199 Elm Street Somerville, MA
$1,900,000
Acres 0.08
Description
Rare potential development opportunity ideally located in bustling Davis Square Somerville. This 3,601 sq/ft piece of land is zoned MR4 and is currently improved by a two-story structure totaling 1,491 sq/ft plus an additional 852 sq/ft in the unfinished basement. The property is currently used as the offices and parking for a publishing company. The property is located just a .3 mile walk to the Davis Square T Station (Red Line) and a .4 mile walk to the Porter Square T Station (Red Line and Commuter Rail). A 21E was conducted by the current owner in 1997. See all documents attached to MLS for further information. Seller and seller's agent make no representations as to the potential development of the site. Buyer and/or buyer's agent to conduct their own due diligence.
Listed by Gibson Sotheby's International Realty, Anthony Bruno
Details
MLS 73208496
Status Pending
Price $1,900,000
DOM 283 days
Type Lot/Land
Lot Size 0.08 acres
Lot & Building Features
Sewer On-Site, Public Sewer
Tax Year 2024
Taxes Paid $18,144
Water On-Site, Public
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Financing
$
6.75%
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$
per month
Principal & Interest
Monthly Taxes
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Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.