior Features

  • Exterior: Clapboard, Composite
  • Exterior Unit Features: Deck - Roof, Balcony

Garage/Parking

  • Parking: On Street Permit
  • Parking Spaces: 0

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: 161-163 Elm Street Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Reserve Funds
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 6
  • Unit Building: 3

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: RB

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2020
Sold by
Hill Lloyd M and Verly-Hill Frederique
Bought by
Verly-Hill Frederique and Hill Lloyd M
Current Estimated Value
$767,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,606
Outstanding Balance
$479,612
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$265,650

Purchase Details

Listed on
Sep 6, 2017
Closed on
Nov 10, 2017
Sold by
Fechner Maximilien and Minot Ariana
Bought by
Hill Lloyd M and Verly Frederique N
Seller's Agent
Nichole Savenor
Compass
Buyer's Agent
The Residential Group
William Raveis R.E. & Home Services
List Price
$549,000
Sold Price
$635,000
Premium/Discount to List
$86,000
15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.09%
Original Mortgage
$565,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2012
Closed on
May 9, 2012
Sold by
Vichniac Alexis and Vichniac Avi M
Bought by
Fechner Maximilien and Minot Ariana
Seller's Agent
Catherine Luther
Channing Real Estate
Buyer's Agent
Nichole Savenor
Compass
List Price
$419,000
Sold Price
$404,000
Premium/Discount to List
-$15,000
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$100,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2008
Sold by
161 & 163 Elm Llc
Bought by
Vichniac Alexis and Vichniac Avi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.49%
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Not Resolvable $635,000 --
Warranty Deed $404,000 --
Warranty Deed $385,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $535,606 New Conventional
Previous Owner $565,000 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $303,000 No Value Available
Previous Owner $308,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2017 11/10/17 Sold $635,000 +15.7% $864 / Sq Ft
09/13/2017 09/13/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $549,000 +35.9% $747 / Sq Ft
05/09/2012 05/09/12 Sold $404,000 -3.6% $550 / Sq Ft
03/03/2012 03/03/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $419,000 -- $570 / 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 $7,820 $716,800 $0 $716,800
2024 $7,287 $692,700 $0 $692,700
2023 $7,100 $686,700 $0 $686,700
2022 $6,868 $674,700 $0 $674,700
2021 $6,654 $653,000 $0 $653,000
2020 $6,236 $618,000 $0 $618,000
2019 $6,585 $612,000 $0 $612,000
2018 $6,305 $557,500 $0 $557,500
2017 $5,589 $478,900 $0 $478,900
2016 $4,937 $394,000 $0 $394,000
2015 $4,938 $391,600 $0 $391,600
Source: Public Records

Agents Affiliated with this Home

  • Nichole Savenor

    Seller's Agent in 2017

    Nichole Savenor

    Compass

    (617) 784-3023

    25 Total Sales

    Section Image

  • T

    Buyer's Agent in 2017

    The Residential Group

    William Raveis R.E. & Home Services

    (617) 426-8333

    279 Total Sales

    Section Image
  • Catherine Luther

    Seller's Agent in 2012

    Catherine Luther

    Channing Real Estate

    (617) 686-7648

    29 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72223695

MLS Property Information Network (MLS PIN)

APN: SOME-000025-F000000-000010-000163-3

Massachusetts Middlesex County Somerville 02140 Davis Square

163 Elm St Unit 3, Somerville, MA

This home is located at 163 Elm St Unit 3, Somerville, MA 02144 and is currently priced at $635,000, approximately $863 per square foot. This property was built in 1885. 163 Elm St Unit 3 is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and Cambridge Montessori School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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