NOT LISTED FOR SALE

98 Electric Ave Unit 3 Somerville, MA 02144

Estimated Value: $929,000 - $1,002,000

2 Beds
1 Bath
1,238 Sq Ft
$182/mo HOA Fee

Last Sold June 18, 2021

Last sale price $828,000 $669 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,148/month

7 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Lou Ann David Park
  • Somerville High School Rated A-

About This Home

As of June 2021

Unique loft-style penthouse conveniently located between Davis and Teele Squares. A foyer with bay windows and a built-in window seat welcomes you; upstairs, the unit reveals soaring heights and a layout that is open while still providing discrete spaces to live and work. The kitchen features stainless steel appliances and a breakfast bar, and leads out to a private balcony. The adjacent dining area has oversized convertible skylights that open fully to hint at the feeling of a Juliet balcony. In the living room, the intersecting lines of the vaulted ceilings provide visual interest, and the wall is a large canvas upon which to display your favorite artwork. The primary bedroom is a tranquil retreat, with a large closet and another vaulted ceiling. Through a set of frosted French doors, the second bedroom has access to a second private balcony. Air conditioning, in-unit washer/dryer, a large private yard, additional storage, and 2-car parking round out this special offering.

Last Agent to Sell the Property

Liz & Ellie Real Estate

Compass Listed on: 05/05/2021

Compass

Last Buyer's Agent

Ana Andreev

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,008

Year Built

  • Built in 1900

HOA Fees

  • $182 per month

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood Flooring

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:11 B:H L:4 U:3

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,008

Year Built

Built in 1900

Lot Details

0

HOA Fees

$182 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: 2/3 Family
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 637.32
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Unit Building: 3
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Flooring: Wood
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Ceiling - Cathedral, Flooring - Wood
  • Bedroom 2: On Level: Second Floor, Flooring - Wood, Balcony / Deck, French Doors
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile
  • No Rooms: 5
  • Dining Room: On Level: Second Floor, Skylight, Ceiling - Cathedral, Flooring - Wood
  • Kitchen: On Level: Second Floor, Ceiling - Cathedral, Flooring - Wood, Balcony / Deck, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove
  • Laundry: On Level: Second Floor
  • Laundry Features: In Unit
  • Living Room: On Level: Second Floor, Ceiling - Cathedral, Flooring - Wood
  • Basement: Y
  • Other Room 1: Name: Foyer, On Level: First Floor, Flooring - Wood, Window(s) - Bay/Bow/Box
  • No Living Levels: 2
  • Main Lo: AN2383
  • Main So: AN2383
  • Estimated Sq Ft: 1238.00

Exterior Features

  • Exterior: Wood
  • Exterior Unit Features: Porch, Garden Area

Garage/Parking

  • Parking Feature: Off-Street, Exclusive Parking
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, University
  • HOA Fees: 181.65
  • Association Fee Includes: Water, Sewer, Master Insurance, Snow Removal, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Lot Info

  • Assessments: 653200.00
  • Page: 141
  • Parcel Number: M:11 B:H L:4 U:3
  • Zoning: 000000000

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3201.00
  • Assessor Parcel Number: 4118078
  • Tax Year: 2021

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 18, 2021
Sold by
Greenberger Rachel
Bought by
Wesselhoeft Robert A
Seller's Agent
Liz & Ellie Real Estate
Compass
Buyer's Agent
Ana Andreev
Compass
List Price
$789,000
Sold Price
$828,000
Premium/Discount to List
$39,000
4.94%
Current Estimated Value
$957,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,333
Avg. Annual Appreciation
3.15%
Original Mortgage
$678,000
Outstanding Balance
$620,489
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$322,692

Purchase Details

Closed on
Aug 4, 2011
Sold by
Bosley Katrine S
Bought by
Greenberger Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2001
Sold by
98 Electric Ave Llc
Bought by
Bosley Katrine S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wesselhoeft Robert A $828,000 None Available
Greenberger Rachel $430,000 --
Bosley Katrine S $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wesselhoeft Robert A $678,000
Previous Owner Greenberger Rachel $170,000
Previous Owner Bosley Katrine S $175,000
Previous Owner Bosley Katrine S $284,550
Previous Owner Bosley Katrine S $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $828,000 +4.9% $669 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $789,000 -- $637 / 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 $9,008 $825,700 $0 $825,700
2024 $7,835 $744,800 $0 $744,800
2023 $7,601 $735,100 $0 $735,100
2022 $6,796 $667,600 $0 $667,600
2021 $6,656 $653,200 $0 $653,200
2020 $6,379 $632,200 $0 $632,200
2019 $6,592 $612,600 $0 $612,600
2018 $6,689 $591,400 $0 $591,400
2017 $6,514 $558,200 $0 $558,200
2016 $6,022 $480,600 $0 $480,600
2015 $5,471 $433,900 $0 $433,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72826126

MLS Property Information Network (MLS PIN)

APN: SOME-000011-H000000-000004-000003