$641,956 - $806,000
RENTED SEP 23, 2024

197 Washington St Unit 403 Somerville, MA 02143

Prospect Hill Neighborhood
1 Bed
1 Bath
631 Sq Ft
$1,111 Price per Sq Ft

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 $4,475/month

About This Home

As of May 2016

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!

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
Advisors Living - Boston
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
$700,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,289
Avg. Annual Appreciation
2.34%
Original Mortgage
$368,625
Interest Rate
3.71%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

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ICE

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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
Kochhar Puneet $491,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kochhar Puneet $328,000
Closed Kochhar Puneet $328,500
Closed Kochhar Puneet $368,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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 $6,842 $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

    Seller's Agent in 2024

    Amy Henderson

    Gibson Sotheby's International Realty

    (617) 519-1627

    11 Total Sales

    Amy Henderson
    Section Image

  • L

    Buyer's Agent in 2023

    Lily Steven

    Encore Realty

    3 Total Sales

    Lily Steven
    Section Image

  • C

    Buyer's Agent in 2017

    Coleman Group

    William Raveis R.E. & Home Services

    (617) 642-0205

    1 in this area

    294 Total Sales

    Section Image
  • Barbara Mihalko

    Seller's Agent in 2016

    Barbara Mihalko

    Advisors Living - Boston

    (617) 223-1570

    15 Total Sales

    Barbara Mihalko
    Section Image
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Map

Massachusetts Middlesex County Somerville 02143 Prospect Hill

197 Washington St Unit 403, Somerville, MA

Homes for Sale in Somerville, MA

This home is located at 197 Washington St Unit 403, Somerville, MA 02143 and is currently estimated at $700,989, approximately $1,110 per square foot. 197 Washington St Unit 403 is a home located in Middlesex County with nearby schools including Somerville High School and Prospect Hill Academy Upper Elementary Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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