Price Reduction - Views
Address
21 Allen Street, Somerville, MA
Price
$ 8,250,000
Property Attributes
- MLS#73211304
- TypeLand
- CountyMIDDLESEX
- CitySomerville
- Zip02143
- StyleLevel,Cleared
- Taxes$ 57409
- Price$ 8,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.41 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.
| Price History | |
|---|---|
| 3/12/2024 | Listed $8,790,000 |
| 4/23/2024 | 7% - $8,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Zoning | UR |
| Gas Y/N | At Street |
| Electric | At Street |
| View | City |
| Property SubType | Residential |
| Tax Year | 2024 |
| Community Features | Public Transportation,Park,Walk/Jog Trails,Medical Facility,Bike Path,Highway Access,Private School,Public School,T-Station,University |
| County | Middlesex |
| Property Type | Land |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | 200' North on Bennet Ct from Union Square GLX station |
| City | Somerville |
| Disclosures | Seller has ownership interest in Fortune RE. |
| View Y/N | Yes |
| Senior Community Y/N | No |
| Lot Size Square Feet | 17873 |
| Waterfront Y/N | No |
| Street Name | Allen Street |
| Tax Annual Amount | 57409.4 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Tax Assessed Value | 5378000 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Exterior Features
| Fencing | Fenced/Enclosed |
|---|---|
| Lot Features | Level,Cleared |
| Water Source | Public |
| Lot Size Area | 0.41 |
| Lot Size Acres | 0.41 |
| Lot Size Units | Acres |
| Road Frontage Type | Public,Private Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 02143
Price
Visits
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