242 Broadway

Local assessors in Somerville, MA have categorized 242 Broadway as a residential type of property. The property's lot size has been calculated to be 7,502 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 242 Broadway was last sold in May 3, 2022 for $2,598,000. Prior to that sales transaction, the property was sold for $1,560,000 in May 30, 2019. Current property owners are expected to pay $25,555 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 242 Broadway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,471,500. To break that down further, the land itself was valued at $512,800. While improvements to the property were assessed at a total of $1,958,700. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.