31 Franklin Ave Unit 1 Somerville, MA 02145
East Somerville NeighborhoodEstimated Value: $614,000 - $716,000
2
Beds
1.5
Baths
985
Sq Ft
$196/mo
HOA Fee
Highlights
- Open Floorplan
- Deck
- Wood Flooring
- Somerville High School Rated A-
- Property is near public transit
- 3-minute walk to Glen Park
About This Home
As of August 2021Incredible opportunity to own a 2 bed, 1.5 bath condominium with 2 off-street parking spaces and an impressive private roof deck! Renovated in 2013 and meticulously maintained, this unit offers a desirable floor plan; open Living, Dining, Kitchen concept with bedrooms tucked away in the back. Kitchen is equipped with stainless steel appliances, gas cooking, built-in microwave, granite countertops, white shaker-style cabinets and subway tile backsplash. Interior has been freshly painted and features gleaming hardwood floors. Enjoy fabulous el fresco dining on the generous private roof deck. Additional coveted amenities include Central A/C, in-unit laundry, and tons of closet space. Located just outside booming Union Square and just over a half mile to the Sullivan Square Orange Line, this wonderful home is amazingly convenient to the best of Somerville, easy access to Kendall Sq, highway 93 and close proximity to Boston!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,093
Year Built
- Built in 1890
HOA Fees
- $196 Monthly HOA Fees
Home Design
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 985 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Insulated Windows
- Bay Window
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathtub with Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
Utilities
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
- 1 Cooling Zone
- 1 Heating Zone
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number M:104 B:D L:11 U:1,4910457
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure
- 2 Units
- Franklin Avenue Condominium Community
Amenities
- Shops
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2021
Closed on
Aug 30, 2021
Sold by
Chin Yvette M and Adams David A
Bought by
Ridge Matthew J and Thadani Nicole
Seller's Agent
Patti Brainard
Compass
Buyer's Agent
Domingo Medina
Coldwell Banker Realty - Lexington
List Price
$569,000
Sold Price
$567,000
Premium/Discount to List
-$2,000
-0.35%
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,043
Avg. Annual Appreciation
5.74%
Original Mortgage
$490,000
Outstanding Balance
$456,419
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$240,614
Purchase Details
Closed on
Nov 25, 2013
Sold by
Ocean City Dev Llc
Bought by
Adams David A and Chin Yvette M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Somerville, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ridge Matthew J | $567,000 | None Available | |
| Adams David A | $350,000 | -- | |
| Adams David A | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ridge Matthew J | $490,000 | |
| Previous Owner | Adams David A | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2021 08/30/21 | Sold | $567,000 | -0.4% | $576 / Sq Ft |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $569,000 | -- | $578 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,058 | $555,300 | $0 | $555,300 |
| 2024 | $5,595 | $531,800 | $0 | $531,800 |
| 2023 | $5,431 | $525,200 | $0 | $525,200 |
| 2022 | $5,193 | $510,100 | $0 | $510,100 |
| 2021 | $5,093 | $499,800 | $0 | $499,800 |
| 2020 | $4,938 | $489,400 | $0 | $489,400 |
| 2019 | $4,780 | $444,200 | $0 | $444,200 |
| 2018 | $5,265 | $465,500 | $0 | $465,500 |
| 2017 | $4,813 | $412,400 | $0 | $412,400 |
| 2016 | $4,503 | $359,400 | $0 | $359,400 |
| 2015 | $3,915 | $310,500 | $0 | $310,500 |
Source: Public Records
Agents Affiliated with this Home
-
Patti Brainard
Seller's Agent in 2021
Patti Brainard
Compass
(781) 789-5767
2 in this area
153 Total Sales
-
Domingo Medina
Buyer's Agent in 2021
Domingo Medina
Coldwell Banker Realty - Lexington
(617) 610-0050
1 in this area
89 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72861166
APN: SOME-000104-D000000-000011-000001
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.
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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