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12
Floor Plans
Map
$1,195,000
↓ $30K (2.4%)
●
House -
Off Market
359 Lowell
Somerville, MA 02145
2 Beds
3 Baths,
1
Half Bath
$6,767
Estimated Monthly
$0
HOA / Fees
2.16%
Cap Rate
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$899
HOA Dues
-
Year Built
1910
Last updated: 7 hours ago (MLSPIN #73213426)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 30, 2024 | Price Decreased |
$1,195,000
↓ $30K
(2.5%)
|
|
Price Decreased | |||
Apr 9, 2024 | Price Decreased |
$1,225,000
↓ $54K
(4.2%)
|
|
Price Decreased | |||
Mar 23, 2024 | No longer available | - | |
No longer available | |||
Mar 18, 2024 | Listed by Fortune RE | $1,279,000 | |
Listed by Fortune RE | |||
Mar 7, 2024 | Temporarily off market | - | |
Temporarily off market |
Show More
Property Highlights
Garage
Air Conditioning
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
2
Beds
3
Baths
-
$1,040,000
Mar 28, 2023
$1,040,000
May 11, 2023
$510/mo
Sold
House
3
Beds
3
Baths
-
$1,065,000
Jan 4, 2021
$1,065,000
Jun 11, 2021
$365/mo
Condo
2
Beds
2
Baths
-
$1,010,000
May 11, 2023
$1,010,000
Sep 29, 2023
$1,281/mo
Sold
House
3
Beds
2
Baths
-
$1,050,000
May 19, 2022
$1,050,000
Jul 15, 2022
$682/mo
Sold
Condo
3
Beds
3
Baths
-
$1,085,000
Mar 30, 2023
$1,085,000
May 31, 2023
$987/mo