13 Richdale Ave #2, Somerville

$950,000

About 13 Richdale Ave #2, Somerville Imagine living in one of Somerville’s most desirable neighborhoods centrally located to enjoy all the amenities of city life. This beautifully renovated, upper-level condo unit is set perfectly along a quiet side street in Gilman Square. Enjoy superior walkability to public transportation or top-rated restaurants such as Sarma, Highland Kitchen, and the popular Winter Hill Brewery. The Green Line Extension project is scheduled for completion in May 2022, offering easy commuting with the new Gilman Square stop only a few steps away at the end of Richdale Ave. A flexible floorplan offers versatility with three bedrooms and a bonus room, a rare find that is ideal for accommodating an office if desired. The home was completely renovated and converted to condo units in 2018 for a ‘like-new’ feel with modern style galore and an open concept floor plan perfect for comfortable living and entertaining. Double windows in the spacious living room welcome the sunshine as the hardwood floors transition seamlessly to the stunning kitchen and dining room beyond. The chef will love the white quartz countertops, stainless steel appliances, sleek ebony European-style cabinets, sophisticated gold-tone hardware, a large breakfast bar island with a waterfall quartz countertop, gas cooking, trendy pendant lighting, a tile backsplash, hardwood floors, and a built-in microwave. The kitchen offers a pantry area providing additional storage and space for a wine fridge or coffee bar with a wall of coordinating ebony cabinetry. Outdoor living is easy in the shared backyard perfect for summertime relaxation and entertaining. The main level continues with two family bedrooms, both full of natural light with hardwood floors and ample closet space. The full bathroom on the main level is beautifully designed with a stylish white vanity, ceramic tile floor, and a tiled tub with a shower. The versatile bonus room works well as a private office for working comfortably from home. Retreat to your private, treetop paradise in the second level primary suite with a walk-in closet, recessed lighting, hardwood floors, and a vaulted ceiling for an added feeling of expansiveness. The spa-like primary bathroom has a dual sink vanity, a large skylight, and a beautifully tiled shower. Step out to the exclusive-use roof deck off the primary suite, offering a peaceful place to enjoy a summer’s breeze or sunset with delightful views of the cityscape beyond. The home is equipped with high-end technology. A Nest doorbell/camera and Nest Detect security system with door motion sensors offer added peace of mind. Nest thermostats can help reduce utility bills while the Nest fire/CO alarms offer convenience and safety. The primary suite is equipped with smart voice or app-activated lighting. There are so many exciting developments happening in the surrounding neighborhood including the extension of the Green Line adding a Gilman Square stop. Richdale Ave will have easy access to the new Green Line stop via a pedestrian connector leading to the nearby Medford Street Plaza. A planned open space is in development and will feature community-focused amenities which could include green space, bike stations, and food truck areas. The brand new, state-of-the -art Somerville High School is only steps away and offers an impressive theater/auditorium, a student-run restaurant, and auto repair bays. Walk to the public library, the YMCA, an organic grocery store, a pharmacy, vibrant Magoun Square, parks, playgrounds, and so much more. It’s the urban lifestyle you have dreamed of. I N FO R M AT IO N

Total Rooms: 6 Bedrooms: 3 Bathrooms: 2 Parking: 1 Off Street/Tandem Living Area: 1,660 Square Feet Heat/Cool: Gas Fueled Forced Air/Central Air

Year Built/Converted: 1900/2018 Condo Fee: $160-170 Monthly (Water, Sewer, Master Ins, Gardening/Gutter Cleaning Split Equally w/Unit 1) Taxes: $9,371 Grade School: Choice of 8 Middle School: Choice of 8 High School: Somerville HS

FE AT U R ES

• • • • • • •

Prime Gilman Square Location Beautifully Renovated, Two-Level Condo Steps to Green Line Extension Coming Soon Superior Walkability to Everything Open Concept Floor Plan Hardwood Floors Throughout Stunning Kitchen with Quartz Countertops, SS Appliances, Breakfast Bar Island, Sleek Ebony Cabinetry, Gas Cooking, Pantry Area w/Built-Ins • Bonus Room on Main Level Perfect as an Office

• Private Primary Suite Retreat on Second Level with Vaulted Ceiling, Walk-In Closet, and Spa-Like Bathroom with Dual Sink Vanity, Tiled Shower, and Large Skylight • Exclusive-Use Roof Deck off Master Suite • Generously-Sized Bedrooms with Ample Closet Space • In-Unit Laundry Area • Additional Storage in Basement • Shared Backyard for Outdoor Entertaining • Walk to Endless Shopping/Dining Including Top-Rated Sarma, Highland Ave Kitchen, and Winter Hill Brewery

Floor Plan

Dimensions are Approximate. Actual May Vary.

Somerville Market Summary This is an analysis of the real estate market in Somerville. (Condo) I N V ENTO RY

Inventory levels can be used to show us the ‘health’ of the real estate market in a town. If an inventory level graph shows seasonal fluctuations, then we know that the market is ‘healthy’ and showing normal activity. If seasonal fluctuations are not obvious then what we are seeing is an ‘unhealthy’ market where foreclosures and short sales have cluttered and hidden the normal trends of the market. Price trends can be learnt from inventory level data – in a ‘healthy’ market with demand greater than supply, prices tend to move up. In an ‘unhealthy’ market where supply far outstrips demand then the trend on prices is down. This follows the normal Supply and Demand market dynamics.

AV E R AG E H O M E P R IC E S

High demand leads to appreciating prices, and average home prices in many towns in Massachusetts are higher than we saw in the prior peak of the market in 2005-2006.

S A L ES D IS T R IB U T IO N

By reviewing the price distribution data for a given town you can get an overview of the price characteristics within that town. For example, if you had 1 million dollars to spend, and the price band data showed you that only 3% of homes sold each year were in the million-dollar price band then that tells you a totally different story than one where you can see that 60% of the homes sold were in this price range. Average prices can tell you a certain amount, but to see the spread of how many homes within a given price band compared to other price bands within the town tells you a significant story.

S A L E P R IC E TO LIS T PRIC E R AT IO

By reviewing the sold to original list price ratio you can get a very good understanding of the health of the real estate market in a town, and the cyclical nature of sales in the town. The number of homes sold, along with the average percentage of the original list price to sales price data, gives you a snapshot over the last 12 months of important data related to the real estate market in a town. It is important to note that the reported data is approximately 6-8 weeks behind the actual event of the home going under agreement.

Based on information provided to and compiled by MLS Property Information Network, Inc. covering the period Jan 2001 through Dec 2021.

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