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Expired

494 Medford St, Somerville MA 02145

$1,550,000

Estimated $3,231/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $516,666.67

Total Rent: 0/year

Estimated CAP Rate:

3 Bedrooms

Baths

1580

Total Parking: 4 (2 Garage)

2,571 (0.06)

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 31 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

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 Tax8607

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

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 494 Medford St, Somerville MA 02145

Listing ID73091766

Property TypeMulti Family

Price1550000 ($981.01/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total1580

Approximate Lot Size (Acres)0.06

Total Parking4 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 494 Medford St, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Sub-Agent Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 494 Medford St, Somerville MA 02145

Real Estate Taxes8607

Tax Year2023

Assessed Value$832,400

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 494 Medford St, Somerville MA 02145

Neighborhood(s)

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

Payment Calculator

, Interest

Property Taxes 717.25

Principal & Interest 9550.61

HOA Dues

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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    [unparsed] => 494 Medford St, Somerville MA 02145
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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

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty Boston Northwest

Santana Team