NOT LISTED FOR SALE

70 Prospect St Unit 501 Somerville, MA 02143

Prospect Hill Neighborhood

Estimated Value: $1,048,000 - $1,292,000

2 Beds
2 Baths
1,176 Sq Ft
$1,014/Sq Ft Est. Value

Last Sold November 02, 2017

Last sale price $925,000 $787 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $7,264/month

Highlights

  • Medical Services
  • 9,999 Sq Ft lot
  • Property is near public transit
  • Somerville High School Rated A-
  • Deck
  • Balcony

About This Home

As of February 2024

Location, Location, Location!!! Gorgeous 2 bed 2 bath penthouse in the heart of vibrant Union Square with 9 feet high ceilings, oversized windows, assigned heated garage parking space, Private balcony, common roof deck with amazing views of Downtown Boston! Magnificent granite kitchen with breakfast bar, stainless steel appliances and gas range opens nicely to the sunny living room and dining room large windows. Spacious primary suite with great closet space, en suite bath and views of the City. Large 2nd bedroom has its own beautiful full bath with granite vanity and w/ample closet space. Enjoy single level living in a professionally managed elevator building, open floor plan, in-unit laundry and maple hardwood flooring throughout. Additional features include storage unit in the hallway, bike storage, NEST thermostat, central air. Close to Green Line MBTA stop, Union & Inman Sq. Easy access to 93 North and South. Brokers fee to be paid by prospective tenant.

Last Agent to Rent the Property

Oriana Van Daele

Compass Listed on: 02/03/2024

Compass

Co-Listed By

Christopher Brooks

Compass

Last Renter's Agent

Oriana Van Daele

Compass Listed on: 02/03/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 9,999 Sq Ft Lot

Parking

  • 1 Car Parking Space

Home Design

  • 1,176 Sq Ft Home
  • Apartment
  • Entry on the 5th floor

Kitchen

  • Microwave
  • ENERGY STAR Qualified Dishwasher
  • ENERGY STAR Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $4,200
  • Property Available on 4/1/24
  • Rent includes water, sewer, trash collection, snow removal, gardener, occupancy only, parking
  • Assessor Parcel Number 5038253

Community Details

Overview

  • Property has a Home Owners Association

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Available Date: 2024-04-01
  • Lease Term: Lease Terms(Long),Term of Rental(18)
  • Available Now: No
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: No
  • REFERENCES REQD: Yes
  • SEC DEPOSIT: 4200

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Year Built: 2017
  • Entry Level: 5
  • Year Built Details: Actual
  • Year Round: Yes
  • CoOp Comp: 50/50
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator
  • Fireplace YN: No
  • Appliances: Disposal,Microwave,Refrigerator,ENERGY STAR Qualified Dryer,ENERGY STAR Qualified Dishwasher,ENERGY STAR Qualified Washer,Range - ENERGY STAR
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Master Bathroom Features: Yes
  • Laundry Features: In Unit
  • Accessibility Features: No
  • Living Area: 1176
  • Other Equipment: Intercom
  • Spa YN: No
  • MAIN LO: AN2383
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Deck - Roof, Balcony
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof
  • Waterfront YN: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling Y N: Yes
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, Public School, T-Station, University
  • Rent Includes: Water, Sewer, Trash Collection, Snow Removal, Gardener, Occupancy Only, Parking
  • Senior Community YN: No

Lot Info

  • Parcel Number: 5038253
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 9999
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2017
Closed on
Nov 2, 2017
Sold by
70 Prospect Street Llc
Bought by
Graves Christopher M
Seller's Agent
Lisa Drapkin
Compass
Buyer's Agent
Laurie Crane
Gibson Sotheby's International Realty
List Price
$875,000
Sold Price
$925,000
Premium/Discount to List
$50,000
5.71%
Current Estimated Value
$1,192,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,404
Avg. Annual Appreciation
3.18%
Original Mortgage
$598,000
Outstanding Balance
$500,830
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$691,574
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Graves Christopher M $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graves Christopher M $598,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2024 02/28/24 Rented $4,200 0.0% --
02/19/2024 02/19/24 Under Contract -- -- --
02/03/2024 02/03/24 For Rent $4,200 0.0% --
11/02/2017 11/02/17 Sold $925,000 +5.7% $787 / Sq Ft View Prior Sale
08/26/2017 08/26/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $875,000 -- $744 / 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 $11,908 $1,091,500 $0 $1,091,500
2024 $11,210 $1,065,600 $0 $1,065,600
2023 $10,921 $1,056,200 $0 $1,056,200
2022 $10,344 $1,016,100 $0 $1,016,100
2021 $10,354 $1,016,100 $0 $1,016,100
2020 $9,707 $962,000 $0 $962,000
2019 $9,179 $853,100 $0 $853,100
Source: Public Records

Agents Affiliated with this Home

  • Lisa Drapkin

    Seller's Agent in 2017

    Lisa Drapkin

    Compass

    (617) 930-1288

    1 in this area

    69 Total Sales

    Lisa Drapkin
    Section Image
  • Laurie Crane

    Buyer's Agent in 2017

    Laurie Crane

    Gibson Sothebys International Realty

    (617) 866-8865

    27 Total Sales

    Laurie Crane
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73199148

MLS Property Information Network (MLS PIN)

APN: SOME-83 B 1 501

Massachusetts Middlesex County Somerville 02143 Prospect Hill

70 Prospect St Unit 501, Somerville, MA

Not Listed for Sale

MultiFamily

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