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42 Banks Street # 3, Somerville MA 02144

Somerville, MA 02144
$850,000
Est. $5,032/month
2
Beds
1
Baths
1,044
Sq Ft
$814
Price/Sq Ft
1900
Year Built
26
Days on Market
Pending Price Drop -$48,000 Listed Apr 16, 2026 • MLS# 73503140 Copied!

About this home

OPEN HOUSE CANCELED *Seller accepted offer* Perched above the trees in a prime Porter Square location, this top-floor two-bedroom home offers an ideal city retreat. Cathedral ceilings and skylights fill the residence with natural light, creating an airy feel throughout. The living and dining areas flow seamlessly to a private deck — perfect for morning coffee or al fresco dining with a view. A well-appointed kitchen connects easily, while remaining distinct from the main living space. A large primary bedroom with generous closet and an inviting second bedroom with extra storage make for flexible living options. Additional highlights include central A/C; hardwood floors; in-unit laundry; dedicated storage; and off-street parking for one car. Recent updates include a new roof (2025) and full lead compliance. Located just two blocks to Porter Square (Red Line & commuter rail), with convenient access to shops, dining, Davis Square, Mass Ave, and the Somerville Community Path.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,044 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,044 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck, Garden
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Features Off Street
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $3,843
Assessed Value $759,700

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2010
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck, Garden
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Location

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Neighborhood

42 Banks Street # 3, Somerville MA 02144

Somerville, MA 02144

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $320
Homeowners Insurance $200
HOA Fee $214/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1
Price Changes
5.3%
Price Range

Property Timeline

📋
Status: Active under contract
May 2, 2026
Active → Active Under Contract
Pending Sale
May 2, 2026
Offer accepted, sale pending
Price Reduced
Apr 29, 2026
$850,000 $48,000 (-5.35%)
From $898,000 to $850,000 (-5.3%)
🏠
Listed for Sale
Apr 16, 2026
$898,000
Original listing
Agent: Maggie Dee + Charles Cherney Team Office: Compass

Price & Status History

Date Event Price Change
May 2, 2026 Status: Active under contract $0
Apr 29, 2026 Price Changed $850,000 -$48,000
Apr 16, 2026 New Listing Added $898,000

Market Statistics

Days on Market
26 days
Price per Sq Ft
$814
Total Price Drop
-$48,000

Tax History

Year Taxes Assessment
2026 $3,843 $759,700

Financial Details

Annual Property Tax
$3,843
Tax Year 2026
HOA Fee
$214
Monthly
Assessed Value
$759,700

Listing Information

Listing Agent Maggie Dee + Charles Cherney Team
Listing Office Compass
Agent MLS ID TM355402
Office MLS ID AN2606
Listing Data Updated May 13, 2026 4:11 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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