Address
17 Clyde St, Somerville, MA
Price
$ 1,695,000
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

Property vs Contingent Average in 02145

Price
AVG $1.16M
$1.7M
Taxes
AVG $7,164
$7,030
Visits
AVG 109
62
Data Provided by Inside Real Estate®
Year Built
AVG 1902
1886