Seller's Agent in 2025
Ryan Taylor
Fortune RE
(774) 270-4020
1 in this area
29 Total Sales
359 Lowell St Somerville, MA 02145
Magoun Square Neighborhood
2
Beds
2.5
Baths
4,326
Sq Ft
3,173
Sq Ft Lot
Highlights
- No HOA
- Window Unit Cooling System
- 2-minute walk to Henry O. Hansen Park
- Somerville High School Rated A-
- Central Heating
About This Home
As of January 2025UPDATED ZONING STUDY - 7 units /1 Affordable. Opportunity to acquire MR4 zoned parcel in Magoun Square, less than a 1⁄4 mile from the newly opened Magoun Square GLX station. The 3,173 SF parcel abuts 3/4 of an Acre of MR4 zoned parcels on all sides and currently has a 4,350 SF existing structure generating $4,132/month with leases ending 8/31/24. An initial massing study indicated a 4-story 6,375 SF structure consisting of up to 8 units may be feasible. 359 Lowel Street’s proximity to Magoun Square station is situated within a Transit Zone affording no minimum parking requirements.Existing structure consists of Two Levels, 2,150 SF each. Renovated 2 Bed 2 Bath unit on the top floor and flex/open space on the first floor. Great ceiling height on both floors. Lots of possible options to increase value over the term of ownership. . Seller and Broker make no representations, expressed or implied with respect to the development potential of the property.
Co-Listed By
Brayden Haney
Fortune RE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,787
Year Built
- Built in 1910
Lot Details
- 3,173 Sq Ft Lot
- Property is zoned MR4
Home Design
- 4,326 Sq Ft Home
- Split Level Home
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 2 Bedrooms
Parking
- Driveway
- Open Parking
Utilities
- Window Unit Cooling System
- Central Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 753403
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 13, 2001
Sold by
Marino Grace
Bought by
Mason Mark T and Garner Robin
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Outstanding Balance
$96,958
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,321,825
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $277,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $264,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $975,000 | -6.7% | $225 / Sq Ft |
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | For Sale | $1,044,900 | 0.0% | $242 / Sq Ft |
| 10/29/2024 10/29/24 | Off Market | $3,045 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $3,100 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $3,045 | -- | -- |
| 09/26/2024 09/26/24 | For Rent | $3,045 | 0.0% | -- |
| 09/15/2024 09/15/24 | For Rent | $3,045 | -1.8% | -- |
| 08/26/2024 08/26/24 | For Rent | $3,100 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $11,603 | $1,063,500 | $382,400 | $681,100 |
| 2024 | $10,787 | $1,025,400 | $382,400 | $643,000 |
| 2023 | $12,972 | $1,254,500 | $382,400 | $872,100 |
| 2022 | $11,976 | $1,176,400 | $364,200 | $812,200 |
| 2021 | $11,168 | $1,096,000 | $346,800 | $749,200 |
| 2020 | $10,411 | $1,031,800 | $333,500 | $698,300 |
| 2019 | $10,630 | $987,900 | $283,100 | $704,800 |
| 2018 | $10,154 | $897,800 | $273,000 | $624,800 |
| 2017 | $9,365 | $802,500 | $254,700 | $547,800 |
| 2016 | $8,890 | $709,500 | $220,200 | $489,300 |
| 2015 | $8,451 | $670,200 | $196,300 | $473,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Taylor
-
B
Seller Co-Listing Agent in 2025
Brayden Haney
Fortune RE
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73329727
APN: SOME-000041-A000000-000056
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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