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60-62 Line St, Somerville MA 02143 – 6 bed 3 bath For Sale – 73300850

$ 2,750,000
60-62 Line St, Somerville MA 02143,
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Overview

  • Updated On:
  • December 15, 2024
  • listingid
  • 73300850
  • 6 Bedrooms
  • 3 Bathrooms
  • 0 Garage Spaces
  • 5 Total Parking
  • 1900
  • HOA Fee

Description

3 Family with significant development potential near Harvard. 60-62 Line Street is just blocks to Harvard Square, CHA Cambridge Hospital, Union Square, and Inman Square. With a large 9,000+ sq ft lot, there is potential to develop 6+ units with 6 parking spots on the property. Feasibility study is available upon request. The lot currently contains a 3-family property with 6 beds and 3 baths and has over 3,000 sq ft of living area. The first floor unit has a tenant at will. The second and third floor units are vacant. Extremely unique opportunity for both developers or primary buyers looking to build their dream home with or without rental income. Located on a quiet one-way street but just minutes to cafes, shops, restaurants and public transportation. Opportunities like this do not come along often. Buyers to do their own due diligence regarding any development opportunities.

Property Details

Property Id: 482431
Price: $ 2,750,000
Property Size: 3,027.00 ft2
Property Lot Size: 0.21 ft2
Rooms: 14
Bedrooms: 6
Bathrooms: 3
Full Bath: 3
Total Bathrooms: 3
Disclosures: N
Last Updated: 2024-12-11T02:37:19.862Z
Building Area Source: Public Records
Building Area Total: 3027
Building Area Units: Square Feet
Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Medical Facility,Highway Access,House of Worship,Private School,Public School,T-Station,University
Directions: Use GPS
Disclosures: Rear roof gutter downspout is subject to clogging with leaves and should be replaced with a larger downspout.
Electric: Circuit Breakers
Expiration Date: 1900-01-01
Flooring: Wood
Foundation Details: Stone
Gross Income: 25200
List Agent MlsId: CN231626
List Office MlsId: BB9927
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-10-10
Listing ID: 73300850
Lot Features: Wooded,Level
Lot Size: 0.21
Lot Size SqFt: 9018
Lot Size Units: Acres
Anticipated Sale Date: 2025-03-17T04:00:00.000Z
Date Available: No
Bedroom 1: 2
Bedroom 2: 2
Bedroom 3: 2
Bath 1: 1
Bath 2: 1
Bath 3: 1
Hot Water: Natural Gas
Lead Paint: Unknown
Lease 1: N
Lease 2: N
Lease 3: N
Unit 1 Living Levels: 1
Unit 2 Living Levels: 1
Listing Alert: No
Price Per SqFt: 908.49
Days in Market: 61
Total Days on Market: 61
Open House: 1
MLS PIN Page: 9999
Price Per SqFt: 908.49
Unit 1 Rent: 2100
Living Area Includes Basement: No
MLS Status: Under Agreement
Last Updated: 2024-12-11T02:24:00.000Z
Net Operating Income: 25200
Number Of Units: 3
Off Market Date: 2024-12-10
Original List Date: 2024-10-10T15:21:00.000Z
Original List Price: 2750000
Parcel Number: M:66 B:D L:19
Parking Features: Off Street
Total Parking: 5
Purchase Contract Date: 2024-12-10
Road Type: Public
Roof: Rubber
Sewer: Public Sewer
State: MA
Status Change Time: 2024-12-11T02:24:00.000Z
Total Stories: 6
Tax Annua lAmount: 16245
Tax Assessed Value: 1544200
Tax Book Number: 9999
Tax Year: 2024
Total Actual Rent: 2100
Utilities: for Gas Range
Water Source: Public
Year Built: 1900
Year Built Details: Approximate
Year Built Source: Public Records
Zoning: RB

Payment Calculator

$ 15,756.78
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 13,190.11

Property Address

Address: 60-62 Line St, Somerville MA 02143
City:
State/County:
Zip: 02143
Country: United States
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60-62 Line St, Somerville MA 02143 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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60-62 Line St, Somerville MA 02143 – 6 bed 3 bath For Sale – 73300850

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