Excellent development opportunity in Somerville, just 0.3 miles from East Somerville Green Line Station, on the bike path and great proximity to East Cambridge and downtown Boston. Located on the edge of the rapidly growing Inner Belt neighborhood, this ZBA-approved 3-unit condo project is ideal for developers or end users looking to create a community and build equity. The first floor unit features 4 beds and 2 baths (2843 SF); the middle unit offers 3 beds and 2 baths (1383 SF); and the penthouse unit includes 3 beds, 2.5 baths, and a roof deck (1590 SF including roof deck. The project comes with all site and architectural plans which are approved by the ZBA and is awaiting traffic plan analysis for final special building permit approval. Seller open to offers subject to building permit approval. Full package available upon request.
Amenities:
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
142 Cross St, Somerville, MA, 02145
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.
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