NOT LISTED FOR SALE

Estimated Value: $3,347,000

0.27 Acre
$12,396,296 Price per Acre
11,761 Sq Ft Lot

Sale Details

Date Sold: November 22, 2024

Last sale price $5,600,000 $2,990 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $21,743 / mo

28 Days on Market

Highlights

  • 0.27 Acre Lot
  • Property is near public transit
  • Park
  • Somerville High School Rated A-
  • No HOA
  • Level Lot

About This Lot

As of November 2024

The Lumina is a fully permitted and approved 40-unit development opportunity located in the heart of Union Square, Somerville, Massachusetts. Full Construction Document Set Available on Crexi. This mid-rise building, encompassing 35,971 gross square feet with 28,949 net rentable square feet, is ready for construction to commence. It boasts a building permit, an open MWRA permit, and an available demolition permit. Approved for four stories, The Lumina is strategically placed adjacent to the new Union Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area.

Last Agent to Sell the Property

Mike Kuritnik

Greenville Real Estate Group, Inc. Listed on: 09/03/2024

Last Buyer's Agent

Oleg Elisev

Greenville Real Estate Group, Inc.

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Property Details

Property Type

  • Land

Lot Details

  • 11,761 Sq Ft Lot
  • Level Lot

Location

  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 5229580

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Electricity Available at Street

Property Details

Property Type

Land

Lot Details

0.27 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: NB2539
  • MAIN SO: NB2539

Exterior Features

  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Utilities

  • Sewer: At Street
  • Gas: At Street
  • Electric: At Street
  • Water Source: At Street

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Park
  • Senior Community YN: No

Lot Info

  • Parcel Number: 5229580
  • Zoning: 9999999999
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Sidewalks
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 9999
  • Tax Annual Amount: 99999999

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 1987
Sold by
Bought by
Current Estimated Value
$3,347,000
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$177,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $400,000
Closed $271,000
Closed $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2024 11/22/24 Sold $5,600,000 -12.4% $2,990 / Sq Ft
09/03/2024 09/03/24 For Sale $6,390,000 +480.9% $3,412 / Sq Ft
04/10/2017 04/10/17 Sold $1,100,000 -21.4% $438 / Sq Ft View Prior Sale
03/04/2017 03/04/17 For Sale $1,400,000 -- $558 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $15,353 $1,484,800 $787,900 $696,900
2022 $14,603 $1,434,500 $750,400 $684,100
2021 $13,570 $1,331,700 $714,700 $617,000
2020 $12,740 $1,262,600 $687,200 $575,400
2019 $11,610 $1,079,000 $583,500 $495,500
2018 $10,700 $946,100 $530,500 $415,600
2017 $8,806 $754,600 $480,400 $274,200
2016 $9,163 $731,300 $472,300 $259,000
2015 $8,677 $688,100 $435,600 $252,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73283978

MLS Property Information Network (MLS PIN)

APN: SOME-000082-D000000-000012

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