13-17 Allen St, Somerville, MA 02143

$6,400,000

0 beds 0 baths —4 days on marketActive

About this home

The Lumina is a fully permitted and approved 40-unit development opportunity located in the heart of Union Square, Somerville, Massachusetts. This mid-rise building, encompassing 35, 971 gross square feet with 28, 949 net rentable square feet, is ready for construction to commence. It boasts a building permit, an open MWRA permit, and an available demolition permit. Approved for four stories, The Lumina is strategically placed adjacent to the new Union Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area.

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

$8,370,187/mo

Real estate (PITI + HOA + PMI): $8,371,650
Utilities: $1,427
Transportation: $120
Other (entertainment): $157

Your monthly budget

Budget$8,370,687/mo

Remaining after TLC$500/mo

Purchase price

$6,400,000

Down payment

$320,000 (5%)

Loan amount

$6,080,000

APR

Quick facts

Type

Residential

Style

—

Year built

—

Lot size

0.27 ac

Stories

Heating

—

Cooling

—

Water

At Street

HOA

—

Annual tax

$99,999,999

MLS #

73209071

County

Middlesex

Home features

Community

Public TransportationPark

Sewer

At Street

Lot features

Level, Sidewalks

Neighborhood — 02143

Metric	This ZIP	County	USA
Population	25,998	6,444,931	299,088,112
Population Change Since1990	-2.00%	7.00%	20.00%
Population Density	16,860	786	—
Male	12,855	3,127,134	147,432,321
Female	13,143	3,317,797	151,655,844
Never Married	12,051	1,612,885	63,775,926
Married	7,238	2,586,314	123,120,365
Separated	1,155	247,857	12,639,686
Widowed	1,217	363,594	15,467,586
Divorced	1,491	436,888	23,075,029
Number Of House Hold	11,443	2,431,591	111,826,380
Average House Hold Size	2.23	2.56	2.60
Medial Age	32.96	37.25	35.46
Median House Hold Income	$49,818	$57,698	$48,276
Average House Hold Income	$56,671	$75,023	$63,629
P C I	$25,726	$29,196	$24,529
M D I	$42,538	$48,105	$41,133
A T H E	$47,532	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	76.32%	81.38%	77.74%

(Zip) Code

2143

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

Map & walkability

Walk Score

See walkability, transit, and bike scores for 13-17 Allen St, Somerville, MA 02143 on walkscore.com →

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Listing information last refreshed 3/6/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.