NOT LISTED FOR SALE

18 Laurel Terrace Unit 2 Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $788,000 - $854,000

2 Beds
1 Bath
1,157 Sq Ft
1920 Built

Last Sold May 12, 2015

Last sale price $545,000 $471 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,124/month

7 Days on Market

About This Home

As of May 2015

Here is your chance to own a piece of the ‘Ville just a few blocks to vibrant Union Square. Tucked at the end of a cul-de-sac is this Light filled top floor 2 Bedroom Condo in an Attractive 2 Family with nice curb appeal. Sip your tea or watch the sunset on your private front porch. Longing for shared gardening space, and grassy yard? Here You Go! Move right into this cheerful home, with lovely circular flow. Featuring Eat-in kitchen, enclosed back porch that doubles as a laundry room/storage, formal dining room, comfortable living room & 2 Bedrooms. Need storage…no problem - deeded attic space & ½ basement! Stock up at Market Basket down the street, walk to Farmer's Market in Union Sq or Porter Sq “T”, close to Harvard & MIT too. Live the Somerville Lifestyle and be a part of one of the Hippest Cities in the USA. **5 Offers Received on due date of 3/30/15**

Last Listed By

Terrie Hayden

RE/MAX Destiny License #449507438 Listed on: 03/25/2015

RE/MAX Destiny

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,047

Year Built

1920

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, T-Station
  • Electric: 100 Amps
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Hardwood
  • Insulation: Blown In
  • Interior Amenities: Cable Available, Walk-up Attic
  • Bedroom 2: Second Floor, 15X10
  • Bathroom #1: Second Floor
  • Kitchen: Second Floor, 12X12
  • Laundry Room: Second Floor, 14X5
  • Living Room: Second Floor, 17X11
  • Master Bedroom: Second Floor, 12X12
  • Master Bedroom Description: Closet, Flooring - Hardwood
  • Dining Room: Second Floor, 14X11

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Exterior Unit Features: Porch, Porch - Enclosed, Fenced Yard, Garden Area, Gutters

Garage/Parking

  • Parking: Off-Street, Deeded
  • Parking Spaces: 1

Utilities

  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Management: Owner Association
  • Pets Allowed: Yes
  • No Units: 2
  • Unit Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2015
Closed on
May 12, 2015
Sold by
Kathan Scott N and Kathan Emily M
Bought by
Heyman John
Seller's Agent
Terrie Hayden
RE/MAX Destiny
Buyer's Agent
Robin Repucci
Compass
List Price
$489,000
Sold Price
$545,000
Premium/Discount to List
$56,000
11.45%
Total Days on Market
7
Current Estimated Value
$814,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,486
Avg. Annual Appreciation
3.82%
Original Mortgage
$417,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2002
Sold by
Harris Jan and Harris Dorine D
Bought by
Kathan Scott N and Kathan Emily M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

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
Heyman John $545,000 --
Kathan Scott N $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heyman John $275,000
Closed Heyman John $417,000
Previous Owner Ramakrishna Asha D $272,000
Previous Owner Kathan Scott N $264,000
Previous Owner Harris Jan $219,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2015 05/12/15 Sold $545,000 +11.5% $471 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $489,000 -- $423 / 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 $7,047 $645,900 $0 $645,900
2024 $6,579 $625,400 $0 $625,400
2023 $6,408 $619,700 $0 $619,700
2022 $5,926 $582,100 $0 $582,100
2021 $5,688 $558,200 $0 $558,200
2020 $5,529 $548,000 $0 $548,000
2019 $5,406 $502,400 $0 $502,400
2018 $5,896 $521,300 $0 $521,300
2017 $5,724 $490,500 $0 $490,500
2016 $4,978 $397,300 $0 $397,300
2015 -- $339,100 $0 $339,100
Source: Public Records

Agents Affiliated with this Home

  • Terrie Hayden

    Seller's Agent in 2015

    Terrie Hayden

    RE/MAX

    (781) 209-8443

    3 Total Sales

    Terrie Hayden
    Section Image
  • Robin Repucci

    Buyer's Agent in 2015

    Robin Repucci

    Compass

    (617) 388-3312

    23 Total Sales

    Robin Repucci
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71806597

MLS Property Information Network (MLS PIN)

APN: SOME-000052-C000000-000032-000002

Massachusetts Middlesex County Somerville 02143 Spring Hill

18 Laurel Terrace Unit 2, Somerville, MA

Homes for Sale in Somerville, MA

This home is located at 18 Laurel Terrace Unit 2, Somerville, MA 02143 since 25 March 2015 and is currently estimated at $814,486, approximately $703 per square foot. This property was built in 1920. 18 Laurel Terrace Unit 2 is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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