NOT LISTED FOR SALE

8 Banks St Unit 1 Somerville, MA 02144

Spring Hill Neighborhood

Estimated Value: $773,000 - $1,003,000

2 Beds
1 Bath
978 Sq Ft
1915 Built

Last Sold October 07, 2016

Last sale price $600,000 $613 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,460/month

13 Days on Market

About This Home

As of October 2016

Here is your chance to own a Fabulous two bedroom condo on a gorgeous residential tree lined street nestled between Porter Square and Davis Square. This gem does not only boast location but with a Walk Score of 94, there is no denying it is amazing. Look forward to entertaining with this beautiful two bedroom condo's open concept design that features an updated kitchen that flows into the lovely dining and living rooms. A cute back porch overlooking a good size common backyard seem ideal for summer grilling and outdoor fun in the sun. Never be bored when you're steps away from Porter Square T and Commuter Rail, Shopping Center, Davis Square T, Restaurants, Shops, the Theater and much more. This home is a must see! Join us at our first open house showings on Saturday August 13 and Sunday August 14 12-2pm.

Last Agent to Sell the Property

Claudia Urquijo

Maven Realty Listed on: 08/10/2016

Last Buyer's Agent

Randall Horn

Entourage Realty LLC

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,980

Year Built

1915

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1915

Interior Features

  • Appliances: Range, Dishwasher, Washer, Dryer
  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Tile, Hardwood
  • Bedroom 2: 11X11
  • Kitchen: 11X10
  • Living Room: 11X14
  • Master Bedroom: 10X13
  • Master Bedroom Description: Flooring - Hardwood
  • Dining Room: 13X11
  • No Living Levels: 1

Exterior Features

  • Roof: Rubber
  • Exterior: Shingles, Wood
  • Exterior Unit Features: Porch

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Cooling: Window AC
  • Heating: Steam, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: 8-10 Banks Street Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Extra Storage
  • Management: Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 3
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Schools

  • Elementary School: John F. Kennedy
  • Middle School: John F. Kennedy
  • High School: Somerville High

Lot Info

  • Assessor Parcel Number: M:30 B:A L:14 U:1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2016
Closed on
Oct 7, 2016
Sold by
Finklshtein Dov and Levy-Finklshtein Moran
Bought by
Keith Kary R
Seller's Agent
Claudia Urquijo
Maven Realty
Buyer's Agent
Randall Horn
Entourage Realty LLC
List Price
$599,999
Sold Price
$600,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$868,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,192
Avg. Annual Appreciation
3.18%
Original Mortgage
$420,000
Outstanding Balance
$340,890
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$449,017

Purchase Details

Listed on
Jun 7, 2012
Closed on
Aug 14, 2012
Sold by
Kestner John and Kestner Julie S
Bought by
Finsklshtein Dov and Levy-Finsklshtein Moran
Seller's Agent
Karen Morgan
Coldwell Banker Realty - Cambridge
Buyer's Agent
Osnat Levy
eXp Realty
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.26%
Original Mortgage
$320,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2008
Sold by
Fine Elisabeth M
Bought by
Kestner John and Mcreynolds Julie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,250
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1999
Sold by
Cohen Danielj and Costa Mark A
Bought by
Fine Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,900
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 1997
Sold by
Aronson Ruth R and Basseches Michael
Bought by
Nedeljkovic Zoran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 1996
Sold by
Cooper John M and Eickholt Lynne J
Bought by
Cohen Daniel J and Costa Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,050
Interest Rate
7.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1989
Sold by
Parker Steven M
Bought by
Eickholt Lynne J
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
Keith Kary R $600,000 --
Finsklshtein Dov $400,000 --
Kestner John $359,000 --
Fine Elizabeth M $212,400 --
Nedeljkovic Zoran $168,000 --
Cohen Daniel J $159,000 --
Eickholt Lynne J $154,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keith Kary R $420,000
Previous Owner Finsklshtein Dov $320,000
Previous Owner Kestner John $269,250
Previous Owner Eickholt Lynne J $169,900
Previous Owner Eickholt Lynne J $142,800
Previous Owner Eickholt Lynne J $151,050
Previous Owner Eickholt Lynne J $133,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2016 10/07/16 Sold $600,000 0.0% $613 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $599,999 +50.0% $613 / Sq Ft
08/14/2012 08/14/12 Sold $400,000 0.0% $409 / Sq Ft
07/07/2012 07/07/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $399,900 -- $409 / 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 $7,980 $731,400 $0 $731,400
2024 $7,227 $687,000 $0 $687,000
2023 $7,039 $680,800 $0 $680,800
2022 $6,805 $668,500 $0 $668,500
2021 $6,643 $651,900 $0 $651,900
2020 $6,440 $638,300 $0 $638,300
2019 $6,577 $611,200 $0 $611,200
2018 $6,576 $581,400 $0 $581,400
2017 $5,651 $484,200 $0 $484,200
2016 $5,373 $428,800 $0 $428,800
2015 $5,411 $429,100 $0 $429,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Claudia Urquijo

    Maven Realty

    (617) 331-8803

    1 in this area

    11 Total Sales

    Claudia Urquijo
    Section Image
  • Randall Horn

    Buyer's Agent in 2016

    Randall Horn

    Entourage Realty LLC

    (781) 367-1598

    1 in this area

    66 Total Sales

    Randall Horn
    Section Image
  • Karen Morgan

    Seller's Agent in 2012

    Karen Morgan

    Coldwell Banker Realty - Cambridge

    (617) 543-6456

    4 in this area

    140 Total Sales

    Karen Morgan
    Section Image
  • Osnat Levy

    Buyer's Agent in 2012

    Osnat Levy

    eXp Realty

    (617) 833-1055

    88 Total Sales

    Osnat Levy
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72051259

MLS Property Information Network (MLS PIN)

APN: SOME-000030-A000000-000014-000001

Massachusetts Middlesex County Somerville 02140 Spring Hill

8 Banks St Unit 1, Somerville, MA

This home is located at 8 Banks St Unit 1, Somerville, MA 02144 since 10 August 2016 and is currently estimated at $868,192, approximately $887 per square foot. This property was built in 1915. 8 Banks St Unit 1 is a home located in Middlesex County with nearby schools including Somerville High School, Saint Theresa School, and St. Clement Elementary School.

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.

MLS Property Information Network (MLS PIN) 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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