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40 Highland Ave APT 8, Somerville, MA, 02143

3beds
1baths
1,370sqft
$499,900
$365price/sqft
$3,429/moest. monthly cost
$137,160/yrincome needed

About This Home

Stop renting! Grab 2 friends and check out this 3 bedroom newly renovated unit on one level in a great location right off highway, minutes to Gilman square greenline and a few blocks from Inman Square! The open concept kitchen great for entertaining with new white shaker cabinets, quartz counters with breakfast bar that can fit 2-3 stools. The dining area is perfect for full size table with beautiful natural oak buffet for extra storage and entertaining needs. Next is the livingroom with cozy new fireplace with tv above which swivels in case you want to watch your favorite show while prepping meals. The three nice sized bedrooms have decent sized closets and lots of window for bright airy faell! No more trips to the laundromat or having to take stairs with laundry since hookups are in the unit! Extra storage off kitchen and finally, the common outdoor space is perfect for outdoor grilling and summer get togethers! Low condo fee just adds to the value here. Vacant and ready to g

Getting Around

91
WalkingWalker's Paradise
82
TransitExcellent Transit
87
BikeVery Bikeable

Schools

6/10
Somerville High SchoolGrades 9-120.1 mi

Construction

Condition

  • Year built: 1895

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 1,370
  • Common walls with other units/homes: End Unit,Corner,No One Below

Heating & Cooling

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

Interior Area

  • Total structure area: 1,370
  • Total interior livable area: 1,370 sqft

Property

Details

  • Parcel number: M:72 B:F L:6 U:408,4647443
  • Zoning: res

Features

  • Entry location: Unit Placement(Street,Garden)

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,527$30,324
Home Insurance *$101$1,212
Property Taxes $447$5,364
Electricity $354$4,259
Total$3,429$41,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,565/yr
40% on housing$102,870/yr
45% on housing$91,440/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$365This listing

vs Other Active Listings

Avg $/sqft

ZIP 02143$567
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02143$805
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-11Price change$574,900
2026-04-22Listed for sale$599,900
2025-09-30Sold$356,000
2007-05-16Sold$220,000

For Sale by Agent

AgentMaria Mainini
BrokerageJDS Realty Group

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