$680,000
SOLD MAY 24, 2016

97 Electric Ave Unit 3 Somerville, MA 02144

2 Beds
1 Bath
1,250 Sq Ft
1900 Built

Recently Sold

$544 Per Sq Ft

25% Above List Price

7 Days on Market

About This Home

As of March 2021

Lovely top floor two bedroom with cathedraled ceilings and substantial updates, just one block to Teele Square and 0.6mi to the Davis Square Red Line T station. The open living and dining rooms are accented by lofted ceilings with exposed beams and skylights, oak floors, and custom niches designed for storage and display. Updated in 2010, the open kitchen features Caesarstone quartz countertops, flat front wood cabinetry, stainless steel appliances, and a tiled floor. Renovated windowed bath with tiled tub/shower surround and pedestal sink. Master bedroom with cathedraled ceiling, oak floors, and wide closet with additional storage closets above. In-unit laundry, private basement and rear hall storage. Common patio, off-street parking. So good!

Last Agent to Sell the Property

Robin Kelly

Coldwell Banker Realty - Cambridge Listed on: 03/30/2016

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

Steve Rankin

Real Broker MA, LLC

Real Broker MA, LLC

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%
Total Days on Market
7
Current Estimated Value
$845,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,146
Avg. Annual Appreciation
3.42%
Original Mortgage
$470,000
Outstanding Balance
$426,081
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$403,564

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Condominium Deed $720,000 None Available
Not Resolvable $680,000 --
Deed $395,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $470,000 Purchase Money Mortgage
Previous Owner $532,000 Unknown
Previous Owner $316,000 Purchase Money Mortgage
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71979571

MLS Property Information Network (MLS PIN)

APN: SOME-000011-I000000-000025-000003