Offered for sale is a rare to market 12-unit (2 6-unit structures) boutique condo project in close proximity to Davis Square delivered with zoning approvals. The site is located adjacent to world-renowned Tufts University and a short walk to the Davis Square Transit Station. The development boasts 15,691 GSF across 12 Market Rate units with 8-9 off-street surface parking spaces and dedicated outdoor space for each unit. The unit mix consists of (2) 1-Beds, (6) 2-Beds & (4) 3-Beds. Recent sales comps in the immediate vicinity project a sellout of $13,274,500 imputing a 34.97% Return on Cost and an Equity Multiple of 2.4.Project can also be delivered with a building permit for additional consideration.
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Last Updated: October 23rd, 2024 at 4:19am
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General Information for 10 Corinthian Road, Somerville, Massachusetts 02144
Property TypeLand
Property Sub TypeLand
Price$3,950,000
MLS #73271958
Handicap Access / FeaturesNo
List Date2024-07-31
Special Listing ConditionsNo
StateMassachusetts
Street NameCorinthian Road
CitySomerville
Zip Code02144
CountyMiddlesex
MLS StatusCanceled
AssociationNo
Heat Zones
Sold Date
Property Sub TypeLand
AdditionalParcelsYNNo
AvailabilityDate
Close Date
Close Price$0
Gas
Listing Service
UnparsedAddress10 Corinthian Road, Somerville MA 02144
ZoningNR
Interior Features for 10 Corinthian Road, Somerville, Massachusetts 02144
ElectricAt Street
ElectricYes
Electric$0
Electric on PropertyNo
MLS Area (Major)
OffMarketDate22/10/2024
Exterior Features for 10 Corinthian Road, Somerville, Massachusetts 02144
* Approximate Lot Size0.21 acres
Lot FeaturesCorner Lot, Level
* Parking Spaces
* Sewer UtilitiesPublic Sewer
* Water UtilitiesPublic
Approx. Street Frontage
Parking FeaturesNo
Utilities
Cultivated Area
FarmLandAreaUnits
Lot Size (Square Feet)9,315 Sqft
MLSPIN_PERC_TEST
MLSPIN_PERC_TEST_DATE
PastureArea
Wooded Area
Disclosures for 10 Corinthian Road, Somerville, Massachusetts 02144
Buyer Agent Compensation1.75
Contingency
FinancingNo
Disclosures
Documents AvailableNo
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREY
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 10 Corinthian Road, Somerville, Massachusetts 02144
Association Fee$0
Association Fee Frequency
Associaton Fee IncludesNo
AssociationNo
Assessed Value$1,668,800
Real Estate Tax$17,803
Tax Year2024
OriginalListPrice$3,950,000
Lifestyle Information for 10 Corinthian Road, Somerville, Massachusetts 02144
Association AmenitiesNo
Frontage Type
GarageYNNo
WaterviewNo
Waterfront FeaturesNo
Location information for 10 Corinthian Road, Somerville, Massachusetts 02144
Elementary School
High School
NumberOfLots
Marketing History for 10 Corinthian Road, Somerville, Massachusetts 02144
MLSPIN_MARKET_TIME_BROKER83
MLSPIN_MARKET_TIME_PROPERTY83
PurchaseContractDate
Agent Information for 10 Corinthian Road, Somerville, Massachusetts 02144