NOT LISTED FOR SALE

40 Fay St Unit 603 Boston, MA 02118

South End Neighborhood

Estimated Value: $821,000 - $933,000

1 Bed
1 Bath
889 Sq Ft
$728/mo HOA Fee

Last Sold July 06, 2023

Last sale price $835,000 $939 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,966/month

39 Days on Market

Highlights

  • City View
  • Corner Lot
  • Intercom
  • Property is near public transit
  • Elevator
  • 3-minute walk to The Underground Dog Park

About This Home

As of July 2023

Over a dozen east and south-facing windows make this sixth-floor corner unit shine. Polished concrete floors streaked with sunlight and soaring ceilings give a loft-like edge throughout. The designer kitchen has seating for four along the natural stone counter and is equipped with quality appliances. Plans in hand to convert the open dining space into a second bedroom should you need. The oversized bedroom has quality closet built-ins and ample room for a work from home space. You’ll find a European style laundry machine and storage cabinetry in the bathroom. The association includes a large, shared brick courtyard for outdoor space. With trendy restaurants and bars nearby, SoWa Market visible from the living room windows and easy access in and out of Boston, this meticulously maintained condo eagerly awaits to welcome you home.

Last Agent to Sell the Property

Merullo Peoples Team

Coldwell Banker Realty - Cambridge Listed on: 05/04/2023

Coldwell Banker Realty - Cambridge

Co-Listed By

Michael Merullo

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

The Goodrich Team

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,638

Year Built

  • Built in 2006

Lot Details

  • 871

HOA Fees

  • $728 Monthly HOA Fees

Home Design

  • Entry on the 6th floor
  • Rubber Roof

Interior Spaces

  • 889 Sq Ft Home
  • 1-Story Property
  • City Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

  • Intercom
  • Door Monitored By TV

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Bps Elementary And Middle School
  • Bps High School

Utilities

  • Forced Air Heating and Cooling System
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Hydro-Air Heating System
  • Hot Water Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 4705803

Community Details

Overview

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

Amenities

  • Common Area
  • Shops
  • Elevator

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,638

Year Built

Built in 2006

Lot Details

0

HOA Fees

$728 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2006
  • Entry Level: 6
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Concrete
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Oven,Dishwasher,Disposal,Microwave,Refrigerator,Washer/Dryer, Utility Connections for Gas Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Unit
  • Basement: N
  • Living Area: 889
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: City View(s)
  • Common Walls: Corner
  • Home Warranty YN: No
  • Roof: Rubber
  • View: City
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air, Heat Pump, Unit Control
  • Heating: Forced Air, Heat Pump, Natural Gas, Hydro Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom, TV Monitor
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Association Amenities: Hot Water, Elevator(s)
  • Association Fee: 728
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Highway Access, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 4705803
  • Zoning: CD
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4638.09

Multi Family

  • Number Of Units Total: 138
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Bps
  • Elementary School: Bps
  • Middle Or Junior School: Bps

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2022
Sold by
Chin Russell and Padre Andre
Bought by
Chin Padre Ft and Padre
Current Estimated Value
$854,490

Purchase Details

Listed on
Sep 5, 2019
Closed on
Nov 14, 2019
Sold by
Gregory Alex M and Reynolds Daniel H
Bought by
Chin Russel and Padre Andre
Seller's Agent
Melinda Sarkis
Coldwell Banker Realty - Boston
Buyer's Agent
Merullo Peoples Team
Coldwell Banker Realty - Cambridge
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.28%
Original Mortgage
$672,000
Interest Rate
3.5%
Mortgage Type
New Conventional
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
Chin Padre Ft -- None Available
Chin Russel $840,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chin Russel $672,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2023 07/06/23 Sold $835,000 -5.1% $939 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $880,000 +4.8% $990 / Sq Ft
11/21/2019 11/21/19 Sold $840,000 -1.2% $945 / Sq Ft View Prior Sale
10/15/2019 10/15/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $850,000 -- $956 / 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 $9,081 $784,200 $0 $784,200
2024 $8,346 $765,700 $0 $765,700
2023 $8,059 $750,400 $0 $750,400
2022 $8,085 $743,100 $0 $743,100
2021 $7,774 $728,600 $0 $728,600
2020 $6,679 $632,500 $0 $632,500
2019 $6,472 $614,000 $0 $614,000
2018 $6,620 $631,700 $0 $631,700
2017 $6,371 $601,600 $0 $601,600
2016 $6,362 $578,400 $0 $578,400
2015 $6,700 $553,300 $0 $553,300
2014 $6,318 $502,200 $0 $502,200
Source: Public Records

Agents Affiliated with this Home

  • Merullo Peoples Team

    Seller's Agent in 2023

    Merullo Peoples Team

    Coldwell Banker Realty - Cambridge

    (617) 520-4638

    1 in this area

    120 Total Sales

    Merullo Peoples Team
    Section Image
  • Michael Merullo

    Seller Co-Listing Agent in 2023

    Michael Merullo

    Coldwell Banker Realty - Cambridge

    (339) 223-6949

    1 in this area

    31 Total Sales

    Michael Merullo
    Section Image
  • The Goodrich Team

    Buyer's Agent in 2023

    The Goodrich Team

    Compass

    (617) 398-4444

    27 in this area

    454 Total Sales

    The Goodrich Team
    Section Image
  • Melinda Sarkis

    Seller's Agent in 2019

    Melinda Sarkis

    Coldwell Banker Realty - Boston

    (617) 943-8333

    17 in this area

    33 Total Sales

    Melinda Sarkis
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73107364

MLS Property Information Network (MLS PIN)

APN: CBOS-000000-000003-006390-000078

Massachusetts Suffolk County Boston 02118 South End

40 Fay St Unit 603, Boston, MA

Not Listed for Sale

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