1 month on rocket

34 Franklin Ave, Somerville, MA, 02145

$1,950,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths
2,176 SqFt
$896/SqFt
Multi

Location

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34 Franklin Ave, Somerville$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1900
BasementYes
MLS #73295597
Lot Size0.04 Acres
StatusActive

About 34 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.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,176 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.04 Acres

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $896/SqFt

Tax Information:

  • Annual Amount: $6,523
  • Tax Year: 2021
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Housing Market Comparison

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

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Somerville, MA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$630

Avg. Days On Market

39

# of Sold Homes

40

34 Franklin Ave vs Somerville

55 DAYS ON ROCKET

+16 Days

$1,950,000

+$851.8K More

$896/SqFt

+$266 More

KEY TAKEAWAY

This property is $851.8K more than the Median Sold Price and $266/SqFt more than other homes in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73295597

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: 11/21/2024, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,523$640,100
2020$6,137$608,200
2019$5,335$495,800
2018$4,728$418,000
2017$4,649$398,400

History based on county public records data.

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-245440
4
/10

  • King Open

  • 850 Cambridge St

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-245441
5
/10

  • Kennedy-Longfellow

  • 158 Spring St

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-245442
8
/10

  • Cambridgeport

  • 89 Elm St

  • 1.13 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,641. Most Somerville, MA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›34 Franklin Ave

This home is located at 34 Franklin Ave in Somerville, MA and zip code 02145 in the East Somerville neighborhood. This 2,176 square foot home, which was built in 1900, sits on a 0.04 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,950,000.

Somerville, MA housing market in October 2024 saw over 12 listings sold above listed price, more than 5 sold at listed price and over 23 sold below. The number of listings in Somerville, MA increased by 8.5% between September 2024 and October 2024. Listings spent 39 days on the market in October 2024, and had a median list price of $1,098,130 during the same period.

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

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