About this home
Transit-oriented luxury multifamily development opportunity ideally located adjacent to the recently improved Junction Park. The proposed development will benefit from unobstructed park views on a corner location at Woodbine and Centre Street.The current owner is in the process of expanding the lot to approximately 4,860 square feet, with final land consolidation expected to be approved in February. Architectural plans and renderings have been prepared for a thoughtfully designed four-unit project consisting of a three-unit primary building and a detached rear cottage. The proposed design leverages the existing two-family structure, significantly reducing construction costs and development risk while maximizing density and end value. A compelling opportunity for developers seeking a plan-ready, transit-oriented project in a high-demand Somerville location.
Listing last checked: Listing updated:
Listed by Daniel Alper · Boston Realty Advisors · MLS #73467482
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building1 property facts
- Style
- Residential
Land & utilities5 property facts
- Lot size
- 0.11 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- 9
Financial2 property facts
- Annual taxes
- $9
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,599,999 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,091 / monthAdjust
- Principal & interest
- $8,090
- Property tax
- $1
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $9. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Exp
$1,275,000 · Apr 26, 2024
- Sld
$519,900 · Sold $524,000 · Jun 22, 2010
More property insights
Automated value estimate $1,456,745
Estimated range $935,122–$1,978,367.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: poor
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About 1-3 Woodbine Street
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