285-289 Summer St, Arlington MA 02474

Arlington, MA 02474

$3,999,900

Est. $21,447/month

Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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0.64

Acres

Residential

Type

New today

Time on Market

For Sale Listed Nov 5, 2026 • MLS# 73599331 Copied! • Updated Nov 5, 2026

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About this home

Introducing an ideal 28,063 sq ft residential development site on Summer St in Arlington, positioned for a friendly 40B. The site is split into two lots (14,504 and 13,559 sq ft) and sits above Summer St with views toward the Boston skyline, moments to Arlington High School, Mass Ave, and Route 2. A building permit is in place for two 2-family residences: four units total, each unit with 4 bedrooms, 3.5 baths, about 3,200 sq ft of finished square footage, and a garage. Site work is done; the two existing 2-family homes have been razed and the lot has been cleared. Driveway has been prepped. As of November 2026, Arlington has not reached the affordable housing threshold or safe harbor under Chapter 40B, opening a path to further development and permitting. Few sites in Arlington combine this much land, a site ready to build, and direct frontage on a main road. Buyer to perform own due diligence on 40B feasibility.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠

Listed for Sale

Nov 5, 2026

$3,999,900

Original listing

Agent: Doug Walters Office: Larkin & Larkin Real Estate

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
11/05/2026	🏠 Listed for Sale	$3,999,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2026	$12,256	$1,148,700

Financial Details

Annual Property Tax

$12,256

Tax Year 2026

Assessed Value

$1,148,700

Facts & Features

Home Facts

Type Land

Style Residential

Lot Size 0.64 acres

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Utilities

Electric At Street

Water Public, At Street

Sewer Public Sewer, At Street

Gas On-site

Other None

Financial

Annual Tax $12,256

Assessed Value $1,148,700

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type []

Documents Building Permit, Land Survey, Aerial Photo (3)

County Middlesex

Property Overview

Property Type

Residential

Listing Type

For Sale

Floor Layout

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Water Source: Public, At Street

Sewer: Public Sewer, At Street

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Lot Features: Easements, Elevated, Cleared, Gentle Sloping

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Parking & Garage

Parking Features:

Special Features

View: Yes

View Type: Scenic View(s)

Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School

Nearby Schools

School information not available for this location.

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $1,021

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

285-289 Summer St, Arlington MA 02474

Arlington, MA 02474

Listing Information

Listing Agent Doug Walters

Listing Office Larkin & Larkin Real Estate

Office Phone 941-815-1632

Agent MLS ID CN202363

Office MLS ID B33021

Listing Data Updated Nov 5, 2026 1:36 PM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

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