$456,000
SOLD AUG 27, 2015

296 Summer St Unit 1 Somerville, MA 02144

Porter Square Neighborhood
1 Bed
1 Bath
874 Sq Ft
1920 Built

Recently Sold

$522 Per Sq Ft

11% Above List Price

37 Days on Market

About This Home

As of March 2021

Looking to buy into the red hot Somerville market without breaking the bank? 296 Summer St offers an amazing location, just steps to the Porter Square Shopping Center and MBTA and only a half a mile to Davis Square. With an extremely flexible floor plan you can use this condo as a huge 1 bedroom or create a two 2 bedroom layout by simply closing the original pocket doors, the choice is yours. Kitchen boasts granite countertops and updated appliances. Back bedroom features a walk-in closet and built-in bookshelves. Newer heating system, covered deck, and best of all on these humid summer days, CENTRAL AC! Don't miss out on 296 Summer St - Unit 1. Open houses on Saturday 7/11 from 11:00am - 12:30pm and Sunday 7/12 from 11:00am - 12:30pm.

Last Agent to Sell the Property

Justin Rollo

Signal Real Estate Listed on: 07/08/2015

Last Buyer's Agent

Mary Ann Tecce

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,431

Year Built

1920

Lot Details

0

Listing Details

  • Unit Level: 1
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Yes
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station, University
  • Electric: 100 Amps
  • Energy: Prog. Thermostat
  • Flooring: Wood
  • Bathroom #1: First Floor
  • Living Room: First Floor, 13X11
  • Master Bedroom: First Floor, 12X11
  • Dining Room: First Floor, 12X11

Exterior Features

  • Construction: Frame
  • Exterior Unit Features: Porch

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Cooling Zones: 1
  • Heat Zones: 1
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance
  • Management: Owner Association
  • No Units: 3
  • Unit Building: 1

Lot Info

  • Assessor Parcel Number: 30-C-2 Sub lot:1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 4, 2021
Sold by
Lee Erik W and Wilscosky Elizabeth M
Bought by
Moran Laura S
Seller's Agent
Joseph Kobialka
RE/MAX Real Estate Center
Buyer's Agent
Juriaan Evers
Compass
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%
Current Estimated Value
$685,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,918
Avg. Annual Appreciation
4.13%
Original Mortgage
$456,000
Outstanding Balance
$410,625
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$275,293

Purchase Details

Listed on
Jul 8, 2015
Closed on
Aug 27, 2015
Sold by
Sullivan Michael
Bought by
Lee Eric W and Wilcosky Elizabeth M
Seller's Agent
Justin Rollo
Signal Real Estate
Buyer's Agent
Mary Ann Tecce
Gibson Sotheby's International Realty
List Price
$409,000
Sold Price
$456,000
Premium/Discount to List
$47,000
11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$350,625
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2010
Sold by
Hurley William
Bought by
Sullivan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
4.78%
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
Condominium Deed $570,000 None Available
Not Resolvable $467,500 --
Deed $311,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $456,000 Purchase Money Mortgage
Previous Owner $350,625 New Conventional
Previous Owner $248,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $570,000 -0.9% $652 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $575,000 +26.1% $658 / Sq Ft
08/27/2015 08/27/15 Sold $456,000 0.0% $522 / Sq Ft
08/14/2015 08/14/15 Pending -- -- --
07/15/2015 07/15/15 Off Market $456,000 -- --
07/08/2015 07/08/15 For Sale $409,000 -- $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 $6,431 $589,500 $0 $589,500
2024 $6,076 $577,600 $0 $577,600
2023 $5,894 $570,000 $0 $570,000
2022 $5,673 $557,300 $0 $557,300
2021 $5,556 $545,200 $0 $545,200
2020 $5,322 $527,500 $0 $527,500
2019 $5,498 $511,000 $0 $511,000
2018 $5,058 $447,200 $0 $447,200
2017 $5,155 $441,700 $0 $441,700
2016 $4,763 $380,100 $0 $380,100
2015 $4,449 $352,800 $0 $352,800
Source: Public Records

Agents Affiliated with this Home

  • Joseph Kobialka

    Seller's Agent in 2021

    Joseph Kobialka

    RE/MAX Real Estate Center

    (617) 974-5336

    1 in this area

    28 Total Sales

    Joseph Kobialka
    Section Image

  • J

    Buyer's Agent in 2021

    Juriaan Evers

    Compass

    Section Image

  • J

    Seller's Agent in 2015

    Justin Rollo

    Signal Real Estate

    Section Image
  • Mary Ann Tecce

    Buyer's Agent in 2015

    Mary Ann Tecce

    Gibson Sothebys International Realty

    (617) 984-9734

    31 Total Sales

    Mary Ann Tecce
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71870130

MLS Property Information Network (MLS PIN)

APN: SOME-000030-C000000-000002-000001

Massachusetts Middlesex County Somerville 02144 Porter Square

296 Summer St Unit 1, Somerville, MA

This home is located at 296 Summer St Unit 1, Somerville, MA 02144 and is currently priced at $456,000, approximately $521 per square foot. This property was built in 1920. 296 Summer St Unit 1 is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and St. Clement Elementary 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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