Skip to content
Bean Group
← Back to search
Browse photos

Active

501 Mystic Valley Parkway

Somerville, MA 02144

Offered at$8,500,000

Land · Active · MLS #73552820
Listing Courtesy of Cushman & Wakefield | Christopher Sower

Bedrooms
Bathrooms
Square feet
Year built

Bean Group guidance

Useful next steps

Request property information

Select a document or report and Bean Group will help track it down.

Availability varies by property and source. Documents are requested from the appropriate source and may not be immediately available.

Considering this property?

Decide whether it deserves a closer look.

A local Bean Group agent can help you compare nearby inventory, understand the listing details, and identify the questions worth answering before you visit.

Compare nearby homes

MLS PIN data

About this home

Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.

Property information

Details at a glance

Building

Style
Residential

Land & utilities

Lot size
0.92 acres
Water
Public
Sewer
Public Sewer
Zoning
99

Financial

Annual taxes
$99
Assessment year
2099

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$7,157,671

Estimated range $5,601,936$8,713,406

Request a professional valuation →

Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationabove average

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Somerville

MetricThis propertySomerville
List price$8,500,000$1,900,000347% above local
Price / sq ft
Days on market412997% below local
Explore homes in Somerville

Active city listing statistics from MLS PIN as of September 6, 2026. Asking prices are not completed-sale values.

Keep exploring

Similar homes nearby

Common questions

About 501 Mystic Valley Parkway

Can I schedule a private showing?

Yes. Request a tour of 501 Mystic Valley Parkway and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.