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501 Mystic Valley Parkway, Somerville MA 02144

Somerville, MA 02144
$8,500,000
Est. $43,189/month
0.92
Acres
11 hours 6 minutes
Time on Market
Active Listed Jul 21, 2026 • MLS# 73552820 Copied! • Updated Jul 21, 2026

About this home

Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 21, 2026
$8,500,000
Original listing
Agent: Christopher Sower Office: Cushman & Wakefield

Tax History

Year Taxes Assessment
2099 $99 $99

Financial Details

Annual Property Tax
$99
Tax Year 2099
Assessed Value
$99

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 0.92 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric On-site
Water Public
Sewer Public Sewer
Gas On-site
Other None
Annual Tax $99
Assessed Value $99
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Middlesex

Property Overview

Property Type
Residential
Listing Type
Land

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Cleared
Road Surface:

Parking & Garage

Parking Features:
School District
Somerville School District local
B-
School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
3.0% below state avg
E

Elementary Schools

9 schools
A
John F Kennedy School
1.9 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
C+
Arthur D Healey School
2.2 mi | #236 of 352 | Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students Diverse
Rising School Diverse Student Body
Grades PK-08
St. Theresa of the Child Jesus School
2.2 mi
Grades PK-08
C-
Winter Hill Community School
2.9 mi | #287 of 352 | Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students Diverse
Diverse Student Body
Grades PK-08
C+
East Somerville Community School
3.0 mi | #245 of 352 | Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students Diverse
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
3.0 mi | #134 of 352 | Score: 45.7
Improved 40 spots from last year
-12.6 below state avg
553 students Diverse
Rising School Diverse Student Body
Grades PK-08
Tufts Educational Day Care Center
1.1 mi
Grades PK-K
A+
Benjamin G Brown School
1.5 mi | #78 of 824 | Score: 60.5
Dropped 61 spots from last year
+2.3 above state avg
219 students Diverse
Strong Attendance
Grades K-05
Capuano Early Childhood Center
3.2 mi
250 students Very Diverse
Diverse Student Body
Grades PK-01
M

Middle Schools

1 school
Next Wave Junior High School
2.6 mi
16 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
F
Full Circle High School
2.6 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
2.6 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $8
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.

Location

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Neighborhood

501 Mystic Valley Parkway, Somerville MA 02144

Somerville, MA 02144

Listing Information

Listing Agent Christopher Sower
Listing Office Cushman & Wakefield
Office Phone 617-330-6966
Agent MLS ID CT003909
Office MLS ID AN6656
Listing Data Updated Jul 21, 2026 2:29 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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501 Mystic Valley Parkway, Somerville MA 02144 - Photo 1 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 2 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 3 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 4 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 5 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 6 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 7 501 Mystic Valley Parkway, Somerville MA 02144 - Photo 8
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