NOT LISTED FOR SALE

5 Tannery Brook Row Unit 3 Somerville, MA 02144

Davis Square Neighborhood

Estimated Value: $792,272 - $954,000

1 Bed
1 Bath
962 Sq Ft
1895 Built

Last Sold April 06, 2015

Last sale price $535,000 $556 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,108/month

45 Days on Market

About This Home

As of April 2015

Rare to Somerville-Cambridge market, this true loft in an adapted use late 19th century wood post & beam building was redesigned for a great sense of airiness and contemporary style. Building Five is located in an enclave of several historic loft buildings, just a few steps to the Minuteman Bikeway & the Redline T, right in the heart of Davis Square, yet tucked on a little side street. The private entrance to the loft is also a deck w/room for table & chairs. The layout is completely open with just 2 posts, but new owner could build out room dividers. The Valcucine cherry kitchen has stainless steel counters and glass/metal trimmed upper cabinets. A full custom designed pantry closet extends the storage for the kitchen. There is a large custom walk-in closet & entry closet. The bathroom features an open outer double vanity area & ceramic tiled bathroom with long soaking tub and frosted glass door & internal window. There is a large, locked storage area in the basement.

Last Agent to Sell the Property

Louise Olson

Berkshire Hathaway HomeServices Robert Paul Properties Listed on: 01/21/2015

Berkshire Hathaway HomeServices Robert Paul Properties

Last Buyer's Agent

Steve Novak

Douglas Elliman Real Estate - Park Plaza

Douglas Elliman Real Estate - Park Plaza

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,022

Year Built

1895

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Street, Corner
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1895

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 3
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Bike Path, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors, Prog. Thermostat
  • Flooring: Wood, Tile, Hardwood
  • Insulation: Full
  • Interior Amenities: Cable Available
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Closet - Walk-in, Flooring - Hardwood
  • Dining Room: First Floor

Exterior Features

  • Construction: Post & Beam
  • Exterior: Clapboard, Wood
  • Exterior Unit Features: Deck, Screens

Garage/Parking

  • Parking: Off-Street, On Street Permit, Exclusive Parking
  • Parking Spaces: 1

Utilities

  • Hot Water: Electric, Tank
  • Utility Connections: for Gas Range, for Electric Dryer

Condo/Co-op/Association

  • Condominium Name: Building Five Lofts
  • Association Fee Includes: Water, Sewer, Master Insurance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Reserve Funds
  • Association Pool: No
  • Management: Professional - Off Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 9
  • Unit Building: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2021
Sold by
Sparrow Benjamin
Bought by
Kimsal Matthew B
Current Estimated Value
$848,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$721,715
Outstanding Balance
$664,055
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$184,013

Purchase Details

Listed on
Jan 21, 2015
Closed on
Apr 6, 2015
Sold by
Brennan Lindsay P
Bought by
Sparrow Benjamin
Seller's Agent
Louise Olson
Berkshire Hathaway HomeServices Robert Paul Properties
Buyer's Agent
Steve Novak
Douglas Elliman Real Estate - Park Plaza
List Price
$560,000
Sold Price
$535,000
Premium/Discount to List
-$25,000
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$401,250
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 19, 2008
Sold by
Building 5 Lofts Llc
Bought by
Brennan Lindsay P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Kimsal Matthew B $750,000 None Available
Sparrow Benjamin $535,000 --
Brennan Lindsay P $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kimsal Matthew B $721,715
Previous Owner Sparrow Benjamin $401,250
Previous Owner Brennan Lindsay P $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2015 04/06/15 Sold $535,000 0.0% $556 / Sq Ft
03/07/2015 03/07/15 Pending -- -- --
02/23/2015 02/23/15 Off Market $535,000 -- --
02/10/2015 02/10/15 Price Changed $545,000 -2.7% $567 / Sq Ft
01/21/2015 01/21/15 For Sale $560,000 -- $582 / 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 $8,022 $735,300 $0 $735,300
2024 $7,735 $735,300 $0 $735,300
2023 $7,539 $729,100 $0 $729,100
2022 $7,378 $724,800 $0 $724,800
2021 $7,153 $702,000 $0 $702,000
2020 $7,088 $702,500 $0 $702,500
2019 $6,779 $630,000 $0 $630,000
2018 $6,787 $600,100 $0 $600,100
2017 $6,061 $519,400 $0 $519,400
2016 $7,033 $561,300 $0 $561,300
2015 $6,347 $503,300 $0 $503,300
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Louise Olson

    Berkshire Hathaway HomeServices Robert Paul Properties

    (617) 470-5077

    6 Total Sales

    Louise Olson
    Section Image
  • Steve Novak

    Buyer's Agent in 2015

    Steve Novak

    Douglas Elliman Real Estate - Park Plaza

    (617) 955-2224

    1 in this area

    47 Total Sales

    Steve Novak
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71786295

MLS Property Information Network (MLS PIN)

APN: SOME-000017-A000000-000025-B000000-3

Massachusetts Middlesex County Somerville 02140 Davis Square

5 Tannery Brook Row Unit 3, Somerville, MA

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