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21 Allen Street, Somerville MA 02143

$8,000,000

Estimated $54,077.58/month Calculator

Land

Residential

17,873 SqFt (0.41 acres)

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 218 times

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

General Information for 21 Allen Street, Somerville MA 02143

Listing ID73211304

Price$8,000,000

Land TypeResidential

Approx AcresApprox. 0.41 acres (17,873 SqFt)

Number of Lots

Approximate Street Frontage

Road Frontage Type

ZoningUR

ElectricAt Street

GasAt Street

WaterPublic

SewerPublic Sewer

Cultivation AcresNone

Pasture AcresNone

Timber AcresNone

PERC Test

PERC Test DateUnknown

AssociationNo

Association Required

Association Fee$0

Lot FeaturesLevel, Cleared

WaterfrontNo

Waterfront FeaturesNo

View

Disclosures for 21 Allen Street, Somerville MA 02143

DEQE/DEP#

Senior CommunityNo

Disclosures

Special Listing Conditions

For Sale By OwnerNo

Buyer Agent Compensation1.5

Facilitator Compensation

Sub-Agent Compensation

Financial Information for 21 Allen Street, Somerville MA 02143

AssociationNo

Association Fee$0

Tax$57,409.40

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

Team Members

Name: Justin Pepple

Phone: 781-307-7752

Payment Calculator

, Interest

Property Taxes 4784.12

Principal & Interest 49293.46

HOA Dues $0

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