38 Franklin Ave, Somerville MA 02145

Somerville, MA 02145 • East Somerville

$500,000

Est. $2,728/month

0.05

Acres

Residential

Type

45

Days on Market

Pending Price Drop -$100,000 Listed Sep 24, 2025 • MLS# 73434703 Copied!

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About this home

Calling all developers and Investors! Opportunity knocks to buy a rare vacant lot in Somerville. The possibilities for future use are endless. Zoning may allow multiple units and any building can be 3 stories tall. Check out one of the hottest east somerville neighborhoods a stones throw form the new green line T stop! You can get anywhere from here without a car! Condos in this immediate area are selling for top dollar! don't miss out invest today in the future! 2 separate lots of record are included in the sale.

Property Overview

Property Type

Residential

Listing Type

Land

Facts & Features

Home Facts

Type Land

Style Residential

Lot Size 0.05 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing Fenced

Patio/Porch None

Parking

Features None

Utilities

Electric At Street

Water Public

Sewer Public Sewer, At Street

Gas At Street

Other None

Financial

Annual Tax 0.00

Assessed Value $177,900

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public

Sewer: Public Sewer, At Street

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing: Fenced

Other Structures:

Lot Features: Level, Sidewalks

Road Surface: Paved

Parking & Garage

Parking Features:

Location

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Neighborhood

East Somerville

38 Franklin Ave, Somerville MA 02145

Somerville, MA 02145

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment

$0

Principal, interest, taxes & insurance

Loan Amount

$0

After down payment

Total Interest

$0

Over life of loan

Total Cost

$0

Including down payment

Home Price

Down Payment

%

Down: $0

Interest Rate

%

Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $0

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

-0.5% Rate

$0/mo

Save $0/mo

Current Rate

$0/mo

+0.5% Rate

$0/mo

Cost $0/mo

Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

Sep 24, 2025

$500,000

Original listing

Office: LAER Realty Partners

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
09/24/2025	🏠 Listed for Sale	$500,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Sep 24, 2025	New Listing Added	$500,000	—

Market Statistics

Days on Market

45 days

Price per Sq Ft

$—

Total Price Drop

-$100,000

Tax History

Year	Taxes	Assessment
2024	$0	$177,900

Financial Details

Annual Property Tax

$0

Tax Year 2024

Assessed Value

$177,900

Listing Information

Listing Agent Dana Ford

Listing Office LAER Realty Partners

Agent MLS ID NH000157

Office MLS ID AN4765

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.