INVESTORS-UNDER ASSESSED VALUE! Discover the best opportunity in Somerville at only $520 per square foot. This property includes 6 garage parking spaces and is perfect for a 1031 EXCHANGE OPPORTUNITY. Three custom-designed side by side townhouses, each with two garage spaces. An award-winning developer has crafted each home with a chef's kitchen featuring Bertazzoni ranges, SS Appliances, and gleaming hardwood floors. The open-concept living room, dining room, and kitchen lead directly to a walk-out patio. On the second level, there are two bedrooms, laundry facilities, a full bathroom, and an office nook. The top floor boasts a spacious primary bedroom suite with two walk-in closets, a double vanity, and a spa-like walk-in shower. Each unit features a private balcony with unobstructed views of the Mystic River and Encore Casino. Constructed in 2018 with soundproofing and a FIRE SPRINKLER/ALARM system, Amenity Score 8.3 Walk Score 7.8 Park Score 9.8 Schools 9.8 Wellness 8.8.
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Last Updated: November 6th, 2024 at 9:08am
Highway Access
House Of Worship
Public School
Shopping
Park
Public Transportation
University
General Information for 640 Mystic Ave, Somerville, Massachusetts 02145
Property TypeResidential Income
Property Sub TypeMulti Family
Price$2,649,000
Price per sqft$519.82
MLS #73235507
Handicap Access / FeaturesNo
List Date2024-05-09
Special Listing ConditionsNo
StateMassachusetts
Street NameMystic Ave
CitySomerville
Zip Code02145
CountyMiddlesex
MLS Status
Covered Parking Spaces6
Heating Y/NYes
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5096
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces6
Listing Service
UnparsedAddress640 Mystic Ave, Somerville MA 02145
Zoning
Interior Features for 640 Mystic Ave, Somerville, Massachusetts 02145
* Approx. Living Area Total5,096 sq ft
Living Area Includes BasementNo
Bedrooms9
* # Fireplaces3
Bathrooms (Total)7.5
Full Baths6
* # Half Baths3
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$254
MLS Area (Major)
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_4
MLSPIN_GRE$33,376
MLSPIN_HTE$0
MLSPIN_H_BTHS_11
MLSPIN_H_BTHS_21
MLSPIN_H_BTHS_3 1
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 640 Mystic Ave, Somerville, Massachusetts 02145
* Approximate Lot Size0.09 acres
Covered Parking Spaces6
Lot FeaturesLevel
* Parking Spaces6
* Sewer Utilities
* Water Utilities
* Year Built2017
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsOther
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,100 Sqft
Disclosures for 640 Mystic Ave, Somerville, Massachusetts 02145
Buyer Agent Compensation2.0
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation2.0
TransactionBrokerCompensationType%
BuyerAgencyCompensationType%
Financial Information for 640 Mystic Ave, Somerville, Massachusetts 02145
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$153,000
Insurance Expense$4,998
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_13
MLSPIN_LEVELS_23
MLSPIN_LEVELS_33
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT14100
MLSPIN_RENT24600
MLSPIN_RENT34200
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$153,000
OperatingExpense$33,376
OriginalListPrice$2,750,900
RENT_FEE_INCLUDESNo
TOTAL_RENT12900
WaterSewerExpense$2,159
Lifestyle Information for 640 Mystic Ave, Somerville, Massachusetts 02145
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 640 Mystic Ave, Somerville, Massachusetts 02145
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 640 Mystic Ave, Somerville, Massachusetts 02145
MLSPIN_MARKET_TIME_BROKER180
MLSPIN_MARKET_TIME_PROPERTY180
PurchaseContractDate
Agent Information for 640 Mystic Ave, Somerville, Massachusetts 02145