NOT LISTED FOR SALE

197 Washington St Unit 403 Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $613,050 - $748,000

1 Bed
1 Bath
631 Sq Ft
2016 Built

Last Sold May 09, 2016

Last sale price $563,700 $893 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,291/month

Highlights

  • City View
  • Open Floorplan
  • Deck
  • Somerville High School Rated A-
  • Custom Closet System
  • 3-minute walk to Senator Corbett Playground

About This Home

As of September 2024

AVAILABLE NOW: “197 UNION SQUARE” CONDOMINIUM: VDO TOUR AVAILABLE. ---TOP/4TH FLOOR of 2016 CONSTRUCTION Modern & Luxury 1 BEDROOM 1 BATH with NorthWest Exposure 1 OFF-STREET ASSIGNED PARKING & 1 ASSIGNED STORAGE LOCKER INCLUDED! --- FEATURES: Large Floor-to-ceiling Windows & views of Prospect Hill, HIGH CEILING, Open Floor Plan, Wide Plank HARDWOOD FLOOR Throughout, 6 Burner Stovetop GAS COOKING, State-of-the Art-Kitchen, Caesarstone Quartz Countertops, KitchenAid Stainless Steel Appliances, Shaker Style Wood Cabinetry, Subway Tile Backsplash, KITCHEN ISLAND & BREAKFAST BAR, Modern Bath with Enclosed Glass Shower Doors, NEST THERMOSTATS , WALK-IN CLOSET, Vented GE Washer/Dryer. ---BUILDING FEATURES: Elevator, Professionally Manage, SECURE ENTRY, Camera Intercom, FITNESS ROOM, Bicycle Rack, “SOLAR LOUNGE” w/Gas Fireplace leads to ROOF DECK with views of Boston Skyline & 4th of July Fireworks! ---VIBRANT UNION SQUARE with Restaurants, Coffee Shops, Farmers Market & UNION SQUARE DONUTS!

Last Agent to Rent the Property

Amy Henderson

Gibson Sotheby's International Realty Listed on: 06/06/2024

Gibson Sotheby's International Realty

Last Renter's Agent

Amy Henderson

Gibson Sotheby's International Realty Listed on: 06/06/2024

Gibson Sotheby's International Realty

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2016

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 631 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Picture Window
  • Entrance Foyer
  • Dining Area
  • City Views

Kitchen

  • Breakfast Bar
  • Stove
  • Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Custom Closet System
  • Walk-In Closet
  • 1 Full Bathroom
  • Separate Shower

Laundry

  • Laundry on upper level
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Home Security

  • Home Security System
  • Intercom

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Deck
  • Sprinkler System
  • Property is near public transit and schools

Listing and Financial Details

  • Security Deposit $2,950
  • Property Available on 9/1/24
  • Rent includes water, sewer, trash collection, snow removal, recreational facilities, gardener, extra storage, clubroom, parking, security
  • Assessor Parcel Number 81/ A/ 12/ 403,4997668

Community Details

Overview

  • Property has a Home Owners Association

Amenities

  • Common Area
  • Shops

Recreation

  • Park
  • Jogging Path

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Year Built

Built in 2016

Lot Details

0 Sq Ft Lot

Rental Info

  • Pets Allowed: No
  • Available Date: 2024-09-01
  • Lease Term: Lease Terms(12mo+),Term of Rental(12mo+)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 2950

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 2016
  • Entry Level: 4
  • Year Built Details: Actual
  • Year Round: Yes
  • CoOp Comp: 50%
  • ResoPropertyType: ResidentialLease
  • ResoBuildingAreaSource: Plans
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Walk-In Closet(s), Open Floorplan, Lighting - Overhead, Closet, Recessed Lighting, Foyer, Elevator, Single Living Level, Internet Available - Broadband, Internet Available - DSL
  • Fireplace YN: No
  • Appliances: Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture, Cable Hookup, High Speed Internet Hookup
  • Room Master Bedroom Level: Main,Fourth Floor
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
  • Bathroom 1 Level: Main,Fourth Floor
  • Room Dining Room Features: Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Recessed Lighting
  • Room Dining Room Level: Main,Fourth Floor
  • Room Kitchen Level: Main,Fourth Floor
  • Room Kitchen Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
  • Laundry Features: Laundry Closet, Flooring - Vinyl, Electric Dryer Hookup, Washer Hookup, Fourth Floor, In Unit
  • Room Living Room Level: Main,Fourth Floor
  • Room Living Room Features: Flooring - Hardwood, Window(s) - Picture, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Recessed Lighting
  • Accessibility Features: Accessible Entrance
  • Living Area: 631
  • Other Equipment: Intercom
  • Spa YN: No
  • MAIN LO: BB5918
  • MAIN SO: BB5918

