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.
Property Details
Property Features
Listing Office:
Office Name: Fortune RE
Office Phone: (617) 874-1000
Listing Agent: Ryan Taylor
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: Google Maps
Price Information
Listing Price Info
Price Summary:
List Price: $1,044,900
Tax Information:
Annual Amount: $11,168
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Somerville, MA.
This property is $67.4K less 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: #73294937
Listing Office:
Office Name: Fortune RE
Office Phone: (617) 874-1000
Listing Agent: Ryan Taylor
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
Listing History
DATE
EVENT
PRICE
Apr 13, 2001
Apr 13, 2001Home Sold
$277,900
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,168
$1,096,000
2020
$10,411
$1,031,800
2019
$10,630
$987,900
2018
$10,154
$897,800
2017
$9,365
$802,500
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Columbus Elementary School
37 Hicks Ave
Distance between this listing and this school0.40 miles
Public District Grades PK-5
7
/10
Benjamin G Brown
201 Willow Ave
Distance between this listing and this school0.54 miles
Public District Grades KG-5
4
/10
McGlynn Elementary School
3002 Mystic Valley Pkwy
Distance between this listing and this school0.98 miles
Public District Grades PK-5
Nearby Schools
4
/10
Winter Hill Community
115 Sycamore St
Distance between this listing and this school0.38 miles
Public District Grades PK-8
4
/10
Arthur D Healey
5 Meacham St
Distance between this listing and this school0.44 miles
Public District Grades PK-8
8
/10
John F Kennedy
5 Cherry St
Distance between this listing and this school0.75 miles
Public District Grades PK-8
Nearby Schools
4
/10
Somerville High School
81 Highland Ave
Distance between this listing and this school0.70 miles
Public District Grades 9-12
1
/10
Full Circle High School
11 Otis St
Distance between this listing and this school1.02 miles
Public District Grades 9-12
6
/10
Cambridge Rindge and Latin
459 Broadway
Distance between this listing and this school1.56 miles
The neighbors living near this home have an average income of $69,223. The most common annual income of people living in Somerville, MA is between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 359 Lowell St
What is the listing price of this property?
The listing price of 359 Lowell St property is $1,044,900.
What type of property is this?
The property 359 Lowell St is land located in Somerville, Massachusetts, 02145.
Is this property for sale now?
Active Listing: 359 Lowell St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,168 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 13, 2001 for $277,900. (source: MLS/tax record).
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This home is located at 359 Lowell St in Somerville, MA and zip code 02145 in the Winter Hill / Magoun neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $1,044,900.
In November 2024, from all listings sold in Somerville, MA there were more than 16 sold above asking price, over 18 sold below and more than 7 were sold right at the asked price. In November 2024 in Somerville, MA there were 19.8% less homes for sale than in October 2024. While the average time on the market in November 2024 was 40 days, the median list price was $1,112,333.
From Rocket Homes Real Estate and based on county public records data.
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.
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