aisellshomes.space

$1,599,999

Active

1-3 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

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$10,357 / month

Down payment20% · $320,000
Interest rate6.50%

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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