359 Lowell Street

Somerville, MA 02145

$1,044,900
Price
3,173 / 0.07
Lot Size / Acres
a picture of a floor plan
a black and white photo of a living room
a front view of a house with a yard and garage
a bathroom with a sink and a mirror
a large kitchen with stainless steel appliances granite countertop a large counter top a stove and a refrigerator
a bathroom with a sink toilet and shower
a view of entryway and hall with wooden floor
a bathroom with a shower
a view of utility room
a view of kitchen with furniture and a chandelier
a large kitchen with stainless steel appliances a large counter top
a view of an empty room with a fireplace and a window
a view of a room with gym equipment
wooden floor in an empty room with a window

Description

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...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.
  1. Listed by Ryan Taylor • Fortune RE

Property Details for 359 Lowell Street

Town
Somerville
MLS Area
Magoun Square
Area
MA-Somerville-Magoun Square, MA-Somerville
LISTING UPDATED: 10/13/2024 03:06 AM

Property Details for 359 Lowell Street

StatusActive
MLS #73294937
Days on Market87
Taxes$10,787 / year
HOA Fees-
Compass TypeLand
MLS TypeLand / Residential
Year Built-
CountyMiddlesex County

Building Information for 359 Lowell Street

Lot Size0.07 AC

Property Information for 359 Lowell Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Waterfront: No
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Lot Description: Level
Utilities
  • Electric: On-Site
  • ElectricOnPropertyYN: Yes
  • Gas: On-Site
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Property Owner has interest in Fortune RE
Tax Information
  • Tax ID: 753403
  • Assessments: $1,025,400
  • Book: 1
  • Tax Year: 2024
  • Zoning: MR4
Building / Association Information
Complex & Association Information
  • Adult Community: No

Property History for 359 Lowell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 359 Lowell Street

Taxable ValueLand$382,400Additions$643,000Total$1,025,400
Tax Record2024$10,787 ($899 / month)
Home Facts
Beds1Baths3Total Finished SqFt4,326 SqFtAbove Grade Finished SqFt4,326 SqFtStories2Lot Size3,154 SqFtStyleSingle Family ResidenceYear Built1910ZoningNBCountyMIDDLESEXAPNSOME M:41 B:A L:56

Schools near 359 Lowell Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Winter Hill Community School
Public - PK to 8
Somerville High School
Public - 9 to 12
Arthur D. Healey School
Public - PK to 8
Benjamin G. Brown School
Public - K to 5
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Somerville High School
Public9 to 12

Arthur D. Healey School
PublicPK to 8

Benjamin G. Brown School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Magoun Square

Neighborhoods

Cities

ZIPs

More information about 359 Lowell Street, Somerville, MA 02145

359 Lowell Street is a 0.07 ac of land for sale in Somerville, MA 02145. This property was listed for sale on September 25, 2024 by Fortune RE, it's currently listed at $1,044,900. It has been on the market for a total of 87 days and was last sold on April 13, 2001. This listing's school district is Somerville School District. Nearby schools include Winter Hill Community School, Somerville High School and Arthur D. Healey School. 359 Lowell Street is a 0-bed, 0-bath, 0.07 ac of land on a 3,173 sq. ft. / 0.07 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fortune RE, Ryan Taylor

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.