359 Lowell Somerville, MA ^$ 1,195,000

359 Lowell

^$ 1,195,000

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359 Lowell

Somerville, MA, 02145

^$ 1,195,000

Bedrooms2 Baths2.1 Sq 4,326

Monthly Estimate*

^$ 8,347

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Single Family Home for sale in Somerville, MA

for $1,195,000 with 2 bedrooms and 2 full baths, 1 half bath. This 4,326 square foot home was built in 1910 on a lot size of 0.07.

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.

Single Family Active

Price

^$ 1,195,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 10,787

Style

Lot Size

0.07

Year Built

1910

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73213426

List By

Ryan Taylor

Listing Agent

Fortune Re

Broker

Affordability Calculator

$9,246

Per Month

Monthly Principal & Interest: $8,347
Monthly Property Taxes: $899
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Single family listings in Somerville, MA

Average List Price ^$1,926,710

Percent of Sale Price 61%

About Somerville, MA

81,036 Population

5% Since 2002

^$82,952 Median Income

36.55 Median Age

16% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/25/2024	$1,195,000	-2.45%	Price Down
4/9/2024	$1,225,000	-4.22%	Price Down
3/18/2024	$1,279,000		Listed Price

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359 Lowell, Somerville, MA, 02145 is a Single Family Home for sale at $1,195,000 with 4,326 sqft and a lot size of 0.07. 359 Lowell has 2 bedrooms, 2.1 baths, and was built in 1910. The property's zip code is 02145 which is in Somerville, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 4/30/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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359 Lowell

Single Family Home for sale in Somerville, MA

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