NOT LISTED FOR SALE

367 Somerville Ave Unit B Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $553,758 - $638,000

1 Bed
1 Bath
726 Sq Ft
$321/mo HOA Fee

Last Sold June 01, 2022

Last sale price $496,000 $683 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,893/month

3 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Shops
  • Somerville High School Rated A-
  • Park
  • 3-minute walk to Quincy Street Open Space

About This Home

As of June 2022

Welcome home to this spacious and well laid out 1-bedroom at the historic Gerrior Square Condominium, in the heart of Union Square! Incredible access to the new Green Line stop at Union Square, shops, restaurants, Bow Market, the Summer Farmer's Market, Market Basket, Harvard University, MIT and many commuter routes! Sunlight streams through the new, oversized Pella windows, highlighting the original charm that this home retains, including wide-plank pine floors, high ceilings & bay window. The generously sized bedroom boasts ample closet space, with potential for a home office area. Major exterior work to windows, roof, ornamental details and siding recently completed. This home also offers a 2-year-old water heater, basement storage, free, common laundry & courtyard with bike racks. This is a fantastic opportunity to enter the Somerville Real Estate market, for both 1st time home buyers and down-sizers, in a well-established & professionally managed association.

Last Agent to Sell the Property

Joanna Kirylo

Keller Williams Realty Boston Northwest Listed on: 03/24/2022

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Kelly Atlantic Realty Team

Engel & Volkers Boston

Engel & Volkers Boston

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,243

Year Built

  • Built in 1920

HOA Fees

  • $321 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 726 Sq Ft Home
  • 1-Story Property
  • Insulated Windows

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • Two or More Common Walls
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 1 / c
  • Assessor Parcel Number 4271931

Community Details

Overview

  • Association fees include water, sewer, insurance, snow removal, trash
  • 43 Units
  • Mid-Rise Condominium
  • Gerrior Square Condominium Community

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Park

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,243

Year Built

Built in 1920

Lot Details

0

HOA Fees

$321 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1920
  • Buyer Agency Type: %
  • Entry Level: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile, Vinyl
  • Entry Location: Unit Placement(Courtyard)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator, Gas Water Heater
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: Common Area, In Building
  • Living Area: 726
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN2213
  • MAIN SO: AN2383

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s), None
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Fee: 320.88
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Snow Removal, Trash

Lot Info

  • Parcel Number: 4271931
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4243.02
  • Tax Block: c
  • Tax Lot: 1

Multi Family

  • Number Of Units Total: 43
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2010
Sold by
Babcock Ryan
Bought by
Babcock Ryan and Babcock Evelyn Myrth
Current Estimated Value
$592,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Outstanding Balance
$117,612
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$474,828

Purchase Details

Closed on
Jul 17, 2006
Sold by
Theogarajan Luke
Bought by
Babcock Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,800
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Babcock Ryan -- --
Babcock Ryan $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babcock Ryan $177,000
Previous Owner Babcock Ryan $184,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold $496,000 -0.6% $683 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $499,000 0.0% $687 / Sq Ft
11/01/2020 11/01/20 Rented $1,800 +2.9% --
09/14/2020 09/14/20 Under Contract -- -- --
09/02/2020 09/02/20 For Rent $1,750 -- --
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 $5,574 $510,900 $0 $510,900
2024 $5,051 $480,100 $0 $480,100
2023 $4,515 $436,700 $0 $436,700
2022 $4,243 $416,800 $0 $416,800
2021 $4,112 $403,500 $0 $403,500
2020 $4,033 $399,700 $0 $399,700
2019 $3,851 $357,900 $0 $357,900
2018 $3,390 $299,700 $0 $299,700
2017 $3,390 $290,500 $0 $290,500
2016 $3,358 $268,000 $0 $268,000
2015 $3,347 $265,400 $0 $265,400
Source: Public Records

Agents Affiliated with this Home

  • Joanna Kirylo

    Seller's Agent in 2022

    Joanna Kirylo

    Keller Williams Realty Boston Northwest

    (617) 669-5893

    2 in this area

    49 Total Sales

    Joanna Kirylo
    Section Image

  • K

    Buyer's Agent in 2022

    Kelly Atlantic Realty Team

    Engel & Volkers Boston

    (617) 206-3333

    1 in this area

    28 Total Sales

    Kelly Atlantic Realty Team
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72957018

MLS Property Information Network (MLS PIN)

APN: SOME-000074-C000000-000001-000367B

Massachusetts Middlesex County Somerville 02143 Prospect Hill

367 Somerville Ave Unit B, Somerville, MA

Not Listed for Sale

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