CCertihomes
199 Elm Street, Somerville, MA 02144

$1,900,000

0 beds 0 baths Built 1920Active

About this home

Rare potential development opportunity ideally located in bustling Davis Square Somerville. This 3, 601 sq/ft piece of land is zoned MR4 and is currently improved by a two-story structure totaling 1, 491 sq/ft plus an additional 852 sq/ft in the unfinished basement. The property is currently used as the offices and parking for a publishing company. The property is located just a .3 mile walk to the Davis Square T Station (Red Line) and a .4 mile walk to the Porter Square T Station (Red Line and Commuter Rail). A 21E was conducted by the current owner in 1997. See all documents attached to MLS for further information. Seller and seller's agent make no representations as to the potential development of the site. Buyer and/or buyer's agent to conduct their own due diligence.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$13,489/mo

Real estate (PITI + HOA + PMI)
$13,355
Principal + interest$8,617
Property tax + insurance$4,025
PMI / 2nd mortgage$713
Utilities
$1,229
Heating + cooling$453
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$13,489/mo TLC
Budget$13,989/mo
Remaining after TLC$500/mo
Purchase price
$1,900,000
Down payment
$95,000 (5%)
Loan amount
$1,805,000
APR
4%

Quick facts

Type
COM
Style
Year built
1920
Lot size
0.08 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$18,144
MLS #
73208497
County
Middlesex

Neighborhood — 02144

MetricThis ZIPCountyUSA
Population21,9206,444,931299,088,112
Population Change Since1990-5.00%7.00%20.00%
Population Density20,395786
Male10,4183,127,134147,432,321
Female11,5023,317,797151,655,844
Never Married11,6921,612,88563,775,926
Married5,3202,586,314123,120,365
Separated684247,85712,639,686
Widowed1,127363,59415,467,586
Divorced1,003436,88823,075,029
Number Of House Hold8,6182,431,591111,826,380
Average House Hold Size2.262.562.60
Medial Age29.6737.2535.46
Median House Hold Income$61,647$57,698$48,276
Average House Hold Income$68,047$75,023$63,629
P C I$28,196$29,196$24,529
M D I$51,042$48,105$41,133
A T H E$53,965$57,083$50,898
S T R5.00%5.00%
W C J80.99%81.38%77.74%
(Zip) Code
2144

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 3/5/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.

199 Elm Street · Somerville — $1,900,000 · Certihomes