CCertihomes
388 Medford St #1, Somerville, MA 02145

$950,000

3 beds 2 baths 1,391 sqft Built 1920279 days on marketActive

About this home

This oversized 3 bed, sun filled condo has it all. Perfectly nestled into a residential nook of Somerville, this unit is just blocks from several parks & schools, restaurants & cafes, the community bike path, the Greenline Extension T stop (Gilman Square); a short walk to Union Square or Davis Square; and even has a parking space. 2006 gut renovation and condo conversion included laundry in unit, lots of windows for ample sunlight, hardwood floors, high ceilings, granite counter tops and stainless steel appliances in kitchen, jacuzzi bath in master bedroom, large closets in every room, private storage, and porch. Unit has lease @ $4, 200 per month until August 31st, 2025.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,652/mo

Real estate (PITI + HOA + PMI)
$6,950
Principal + interest$4,309
Property tax + insurance$1,885
HOA$400
PMI / 2nd mortgage$356
Utilities
$503
Heating + cooling$115
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$128
Car insurance + maintenance$128
Other (entertainment)
$157
$6,652/mo TLC
Budget$7,152/mo
Remaining after TLC$500/mo
Purchase price
$950,000
Down payment
$47,500 (5%)
Loan amount
$902,500
APR
4%

Quick facts

Type
Condominium
Style
Year built
1920
Lot size
Stories
1
Heating
Forced Air, Natural Gas
Cooling
Central Air
Water
Public
HOA
$400 / Monthly
Annual tax
$6,973
MLS #
73132510
County
Middlesex

At a glance

Air conditioning
Basement

Home features

Exterior
Porch
Community
Public TransportationParkBike PathPublic SchoolT-Station
Parking
Off Street
Flooring
Hardwood
Roof
Shingle
Sewer
Public Sewer

Neighborhood — 02145

MetricThis ZIPCountyUSA
Population22,2976,444,931299,088,112
Population Change Since19908.00%7.00%20.00%
Population Density16,148786
Male11,2663,127,134147,432,321
Female11,0313,317,797151,655,844
Never Married8,4441,612,88563,775,926
Married6,7492,586,314123,120,365
Separated1,042247,85712,639,686
Widowed1,046363,59415,467,586
Divorced1,218436,88823,075,029
Number Of House Hold8,2862,431,591111,826,380
Average House Hold Size2.682.562.60
Medial Age32.7237.2535.46
Median House Hold Income$48,707$57,698$48,276
Average House Hold Income$61,365$75,023$63,629
P C I$23,024$29,196$24,529
M D I$41,512$48,105$41,133
A T H E$50,173$57,083$50,898
S T R5.00%5.00%
W C J79.30%81.38%77.74%
(Zip) Code
2145

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 7/6/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.

388 Medford St #1 · Somerville — $950,000 · Certihomes