
21 Allen Street, Somerville MA 02143
About this home
The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.
Sale Statistics
This property sold for 8.8% below the original asking price.
With only -1 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
21 Allen Street, Somerville MA 02143
Somerville, MA 02143
Walkability
Schools
School information not available
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Payment Breakdown
Property History
Market Insights
Property Timeline
Listed for Sale
Jan 27, 2025Sold
Jan 27, 2025Date | Event | Price | Change | $/sqft | Details |
---|---|---|---|---|---|
01/27/2025 | 🏠 Listed for Sale | $8,000,000 | - | - | Original listing |
01/27/2025 | ✓ Sold | $7,300,000 | - | - | Property sold |