CCertihomes
453 Somerville Ave, Somerville, MA 02143

$1,750,000

0 beds 0 baths 7,813 sqft Built 1930Active

About this home

Prime Development Opportunity! Lot for Sale: Just Under 5, 000 Sq Ft. Attention Developers! This exceptional lot offers a rare chance to create a dynamic mixed-use development in a highly sought-after location. Zoned for commercial use and already approved for 3 residential units and 1 commercial unit, this property presents a myriad of possibilities. Zoned for commercial use with residential unit approval. Direct elevator access for convenience and accessibility. Spacious 2194-2565 Sq Ft units designed for modern living. Ideal location within walking distance to Union Square. Abundance of nearby amenities including restaurants, bars, and shopping. Across from Greentown Labs, Extra Space Storage, and Market Basket. Easy access to Conway Field and hockey rink for recreational activities. Harvard, MIT and Tufts University all nearby. Don't miss out on this incredible opportunity to create a vibrant and profitable development in one of the most desirable areas.

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
$11,395/mo

Real estate (PITI + HOA + PMI)
$11,405
Principal + interest$7,937
Property tax + insurance$2,812
PMI / 2nd mortgage$656
Utilities
$845
Heating + cooling$261
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$120
Car insurance + maintenance$120
Other (entertainment)
$157
$11,395/mo TLC
Budget$11,895/mo
Remaining after TLC$500/mo
Purchase price
$1,750,000
Down payment
$87,500 (5%)
Loan amount
$1,662,500
APR
4%

Quick facts

Type
COM
Style
Year built
1930
Lot size
0.11 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$11,087
MLS #
73223242
County
Middlesex

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 4/11/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.