1 month on rocket

387-389 Main St, Medford, MA, 02155

$1,195,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
3,024 SqFt
$395/SqFt
Multi

Location

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387-389 Main St, Medford$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingShared Driveway, Off Street, Paved
Year Built1890
HeatingBaseboard, Natural Gas, Forced Air
BasementYes
MLS #73293100
Lot Size0.11 Acres
StatusActive

About 387-389 Main St

Welcome to 387-389 Main St – a rare and versatile property offering endless opportunities for investors and business owners alike. Perfectly positioned less than a mile from the Tufts Green Line stop and Route 93, this prime location has unparalleled access to local amenities, public transportation, and major highways. The office provides the flexibility to either operate your business or lease out the space for additional income. It has an open plan and includes an additional private meeting room with a convenient half bathroom. Both residential units have large eat in kitchens and a living room. The first residential unit features single level living with 2 beds and 1 bath and the second unit has 3 beds and 1 bath. Whether you're looking to supplement your business with rental income or expand your investment portfolio, this is the perfect property to achieve your goals.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 3,024 SqFt

Listing Office:

  • Office Name: Gibson Sotheby's International Realty
  • Office Phone: (781) 648-3500
  • Listing Agent: Steve McKenna & The Home Advantage Team

Interior Features

Interior Information:

  • Appliances: Washer, Dryer, Range, Dishwasher, Refrigerator, None
  • Basement: Yes
  • Flooring Type: Wood, Tile, Hardwood, Parquet, Carpet
  • Interior: Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Rain Gutters

Parking Information:

  • Parking: Shared Driveway, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Main St between Harvard and Wareham

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $395/SqFt
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Housing Market Comparison

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

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Medford, MA

City

Med. Sold Price

$850K

Med. Price/SqFt

$502

Avg. Days On Market

26

# of Sold Homes

44

387-389 Main St vs Medford

45 DAYS ON ROCKET

+19 Days

$1,195,000

+$345K More

$395/SqFt

-$108 Less

KEY TAKEAWAY

This property is $345K more than the Median Sold Price and $108/SqFt less than other homes in Medford, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73293100

Listing Office:

  • Office Name: Gibson Sotheby's International Realty
  • Office Phone: (781) 648-3500
  • Listing Agent: Steve McKenna & The Home Advantage Team

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: 11/4/2024, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1706963
4
/10

  • Christopher Columbus

  • 37 Hicks Ave

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-1706964
10
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.71 miles

  • Public District Grades KG-6

school-card-donut-1706965
4
/10

  • John J Mcglynn Elementary School

  • 3002 Mystic Valley Pkwy

  • 0.81 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 $98,973. Typical income of Medford, MA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Medford›02155›387-389 Main St

This home is located at 387-389 Main St in Medford, MA and zip code 02155. This 3,024 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,195,000.

While more than 21 listings in Medford, MA in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 17 were sold below. The number of homes for sale in Medford, MA decreased by 3.7% between September 2024 and October 2024. In October 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $850,000.

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

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