For more information on this property, contact Katya Pitts at 617335-8552 or katya.a.pitts@gmail.com

281 Highland Ave
Somerville, Massachusetts MA 02143
Sold For: $6,050,000
Listing ID 73017870
Status Closed
Bedrooms 31
Full Baths 14
Total Baths 14
SqFt 13,000
Acres 0.250
Year Built 1900

Property Description:

Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.

Primary Features

County: Middlesex
Property Sub Type: 5+ Family - 5+ Units Up/Down
Property Type: Residential Income
Year Built: 1900

Interior

Basement: Full, Interior Entry, Concrete, Slab, Unfinished
Bathrooms Total Decimal: 14
Building Area Units: Square Feet
Heat Units: 1
Living Area: 13000
Rooms Total: 71
Stories Total: 3

External

Construction Materials: Brick
Covered Spaces: 7
Electric: 110 Volts, 220 Volts
Farm Land Area Units: Square Feet
Foundation Details: Stone, Granite
Frontage Length: 100.00
Garage: 1
Garage Spaces: 7
Lot Size Area: 0.25
Lot Size Square Feet: 11000
Lot Size Units: Acres
Number Of Units Total: 14
Open Parking: 1
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 14
Road Frontage Type: Public
Roof: Rubber
Sewer: Public Sewer
Water Source: Public

Location

Building Area Source: Public Records
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Country: US
Directions: Google
MLS Area Major: Powderhouse
Waterfront: no
Zoning: UR

Additional

Lead Paint: Unknown
Listing Alert: No
Mls Status: Sold
Offline List Number: 3473190
SqFt Disclosures: Living area based on floorplan estimates and public record
SqFt Includes Basement: No
Team Member: BB809119,CN226056
Year Built Details: Actual
Year Built Source: Public Records
Year Round: Yes

Financial

Buyer Agency Compensation: 1.5
Compensation Based On: Gross/Full Sale Price
Current Financing: Other
Disclosure: N
Disclosures: Owner to seek use & occupancy agreement for management unit (#281-1A F) through 8/31/23.
Down Payment Resource: No
Financial Data Source: Owner, Pro. Forma Available
Lease 1: Y
Lease 2: Y
List Price Per SqFt: 537.69
Price Per SqFt: 465.38
Sub Agency Offered: No
Tax Annual Amount: 26261
Tax Assessed Value: 2579700
Tax Year: 2022

Zoning Info


Area Info


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