501 Mystic Valley Parkway, Somerville MA 02144
Somerville, MA 02144
$8,500,000
Est. $43,189/month
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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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Property History
Property Timeline
Listed for Sale
Jul 21, 2026
$8,500,000
Original listing
Agent: Christopher Sower
Office: Cushman & Wakefield
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/21/2026 | 🏠 Listed for Sale | $8,500,000 | - | - | Original listing |
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
Financial
Annual Tax
$99
Assessed Value
$99
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Middlesex
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
Residential
Listing Type
For Sale
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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 District
Somerville School District local
B-
School Safety
2024-25
2.5%
Average
1.4%
Suspensions
2.2%
In-School
1.1%
Emergency
3.0% below state avg
Elementary Schools
3 schools
A+
Brooks School
0.4 mi
|
#2 of 12
|
Score: 59.7
Improved 135 spots from last year
+1.5 above state avg
556 students
Moderate
Rising School
Grades PK-05
St. Raphael Elementary School
0.5 mi
Grades PK-08
A-
Thompson Elementary School
0.6 mi
|
#201 of 824
|
Score: 54.9
Dropped 52 spots from last year
-3.3 below state avg
537 students
Diverse
Grades K-05
Middle Schools
3 schools
A+
Gibbs School
0.9 mi
|
#31 of 352
|
Score: 60.0
Improved 8 spots from last year
+1.8 above state avg
529 students
Diverse
Strong Attendance
Grades 06
A
Rindge Avenue Upper School
1.6 mi
|
#67 of 352
|
Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students
Diverse
Diverse Student Body
Grades 06-08
B+
Madeleine Dugger Andrews Middle School
1.6 mi
|
#128 of 352
|
Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
A-
Medford High School
1.1 mi
|
#94 of 346
|
Score: 60.6
Improved 24 spots from last year
+2.3 above state avg
1,195 students
Diverse
19 sports
• 1,212 athletes
Strong AP Program
Rising School
Career Tech Programs
College Ready Curriculum
Grades PK-12
Arlington Catholic High School
1.1 mi
17 sports
• 1,412 athletes
Strong Athletics
Grades 09-12
Curtis-Tufts School
1.5 mi
11 students
Diverse
Diverse Student Body
Grades 09-12
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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
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 25, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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