640 Mystic Avenue

Somerville, MA 02145

$2,649,000
Price
9
Beds
6
Baths
3
1/2 Baths
5,096 Sq. Ft.
$520 / Sq. Ft.
5,096
Sq. Ft.
$520
per Sq. Ft.

Description

Investors-under assessed value! Discover the best opportunity in Somerville at only $520 per square foot. This property includes 6 garage parking spaces and is perfect for a 1031 EXCHANGE OPPORTUNITY. Three custom-designed side by side townhouses, each with two garage spaces. An award-winning developer has crafted each home with a chef's kitchen featuring Bertazzoni ranges, SS Appliances, and gleaming hardwood floors. The open-concept living room, dining room, and kitchen lead directly to a walk-out...Investors-under assessed value! Discover the best opportunity in Somerville at only $520 per square foot. This property includes 6 garage parking spaces and is perfect for a 1031 EXCHANGE OPPORTUNITY. Three custom-designed side by side townhouses, each with two garage spaces. An award-winning developer has crafted each home with a chef's kitchen featuring Bertazzoni ranges, SS Appliances, and gleaming hardwood floors. The open-concept living room, dining room, and kitchen lead directly to a walk-out patio. On the second level, there are two bedrooms, laundry facilities, a full bathroom, and an office nook. The top floor boasts a spacious primary bedroom suite with two walk-in closets, a double vanity, and a spa-like walk-in shower. Each unit features a private balcony with unobstructed views of the Mystic River and Encore Casino. Constructed in 2018 with soundproofing and a FIRE SPRINKLER/ALARM system, Amenity Score 8.3 Walk Score 7.8 Park Score 9.8 Schools 9.8 Wellness 8.8.
  1. Listed by Boston RE Group • Coldwell Banker Realty - Boston
  2. Listed by Heather Olin • Coldwell Banker Realty - Boston

Property Details for 640 Mystic Avenue

Town
Somerville
Area
MA-Somerville
Garage Spaces
6
Parking Spaces
6.00
Parking Spaces Total
12
LISTING UPDATED: 11/05/2024 12:34 PM

Property Details for 640 Mystic Avenue

StatusActive
MLS #73235507
Days on Market226
Taxes$29,027 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Side by Side
Year Built2017
CountyMiddlesex County

Building Information for 640 Mystic Avenue

Stories9Residences3Year Built2017Building Size-Lot Size0.09 AC / 4,100 SF

Property Information for 640 Mystic Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, House of Worship, Public School, University
  • Living Area: 5096.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Oven, Trash Compactor
  • Num of Baths: 9.0
  • Num of Full Baths: 6
  • Num of Half Baths: 3
  • Bathrooms Total Decimal: 7.50
  • Bathrooms Total Integer: 9
  • FireplaceFeatures: Gas
  • FireplaceYN: Yes
  • Fireplaces: 3
  • Flooring: Carpet, Hardwood
  • Interior Features: Storage, Walk-In Closet(s), Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen, Laundry Room, Living RM/Dining RM Combo
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Lot Description: Level
  • View: City View(s), Scenic View(s)
  • View: Yes
  • Waterview Features: River
Parking Features
  • Covered Spaces: 6.00
  • Garage: Yes
  • Garage Parking: Assigned
  • Parking Features: Assigned
  • Parking Features: Assigned
Utilities
  • Cooling: Central Air, Individual
  • Cooling: Yes
  • Electric: Circuit Breakers, Individually Metered
  • Heating: Central, Forced Air, Natural Gas, Individual
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Oven
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Seller and Listing Agent make no representations. Buyers and Buyers Agents should conduct their own due diligence and verify all information.
Tax Information
  • Tax ID: M:46 B:C L:2,754287
  • Assessments: $2,759,200
  • Book: 0
  • Tax Year: 2024
  • Zoning: HO
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • Electricity: $254.00
  • Annual Expenses Source: Owner
  • GOI: $153,000.00
  • Gross Scheduled Income: $154.00
  • Insurance: $4,998.00
  • GRE: $33,376
  • NOI: $153,000.00
  • Operating Expense: $33,376.00
  • WSE: $2,159.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 3
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 3
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 3
Rental Info
Rental Info
  • Total Actual Rent: $12,900.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 640 Mystic Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 640 Mystic Avenue

Taxable ValueLand$322,100Additions$2,437,100Total$2,759,200
Tax Record2024$29,027 ($2,419 / month)
Home Facts
Baths7.5Total Finished SqFt5,096 SqFtAbove Grade Finished SqFt5,096 SqFtStories3Lot Size4,100 SqFtStyleTriplexYear Built2017ZoningHOCountyMIDDLESEXAPNSOME M:46 B:C L:2Fireplace TypeHas Fireplace

Schools near 640 Mystic Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Arthur D. Healey School
PublicPK to 8

Somerville High School
Public9 to 12

Winter Hill Community School
PublicPK to 8

Full Circle High School
Public9 to 12

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.

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640 Mystic Avenue is a multi-family home for sale in Somerville, MA 02145. This property was listed for sale on May 9, 2024 by Coldwell Banker Realty - Boston, it's currently listed at $2,649,000. It has been on the market for a total of 226 days and was last sold on December 3, 2015. This listing's school district is Somerville School District. Nearby schools include Arthur D. Healey School, Somerville High School and Winter Hill Community School. 640 Mystic Avenue is a 9-bed, 7.5-bath, 5,096 sqft multi-family home built in 2017.

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 Coldwell Banker Realty - Boston, Boston RE Group; Coldwell Banker Realty - Boston, Heather Olin

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.