Exterior Features

  • Exterior Features: Deck - Roof, Deck - Composite, Sprinkler System, City View(s)
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof, Deck - Composite
  • View: City
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Heating: Natural Gas, Central, Forced Air, Individual, Unit Control
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Security Features: Security System

Condo/Co-op/Association

  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University, Other
  • Rent Includes: Water, Sewer, Trash Collection, Snow Removal, Recreational Facilities, Gardener, Extra Storage, Clubroom, Parking, Security
  • Senior Community YN: No

Lot Info

  • Parcel Number: 81/ A/ 12/ 403,4997668
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 631
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2015
Closed on
May 11, 2016
Sold by
197 Washington Street
Bought by
Kochhar Puneet and Tailam Praveen
Seller's Agent
Barbara Mihalko
Gibson Sotheby's International Realty
Buyer's Agent
Amy Henderson
Gibson Sotheby's International Realty
List Price
$4,915,000
Sold Price
$563,700
Premium/Discount to List
-$4,351,300
-88.53%
Current Estimated Value
$696,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,563
Avg. Annual Appreciation
2.16%
Original Mortgage
$368,625
Outstanding Balance
$293,928
Interest Rate
3.71%
Mortgage Type
Commercial
Estimated Equity
$402,335
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kochhar Puneet $491,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kochhar Puneet $368,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2024 09/23/24 Rented $2,950 0.0% --
09/10/2024 09/10/24 Under Contract -- -- --
09/09/2024 09/09/24 Price Changed $2,950 -7.8% $5 / Sq Ft
06/06/2024 06/06/24 For Rent $3,200 +10.3% --
01/15/2023 01/15/23 Rented $2,900 0.0% --
01/05/2023 01/05/23 Under Contract -- -- --
11/07/2022 11/07/22 Price Changed $2,900 -9.4% $5 / Sq Ft
10/24/2022 10/24/22 For Rent $3,200 +52.4% --
02/02/2017 02/02/17 Under Contract -- -- --
01/27/2017 01/27/17 Rented $2,100 -4.5% --
11/02/2016 11/02/16 Price Changed $2,200 -8.3% $3 / Sq Ft
09/02/2016 09/02/16 Price Changed $2,400 -4.0% $4 / Sq Ft
08/17/2016 08/17/16 Price Changed $2,500 -3.8% $4 / Sq Ft
06/30/2016 06/30/16 Price Changed $2,600 -8.8% $4 / Sq Ft
05/14/2016 05/14/16 For Rent $2,850 0.0% --
05/09/2016 05/09/16 Sold $563,700 +14.7% $893 / Sq Ft View Prior Sale
09/16/2015 09/16/15 Pending -- -- --
09/15/2015 09/15/15 Price Changed $491,500 -90.0% $779 / Sq Ft
09/09/2015 09/09/15 For Sale $4,915,000 -- $7,789 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $6,842 $627,100 $0 $627,100
2024 $6,597 $627,100 $0 $627,100
2023 $6,428 $621,700 $0 $621,700
2022 $6,043 $593,600 $0 $593,600
2021 $5,917 $580,700 $0 $580,700
2020 $5,864 $581,200 $0 $581,200
2019 $6,355 $590,600 $0 $590,600
2018 $5,351 $473,100 $0 $473,100
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2024

    Amy Henderson

    Gibson Sotheby's International Realty

    (617) 519-1627

    10 Total Sales

    Amy Henderson
    Section Image

  • L

    Buyer's Agent in 2023

    Lily Steven

    Encore Realty

    Section Image

  • C

    Buyer's Agent in 2017

    Coleman Group

    William Raveis R.E. & Home Services

    (617) 642-0205

    6 in this area

    267 Total Sales

    Coleman Group
    Section Image
  • Barbara Mihalko

    Seller's Agent in 2016

    Barbara Mihalko

    Gibson Sothebys International Realty

    (617) 223-1570

    12 Total Sales

    Barbara Mihalko
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73248537

MLS Property Information Network (MLS PIN)

APN: SOME-81 A 12 403

Massachusetts Middlesex County Somerville 02143 Prospect Hill

197 Washington St Unit 403, Somerville, MA

Not Listed for Sale

Condos

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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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