$380,000
●
Condo -
Off Market
7 Mortimer Place #9
Somerville, MA 02145
1 Bed
1 Bath
536 Ft²
$450,105
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model
About This Property
Top floor ,quiet, sunny corner unit with gleaming hardwood floors,
granite kitchen , stainless steel appliances, hardwood floors,
deeded parking , pet friendly and 7 minute walk to the new, opening
spring 2022,Green Line T station at Gilman Square Somerville
,restaurants and shopping, easy access to Rt 93 & Assembly Square,
Encore Casino,Broadway Bus lines,Sullivan Square ,Cambridge,Kendall
Square and downtown Boston.Quiet peaceful park on same block.Heat ,
hot water, washer/dryer use ,snow removal etc included in
$356-month condo fee. Great for investors and home owners ! Best
value 1BR condo in Somerville !
Unit Size
536 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$744
Property Type
Condo
Property Taxes
$141
HOA Dues
$356
Year Built
1970
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72890046)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Sep 5, 2021 | Listed by R. S. B. Realty | $399,000 | |
| Listed by R. S. B. Realty | |||
| Nov 4, 2015 | Sold | ||
| Sold | |||
| Oct 13, 2015 | Listed by R. S. B. Realty | $269,000 | |
| Listed by R. S. B. Realty | |||
| | |||
|
Sun filled, penthouse condominium with parking! This one bedroom, corner unit has an open floor plan, oak floors throughout, great closet space, oversized bedroom and generously sized kitchen with stainless steel appliances and granite counter tops. Located on a quiet side street, next to a park and convenient to route 93, bus routes, Sullivan Station and the proposed green line stop. A fantastic home in a perfect location! First showings at the Open House this Saturday from 12 – 1:30pm and Sunday from 11 – 12:30pm.
| |||
| Aug 1, 2006 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Third
Width: 10
Length: 8
Features: Flooring - Hardwood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Stainless Steel Appliances, Peninsula, Lighting - Overhead
Area: 80
Area: 40
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Lighting - Overhead
Length: 5
Level: Third
Width: 8
Length: 12
Level: Third
Area: 168
Features: Closet, Flooring - Hardwood, Flooring - Wood, Window(s) - Picture, Open Floorplan, Lighting - Overhead, Closet - Double
Width: 14
Features: Bathroom - Full, Closet, Flooring - Hardwood, Lighting - Overhead, Closet - Double
Level: Third
Length: 10
Width: 16
Area: 160
Features: Yes
Full Bathrooms: 1
Interior Features: Internet Available - Broadband, Internet Available - DSL
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Range
Flooring Type: Wood, Tile, Laminate
Laundry Features: Common Area, In Building
Rooms: 3
Basement: N
Parking Details
Parking Features: Off Street, Deeded, Paved, Exclusive Parking
Exterior Details
Has Property Attached
Entry Level: 3
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Building Name: Mortimer Place Condominium
Structure Type: Mid-Rise, Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick, Block, Conventional (2x4-2x6)
Lead Paint: Unknown
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Zoning: res
Parcel Number: 4648226
Water Source: Public
Financial Details
Tax Assessed Value: $323,000
Tax Annual Amount: $1,686
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s), Individual
Heating Type: Central, Baseboard, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Laundry, Garden Area
Association Fee Frequency: Monthly
HOA Fee: $356
Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/04/2026
|
1 Bed
|
1 Bath
|
429 ft²
|
$320,000
1 Bed
1 Bath
429 ft²
|
$306,000
-4.38%
04/17/2026
|
The Home Group
Coldwell Banker Realty - Lynnfield
| |
|
06/12/2025
|
1 Bed
|
1 Bath
|
536 ft²
|
$419,000
1 Bed
1 Bath
536 ft²
|
$400,000
-4.53%
08/08/2025
|
Emily Gan
Boston Value Realty
| |
|
06/11/2024
|
Studio
|
1 Bath
|
429 ft²
|
$369,000
Studio
1 Bath
429 ft²
|
-
-
|
Lisa Loveland
Keller Williams - Boston - Metro
| |
|
11/15/2023
|
Studio
|
1 Bath
|
429 ft²
|
$349,000
Studio
1 Bath
429 ft²
|
-
-
|
Lisa Loveland
Keller Williams - Boston - Metro
| |
|
09/05/2021
|
1 Bed
|
1 Bath
|
536 ft²
|
$399,000
1 Bed
1 Bath
536 ft²
|
$380,000
-4.76%
11/30/2021
|
Rosanna Beauvais
R. S. B. Realty
| |
|
07/29/2021
|
1 Bed
|
1 Bath
|
536 ft²
|
$389,000
1 Bed
1 Bath
536 ft²
|
$369,000
-5.14%
08/30/2021
|
Shu Ngon Chau
Tai Tung Realty, Inc.
| |
|
11/12/2018
|
1 Bed
|
1 Bath
|
536 ft²
|
$359,000
1 Bed
1 Bath
536 ft²
|
$345,000
-3.90%
01/31/2019
|
Derek Wong
V & E Realty
| |
|
10/01/2018
|
1 Bed
|
1 Bath
|
536 ft²
|
$349,900
1 Bed
1 Bath
536 ft²
|
$335,000
-4.26%
12/28/2018
|
Matthew Newhall
Century 21 Tradition - Georgetown
| |
|
03/23/2017
|
Studio
|
1 Bath
|
429 ft²
|
$249,000
Studio
1 Bath
429 ft²
|
$250,000
+0.40%
05/01/2017
|
Keith Magnus
Hillman Homes
| |
|
10/13/2015
|
1 Bed
|
1 Bath
|
536 ft²
|
$269,000
1 Bed
1 Bath
536 ft²
|
$275,000
+2.23%
11/03/2015
|
Liz Dehler
Donnelly + Co.
| |
|
08/26/2011
|
1 Bed
|
1 Bath
|
536 ft²
|
$134,900
1 Bed
1 Bath
536 ft²
|
$132,500
-1.78%
12/21/2011
|
Erik Hook
Compass
| |
|
02/15/2010
|
1 Bed
|
1 Bath
|
536 ft²
|
$187,000
1 Bed
1 Bath
536 ft²
|
$179,000
-4.28%
05/28/2010
|
Mac Chinsomboon
Coldwell Banker Realty - Back Bay
| |
|
01/06/2010
|
1 Bed
|
1 Bath
|
536 ft²
|
$183,000
1 Bed
1 Bath
536 ft²
|
$178,000
-2.73%
02/25/2010
|
Daniel Fabbri
Century 21 Advance Realty
| |
|
09/28/2009
|
1 Bed
|
1 Bath
|
536 ft²
|
$149,900
1 Bed
1 Bath
536 ft²
|
$145,000
-3.27%
12/23/2009
|
Brian Fitzpatrick
Lamacchia Realty, Inc.
| |
|
04/22/2009
|
1 Bed
|
1 Bath
|
536 ft²
|
$185,000
1 Bed
1 Bath
536 ft²
|
$176,000
-4.86%
08/31/2009
|
Alison Belknap
Coldwell Banker Realty - Cambridge
| |
|
04/18/2007
|
1 Bed
|
1 Bath
|
428 ft²
|
$139,900
1 Bed
1 Bath
428 ft²
|
$130,000
-7.08%
07/26/2007
|
Ari Koufos
Bostex Realty
| |
|
10/13/2005
| |
Loft
|
-
|
-
|
$1,395,000
Loft
-
|
$184,000
-86.81%
07/18/2006
|
Paula Dowd
Dowd Properties
|
Building Info
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