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359 Lowell, Somerville, MA, 02145

$1,195,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
4,326 SqFt
$276/SqFt
House
Schools Nearby

Location

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359 Lowell, Somerville$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingPaved Drive
Year Built1910
HeatingCentral
CoolingWindow Unit(s)
MLS #73213426
Lot Size0.07 Acres
StatusActive
(Price Changed)

About 359 Lowell

Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a ¼ mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. Prospective Purchasers should verify all development feasibility independently. Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 4,326 SqFt

Listing Office:

  • Office Name: Fortune RE
  • Listing Agent: Ryan Taylor

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Paved Drive

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $276/SqFt

Agent Commission:

  • Buyer'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

359 Lowell vs Somerville

39 DAYS ON ROCKET

+4 Days

$1,195,000

+$171.2K More

$276/SqFt

-$360 Less

KEY TAKEAWAY

This property is $171.2K more than the Median Sold Price and $360/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: #73213426

Listing Office:

  • Office Name: Fortune RE
  • Listing Agent: Ryan Taylor

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: 4/27/2024, 7:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1084974
9
/10

  • Benjamin G Brown

  • 201 Willow Ave

  • 0.54 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1084975
5
/10

  • Winter Hill Community

  • 115 Sycamore St

  • 0.38 miles

  • Public District Grades PK-8

school-card-donut-1084976
4
/10

  • Arthur D Healey

  • 5 Meacham St

  • 0.45 miles

  • Public District Grades KG-8

school-card-donut-1084977
8
/10

  • John F Kennedy

  • 5 Cherry St

  • 0.79 miles

  • Public District Grades PK-8

High School

school-card-donut-1084978
4
/10

  • Somerville High School

  • 81 Highland Ave

  • 0.71 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 $69,223. The majority of Somerville, MA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 359 Lowell

What is the listing price of this property?

The listing price of 359 Lowell property is $1,195,000.

What type of property is this?

The property 359 Lowell is a house located in Somerville, Massachusetts, 02145.

Is this property for sale now?

Active Listing: 359 Lowell is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 359 Lowell are:
Benjamin G Brown: GreatSchools Rating 9/10
Winter Hill Community: GreatSchools Rating 5/10
Arthur D Healey: GreatSchools Rating 4/10
John F Kennedy: GreatSchools Rating 8/10
Somerville High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 359 Lowell has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 359 Lowell is 4,326 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 359 Lowell is 1910.

Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›359 Lowell

This home is located at 359 Lowell in Somerville, MA and zip code 02145 in the Winter Hill / Magoun neighborhood. This 4,326 square foot home, which was built in 1910, sits on a 0.07 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $1,195,000.

In March 2024, from all listings sold in Somerville, MA there were more than 17 sold above asking price, over 16 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Somerville, MA increased by 15.2% between February 2024 and March 2024. Listings spent 35 days on the market in March 2024, and had a median list price of $1,023,750 during the same period.

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

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