11 days on rocket

1 Washington St, Somerville, MA, 02143

$1,449,500

Home List Price

$10,000*

Closing Credit

6 Bedrooms
2 Full Baths
2,359 SqFt
$614/SqFt
Multi
Schools Nearby

Location

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1 Washington St, Somerville$1,449,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street
Year Built1900
MLS #73235744
Lot Size0.08 Acres
StatusActive

About 1 Washington St

1 Washington Street presents an enticing opportunity for end-users, investors, and developers seeking transit-oriented real estate. The property features a fully leased 6-bedroom, 2-bathroom duplex with ample parking spaces. Offering substantial in-place income, the property also holds promising potential for future value enhancement. Situated within an MR-4 zoning designation, it permits a 4-story mixed-use development as of right. Strategically positioned at the junction of Somerville and Charlestown, 1 Washington Street benefits from close proximity to key areas in both locales and taps into the burgeoning life science activity in Somerville and Cambridge. Residents enjoy convenient access to Union Square and swift transportation links to Boston via Sullivan Square and East Somerville train stations, fostering a rich array of employment and entertainment options. This offering represents a prime opportunity to leverage the dynamic growth of the Somerville submarket.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,359 SqFt

Listing Office:

  • Office Name: Boston Realty Advisors
  • Listing Agent: Daniel Alper

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.08 Acres

School Info

Assigned Schools Information:

  • Somerville High School, Public District Grades 9-12
  • E Somerville Community, Public District Grades KG-8
  • Albert F. Argenziano School At Lincoln Park, Public District Grades PK-8
  • Winter Hill Community, Public District Grades PK-8
  • Benjamin G Brown, Public District Grades KG-6

Other

Directions Information:

  • Directions: Property located on the corner of Crescent and Washington.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,449,500
  • Price Per SqFt: $614/SqFt

Agent Commission:

  • Buyer's Agent Commission: 1.5

Tax Information:

  • Annual Amount: $8,111
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Somerville, MA.

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Somerville, MA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$630

Avg. Days On Market

37

# of Sold Homes

42

1 Washington St vs Somerville

11 DAYS ON ROCKET

-26 Days

$1,449,500

+$419.5K More

$614/SqFt

-$16 Less

KEY TAKEAWAY

This property is $419.5K more than the Median Sold Price and $16/SqFt less than other homes in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73235744

Listing Office:

  • Office Name: Boston Realty Advisors
  • Listing Agent: Daniel Alper

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/20/2024, 4:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 22, 2007Home Sold
$399,000
Apr 07, 2003Home Sold
$266,600

Tax History

YEARPROP. TAXASSESSMENT
2021$8,111$796,000
2020$7,650$758,200
2019$7,155$665,000
2018$6,379$564,000
2017$4,824$413,400

History based on county public records data.

Payment Calculator

$7,302

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,412

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4378391
10
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 1.98 miles

  • Public District Grades KG-6

Middle School

school-card-donut-4378392
3
/10

  • E Somerville Community

  • 50 Cross St

  • 0.43 miles

  • Public District Grades KG-8

school-card-donut-4378393
5
/10

  • Albert F. Argenziano School At Lincoln Park

  • 290 Washington St

  • 0.93 miles

  • Public District Grades PK-8

school-card-donut-4378394
2
/10

  • Winter Hill Community

  • 115 Sycamore St

  • 1.11 miles

  • Public District Grades PK-8

High School

school-card-donut-4378395
5
/10

  • Somerville High School

  • 81 Highland Ave

  • 0.89 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,641. Typical income of Somerville, MA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02143›1 Washington St

This home is located at 1 Washington St in Somerville, MA and zip code 02143 in the East Somerville neighborhood. This 2,359 square foot home, which was built in 1900, sits on a 0.08 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $1,449,500.

Over 21 listings were sold over their listed price in April 2024 in Somerville, MA. In the same period over 15 listings were sold below the listed price and 6 listings were sold for the listed price. Between March 2024 and April 2024, Somerville, MA real estate market has seen increase in the number of listings by 28.9%. While the average time on the market in April 2024 was 37 days, the median list price was $1,029,983.

From Rocket Homes Real Estate and based on county public records data.

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