NOT LISTED FOR SALE

198 Summer St Unit 1 Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $884,000 - $1,098,000

2 Beds
3 Baths
1,386 Sq Ft
$270/mo HOA Fee

Last Sold April 15, 2021

Last sale price $860,000 $620 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,226/month

5 Days on Market

Highlights

  • Engineered Wood Flooring
  • Wet Bar
  • Forced Air Heating and Cooling System
  • Somerville High School Rated A-
  • Security Service
  • 1-minute walk to Bailey Park

About This Home

As of April 2021

Conveniently located within walking distance to Porter Square and Davis Square, this sun-filled 2+ bed, 3 bath condo is a must see. Completely gut renovated in 2015 the craftsmanship and architectural details in this spacious two level unit are endless and include custom kitchen cabinetry, quartz countertops and Kitchen Aid stainless steel appliances. The exquisite details continue with coffered ceilings throughout the kitchen and living area and gorgeous chandeliers in each bedroom. The living area extends into the large finished basement that has a retractable dividing sliding door and complete that with a full bathroom and a wet bar. Other bells and whistles include Central AC and Heat, NEST programable thermostat and a security system. The private patio makes for a great compliment to this beautiful unit.

Last Agent to Sell the Property

Callon Walker

eRealty Advisors, Inc. Listed on: 02/24/2021

eRealty Advisors, Inc.

Last Buyer's Agent

James Gulden

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,098

Year Built

  • Built in 1885

HOA Fees

  • $270 per month

Interior Spaces

  • Wet Bar
  • Basement

Kitchen

  • Built-In Oven
  • Built-In Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Laundry

  • Laundry in unit
  • ENERGY STAR Qualified Dryer
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Security Service

Listing and Financial Details

  • Assessor Parcel Number M:38 B:E L:23 U:1

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,098

Year Built

Built in 1885

Lot Details

0

HOA Fees

$270 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 577.20
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1885
  • Lead Paint: Unknown
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Street, Walkout
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1885

Interior Features

  • Flooring: Tile, Hardwood, Engineered Hardwood
  • Interior Amenities: Security System, Cable Available, Wetbar
  • Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Countertop Range, Refrigerator, Washer, Dryer, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR
  • No Bedrooms: 2
  • Full Bathrooms: 3
  • Primary Bathroom: Yes
  • No Rooms: 5
  • Laundry Features: In Unit
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: AN2383
  • Main So: NB3534
  • Estimated Sq Ft: 1386.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Insulation Feature: Fiberglass
  • Exterior Unit Features: Porch, Patio, Patio - Enclosed

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Central Heat, Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Electric
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Public School, T-Station
  • HOA Fees: 270.00
  • Association Fee Includes: Master Insurance, Exterior Maintenance, Snow Removal
  • Condo Association: Yes
  • Management: Owner Association

Lot Info

  • Assessments: 737200.00
  • Page: 143
  • Parcel Number: M:38 B:E L:23 U:1
  • Zoning: r

Tax Info

  • Taxes: 7438.00
  • Assessor Parcel Number: 4997556
  • Tax Year: 2020

Multi Family

  • No Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
Apr 14, 2021
Sold by
Silva-Montero Noel F and Pena-Alcaraz Maria T
Bought by
Lin Daniel
Seller's Agent
Callon Walker
eRealty Advisors, Inc.
Buyer's Agent
James Gulden
Redfin Corp.
List Price
$799,999
Sold Price
$860,000
Premium/Discount to List
$60,001
7.5%
Current Estimated Value
$980,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,410
Avg. Annual Appreciation
2.47%
Original Mortgage
$688,000
Outstanding Balance
$626,538
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$331,963

Purchase Details

Listed on
Aug 24, 2016
Closed on
Oct 7, 2016
Sold by
Cond 198 Summer Street
Bought by
Silva-Montero Noel F and Pena-Alcaraz Maria T
Seller's Agent
Hudson Santana
Keller Williams Realty Boston Northwest
Buyer's Agent
Callon Walker
eRealty Advisors, Inc.
List Price
$624,900
Sold Price
$685,000
Premium/Discount to List
$60,100
9.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$548,000
Interest Rate
3.43%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Lin Daniel $860,000 None Available
Silva-Montero Noel F $685,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Daniel $688,000
Previous Owner Silva-Montero Noel F $548,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $860,000 +7.5% $620 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $799,999 +16.8% $577 / Sq Ft
10/07/2016 10/07/16 Sold $685,000 +9.6% $513 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $624,900 -- $468 / 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 $9,098 $833,900 $0 $833,900
2024 $8,600 $817,500 $0 $817,500
2023 $8,345 $807,100 $0 $807,100
2022 $7,913 $777,300 $0 $777,300
2021 $7,755 $761,000 $0 $761,000
2020 $7,438 $737,200 $0 $737,200
2019 $7,692 $714,900 $0 $714,900
2018 $7,790 $688,800 $0 $688,800
Source: Public Records

Agents Affiliated with this Home

  • Callon Walker

    Seller's Agent in 2021

    Callon Walker

    eRealty Advisors, Inc.

    (617) 780-9000

    1 in this area

    34 Total Sales

    Callon Walker
    Section Image
  • Hudson Santana

    Seller's Agent in 2016

    Hudson Santana

    Keller Williams Realty Boston Northwest

    (617) 272-0842

    28 in this area

    510 Total Sales

    Hudson Santana
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72789137

MLS Property Information Network (MLS PIN)

APN: SOME-38 E 23 1

Massachusetts Middlesex County Somerville 02143 Spring Hill

198 Summer St Unit 1, Somerville, MA

This home is located at 198 Summer St Unit 1, Somerville, MA 02143 since 24 February 2021 and is currently estimated at $980,410, approximately $707 per square foot. This property was built in 1885. 198 Summer St Unit 1 is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

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.

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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