359 Lowell, Somerville MA 02145 – 2 bed 3 bath For Sale – 73329727
Overview
- Updated On:
- February 3, 2025
-
- 73329727
- 2 Bedrooms
- 2.5 Bathrooms
- 0 Garage Spaces
- 0 Non-Garage Parking Spaces
- 1910
Description
UPDATED ZONING STUDY – 7 units /1 Affordable. 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. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Property Listing Details
Overview
| MLS Status | Closed |
|---|---|
| Price | $ 1,044,900 |
| Living Area | 4,326.00 ft2 |
| Bedrooms | 2 |
| Total Rooms | 7 |
|---|---|
| Listing MLS ID | 73329727 |
| Days on Market | 10 |
| Bathrooms | 2.5 |
Unit Information
| Bedrooms | 2 |
|---|---|
| Full Bathrooms | 2 |
| Half Bathrooms | 1 |
| Cooling | Window Unit(s) |
| Heating | Central |
| Uncovered Parking | 0 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | |
| Parking Features | Paved Drive |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 1910 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof |
Additional Details
| Community Features | |
|---|---|
| Disclosures | Property Owner has interest in Fortune RE |
| Last Updated | 2025-02-03T14:24:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 753403 |
| Original List Price | 1044900 |
| Listing Office | fortune re |
| Tax Annual Amount | 10787.21 |
|---|---|
| Tax Assessed Value | 1025400 |
| Tax Book Number | 1 |
| Tax Year | 2024 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | MR4 |
| Listing Agent | ryan taylor |
Property Address
Amenities and Features
Payment Calculator
- Principal and Interest
- Property Tax
- HOA fee
Map
What's Nearby
Contact Me
Similar Listings
57-3 Packard Ave # 3, Somerville MA 02144 &#...
326 Broadway # 11, Somerville MA 02145 ̵...
3 Franklin St # 3, Somerville MA 02145 ̵...
359 Lowell, Somerville MA 02145 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
359 Lowell, Somerville MA 02145 – 2 bed 3 bath For Sale – 73329727
$ 1,044,900
Status: Closed
359 Lowell, Somerville MA 02145, Somerville, Magoun Square, Middlesex 02145
Country: US
Property Overview
MLS #: 73329727
Type: Single Family Residence /
Action: Residential
Year Built: 1910 (Actual, Source: Public Records, Effective: )
Living Area: 4,326.00 ft2 (Total: 4326 Square Feet, Source: Public Records)
Lot Size: 0.07 ft2 (Area: 0.07 Acres, SqFt: 3173)
Total Rooms: 7
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 2 (Main Level: )
Bathrooms: Total: 2.5 (Full: 2, Half: 1, Decimal: 2.5, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter (Area: )
Roof:
Stories: (Multi/Split)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Central
Cooling: Window Unit(s)
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 0
Parking Features: Paved Drive
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features:
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features:
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: MR4 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
UPDATED ZONING STUDY – 7 units /1 Affordable. 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. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units:
Units Owner Occupied:
Unit 1: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 2: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 10787.21 (Year: 2024)
Tax Assessed Value: 1025400
Tax Block/Lot/Book/Map: / / 1 /
Parcel Number: 753403
Special Licenses:
Current Financing: Cash
Gross Income: (Scheduled: )
Net Operating Income:
Operating Expense: (Water/Sewer: , Insurance: )
Financial Data Source:
APOD Available:
Tenant Pays:
Rent Includes:
Total Actual Rent:
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: CN218241) / Team: CN250708
Listing Office: (MLS ID: AN5321)
Agent (Property): 57
Buyer Agent MLS ID: cn218241
Buyer Office MLS ID: AN5321
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-01-17
Expiration Date: 1900-01-01
Original List Price: 1044900
Price Per SqFt (List): 241.54
Market Time (Property): 83 (Broker: 10, Prev Broker: , Prev Property: 73)
MLS Status: Sold
Possession:
Directions: Google Maps
Disclosures: Property Owner has interest in Fortune RE, Y
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 1)
Sale Information (if applicable)
Close Date: 2025-01-31
Close Price: 975000
Price Per SqFt (Sold): 225.38
Anticipated Sold Date: 2025-01-31T05:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2025-01-27
Sold vs Rent:
System Information
Property ID: 1682674
Modification Timestamp: 2025-02-03T14:24:00.000Z
Bridge Modification Timestamp: 2025-02-03T14:28:38.563Z
Original Entry Timestamp: 2025-01-27T23:47:00.000Z
Status Change Timestamp: 2025-02-03T14:24:00.000Z
Off Market Date: 2025-01-27
Development Status:
Business Type:
