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501 Mystic Valley Parkway, Somerville MA 02144

Somerville, MA 02144
$8,500,000
Est. $43,189/month
0.92
Acres
13 hours 6 minutes
Time on Market
Active Listed Jul 21, 2026 • MLS# 73552820 Copied! • Updated Jul 21, 2026

About this home

Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 21, 2026
$8,500,000
Original listing
Agent: Christopher Sower Office: Cushman & Wakefield

Tax History

Year Taxes Assessment
2099 $99 $99

Financial Details

Annual Property Tax
$99
Tax Year 2099
Assessed Value
$99

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 0.92 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric On-site
Water Public
Sewer Public Sewer
Gas On-site
Other None
Annual Tax $99
Assessed Value $99
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex

Property Overview

Property Type
Residential
Listing Type
Land

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Cleared
Road Surface:

Parking & Garage

Parking Features:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $8
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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

501 Mystic Valley Parkway, Somerville MA 02144

Somerville, MA 02144

Listing Information

Listing Agent Christopher Sower
Listing Office Cushman & Wakefield
Office Phone 617-330-6966
Agent MLS ID CT003909
Office MLS ID AN6656
Listing Data Updated Jul 21, 2026 2:29 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
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501 Mystic Valley Parkway, Somerville MA 02144 - Photo 1 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 2 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 3 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 4 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 5 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 6 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 7 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 8
Steven Novak

Steven Novak

BMN Boston Real Estate

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