new - 9 hours on rocket

34-38 Franklin Ave, Somerville, MA, 02145

$1,950,000

0.09 Acres
Land

Location

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Property Highlights

Home TypeResidential
MLS #73320367
Lot Size0.09 Acres
StatusActive
(New)

About 34-38 Franklin Ave

Calling all developers and Investors! Opportunity knocks to buy two parcels in Somerville. One lot has a nice two family and the second is a vacant lot - the possibilities for future use are endless. Zoning may allow up to six units on these parcels. Check out one of the hottest east somerville neighborhoods a stones throw form the new green line T stop! You can get anywhere from here without a car! Condos in this immediate area are selling for top dollar! don't miss out invest today in the future! 2 separate lots of record are included in the sale. One has a very nice 2 family home on on it and the other is a vacant lot.

Property Details

Property Features

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (603) 685-4495
  • Listing Agent: Dana Ford

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.09 Acres

Other

Directions Information:

  • Directions: See GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
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Housing Market Comparison

See how this home compares to others in Somerville, MA.

Med. Sold Price

$1.1M

Med. Price/SqFt

$637

Avg. Days On Market

40

# of Sold Homes

41

34-38 Franklin Ave vs Somerville

1 DAY ON ROCKET

-39 Days

$1,950,000

+$837.6K More

KEY TAKEAWAY

This property is $837.6K more than the Median Sold Price in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73320367

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (603) 685-4495
  • Listing Agent: Dana Ford

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4277264
4
/10
  • King Open

  • 850 Cambridge St

  • 0.75 miles

  • Public District Grades PK-5

school-card-donut-4277265
5
/10
  • Kennedy-Longfellow

  • 158 Spring St

  • 0.86 miles

  • Public District Grades PK-5

school-card-donut-4277266
8
/10
  • Cambridgeport

  • 89 Elm St

  • 1.09 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,641. Residents of Somerville, MA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 34-38 Franklin Ave

What is the listing price of this property?

The listing price of 34-38 Franklin Ave property is $1,950,000.

What type of property is this?

The property 34-38 Franklin Ave is land located in Somerville, Massachusetts, 02145.

Is this property for sale now?

Active Listing: 34-38 Franklin Ave is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 34-38 Franklin Ave is 0.09 acres.
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Rocket HomesMassachusettsMiddlesex CountySomerville0214534-38 Franklin Ave

This home is located at 34-38 Franklin Ave in Somerville, MA and zip code 02145 in the East Somerville neighborhood. This home sits on a 0.09 acre lot. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $1,950,000.

While more than 16 listings in Somerville, MA in November 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 18 were sold below. In November 2024 in Somerville, MA there were 19.8% less homes for sale than in October 2024. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $1,112,333.

From Rocket Homes Real Estate and based on county public records data.

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