7 Washington St Somerville, MA 02143
East Somerville NeighborhoodEstimated payment $8,348/month
Highlights
- Medical Services
- New Construction
- Park
- Somerville High School Rated A-
- Property is near public transit
- 2-minute walk to Florence Playground
About This Home
Rare high density development opportunity in Somerville with ZBA approved plans for up to 10 units. This is a prime chance to invest in one of Somerville’s most sought-after neighborhoods. Currently used as a tenanted single-family residence, this MR-4 zoned lot allows for 4-story development - ideal for condo sellout, or multi-family hold. located less than 0.4 miles from the Green Line Extension and just minutes from Sullivan Square, Union Square, and Route 93, this property offers exceptional accessibility. Easy access into Boston and Assembly. Plans can either be advanced or modified to suit your vision, with options for lower unit count / create larger units.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,799
Year Built
- Built in 2025 | New Construction
Lot Details
- 3,262 Sq Ft Lot
- Gentle Sloping Lot
Home Design
- Home to be built
Interior Spaces
- 10,000 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 17 Bedrooms
- 12 Full Bathrooms
Location
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number 761382
Community Details
Amenities
- Medical Services
- Shops
Recreation
- Park
- Bike Trail
Additional Features
- 10 Units
- Net Operating Income $23,976
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 | $8,812 | $807,700 | $387,300 | $420,400 |
| 2024 | $8,399 | $798,400 | $387,300 | $411,100 |
| 2023 | $7,870 | $761,100 | $387,300 | $373,800 |
| 2022 | $7,275 | $714,600 | $368,800 | $345,800 |
| 2021 | $7,136 | $700,300 | $363,800 | $336,500 |
| 2020 | $6,799 | $673,800 | $349,800 | $324,000 |
| 2019 | $5,975 | $555,300 | $290,200 | $265,100 |
| 2018 | $5,067 | $448,000 | $232,000 | $216,000 |
| 2017 | $4,819 | $412,900 | $218,900 | $194,000 |
| 2016 | $4,050 | $323,200 | $153,800 | $169,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $1,390,000 | -- | $931 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $750,000 | -- | |
| Deed | $348,000 | -- | |
| Deed | -- | -- | |
| Deed | $278,400 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $562,500 | New Conventional | |
| Previous Owner | $278,400 | Purchase Money Mortgage | |
| Previous Owner | $69,600 | No Value Available | |
| Previous Owner | $180,000 | No Value Available | |
| Previous Owner | $230,000 | Purchase Money Mortgage | |
| Previous Owner | $208,800 | No Value Available | |
| Previous Owner | $208,800 | Purchase Money Mortgage | |
| Previous Owner | $35,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73382246
APN: SOME-000105-D000000-000019
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