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Expired

494 Medford St, Somerville MA 02145

$1,550,000

Estimated $3,230.57/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $516,666.67

Total Rent: 0/year

Estimated CAP Rate: -0.56%

3 Bedrooms

2 Full, 1 Half Baths

1,580 SqFt

Total Parking: 4 (2 Garage)

2,571 SqFt

494 Medford Street is a fully permitted development in the heart of Magoun Square, Somerville. The property includes a full building permit for a modern, multi-use building with retail and commercial space on the ground floor and high-end townhouse units above. With its prime location and ample on-site parking, this project is an excellent investment opportunity in a thriving neighborhood. Approved plans available for review.

This home has been viewed 18 times

Last Checked: May 7th, 2024 at 7:11am (Source: MLS PIN #73091766)

Gross Income: $0

Gross Expenses: $8,607

Net Income Calc: $8,607

CAP Rate: -0.56%

Annual Expenses for 494 Medford St, Somerville MA 02145

Total Gross Expenses (Calculated)$8,607/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,607

Annual Income & Unit Breakdown for 494 Medford St, Somerville MA 02145

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 494 Medford St, Somerville MA 02145

Listing ID73091766

Property TypeMulti Family

Price$1,550,000 ($981.01/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,580 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 494 Medford St, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 494 Medford St, Somerville MA 02145

Real Estate Taxes$8,607

Tax Year2023

Assessed Value$832,400

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.56%

Location Information for 494 Medford St, Somerville MA 02145

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 494 Medford St, Somerville MA 02145

Agent

Name: Santana Team

Office

Name: Keller Williams Realty Boston Northwest

Phone: 617-497-8900

Team Members

Name: Zachary Ciampa

Phone: 781-718-9927

Payment Calculator

, Interest

Property Taxes 717.25

Principal & Interest 9550.61

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Boston Northwest

Santana Team

Agent Phone

Office Phone

(617) 497-8900

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Expired

494 Medford St, Somerville MA 02145

$1,550,000

Annual Expenses for 494 Medford St, Somerville MA 02145

Annual Income & Unit Breakdown for 494 Medford St, Somerville MA 02145

General Information for 494 Medford St, Somerville MA 02145

Disclosures for 494 Medford St, Somerville MA 02145

Financial Information for 494 Medford St, Somerville MA 02145

Location Information for 494 Medford St, Somerville MA 02145

Contact Information for 494 Medford St, Somerville MA 02145

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty Boston Northwest

Santana Team