$8,500,000
Active501 Mystic Valley Parkway
Somerville, MA, 02144
Land · MLS #73552820
Days on market
8 days
Lot size
0.92 ac
0.92 acres
Lot
About this home
Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somervilles zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somervilles West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.
Location
501 Mystic Valley Parkway, Somerville, MA, 02144
Property details
- Electric
- 110 Volts
Listed by Christopher Sower · Cushman & Wakefield
Schedule a showing
501 Mystic Valley Parkway
Estimated payment
$55,740 / month
Loan term
- Principal & interest
- $43,699
- Property tax
- $8,500
- Home insurance
- $3,542
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).