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Canceled

359R Lowell Street, Somerville MA 02145

$1,295,000

Estimated $8,878.31/month Calculator

Single Family

2 Bedrooms

2 Full, 1 Half Baths

4,326 SqFt

Total Parking: 0

3,173 SqFt

Built in 1910

Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. Prospective Purchasers should verify all development feasibility independently. Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.

This home has been viewed 13 times

Last Checked: May 17th, 2024 at 11:57pm (Source: MLS PIN #73205649)

Garage Parking

General Information for 359R Lowell Street, Somerville MA 02145

Listing ID73205649

Property TypeSingle Family / Detached

Price$1,295,000 ($299.35/SqFt)

StyleOther (see Remarks)

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Garage Parking

ZoningMR4

AssociationNo

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Handicap Access / FeaturesNo

Energy Features

Interior Features for 359R Lowell Street, Somerville MA 02145

Approximate Living Area Total4,326 SqFt

Living Area Includes BasementNo

Rooms7

Bedrooms2

Full Baths2

Half Baths1

Primary En Suite BathroomYes

Basement

HeatingYes / Radiant, Baseboard

CoolingNo

Fireplaces0

AppliancesGas Water Heater

Flooring

Electric

Exterior Features for 359R Lowell Street, Somerville MA 02145

Approximate Lot Size (Acres)0.07 acres

Approximate Lot Size (Square Feet)3,173 SqFt

Total Parking0

Garage Parking

WaterPublic

SewerPublic Sewer

Lot Features

Parking FeaturesPaved Drive, Attached

Exterior Features

Foundation Area

Foundation MaterialsBlock

Construction Materials

Approximate Street Frontage

Road Frontage Type

Patio & Porch

Roof Material

Utility Connections

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Private PoolNo

Pool Features

Horse PermittedNo

Horse Amenities

Disclosures for 359R Lowell Street, Somerville MA 02145

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Senior CommunityNo

Special Listing Conditions

For Sale By OwnerNo

Exclusions

Disclosures

Title 5

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 359R Lowell Street, Somerville MA 02145

AssociationNo

Association Fee$0

Association Fee Frequency

Association Fee Includes

Real Estate Tax$10,787.21

Tax Year2024

Assessed Value$1,025,400

Location Information for 359R Lowell Street, Somerville MA 02145

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), University

Contact Information for 359R Lowell Street, Somerville MA 02145

Agent

Name: Clare Thompson

Office

Name: ABG Realty

Phone: 617-492-9900

Payment Calculator

, Interest

Property Taxes 898.93

Principal & Interest 7979.38

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

ABG Realty

Clare Thompson

Agent Phone

Office Phone

(617) 492-9900

Text Agent Call Agent Call Office

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EXIT