21 days on rocket

241 Highland Ave, Somerville, MA, 02143

$1,800,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
4,247 SqFt
$424/SqFt
Multi
Schools Nearby

Location

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241 Highland Ave, Somerville$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
Year Built1900
HeatingNatural Gas
MLS #73221310
Lot Size0.07 Acres
StatusActive

About 241 Highland Ave

This meticulously maintained three-family building boasts a prime location and is fully leased to a vibrant community of young professionals. Additionally, it features coveted retail space on the ground floor, across from Somerville Hospital, offering endless possibilities for entrepreneurial ventures. Key Features: Fully Leased: Enjoy immediate returns on your investment with all three residential units occupied by young professionals. This ensures a steady stream of rental income from day one. Prime Location: Situated in the heart of Somerville, this property benefits from the bustling atmosphere of Highland Ave. With convenient access to public transportation, restaurants, and amenities, it attracts tenants seeking convenience and lifestyle. Retail Space: The first floor presents an exciting opportunity for retail businesses to thrive across from Somerville Hospital. Whether it's a cozy cafe, boutique shop, or professional office, this versatile space offers endless pot

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 4,247 SqFt

Listing Office:

  • Office Name: Harmony Hill Realty LLC
  • Listing Agent: Junyu Luo

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Somerville High School, Public District Grades 9-12
  • John F Kennedy, Public District Grades PK-8
  • Winter Hill Community, Public District Grades PK-8
  • Arthur D Healey, Public District Grades KG-8
  • Benjamin G Brown, Public District Grades KG-6

Other

Directions Information:

  • Directions: Use Google Map.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $424/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2
  • Seller's Agent Commission: 2
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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

$635

Avg. Days On Market

35

# of Sold Homes

35

241 Highland Ave vs Somerville

21 DAYS ON ROCKET

-14 Days

$1,800,000

+$776.2K More

$424/SqFt

-$212 Less

KEY TAKEAWAY

This property is $776.2K more than the Median Sold Price and $212/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: #73221310

Listing Office:

  • Office Name: Harmony Hill Realty LLC
  • Listing Agent: Junyu Luo

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: 4/29/2024, 10:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $808,000
2020 - $778,400
2019 - $705,600
2018 - $670,600
2017 - $642,400

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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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-3361668
9
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.50 miles

  • Public District Grades KG-6

Middle School

school-card-donut-3361669
8
/10

  • John F Kennedy

  • 5 Cherry St

  • 0.38 miles

  • Public District Grades PK-8

school-card-donut-3361670
5
/10

  • Winter Hill Community

  • 115 Sycamore St

  • 0.55 miles

  • Public District Grades PK-8

school-card-donut-3361671
4
/10

  • Arthur D Healey

  • 5 Meacham St

  • 0.85 miles

  • Public District Grades KG-8

High School

school-card-donut-3361672
4
/10

  • Somerville High School

  • 81 Highland Ave

  • 0.68 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 $112,361. Residents of Somerville, MA typically earn between $100k-200k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02143›241 Highland Ave

This home is located at 241 Highland Ave in Somerville, MA and zip code 02143 in the Powderhouse neighborhood. This 4,247 square foot home, which was built in 1900, sits on a 0.07 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $1,800,000.

Somerville, MA housing market in March 2024 saw over 17 listings sold above listed price, more than 2 sold at listed price and over 16 sold below. In March 2024 in Somerville, MA there were 15.2% more homes for sale than in February 2024. In March 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $1,023,750.

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

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