13-17 Allen St, Somerville MA 02143

Somerville, MA 02143 • Union Square
$5,600,000
Est. $29,806/month
0.27
Acres
Residential
Type
27
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73283978

About this home

The Lumina is a fully permitted and approved 40-unit development opportunity located in the heart of Union Square, Somerville, Massachusetts. Full Construction Document Set Available on Crexi. This mid-rise building, encompassing 35,971 gross square feet with 28,949 net rentable square feet, is ready for construction to commence. It boasts a building permit, an open MWRA permit, and an available demolition permit. Approved for four stories, The Lumina is strategically placed adjacent to the new Union Square MBTA stop, meeting the growing demand for premium living spaces in this vibrant area.

Sale Statistics

Sale Overview
Original List Price: $6,390,000
Final Sale Price: $5,600,000
Difference: $790,000 (-12.4%)
Performance Metrics
87.6%
List to Sale Ratio
Sold below asking price
27
Days on Market
Quick sale
Sale Summary

This property sold for 12.4% below the original asking price.

With only 27 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Residential
Property Category
Land

Interior Features

Exterior & Structure

Waterfront Property
No

Lot & Land

Lot Size
0.27 acres
Lot Size
11,761 sq ft
Lot Size Area
0.2700
Lot Features
Level, Sidewalks
Road Frontage Type
Public

Parking & Garage

Utilities & Systems

Water Source
At Street
Sewer
At Street
Electric
At Street
Gas
At Street

Community & HOA

Community Features
Public Transportation, Park
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$99,999,999
Tax Year
9999
Tax Assessed Value
$999,999,999
Parcel Number
5229580
Zoning
9999999999

Additional Details

Location

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Neighborhood

Union Square

13-17 Allen St, Somerville MA 02143

Somerville, MA 02143

Walkability

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Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $8,333,333
Homeowners Insurance $200
PMI $0

Property History

Market Insights

12.4%
Price Range
101
Total Days on Market

Property Timeline

Sold
Nov 22, 2024
$5,600,000
Property sold
Days on Market: 101
🏠
Listed for Sale
Sep 3, 2024
$6,390,000
Original listing
Office: Greenville Real Estate Group, Inc.

Price & Status History

Date Event Price Change
Sep 3, 2024 New Listing Added $6,390,000

Market Statistics

Days on Market
27 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
9999 $99,999,999 $999,999,999

Financial Details

Annual Property Tax
$99,999,999
Tax Year 9999
Assessed Value
$999,999,999

Listing Information

Listing Agent Michael Kuritnik
Listing Office Greenville Real Estate Group, Inc.
Agent MLS ID CN206613
Office MLS ID NB2539

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13-17 Allen St, Somerville MA 02143 - Photo 1 13-17 Allen St, Somerville MA 02143 - Photo 2

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