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21 Allen Street, Somerville MA 02143

$8,000,000

Estimated $54,078/month Calculator

Land

Residential

17,873 (0.41)

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

This home has been viewed 274 times

Last Checked: October 7th, 2024 at 4:34pm (Source: MLS PIN #73211304)

General Information for 21 Allen Street, Somerville MA 02143

Listing ID73211304

Price8000000

Land TypeResidential

Approx AcresApprox. 0.41 acres (17,873 SqFt)

Number of Lots

Road Frontage Type

ZoningUR

Electric220 Volts

GasAt Street

WaterPublic

SewerPublic Sewer

PERC Test

Association Required

Association Fee

Lot FeaturesGentle Sloping

Waterfront FeaturesRiver

View

Disclosures for 21 Allen Street, Somerville MA 02143

Special Listing ConditionsLender Owned

Buyer Agent Compensation1.5

Facilitator Compensation0

Financial Information for 21 Allen Street, Somerville MA 02143

Association Fee

Tax57409.4

Tax Year2024

Assessed Value$5,378,000

Contact Information for 21 Allen Street, Somerville MA 02143

Agent

Name: Ryan Taylor

Office

Name: Fortune RE

Phone: 617-874-1000

Payment Calculator

, Interest

Property Taxes 4784.12

Principal & Interest 49293.46

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fortune RE

Ryan Taylor

Agent Phone

Office Phone

(617) 874-1000

Text Agent Call Agent Call Office

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EXIT

1 More Photo