NOT LISTED FOR SALE

40 School St Unit 1 Somerville, MA 02143

Spring Hill Neighborhood

Estimated Value: $763,000 - $840,000

2 Beds
1 Bath
1,071 Sq Ft
1900 Built

Last Sold June 16, 2016

Last sale price $560,000 $523 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,201/month

8 Days on Market

About This Home

As of June 2016

Just outside flourishing Union Square with its host of independent shops, restaurants, dog park, artisanal donuts! and the farmers' market reflecting its vibrant cultural diversity, this very sunny first-floor one-level condominium is located in a handsome turn-of-the-century six-unit building on a pretty side street with convenient parking. Oversize windows with long views and great privacy. Two generous bedrooms, two sets of bay windows, wood floors, handsome period detail, and a lovely open floor plan distinguish the condominium. Bonus south-facing sun room for home office or exercise area. Exclusive basement storage and plenty of common use basement space as well. Well-managed association. Located just a block from major bus lines that serve the orange, red and green lines. Convenient to a stop on the planned Green Line extension. A very large shared yard with common grill and patio and a bike-friendly condominium association make for a very appealing and desirable new home!

Last Listed By

The Petrowsky Jones Group

Compass Listed on: 04/05/2016

Compass

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,304

Year Built

1900

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, Highway Access, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Dining Room: First Floor
  • No Living Levels: 1

Exterior Features

  • Roof: Rubber
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Unit Features: Patio

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Heating: Forced Air, Gas, Electric Baseboard
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance
  • Management: Owner Association
  • Pets Allowed: Yes
  • No Units: 6
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Jun 16, 2016
Sold by
Burns Kathleen
Bought by
Zhao Wei
Seller's Agent
The Petrowsky Jones Group
Compass
Buyer's Agent
Jing Xu
Senne
List Price
$500,000
Sold Price
$560,000
Premium/Discount to List
$60,000
12%
Total Days on Market
8
Current Estimated Value
$809,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,384
Avg. Annual Appreciation
4.21%
Original Mortgage
$448,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Zhao Wei $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Wei $413,896
Closed Zhao Wei $448,000
Previous Owner Burns Kathleen $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2016 06/16/16 Sold $560,000 +12.0% $523 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $500,000 -- $467 / 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 $8,304 $761,100 $0 $761,100
2024 $7,797 $741,200 $0 $741,200
2023 $7,664 $741,200 $0 $741,200
2022 $7,261 $713,300 $0 $713,300
2021 $7,120 $698,700 $0 $698,700
2020 $6,982 $692,000 $0 $692,000
2019 $5,071 $471,300 $0 $471,300
2018 $5,947 $525,800 $0 $525,800
2017 $5,396 $462,400 $0 $462,400
2016 $5,206 $415,500 $0 $415,500
2015 $4,741 $376,000 $0 $376,000
Source: Public Records

Agents Affiliated with this Home

  • Jing Xu

    Buyer's Agent in 2016

    Jing Xu

    Senne

    (617) 876-2506

    6 Total Sales

    Jing Xu
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71983184

MLS Property Information Network (MLS PIN)

APN: SOME-000052-C000000-000020-000001

Massachusetts Middlesex County Somerville 02143 Spring Hill

40 School St Unit 1, Somerville, MA

Homes for Sale in Somerville, MA

This home is located at 40 School St Unit 1, Somerville, MA 02143 since 05 April 2016 and is currently estimated at $809,384, approximately $755 per square foot. This property was built in 1900. 40 School St Unit 1 is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and Bright Future Educare Center.

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