NOT LISTED FOR SALE

97 Electric Ave Unit 3 Somerville, MA 02144

Estimated Value: $872,000 - $928,000

2 Beds
1 Bath
1,250 Sq Ft
$288/mo HOA Fee

Last Sold March 19, 2021

Last sale price $720,000 $576 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,838/month

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • 4-minute walk to Lou Ann David Park
  • Somerville High School Rated A-

About This Home

As of March 2021

Lovely top floor 2 BR unit in a renovated and very well-run three family owner occupied home in Teele Square, very close to Davis Square and Tufts. Great curb appeal. Lofty, open living room and dining room with exposed collar ties, skylights, tree-top views, and built-ins. Cook's kitchen with SS appliances, quartz counter tops, maple cabinets, and undermount lighting. Spacious master bedroom with a vaulted ceiling, two closets, and additional storage above closets. Oak floors (tile in kitchen and bathroom), insulated windows, a lovely tiled bathroom with pedestal sink, in-unit laundry, storage in basement. A wonderful common patio and grilling area with landscaped grounds, and one off-street parking space in the driveway (tandem).

Last Agent to Sell the Property

David Shorey

Real Broker MA, LLC Listed on: 02/15/2021

Real Broker MA, LLC

Co-Listed By

Steve Rankin

Real Broker MA, LLC

Last Buyer's Agent

Doug Hills

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,760

Year Built

  • Built in 1900

Lot Details

  • Year Round Access

HOA Fees

  • $288 per month

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,760

Year Built

Built in 1900

Lot Details

0

HOA Fees

$288 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 543.20
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 3
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Flooring: Wood, Tile
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Rooms: 5
  • Laundry Features: In Unit
  • Basement: Y
  • No Living Levels: 1
  • Main Lo: AN2383
  • Main So: AN2383
  • Estimated Sq Ft: 1250.00

Exterior Features

  • Construction: Frame
  • Roof Material: Slate, Rubber
  • Exterior: Clapboard, Wood
  • Exterior Unit Features: Patio, Garden Area, Gutters

Garage/Parking

  • Parking Feature: Off-Street, Tandem
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Cooling: Window AC
  • Heating: Steam, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Electric Range, for Electric Oven, for Electric Dryer

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Laundromat, Public School, T-Station, University
  • HOA Fees: 287.93
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Extra Storage, Garden Area, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Lot Info

  • Assessments: 626700.00
  • Zoning: Res

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 2988.00
  • Assessor Parcel Number: 4118070
  • Tax Year: 2020

Multi Family

  • No Units: 3
  • No Units Owner Occ: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2021
Closed on
Mar 19, 2021
Sold by
Simon Lisa and Tobey Matthew L
Bought by
Venkatesh Anjali and Morell-Pacheco Gabriel G
Seller's Agent
David Shorey
Real Broker MA, LLC
Buyer's Agent
Doug Hills
Compass
List Price
$679,000
Sold Price
$720,000
Premium/Discount to List
$41,000
6.04%
Current Estimated Value
$899,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,948
Avg. Annual Appreciation
4.73%
Original Mortgage
$470,000
Outstanding Balance
$426,081
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$457,406

Purchase Details

Listed on
Mar 30, 2016
Closed on
May 24, 2016
Sold by
Dubach John M and Rutenbeck Liza R
Bought by
Tobey Matthew L and Simon Lisa
Seller's Agent
Robin Kelly
Coldwell Banker Realty - Cambridge
Buyer's Agent
Steve Rankin
Real Broker MA, LLC
List Price
$545,000
Sold Price
$680,000
Premium/Discount to List
$135,000
24.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.19%
Original Mortgage
$532,000
Interest Rate
3.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 2010
Sold by
Schniewind Helena Louise
Bought by
Dubach John Matthew and Rutenbeck Liza R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.12%
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
Venkatesh Anjali $720,000 None Available
Tobey Matthew L $680,000 --
Dubach John Matthew $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venkatesh Anjali $470,000
Previous Owner Tobey Matthew L $532,000
Previous Owner Dubach John Matthew $316,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $720,000 +6.0% $576 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $679,000 -0.1% $543 / Sq Ft
05/24/2016 05/24/16 Sold $680,000 +24.8% $544 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $545,000 -- $436 / 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 $7,760 $711,300 $0 $711,300
2024 $7,332 $697,000 $0 $697,000
2023 $7,113 $687,900 $0 $687,900
2022 $6,737 $661,800 $0 $661,800
2021 $6,598 $647,500 $0 $647,500
2020 $6,323 $626,700 $0 $626,700
2019 $6,532 $607,100 $0 $607,100
2018 $6,630 $586,200 $0 $586,200
2017 $6,459 $553,500 $0 $553,500
2016 $5,996 $478,500 $0 $478,500
2015 $5,306 $420,800 $0 $420,800
Source: Public Records

Agents Affiliated with this Home

  • David Shorey

    Seller's Agent in 2021

    David Shorey

    Real Broker MA, LLC

    (781) 962-4028

    150 Total Sales

    David Shorey
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Steve Rankin

    Real Broker MA, LLC

    Section Image
  • Doug Hills

    Buyer's Agent in 2021

    Doug Hills

    Compass

    (617) 863-2317

    32 Total Sales

    Doug Hills
    Section Image
  • Robin Kelly

    Seller's Agent in 2016

    Robin Kelly

    Coldwell Banker Realty - Cambridge

    (617) 852-3776

    28 Total Sales

    Robin Kelly
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72785902

MLS Property Information Network (MLS PIN)

APN: SOME-000011-I000000-000025-000003

Massachusetts Middlesex County Somerville 02144

97 Electric Ave Unit 3, Somerville, MA

This home is located at 97 Electric Ave Unit 3, Somerville, MA 02144 since 15 February 2021 and is currently estimated at $899,948, approximately $719 per square foot. This property was built in 1900. 97 Electric Ave Unit 3 is a home located in Middlesex County with nearby schools including Somerville High School, St. Clement Elementary School, and International School of Boston.

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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