359 Lowell
Somerville, MA 02145
- 2 beds
- 3 baths
- 4,326 sqft
- 3,173 sqft lot
- $225 per sqft
- 1910 build
- – on site
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UPDATED ZONING STUDY - 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Last checked:
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Last updated Feb 27, 2025
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MLS# 73329727 —
The Building
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Year Built:1910
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Year Built Details:Actual
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Year Built Source:Public Records
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Foundation Details:Concrete Perimeter
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Levels:Multi/Split
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Building Area Total:4326
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Rooms Total:7
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Fireplace:false
Room Dimensions
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Living Area:4326
Location
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Directions:Google Maps
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Latitude:42.395924
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Longitude:-71.103793
The Property
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Parcel Number:753403
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Lot Size Units:Acres
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Lot Size Area:0.07
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Lot Size SqFt:3173
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Lot Size Acres:0.07
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Zoning:MR4
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Waterfront:false
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Farm Land Area Units:Square Feet
Listing Agent
- Contact info:
- Office phone:
- (617) 874-1000
Taxes
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Tax Year:2024
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Tax Book Number:1
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Tax Annual Amount:10787.21
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Tax Assessed Value:1025400
Beds
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Bedrooms Total:2
Baths
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Total Baths:2.5
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Total Baths:3
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Full Baths:2
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Half Baths:1
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Window Unit(s)
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:false
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Spa:false
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Association:false
Parking
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Garage:false
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Parking Features:Paved Drive
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Open Parking:true
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/31/25
Jan 31, 2025
|
Sold | MLSPIN | $975,000 | -6.7% |
1/27/25
Jan 27, 2025
|
Pending | MLSPIN | $1,044,900 | |
10/9/24
Oct 9, 2024
|
Price Changed | MLSPIN |