NOT LISTED FOR SALE

Estimated Value: $726,000 - $850,000

3 Beds
2 Baths
1,001 Sq Ft
$250/mo HOA Fee

Last Sold November 30, 2022

Last sale price $690,000 $689 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,907/month

1 Day on Market

Highlights

  • Medical Services
  • Open Floorplan
  • Wood Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • 3-minute walk to Hoyt-Sullivan Playground

About This Home

As of November 2022

Welcome to 416 Medford Street Unit 2. This unit offers a flexible floor plan with 2-3 bedrooms and is in move in condition. The gorgeous updated kitchen offers white cabinetry, granite counter tops and SS appliances and opens to the Dining Rm with bow window. The current owners have removed part of a wall to open the living area to provide a beautiful spacious Living Rm with bow window and access to the recently updated front porch. The living spaces are light filled and the detailed character of the home feature high ceilings and hardwood flooring throughout. The Main Bedroom features two closets and a Main Bath with walk in tiled shower and the second Bedroom is also spacious. The Full Bath provides a ceramic tiled tub/shower, and the unit offers convenient in unit stackable Laundry. Located in a very convenient location just steps to the new Gilman Sq T-stop & to Union, Davis & Assembly Squares, plus lovely neighborhood shops and restaurants. A true gem!

Last Agent to Sell the Property

Susan Verma

William Raveis R.E. & Home Services Listed on: 10/01/2022

William Raveis R.E. & Home Services

Last Buyer's Agent

Team Lillian Montalto

Lillian Montalto Signature Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,366

Year Built

  • Built in 1900 | Remodeled

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 1,001 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Bay Window
  • Basement

Kitchen

  • Breakfast Bar
  • Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Oil
  • Natural Gas Connected
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:49 B:C L:3 U:2,4997602

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 3 Units
  • 416 Medford Street Condominums Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry
  • Community Storage Space

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,366

Year Built

Built in 1900 | Remodeled

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Entry Level: 2
  • Transaction Broker: 1.0
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer, Electric Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Exterior Access, Lighting - Overhead
  • Room Bedroom2 Area: 130
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Ceiling Fan(s), Closet, Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 156
  • Master Bathroom Features: Yes
  • Bathroom 1 Area: 48
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Second
  • Bathroom 2 Level: Second
  • Bathroom 2 Area: 40
  • Bathroom 2 Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Room Dining Room Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
  • Room Dining Room Level: Second
  • Room Dining Room Area: 169
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Peninsula, Lighting - Pendant, Lighting - Overhead
  • Room Kitchen Area: 143
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
  • Room Living Room Level: Second
  • Room Living Room Area: 120
  • Room Living Room Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony - Exterior
  • Basement: Y
  • Living Area: 1001
  • Stories Total: 1
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 694.31
  • PRICE PER Sq Ft: 689.31
  • MAIN SO: G62122

Exterior Features

  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Oil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 250
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Private School, Public School, University
  • UNIT BUILDING: 2
  • MANAGEMENT: Other (See Remarks)
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:49 B:C L:3 U:2,4997602
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 367
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5366
  • Tax Book Number: 67002

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2016
Closed on
Jun 14, 2016
Sold by
Spring Street Rt
Bought by
Schrager David and Lowenthal Cara
Seller's Agent
Joshua Kellerman
Rise Signature Homes
Buyer's Agent
Michael Sokolowski
Torii, Inc.
List Price
$469,000
Sold Price
$480,000
Premium/Discount to List
$11,000
2.35%
Current Estimated Value
$752,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,848
Avg. Annual Appreciation
4.83%
Original Mortgage
$384,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Schrager David $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olins Jennifer $483,000
Closed Schrager David $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $690,000 -0.7% $689 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
10/01/2022 10/01/22 For Sale $695,000 +44.8% $694 / Sq Ft
06/14/2016 06/14/16 Sold $480,000 +2.3% $480 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $469,000 -- $469 / 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 $7,045 $645,700 $0 $645,700
2024 $6,657 $632,800 $0 $632,800
2023 $5,662 $547,600 $0 $547,600
2022 $5,366 $527,100 $0 $527,100
2021 $5,256 $515,800 $0 $515,800
2020 $5,039 $499,400 $0 $499,400
2019 $5,208 $484,000 $0 $484,000
2018 $5,108 $451,600 $0 $451,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73043410

MLS Property Information Network (MLS PIN)

APN: SOME-49 C 3 2