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83 Wallace, Somerville MA 02144

Somerville, MA 02144
$1,380,000
Est. $8,138/month
4
Beds
2
Baths
1,650
Sq Ft
$836
Price/Sq Ft
0.10
Acres
1900
Year Built
2 hours 9 minutes
Time on Market
Active Listed Jun 4, 2026 • MLS# 73530423 Copied!

About this home

Exceptional development opportunity on one of Somerville’s most desirable streets. This grand property offers investors, developers, and end users a chance to make this property magnificent. Renovate the existing 4-bedroom, 2-bath single-family residence into a premier luxury home or explore the potential for a 3-unit development. Ideally located just minutes from Davis Square, one of Somerville’s most vibrant and sought-after neighborhoods. Enjoy easy access to gourmet restaurants, popular cafés, H Mart, boutique shopping, and the Davis Square Red Line station, providing a direct commute to Cambridge and downtown Boston. Also, 0.6 miles to the Green Line. Property to be sold "as is".

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1900
Bedrooms
4
Full Bathrooms
2
Living Area
1,650 sq ft
Total Rooms
9

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1900
Living Area 1,650 sq ft
Lot Size 0.10 acres
Bedrooms 4
Full Baths 2
Total Rooms 9

Interior

Heating Central, Forced Air
Cooling None
Flooring Wood, Tile, Hardwood
Appliances Gas Water Heater, Range
Fireplace None
Basement Full, Walk-out Access
Laundry None
Features None

Exterior

Construction Frame
Architecture Colonial
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street, Tandem
Total Spaces 2

Utilities

Electric Fuses
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $11,517
Assessed Value $1,428,200

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances: Gas Water Heater, Range
Interior Features:
Windows:
Basement: Full, Walk-Out Access
Laundry:
Security:

Construction & Materials

Style: Colonial
Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Gentle Sloping
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Paved Drive, Off Street, Tandem

Location

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Neighborhood

83 Wallace, Somerville MA 02144

Somerville, MA 02144

Walkability

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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
E

Elementary Schools

9 schools
A
John F Kennedy School
0.8 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
St. Theresa of the Child Jesus School
1.1 mi
Grades PK-08
C+
Arthur D Healey School
1.3 mi | #236 of 352 | Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students Diverse
Rising School Diverse Student Body
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
1.9 mi | #134 of 352 | Score: 45.7
Improved 40 spots from last year
-12.6 below state avg
553 students Diverse
Rising School Diverse Student Body
Grades PK-08
C-
Winter Hill Community School
1.9 mi | #287 of 352 | Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students Diverse
Diverse Student Body
Grades PK-08
C+
East Somerville Community School
2.0 mi | #245 of 352 | Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students Diverse
Grades PK-08
Tufts Educational Day Care Center
0.2 mi
Grades PK-K
A+
Benjamin G Brown School
0.4 mi | #78 of 824 | Score: 60.5
Dropped 61 spots from last year
+2.3 above state avg
219 students Diverse
Strong Attendance
Grades K-05
Capuano Early Childhood Center
2.1 mi
250 students Very Diverse
Diverse Student Body
Grades PK-01
M

Middle Schools

1 school
Next Wave Junior High School
1.6 mi
16 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
F
Full Circle High School
1.6 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
1.6 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
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Monthly Payment Calculator

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

Principal & Interest $0
Property Tax $960
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
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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.

Property History

Property Timeline

🏠
Listed for Sale
Jun 4, 2026
$1,380,000
Original listing
Agent: Patricia Reilly Office: RE/MAX Real Estate Center

Price & Status History

Date Event Price Change
Jun 4, 2026 New Listing Added $1,380,000

Market Statistics

Time on Market
2 hours 9 minutes
Price per Sq Ft
$836

Tax History

Year Taxes Assessment
2026 $11,517 $1,428,200

Financial Details

Annual Property Tax
$11,517
Tax Year 2026
Assessed Value
$1,428,200

Listing Information

Listing Agent Patricia Reilly
Listing Office RE/MAX Real Estate Center
Agent MLS ID BB801934
Office MLS ID AN8908
Listing Data Updated Jun 4, 2026 3:42 PM 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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