Rare high density development opportunity in Somerville with ZBA approved plans for 10 units, with the option for 12 with new somerville guidelines. 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.
Type:
Single-family residential
Lot Description:
Gentle Sloping
Amenities:
Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, House of Worship
7 Washington, Somerville, MA, 02143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
