Seller's Agent in 2021
Tsung-Megason Group
Compass
(310) 562-3608
2 in this area
158 Total Sales
42 Banks St Unit 3 Somerville, MA 02144
Porter Square NeighborhoodEstimated Value: $736,000 - $1,002,000
2
Beds
1
Bath
1,044
Sq Ft
$214/mo
HOA Fee
Highlights
- Wood Flooring
- Somerville High School Rated A-
- Forced Air Heating and Cooling System
About This Home
As of June 2021Luminous light and soaring cathedral ceilings are the hallmarks of this generously proportioned two bed, one bath condo, which seemlessly blends modern conveniences with original, architectural details. This home features skylights and hardwood floors throughout, central A/C, gas cooking, a granite and cherry kitchen, deeded off-street parking, in unit laundry, and tree-top views from every window. The oversized primary bedroom has room for a king sized bed, and additional work-from-home, or work-out space. Sip your morning coffee or enjoy a sunset dinner on your private deck. Centrally located on picturesque Banks St, this condo is steps to shopping and dining. Two blocks from Porter Square with its MBTA red line and commuter rail stops, super market, pharmacy and hardware store. Four blocks from Davis Square with its restaurants, classic movie theatre and bowling alley. Two blocks from the Somerville bike/walk trail. Easy commute to Boston, Harvard, MIT and Kendall Sq. Pet friendly.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,184
Year Built
- Built in 1900
HOA Fees
- $214 per month
Kitchen
- Range
- Microwave
- Dishwasher
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Additional Features
- Wood Flooring
- Year Round Access
- Basement
Community Details
- Call for details about the types of pets allowed
Listing and Financial Details
- Assessor Parcel Number M:30 B:A L:6 U:3
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2021
Closed on
Jun 24, 2021
Sold by
Strong Alexandra C and Strong Scott W
Bought by
Chen Michelle
Seller's Agent
Tsung-Megason Group
Compass
Buyer's Agent
Maggie Dee
Compass
List Price
$775,000
Sold Price
$835,000
Premium/Discount to List
$60,000
7.74%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,920
Avg. Annual Appreciation
0.20%
Original Mortgage
$542,750
Outstanding Balance
$493,528
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$348,392
Purchase Details
Listed on
Jul 13, 2016
Closed on
Aug 23, 2016
Sold by
Barmore Johanna
Bought by
Strong Alexandra C and Strong Scott W
Seller's Agent
Jaime Kidston
Keller Williams Realty Boston Northwest
Buyer's Agent
Randall Horn
Entourage Realty LLC
List Price
$550,000
Sold Price
$620,255
Premium/Discount to List
$70,255
12.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$465,191
Interest Rate
3.41%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 17, 2010
Sold by
Seeger Jeremy
Bought by
Barmore Johanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,557
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Michelle | $835,000 | None Available | |
| Chen Michelle | $835,000 | None Available | |
| Strong Alexandra C | $620,255 | -- | |
| Barmore Johanna | $409,557 | -- | |
| Barmore Johanna | $409,557 | -- | |
| Barmore Johanna | $409,557 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Michelle | $542,750 | |
| Closed | Chen Michelle | $542,750 | |
| Previous Owner | Strong Alexandra C | $465,191 | |
| Previous Owner | Strong Scott W | $93,038 | |
| Previous Owner | Barmore Johanna | $213,557 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2021 06/24/21 | Sold | $835,000 | +7.7% | $800 / Sq Ft |
| 05/19/2021 05/19/21 | Pending | -- | -- | -- |
| 05/12/2021 05/12/21 | For Sale | $775,000 | 0.0% | $742 / Sq Ft |
| 11/14/2018 11/14/18 | Under Contract | -- | -- | -- |
| 11/08/2018 11/08/18 | Rented | $3,150 | 0.0% | -- |
| 11/02/2018 11/02/18 | For Rent | $3,150 | 0.0% | -- |
| 08/23/2016 08/23/16 | Sold | $620,255 | +12.8% | $594 / Sq Ft |
| 07/20/2016 07/20/16 | Pending | -- | -- | -- |
| 07/13/2016 07/13/16 | For Sale | $550,000 | -- | $527 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,184 | $750,100 | $0 | $750,100 |
| 2024 | $7,732 | $735,000 | $0 | $735,000 |
| 2023 | $7,500 | $725,300 | $0 | $725,300 |
| 2022 | $7,105 | $697,900 | $0 | $697,900 |
| 2021 | $6,958 | $682,800 | $0 | $682,800 |
| 2020 | $6,667 | $660,800 | $0 | $660,800 |
| 2019 | $6,441 | $598,600 | $0 | $598,600 |
| 2018 | $6,261 | $553,600 | $0 | $553,600 |
| 2017 | $5,738 | $491,700 | $0 | $491,700 |
| 2016 | $5,671 | $452,600 | $0 | $452,600 |
| 2015 | $5,268 | $417,800 | $0 | $417,800 |
Source: Public Records
Agents Affiliated with this Home
-
Tsung-Megason Group
-
Bernadine Tsung Megason
B
Seller Co-Listing Agent in 2021
Bernadine Tsung Megason
Compass
(310) 562-3608
1 in this area
51 Total Sales
-
Maggie Dee
Buyer's Agent in 2021
Maggie Dee
Compass
(617) 634-9665
1 in this area
46 Total Sales
-
J
Seller's Agent in 2018
Jennifer Buco
Jennifer Buco
-
Matthew Foley
Buyer's Agent in 2018
Matthew Foley
Fenway Property Advisors
(857) 350-2134
50 Total Sales
-
Jaime Kidston
Seller's Agent in 2016
Jaime Kidston
Keller Williams Realty Boston Northwest
(305) 204-6194
39 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72829949
APN: SOME-000030-A000000-000006-000003
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.
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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