NOT LISTED FOR SALE

97 Prospect St Unit 3 Somerville, MA 02143

Estimated Value: $1,780,000 - $1,858,000

3 Beds
2.5 Baths
1,838 Sq Ft
$676/mo HOA Fee

Last Sold May 23, 2024

Last sale price $1,800,000 $979 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,026/month

40 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Elevator
  • Somerville High School Rated A-
  • Covered Patio or Porch
  • Fenced Yard

About This Home

As of May 2024

Rare and wonderful flat with private fenced yard and covered porch. Nearly 2000sf on a single level with open spaces and oversized rooms. Quietly positioned in the rear of the building and surrounded on three sides with abundant natural light. Built in 2014, Prospect 97 is a boutique luxury building with 100% owner occupancy, massive windows and oversized volumes. Main suite features 4-piece spa bath with large walk in shower and freestanding tub. Heated underground garage with EV charger, 70sf private workshop, and bike station. The sunset porch overlooks a sunny green yard. Easily create a 4th bedroom by dividing one of the bedrooms into two rooms. Perfectly situated in between cozy Inman square and booming Union Square. Less than a mile to Harvard, MIT, Kendall & Central Squares.

Last Agent to Sell the Property

Currier, Lane & Young

Compass Listed on: 03/28/2024

Compass

Last Buyer's Agent

Hans Nagrath

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,986

Year Built

  • Built in 2014

Lot Details

  • Fenced Yard
  • Security Fence
  • Garden

HOA Fees

  • $676 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Parking Storage or Cabinetry
  • Workshop in Garage
  • Garage Door Opener
  • Deeded Parking
  • Assigned Parking

Interior Spaces

  • 1,838 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Wood Flooring
  • Intercom
  • Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered Deck
  • Covered Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Hydro-Air Heating System
  • 100 Amp Service

Additional Features

  • Level Entry For Accessibility
  • Energy-Efficient Thermostat

Listing and Financial Details

  • Assessor Parcel Number 4936388

Community Details

Overview

  • Association fees include insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 7 Units
  • Mid-Rise Condominium

Amenities

  • Shops
  • Elevator

Recreation

  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,986

Year Built

Built in 2014

Lot Details

0

HOA Fees

$676 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise, Loft
  • Year Built: 2014
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 2.5%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Oven, Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer, Range Hood
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Master Bathroom Features: Yes
  • Laundry Features: In Unit
  • Basement: Y
  • Accessibility Features: Accessible Entrance
  • Living Area: 1838
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 979.33
  • PRICE PER Sq Ft: 979.33
  • MAIN SO: AN2383
  • Insulation: Full

Exterior Features

  • Exterior Features: Porch, Covered Patio/Deck, Balcony, Fenced Yard, Garden
  • Fencing: Security, Fenced
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Covered
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Attached, Under, Garage Door Opener, Storage, Workshop in Garage, Deeded, Assigned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Hydro Air
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 676
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 3
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: 4936388
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 0
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12986
  • Tax Book Number: 0

Multi Family

  • Number Of Units Total: 7
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 29, 2024
Sold by
Barrett Steven R and Lee Noori
Bought by
Carla Kimball Htge T No 1 and Kimball
Seller's Agent
Currier, Lane & Young
Compass
Buyer's Agent
Hans Nagrath
Compass
List Price
$1,785,000
Sold Price
$1,800,000
Premium/Discount to List
$15,000
0.84%
Views
29
Current Estimated Value
$1,818,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,418
Avg. Annual Appreciation
0.82%

Purchase Details

Listed on
Jun 24, 2021
Closed on
Sep 14, 2021
Sold by
Randolph Brett W
Bought by
Barrett Steven R and Lee Noori
Seller's Agent
Laurence Majerus
Coldwell Banker Realty - Cambridge
Buyer's Agent
Currier, Lane & Young
Compass
List Price
$1,689,000
Sold Price
$1,600,000
Premium/Discount to List
-$89,000
-5.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%
Original Mortgage
$1,140,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 21, 2020
Closed on
Jun 17, 2020
Sold by
Wright Alexander and Reny Christine
Bought by
Randolph Brett W
Seller's Agent
Lauren Holleran Team
Gibson Sotheby's International Realty
Buyer's Agent
Laurence Majerus
Coldwell Banker Realty - Cambridge
List Price
$1,470,000
Sold Price
$1,676,000
Premium/Discount to List
$206,000
14.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.73%

Purchase Details

Closed on
Apr 17, 2015
Sold by
Art Of Building Llc
Bought by
Reny Christine and Wright Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Carla Kimball Htge T No 1 $1,800,000 None Available
Carla Kimball Htge T No 1 $1,800,000 None Available
Barrett Steven R $1,600,000 None Available
Barrett Steven R $1,600,000 None Available
Randolph Brett W $1,676,000 None Available
Randolph Brett W $1,676,000 None Available
Reny Christine $999,000 --
Reny Christine $999,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barrett Steven R $1,140,000
Previous Owner Barrett Steven R $300,000
Previous Owner Barrett Steven R $50,000
Previous Owner Wright Alexander $1,300,000
Previous Owner Wright Alexander $800,000
Previous Owner Reny Christine $645,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2024 05/23/24 Sold $1,800,000 0.0% $979 / Sq Ft
05/08/2024 05/08/24 Pending -- -- --
04/18/2024 04/18/24 Price Changed $1,800,000 +0.8% $979 / Sq Ft
04/18/2024 04/18/24 For Sale $1,785,000 0.0% $971 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $1,785,000 +11.6% $971 / Sq Ft
09/14/2021 09/14/21 Sold $1,600,000 -5.3% $871 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $1,689,000 +0.8% $919 / Sq Ft
06/24/2020 06/24/20 Sold $1,676,000 +14.0% $912 / Sq Ft
04/26/2020 04/26/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $1,470,000 -- $800 / 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 $17,308 $1,586,400 $0 $1,586,400
2024 $16,864 $1,603,000 $0 $1,603,000
2023 $16,606 $1,606,000 $0 $1,606,000
2022 $15,616 $1,534,000 $0 $1,534,000
2021 $12,191 $1,196,400 $0 $1,196,400
2020 $11,961 $1,185,400 $0 $1,185,400
2019 $11,566 $1,074,900 $0 $1,074,900
2018 $11,553 $1,021,500 $0 $1,021,500
2017 $11,641 $997,500 $0 $997,500
2016 $11,501 $917,900 $0 $917,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73217125

MLS Property Information Network (MLS PIN)

APN: SOME-000083-F000000-000008-000003