Off Market
359 Lowell St, Somerville, MA
Somerville · MA 02145
- $1,369,000
- Price
- 2
- Beds
- 2.5
- Baths
- 4326
- Sq. ft.
Overview
Property type:
Single Family
Year built:
Built in 1910
Lot size:
3,173 Sq.Ft Lot
Price per square foot:
$316 / Sq.Ft
Parking:
No Parking
Heating & cooling:
Heat, Window AC
About this home
Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ? 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.
Neighborhood & Transit
Magoun Square
359 Lowell St, Somerville · MA 02145
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Magoun Square Green 0.22 mi
-
Ball Square Green 0.43 mi
Price Insight
- Days on Market:
- 1016 days
- Listing Price:
- $1,369,000
- Price per Sq.Ft:
- $316
- Tax Assessment:
- $1,025,400 in 2024
- Taxes:
- $899 / Monthly
Home Facts
Interior Features
- Bedrooms
- 2
- Full Bathrooms
- 2
- Half Bathrooms
- 1
- Living Area
- 4,326 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- 7
- Above grade area
- 4326
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Central Heat
- Heating Zone
- Unknown
- Cooling
- Window AC
- Cooling Zones
- Unknown
- Water
- City/Town Water
- Sewer
- City/Town Sewer
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 3,173 Sq.Ft
- Lot Description
- Paved Drive
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Brayden Haney
- Listing office
- Fortune RE
- MLS PIN #
- 73195917
- Disclosure
- Property Owner has interest in Fortune RE
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