Property Attributes
- MLS#73227612
- TypeContingent
- CountyMIDDLESEX
- CitySomerville
- AreaMagoun Square
- Zip02145
- Style5+ Family - 5+ Units Up/Down
- Year Built1886
- Taxes$ 7030
- Price$ 1,695,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size7,841 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Investors, builders, and developers take notice! Amazing opportunity to develop (2) 3 family properties in a bustling area of Somerville. Property is currently a single-family residence with 8-car garage on a lot that sits in NR Zoning which along with MBTA Communities Law allows for subdivision and “by right” 3-unit build! Great area very close to Magoun Square T station and Maxwell’s Green. Property is ~equidistant to Davis, Ball, and Porter Squares. Highly sought-after neighborhood and minutes to Boston. This transaction is subject to a 24-Month Sale/Leaseback agreement for resident as well as the City of Somerville's Historic Preservation Commission's 18-month moratorium on demolition. Currently, one side of the lot allows for immediate subdivision and development. Sale/Leaseback provides buyer with income during the permitting process, a win-win for all. Buyer and/or buyer's agents/representatives to do their own full due diligence. Don’t miss this opportunity!
Price History | |
---|---|
4/24/2024 | Listed $1,695,000 |
General Features
Sewer | Public Sewer |
---|---|
Zoning | NR |
Garage Spaces | 8 |
Year Built | 1886 |
Property SubType | 5+ Family - 5+ Units Up/Down |
Tax Year | 2023 |
County | Middlesex |
Property Type | Residential Income |
Contingency | Pending P&S |
Garage Y/N | Yes |
Status | Contingent |
Directions | Use GPS |
City | Somerville |
Disclosures | Home is fully occupied. Accompanied showings only. No person/s are allowed on the property without list agent or his representatives. Remarks include expressed opinions of seller & seller's represent |
Senior Community Y/N | No |
Total Units | 6 |
MLS Area | Magoun Square |
Lot Size Square Feet | 7840 |
Waterfront Y/N | No |
Street Name | Clyde St |
Year Built Details | Unknown/Mixed |
Tax Annual Amount | 7030 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active Under Contract |
Year Built Source | Public Records |
Tax Assessed Value | 1090900 |
Tax Lot | 5 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Total Stories | 3 |
---|---|
Fireplace Y/N | No |
Exterior Features
Parking Features | Paved Drive,Off Street |
---|---|
Lot Features | Level |
Water Source | Public |
Total Parking | 6 |
Lot Size Area | 0.18 |
Foundation Details | Brick/Mortar |
Spa | No |
Lot Size Acres | 0.18 |
Road Surface Type | Paved |
Lot Size Units | Acres |
Covered Spaces | 8 |
Road Frontage Type | Public |
Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool