NOT LISTED FOR SALE

40 Fay St Unit 502 Boston, MA 02118

South End Neighborhood

Estimated Value: $824,680 - $1,059,000

2 Beds
1 Bath
886 Sq Ft
$689/mo HOA Fee

Last Sold May 23, 2022

Last sale price $905,000 $1,021 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,318/month

3 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • Deck
  • Tennis Courts
  • 3-minute walk to The Underground Dog Park

About This Home

As of May 2022

Overlook Boston's beautiful skyline from this corner 2 bedroom designer loft renovated in 2016 in the South End's landmark Gateway Terrace! Enter into a wide-open sun filled living space with walls of windows, concrete flooring and designer lighting throughout. Enjoy a meal in the dining area featuring built-ins or at the convenient breakfast bar. The kitchen is fitted with fine Italian cabinets, stainless steel appliances and quartzite counters. Continue to the bedrooms that offer custom cabinet closets with soft close drawers and an updated bathroom with Italian ceramic tiles and a wall mounted double vanity. Also includes in-unit laundry, air conditioning, and deeded garage parking space with room for storage, and a large common terrace with grilling area. All this in a pet-friendly building just a quick walk to SOWA Marketplace and Whole Foods market.

Last Agent to Sell the Property

Steven Cohen Team

Keller Williams Realty Boston-Metro | Back Bay Listed on: 04/07/2022

Keller Williams Realty Boston-Metro | Back Bay

Last Buyer's Agent

Zack Harwood

Berkshire Hathaway HomeServices Warren Residential

Berkshire Hathaway HomeServices Warren Residential

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,746

Year Built

  • Built in 2006

Lot Details

  • 871

HOA Fees

  • $689 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Garage Door Opener
  • Deeded Parking

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 886 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring
  • Intercom

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number W:03 P:06390 S:062,4705800

Community Details

Overview

  • Association fees include heat, gas, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
  • 138 Units
  • Mid-Rise Condominium
  • Gateway Terrace Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Elevator

Recreation

  • Tennis Courts
  • Park
  • Jogging Path

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,746

Year Built

Built in 2006

Lot Details

0

HOA Fees

$689 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2006
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Entry Level: 5
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Oven,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Range Hood, Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Unit
  • Living Area: 886
  • Other Equipment: Intercom
  • Stories Total: 1
  • MAIN LO: BB5522
  • LIST PRICE PER Sq Ft: 1014.67
  • PRICE PER Sq Ft: 1021.44
  • MAIN SO: AN2213

Exterior Features

  • Construction Materials: Frame, Brick
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Under, Garage Door Opener, Deeded

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Elevator(s)
  • Association Fee: 689
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Highway Access, University
  • Senior Community YN: No
  • UNIT BUILDING: 502
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: W:03 P:06390 S:062,4705800
  • Zoning: CD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Size Sq Ft: 871.2
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • LOT SIZE: 886
  • PAGE: 72
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7746
  • Tax Book Number: 57738

Multi Family

  • Number Of Units Total: 138
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2017
Closed on
Mar 30, 2017
Sold by
Scarfogliero Umberto and Caravello Giovanna
Bought by
Bounds Chad and Canarro Morgan
Seller's Agent
Allison Mazer
Compass
Buyer's Agent
Michelle Otey
Luxury Residential Group, LLC
List Price
$885,000
Sold Price
$873,000
Premium/Discount to List
-$12,000
-1.36%
Current Estimated Value
$898,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,670
Avg. Annual Appreciation
0.35%
Original Mortgage
$698,400
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 8, 2015
Closed on
Mar 30, 2015
Sold by
Digon Alain M
Bought by
Scarfogliero Umberto and Scarfogliero Giovanna
Seller's Agent
Lance Greene
Compass
Buyer's Agent
Lance Greene
Compass
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.16%
Original Mortgage
$555,750
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
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
Bounds Chad $873,000 --
Scarfogliero Umberto $585,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talanian Michael $650,000
Closed Bounds Chad $670,000
Closed Bounds Chad $698,400
Previous Owner Scarfogliero Umberto $555,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $905,000 +0.7% $1,021 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $899,000 +3.0% $1,015 / Sq Ft
03/30/2017 03/30/17 Sold $873,000 -1.4% $985 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $885,000 +51.3% $999 / Sq Ft
03/30/2015 03/30/15 Sold $585,000 0.0% $660 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
01/13/2015 01/13/15 Off Market $585,000 -- --
01/08/2015 01/08/15 For Sale $585,000 -- $660 / 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 $8,778 $758,000 $0 $758,000
2024 $8,068 $740,200 $0 $740,200
2023 $7,791 $725,400 $0 $725,400
2022 $7,815 $718,300 $0 $718,300
2021 $7,746 $726,000 $0 $726,000
2020 $6,665 $631,200 $0 $631,200
2019 $6,457 $612,600 $0 $612,600
2018 $6,607 $630,400 $0 $630,400
2017 $6,358 $600,400 $0 $600,400
2016 $6,350 $577,300 $0 $577,300
2015 $6,461 $533,500 $0 $533,500
2014 $6,090 $484,100 $0 $484,100
Source: Public Records

Agents Affiliated with this Home

  • Steven Cohen Team

    Seller's Agent in 2022

    Steven Cohen Team

    Keller Williams Realty Boston-Metro | Back Bay

    (617) 861-3636

    191 in this area

    486 Total Sales

    Steven Cohen Team
    Section Image
  • Zack Harwood

    Buyer's Agent in 2022

    Zack Harwood

    Berkshire Hathaway HomeServices Warren Residential

    (508) 243-7477

    9 in this area

    256 Total Sales

    Zack Harwood
    Section Image
  • Allison Mazer

    Seller's Agent in 2017

    Allison Mazer

    Compass

    (617) 905-7379

    17 in this area

    76 Total Sales

    Allison Mazer
    Section Image
  • Michelle Otey

    Buyer's Agent in 2017

    Michelle Otey

    Luxury Residential Group, LLC

    (617) 279-3334

    6 in this area

    55 Total Sales

    Michelle Otey
    Section Image

  • L

    Seller's Agent in 2015

    Lance Greene

    Compass

    (617) 599-6274

    22 Total Sales

    Lance Greene
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72963907

MLS Property Information Network (MLS PIN)

APN: CBOS-000000-000003-006390-000062

Massachusetts Suffolk County Boston 02118 South End

40 Fay St Unit 502, Boston, MA

This home is located at 40 Fay St Unit 502, Boston, MA 02118 since 07 April 2022 and is currently estimated at $898,670, approximately $1,014 per square foot. This property was built in 2006. 40 Fay St Unit 502 is a home located in Suffolk County with nearby schools including Cathedral High 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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