NOT LISTED FOR SALE

31 Franklin Ave Unit 2 Somerville, MA 02145

East Somerville Neighborhood

Estimated Value: $658,000 - $840,000

3 Beds
2 Baths
1,028 Sq Ft
$241/mo HOA Fee

Last Sold December 27, 2021

Last sale price $595,000 $579 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,573/month

5 Days on Market

Highlights

  • 1 Cooling Zone
  • Somerville High School Rated A-
  • 2-minute walk to Glen Park

About This Home

As of December 2021

Best value in Somerville!!!!!! Welcome to this incredible 2013 penthouse conversion! Bright, beautiful and spacious, this top floor condo has been well-maintained. The kitchen has a gas range with granite counter tops and stainless steel appliances. With 2 levels of living, 3 bedrooms, 2 full bathrooms, 2 private decks - one off the primary bedroom, 2 deeded parking spaces, in-unit laundry, central AC, and basement storage - this condo has it all!! One of the best locations in Somerville. Steps from the shops and restaurants at Assembly Row and Union Square. Walking distance to public transportation including Orange Line at Sullivan Square and coming in months the Green Line extension in East Somerville. Easy access to I-93, Rt-28, and Boston. Don’t miss out on this opportunity!

Last Agent to Sell the Property

Hudson Santana

Keller Williams Realty Boston Northwest Listed on: 11/17/2021

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Mike Panza

Panza Home Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,235

Year Built

  • 1890

HOA Fees

  • $241 per month

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,235

Year Built

1890

Lot Details

0

HOA Fees

$241 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Directions: Off of Washington St
  • Garage Yn: No
  • Structure Type: 2/3 Family
  • Year Built Details: Approximate,Renovated Since
  • Special Features: None
  • Year Built: 1890

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bathrooms: 2
  • Master Bathroom Features: No
  • MAIN LO: BB5474
  • LIST PRICE PER Sq Ft: 559.34
  • PRICE PER Sq Ft: 578.79
  • MAIN SO: BB5522
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood, Tile, Carpet
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Common Walls: No One Above
  • Construction Type: Frame
  • Patio And Porch Features: Deck, Deck - Roof
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating Yn: Yes
  • Laundry Features: In Unit, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association
  • Association Fee: 240.63
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Pets Allowed: Breed Restrictions

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Reserve Funds

Schools

  • High School: Shs

Lot Info

  • PAGE: 482
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • Farm Land Area Units: Square Feet
  • Zoning: 0000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5245
  • Tax Book Number: 63080
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Dec 27, 2021
Sold by
Mccusker Heather
Bought by
Lorberfeld Ian B
Seller's Agent
Hudson Santana
Keller Williams Realty Boston Northwest
Buyer's Agent
Mike Panza
Panza Home Group
List Price
$575,000
Sold Price
$595,000
Premium/Discount to List
$20,000
3.48%
Current Estimated Value
$719,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,072
Avg. Annual Appreciation
4.71%
Original Mortgage
$476,000
Outstanding Balance
$439,763
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$267,648

Purchase Details

Closed on
Dec 18, 2013
Sold by
Ocean City Dev Llc
Bought by
Mccusker Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Interest Rate
4.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lorberfeld Ian B $595,000 None Available
Mccusker Heather $351,000 --
Mccusker Heather $351,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lorberfeld Ian B $476,000
Previous Owner Mccusker Heather $280,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $595,000 +3.5% $579 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $575,000 -- $559 / 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 $6,235 $571,500 $0 $571,500
2024 $5,759 $547,400 $0 $547,400
2023 $5,591 $540,700 $0 $540,700
2022 $5,348 $525,300 $0 $525,300
2021 $5,245 $514,700 $0 $514,700
2020 $5,086 $504,100 $0 $504,100
2019 $4,926 $457,800 $0 $457,800
2018 $5,413 $478,600 $0 $478,600
2017 $5,048 $432,600 $0 $432,600
2016 $4,669 $372,600 $0 $372,600
2015 $4,065 $322,400 $0 $322,400
Source: Public Records

Agents Affiliated with this Home

  • Hudson Santana

    Seller's Agent in 2021

    Hudson Santana

    Keller Williams Realty Boston Northwest

    (617) 272-0842

    22 in this area

    511 Total Sales

    Hudson Santana
    Section Image
  • Mike Panza

    Buyer's Agent in 2021

    Mike Panza

    Panza Home Group

    (617) 579-8826

    1 in this area

    74 Total Sales

    Mike Panza
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72920856

MLS Property Information Network (MLS PIN)

APN: SOME-000104-D000000-000011-000002

Massachusetts Middlesex County Somerville 02143 East Somerville

31 Franklin Ave Unit 2, Somerville, MA

This home is located at 31 Franklin Ave Unit 2, Somerville, MA 02145 since 17 November 2021 and is currently estimated at $717,198, approximately $697 per square foot. This property was built in 1890. 31 Franklin Ave Unit 2 is a home located in Middlesex County with nearby schools including Somerville High School, Prospect Hill Academy Upper Elementary Campus, and Community Charter School of Cambridge.

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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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