NOT LISTED FOR SALE

Estimated Value: $799,000 - $884,000

2 Beds
1 Bath
945 Sq Ft
$495/mo HOA Fee

Last Sold June 15, 2023

Last sale price $753,000 $797 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,797/month

35 Days on Market

Highlights

  • Medical Services
  • Landscaped Professionally
  • Marble Flooring
  • Somerville High School Rated A-
  • Property is near public transit
  • 4-minute walk to Palmacci Playground

About This Home

As of June 2023

OFFER ACCEPTED, 4/30 OPEN HOUSE CANCELED. Yes, this 2 bed condo at Park Street Lofts has everything on your list: deeded garage parking, elevator, in-unit laundry, private outdoor space, central air conditioning & a separate WFH space/guest room/study - and it is newly painted & move-in ready. Huge windows & high ceilings bring in natural light and enhance the appealing loft-like feel. The well designed kitchen has many recent updates. The large bathroom's 2nd entrance lets it double as a fabulous primary en-suite, and the adjacent closets are customized by California Closets. Built in 2003 this conveniently located, professionally managed 19 unit building has very high owner occupancy. Fantastic, amenities-rich location surrounded by Harvard, Inman, Union, & Porter Squares. Live within close proximity to a fabulous array of vibrant cafes, breweries, unique shops, & world-class restaurants in both Somerville & Cambridge.

Last Listed By

Ivy A. Turner

Keller Williams Realty Boston-Metro | Back Bay Listed on: 03/24/2023

Keller Williams Realty Boston-Metro | Back Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,456

Year Built

  • Built in 2003

HOA Fees

  • $495 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Parking Storage or Cabinetry
  • Heated Garage
  • Garage Door Opener
  • Deeded Parking
  • Assigned Parking

Home Design

  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 945 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Intercom

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

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 Natural Gas
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Level Entry For Accessibility
  • Energy-Efficient Thermostat
  • Balcony
  • Landscaped Professionally

Listing and Financial Details

  • Assessor Parcel Number M:45 B:C L:4 U:12,4436506

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 19 Units
  • Mid-Rise Condominium
  • Park Street Lofts Condominium Community

Amenities

  • Medical Services
  • Shops
  • Elevator

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,456

Year Built

Built in 2003

Lot Details

0

HOA Fees

$495 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2003
  • Buyer Agency: 2.5
  • Entry Level: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood, Marble
  • Interior Amenities: Internet Available - Broadband
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer, Electric Water Heater,Tank Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Unit
  • Basement: N
  • Accessibility Features: Accessible Entrance
  • Living Area: 945
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: BB5522
  • LIST PRICE PER Sq Ft: 834.92
  • PRICE PER Sq Ft: 796.83
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Balcony, Professional Landscaping
  • Common Walls: Corner
  • Home Warranty YN: No
  • Roof: Shingle, 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: Attached, Under, Garage Door Opener, Heated Garage, Storage, Deeded, Assigned

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 495
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 12
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:45 B:C L:4 U:12,4436506
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 442
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8456
  • Tax Book Number: 47608

Multi Family

  • Number Of Units Total: 19
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
Jun 15, 2023
Sold by
Sussman Gennifer
Bought by
Nesbitt Keegan M
Seller's Agent
Ivy A. Turner
Keller Williams Realty Boston-Metro | Back Bay
Buyer's Agent
Maggie Dee
Compass
List Price
$799,000
Sold Price
$753,000
Premium/Discount to List
-$46,000
-5.76%
Total Days on Market
35
Views
109
Current Estimated Value
$835,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,782
Avg. Annual Appreciation
5.67%
Original Mortgage
$602,400
Outstanding Balance
$589,452
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$246,330

Purchase Details

Closed on
Jun 12, 2006
Sold by
Park Street Lofts T and Park Steinbergh
Bought by
Sussman Gennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

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
Nesbitt Keegan M $753,000 None Available
Sussman Gennifer $397,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nesbitt Keegan M $602,400
Previous Owner Sussman Gennifer $237,000
Previous Owner Sussman Gennifer $252,000
Previous Owner Sussman Gennifer $250,694
Previous Owner Sussman Gennifer $317,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $753,000 -4.6% $797 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $789,000 -1.3% $835 / Sq Ft
03/24/2023 03/24/23 For Sale $799,000 -- $846 / 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 $8,021 $735,200 $0 $735,200
2024 $8,681 $825,200 $0 $825,200
2023 $8,456 $817,800 $0 $817,800
2022 $8,002 $786,100 $0 $786,100
2021 $8,010 $786,100 $0 $786,100
2020 $7,983 $791,200 $0 $791,200
2019 $6,107 $567,600 $0 $567,600
2018 $6,544 $578,600 $0 $578,600
2017 $6,693 $573,500 $0 $573,500
2016 $6,232 $497,400 $0 $497,400
2015 $5,657 $448,600 $0 $448,600
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73091234

MLS Property Information Network (MLS PIN)

APN: SOME-000045-C000000-000004-000012