199 Elm St Somerville, MA 02144
Porter Square NeighborhoodEstimated payment $11,457/month
Highlights
- Property is near public transit
- 5-minute walk to Davis Station
- Tennis Courts
- Somerville High School Rated A-
- No HOA
- 3-minute walk to Kenney Park
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $18,144
Lot Details
- 3,601 Sq Ft Lot
- Level Lot
- Property is zoned MR4
Location
- Property is near public transit
- Property is near schools
Utilities
- Electricity To Lot Line
Listing and Financial Details
- Assessor Parcel Number 750612
Community Details
Recreation
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Additional Features
- No Home Owners Association
- Shops
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | -- | $996,900 | $761,900 | $235,000 |
| 2024 | -- | $996,900 | $761,900 | $235,000 |
| 2023 | $0 | $996,900 | $761,900 | $235,000 |
| 2022 | $0 | $996,900 | $761,900 | $235,000 |
| 2021 | $0 | $996,900 | $761,900 | $235,000 |
| 2020 | $0 | $996,900 | $761,900 | $235,000 |
| 2019 | $0 | $947,000 | $725,600 | $221,400 |
| 2018 | $0 | $931,800 | $725,600 | $206,200 |
| 2017 | -- | $880,700 | $684,600 | $196,100 |
| 2016 | -- | $928,800 | $761,600 | $167,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 03/05/2024 03/05/24 | For Sale | $1,900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | -- | |
| Deed | $265,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $105,000 | Commercial | |
| Previous Owner | $272,000 | Commercial | |
| Previous Owner | $121,000 | No Value Available | |
| Previous Owner | $122,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73208496
APN: SOME-000026-C000000-000011
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