21 Allen Street Somerville, MA ^$ 7,645,000

21 Allen Street

^$ 7,645,000

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21 Allen Street

Somerville, MA, 02143

^$ 7,645,000

Studio Baths0.0

Monthly Estimate*

^$ 50,811

21 Allen Street, Somerville, MA 02143 - Image 1

21 Allen Street, Somerville, MA 02143 - Image 2

21 Allen Street, Somerville, MA 02143 - Image 3

21 Allen Street, Somerville, MA 02143 - Image 4

Studio

Lots and Land for sale in Somerville, MA

for $7,645,000. The lot size is 0.41.

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

Lots and Land Active

Price

^$ 7,645,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 57,409

Style

Level,Cleared

Lot Size

0.41

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73211304

List By

Ryan Taylor

Listing Agent

Fortune Re

Broker

Affordability Calculator

$55,595

Per Month

Monthly Principal & Interest: $50,811
Monthly Property Taxes: $4,784
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Lots and land listings in Somerville, MA

Average List Price ^$4,571,867

Percent of Sale Price 40%

About Somerville, MA

81,036 Population

5% Since 2002

^$82,952 Median Income

36.55 Median Age

16% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
6/3/2024	$7,645,000	-0.59%	Price Down
5/23/2024	$7,690,000	-3.27%	Price Down
5/3/2024	$7,950,000	-3.64%	Price Down
4/23/2024	$8,250,000	-6.14%	Price Down
3/12/2024	$8,790,000		Listed Price

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21 Allen Street, Somerville, MA, 02143 is a Lots and Land for sale at $7,645,000 with a lot size of 0.41. 21 Allen Street is a studio with 0.0 baths. The property's zip code is 02143 which is in Somerville, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/5/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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21 Allen Street

Lots and Land for sale in Somerville, MA

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