NOT LISTED FOR SALE

741 Broadway Somerville, MA 02144

4 Beds
6 Baths
6,129 Sq Ft
3,997 Sq Ft Lot

Last Sold January 22, 2024

Last sale price $1,400,000 $228 Per Sq Ft

10 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 4-minute walk to Nathan Tufts Park
  • Somerville High School Rated A-

About This Home

As of January 2024

741 Broadway provides investors, users and business owners the opportunity to own a sizable mixed use property in Somerville's Ball Square neighborhood. Complemented by locally beloved retail and under 2 minutes to the brand new Ball Square Green Line Station, all within walking distance to Tufts University, Davis Square and Magoun Square, 741 Broadway is fantastically located with tremendous residential and business demand. 741 Broadway is a true mixed use property with two 2-bed units on the second and third floor, almost 3,000 SF of leased office/commercial space on the first floor with an additional 1,100 SF of finished space below grade in the basement to use or rent. The Commercial space includes lobby/sitting area, conference rooms, multiple offices and restrooms to lease. Please see floor plans in this listing for layout.741 Broadway is zoned MR4 which allows for Mixed Use or Residential use up to 4 stories typically at 90% lot coverage aside from potential setbacks.

Last Agent to Sell the Property

Daniel Alper

Boston Realty Advisors Listed on: 11/06/2023

Last Buyer's Agent

Daniel Alper

Boston Realty Advisors Listed on: 11/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,171

Year Built

  • Built in 1925

Lot Details

  • 3,997

Home Design

  • 6,129 Sq Ft Home
  • Brick Foundation
  • Block Foundation
  • Slab Foundation
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Interior Basement Entry
  • Dirt Floor
  • Block Basement Construction
  • Crawl Space

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Bulkhead
  • 3,997 Sq Ft Lot

Community Details

  • 4 Units
  • Property has 1 Level

Listing and Financial Details

  • Assessor Parcel Number 749702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,171

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1925
  • Buyer Agency: 2
  • Sub Agent Compensation: 0
  • Transaction Broker: 0
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Other, Other (See Remarks)
  • Fireplace YN: No
  • Appliances: Other
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Total Bathrooms: 5
  • Basement: Crawl Space, Finished, Partially Finished, Interior Entry, Bulkhead, Dirt Floor, Concrete, Slab, Unfinished
  • Living Area: 6129
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1921
  • LIST PRICE PER Sq Ft: 261.05
  • PRICE PER Sq Ft: 228.42
  • MAIN SO: AN1921

Exterior Features

  • Foundation Details: Concrete Perimeter, Block, Brick/Mortar
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Other
  • Senior Community YN: No

Lot Info

  • Parcel Number: 749702
  • Zoning: MR4
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3997
  • Lot Size Units: Acres
  • PAGE: 9
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 9
  • Tax Annual Amount: 9
  • Tax Book Number: 9

Multi Family

  • Number Of Units Total: 4
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 2
  • FLRS 3: 1
  • FLRS 2: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $1,400,000 -12.5% $228 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $1,600,000 -- $261 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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
2022 $20,171 $1,431,700 $482,800 $948,900
2021 $19,793 $1,385,000 $482,800 $902,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73177819

MLS Property Information Network (MLS PIN)

APN: SOME-000019-B000000-000006