9 months on rocket

388 Medford St Unit 1, Somerville, MA, 02145

$950,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,391 SqFt
$683/SqFt
Condo
Schools Nearby

Location

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388 Medford St Unit 1, Somerville$950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street
Year Built1920
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #73132510
StatusActive

About 388 Medford St Unit 1

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.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 1,391 SqFt

Listing Office:

  • Office Name: Labrava Realty, LLC
  • Listing Agent: Jaclyn Kryzak

Interior Features

Interior Information:

  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Off Street

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Somerville High School, Public District Grades 9-12
  • Winter Hill Community, Public District Grades PK-8
  • Arthur D Healey, Public District Grades KG-8
  • E Somerville Community, Public District Grades KG-8
  • Benjamin G Brown, Public District Grades KG-6

Other

Directions Information:

  • Directions: School Street or Sycamore Street to Medford Street OR Gilman Square T stop Greenline.

Price Information

Listing Price Info

Price Summary:

  • List Price: $950,000
  • Price Per SqFt: $683/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.5

HOA Fees:

  • Amount: $400
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Somerville, MA.

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Somerville, MA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$635

Avg. Days On Market

35

# of Sold Homes

35

388 Medford St Unit 1 vs Somerville

296 DAYS ON ROCKET

+261 Days

$950,000

-$73.7K Less

$683/SqFt

+$47 More

KEY TAKEAWAY

This property is $73.7K less than the Median Sold Price and $47/SqFt more than other homes in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73132510

Listing Office:

  • Office Name: Labrava Realty, LLC
  • Listing Agent: Jaclyn Kryzak

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/27/2024, 9:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1646269
9
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.94 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1646270
5
/10

  • Winter Hill Community

  • 115 Sycamore St

  • 0.11 miles

  • Public District Grades PK-8

school-card-donut-1646271
4
/10

  • Arthur D Healey

  • 5 Meacham St

  • 0.54 miles

  • Public District Grades KG-8

school-card-donut-1646272
4
/10

  • E Somerville Community

  • 50 Cross St

  • 0.62 miles

  • Public District Grades KG-8

High School

school-card-donut-1646273
4
/10

  • Somerville High School

  • 81 Highland Ave

  • 0.24 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,641. The majority of Somerville, MA residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 388 Medford St Unit 1

What is the listing price of this property?

The listing price of 388 Medford St Unit 1 property is $950,000.

What type of property is this?

The property 388 Medford St Unit 1 is a condo located in Somerville, Massachusetts, 02145.

Is this property for sale now?

Active Listing: 388 Medford St Unit 1 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 388 Medford St Unit 1 are:
Benjamin G Brown: GreatSchools Rating 9/10
Winter Hill Community: GreatSchools Rating 5/10
Arthur D Healey: GreatSchools Rating 4/10
E Somerville Community: GreatSchools Rating 4/10
Somerville High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 388 Medford St Unit 1 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 388 Medford St Unit 1 is 1,391 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 388 Medford St Unit 1 is 1920.

Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›388 Medford St Unit 1

This home is located at 388 Medford St Unit 1 in Somerville, MA and zip code 02145 in the Winter Hill / Magoun neighborhood. This 1,391 square foot home was built in 1920. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 06, 2023 and is currently priced at $950,000.

While more than 17 listings in Somerville, MA in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 16 were sold below. The number of homes for sale in Somerville, MA increased by 15.2% between February 2024 and March 2024. Listings spent 35 days on the market in March 2024, and had a median list price of $1,023,750 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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