CCertihomes
21 Allen Street, Somerville, MA 02143

$7,950,000

76 beds 91 baths 47,572 sqft Built 202556 days on marketActive

About this home

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.

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
$51,151/mo

Real estate (PITI + HOA + PMI)
$52,908
Principal + interest$36,057
Property tax + insurance$13,870
PMI / 2nd mortgage$2,981
Utilities
$2,001
Heating + cooling$839
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$120
Car insurance + maintenance$120
Other (entertainment)
$157
$51,151/mo TLC
Budget$51,651/mo
Remaining after TLC$500/mo
Purchase price
$7,950,000
Down payment
$397,500 (5%)
Loan amount
$7,552,500
APR
4%

Quick facts

Type
5+ Family - 5+ Units Up/Down
Style
Year built
2025
Lot size
0.41 ac
Stories
12
Heating
Cooling
Water
Public
HOA
Annual tax
$57,409
MLS #
73211289
County
Middlesex

Home features

Community
Public TransportationShoppingBike PathPublic SchoolT-StationUniversity
Sewer
Public Sewer

Lot features

Cleared, Level

Neighborhood — 02143

MetricThis ZIPCountyUSA
Population25,9986,444,931299,088,112
Population Change Since1990-2.00%7.00%20.00%
Population Density16,860786
Male12,8553,127,134147,432,321
Female13,1433,317,797151,655,844
Never Married12,0511,612,88563,775,926
Married7,2382,586,314123,120,365
Separated1,155247,85712,639,686
Widowed1,217363,59415,467,586
Divorced1,491436,88823,075,029
Number Of House Hold11,4432,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age32.9637.2535.46
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 R5.00%5.00%
W C J76.32%81.38%77.74%
(Zip) Code
2143

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

Map & walkability

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MLSPIN

Listing information last refreshed 3/12/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.