NOT LISTED FOR SALE

7 Richardson Terrace Unit 1 Somerville, MA 02145

Magoun Square Neighborhood

Estimated Value: $874,000 - $1,010,000

2 Beds
1 Bath
900 Sq Ft
$1,053/Sq Ft Est. Value

Highlights

  • Porch
  • Somerville High School Rated A-
  • 3-minute walk to Henry O. Hansen Park

About This Home

As of August 2020

Charming Two-Bedroom on a Private Terrace Near Magoun Square? Nestled just steps from Magoun Square, this sun-filled two-bedroom residence offers the perfect blend of convenience and privacy. The property boasts a spacious updated kitchen with a small center island, stainless steel appliances, exclusive laundry facilities in the basement, ample basement storage, and two equally sized bedrooms. A designated outdoor space with a gas grill is also available for your enjoyment.There is limited parking on terrace, but residents will have access to Somerville permit parking with their lease, and the property is located .3 miles from the new Green Line Extension and less than a mile from Davis Sq. (Redline T Station), providing effortless access to public transportation. With easy access to Rt 93, commuting and exploring the surrounding area is a breeze. Please note that this property does not allow pets.

Last Agent to Rent the Property

Kelly Bruno

Compass Listed on: 07/13/2020

Compass

Last Renter's Agent

Kelly Bruno

Compass Listed on: 07/13/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,271

Year Built

  • 1915

Lot Details

  • 3,049

Kitchen

  • Range
  • Freezer
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Additional Features

  • Porch
  • Heating System Uses Gas
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:32 B:D L:28

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,271

Year Built

1915

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Deposit Required: Yes
  • First Mon Reqd: Yes
  • References Reqd: Yes
  • Rental Terms: Lease
  • Date Available: 09/01/2020
  • Rent Fee Includes: Hot Water, Water, Sewerage Disposal, Laundry Facilities
  • Sec Deposit: 1150.00

Listing Details

  • Property Type: Rental
  • Rental Type: Apartment
  • List Price Per Sq Ft: 2.56
  • Lead Paint: Certified Treated
  • Unit Building: 1
  • Unit Level: 1
  • CoOp Comp: 50%
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1915

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Rooms: 4
  • Basement: Y
  • Main Lo: AN2383
  • Main So: AN2383
  • Estimated Sq Ft: 900.00

Exterior Features

  • Exterior Features: Porch

Utilities

  • Heating: Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, T-Station, University

Lot Info

  • Lot Size: 3000.00
  • Parcel Number: M:32 B:D L:28

Tax Info

  • Assessor Parcel Number: 751872

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bruno Kelly A $80,000
Closed Bruno Kelly A $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2024 11/29/24 Off Market $3,000 -- --
09/27/2024 09/27/24 For Rent $3,000 +30.4% --
08/08/2020 08/08/20 Under Contract -- -- --
08/03/2020 08/03/20 Rented $2,300 0.0% --
07/26/2020 07/26/20 Price Changed $2,300 -3.2% $3 / Sq Ft
07/13/2020 07/13/20 For Rent $2,375 +3.3% --
06/21/2019 06/21/19 Rented $2,300 -2.1% --
06/19/2019 06/19/19 For Rent $2,350 -- --
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 $8,271 $758,100 $391,300 $366,800
2024 $7,772 $738,800 $391,300 $347,500
2023 $7,579 $733,000 $391,300 $341,700
2022 $6,977 $685,400 $372,600 $312,800
2021 $6,627 $650,300 $354,900 $295,400
2020 $6,365 $630,800 $341,200 $289,600
2019 $5,714 $531,000 $289,700 $241,300
2018 $5,831 $515,600 $279,400 $236,200
2017 $5,409 $463,500 $260,500 $203,000
2016 $4,944 $394,600 $180,200 $214,400
2015 $4,682 $371,300 $160,700 $210,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72690328

MLS Property Information Network (MLS PIN)

APN: SOME-000032-D000000-000028