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42 Banks Street 3Somerville, MA 02144

For Sale

$850,000

Smart Buyer Rebate $4,250

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.

Listed by Maggie Dee

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Compass

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617-634-9665

Listed by Maggie Dee + Charles Cherney Team

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Compass

Last updated April 29, 2026

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Source: MLSPin #73503140

Listing Facts

  • TypeCondo
  • NeighborhoodSpring Hill
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu14
  • HOA/Maint. Fees$214/month
  • Taxes$3,843.23/year
  • Size1,044 sqft
  • Price per sqft$814

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

04/29/2026
Price Decreased
$850,000
04/16/2026
Listed by Compass
$898,000

Property Details for 42 Banks Street 3

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School, T-Station
  • Pets Allowed: Yes w/ Restrictions

Fees

  • Association Fee: $214.00 Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: 2/3 Family
  • Year Built: 1900
  • Year Built Details: Approximate,Renovated Since
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Entry Level: 3
  • Exterior Features: Deck, Garden

Features

  • Patio And Porch Features: Deck

Measurements

  • Building Area Total: 1,044
  • Building Area Units: Square Feet
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: 4828406
  • Tax Annual Amount: $3,843.23
  • Tax Assessed Value: $759,700.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Flooring: Tile, Hardwood

Measurements

  • Living Area: 1,044
  • Living Area Source: Master Deed

Rooms

  • Basement: Y
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Rooms Total: 5

Parking

Parking

  • Open Parking Spaces: 1
  • Parking Features: Off Street
  • Parking Total: 1

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Laundry Features: Third Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: For Gas Range
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 42 Banks Street 3.

Does this condo have parking?

Yes, there is 1 parking space available for 42 Banks Street 3.

Are pets allowed at 42 Banks Street?

Yes, 42 Banks Street allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 42 Banks Street 3?

Annual taxes for this condo are estimated at $3,843.

How does 42 Banks Street 3 compare to other condos in Spring Hill?

This condo is listed 1% above the average price for condos in Spring Hill and has been on the market for 28 less days than the typical home in this area.

What is the square footage on this condo?

According to the MLS, this listing is 1,044 sqft.

42 Banks Street 3 is a 2-bedroom, 1-bath condo for sale in Somerville MA 02144. Available on Prevu for 14 days at $850,000. This includes a recent price decrease of $48,000. This property features 1,044 square feet of living space, located in Spring Hill. The median listing price for condos in this area is $979,000. Property amenities include private outdoor space, dishwasher, pets allowed, air conditioning, parking, and washer/dryer. View other condo listings in Somerville.

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.