$1,599,999
Active1-3 Woodbine Street
Somerville, MA, 02143
Land · MLS #73467482
Days on market
New today
Lot size
0.11 ac
0.11 acres
Lot
About this home
Transit-oriented luxury multifamily development opportunity ideally located adjacent to the recently improved Junction Park. The proposed development will benefit from unobstructed park views on a corner location at Woodbine and Centre Street.The current owner is in the process of expanding the lot to approximately 4,860 square feet, with final land consolidation expected to be approved in February. Architectural plans and renderings have been prepared for a thoughtfully designed four-unit project consisting of a three-unit primary building and a detached rear cottage. The proposed design leverages the existing two-family structure, significantly reducing construction costs and development risk while maximizing density and end value. A compelling opportunity for developers seeking a plan-ready, transit-oriented project in a high-demand Somerville location.
Property details
- Road type
- Public, Paved, Publicly Maint.
- Electric
- 110 Volts
Listed by Daniel Alper · Boston Realty Advisors
Schedule a showing
1-3 Woodbine Street
Estimated payment
$10,357 / month
Loan term
- Principal & interest
- $8,090
- Property tax
- $1,600
- Home insurance
- $667
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).
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