$1,195,000 - 359 Lowell, Somerville, MA 02145
359 Lowell
Somerville,
MA
02145
359 Lowell Somerville, MA 02145
2
Beds
2 full, 1 half
Baths
4,326
Sqft
3,173
Sqft lot
0.07
Acre lot
$1,195,000
Est. $4,250 / mo.*
Status:
Active
Property Type:
Single Family Residence
Year Built:
1910
Days on Website:
45
Courtesy of Fortune RE, Ryan Taylor.
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 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.
Open House
Property Details and Features
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 total bathrooms
- 3 total bathrooms
Bedrooms
- 2 bedrooms
Building
- Building Area Total: 4326
- Building Area Units: Square Feet
- Living Area: 4326
- Year Built Source: Public Records
- Year Built: 1910
Cooling
- Cooling: "Window Unit(s)"
- Cooling Included
Foundation
- Foundation Details: "Concrete Perimeter"
Heating
- Heating: "Central"
- Heating Included
Lot
- Lot Size Acres: 0.07
- Lot Size Area: 0.07
- Lot Size Square Feet: 3173
- Lot Size Units: Acres
- Parcel Number: 753403
Parking
- Parking Features: "Paved Drive"
- Parking Total: 0
- Open Parking
Property
- Property Sub Type: Single Family Residence
- Zoning: MR4
Sewer
- Sewer: "Public Sewer"
Taxes
- Tax Annual Amount: 10787.21
- Tax Year: 2024
Utilities
- Water Source: "Public"