21 Allen Street, Somerville MA 02143

Somerville, MA 02143
$7,300,000
Est. $38,854/month
76
Beds
88
Baths
47,572
Sq Ft
$153
Price/Sq Ft
0.41
Acres
2025
Year Built
5+ Family - 5+ Units Up/Down
Type
-1
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73329721

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

Sale Overview
Original List Price: $8,000,000
Final Sale Price: $7,300,000
Difference: $700,000 (-8.8%)
Performance Metrics
91.3%
List to Sale Ratio
Sold below asking price
-1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $168
Sale $/sq ft: $153
This property sold for $153 per square foot
Sale Summary

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

Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
2025
Bedrooms
76
Full Bathrooms
85
Half Bathrooms
6
Living Area
47,572 sq ft
Total Rooms
99
Stories
5
Levels
5

Interior Features

Has Fireplace
No
Window Features
Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Foundation
Concrete Perimeter
Fencing
Fenced/Enclosed
Has Spa
No
View
City View(s)
Has View
Yes
Waterfront Property
No

Lot & Land

Lot Size
0.41 acres
Lot Size
17,873 sq ft
Lot Size Area
0.4100
Lot Features
Cleared, Level

Parking & Garage

Has Garage
No

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Bike Path, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$57,409
Tax Year
2024
Tax Assessed Value
$5,378,000
Parcel Number
759249
Zoning
UR

Additional Details

Year Built Source
Owner
Year Built Details
To Be Built
Disclosures
Seller has ownership interest in Fortune RE.

Location

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Neighborhood

21 Allen Street, Somerville MA 02143

Somerville, MA 02143

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $4,784
Homeowners Insurance $200
PMI $0

Property History

Market Insights

8.8%
Price Range
104
Total Days on Market

Property Timeline

🏠
Listed for Sale
Jan 27, 2025
$8,000,000
Original listing
Agent: Ryan Taylor Office: Fortune RE
âś“
Sold
Jan 27, 2025
$7,300,000
Property sold
Days on Market: 104

Price & Status History

Date Event Price Change
Jan 27, 2025 New Listing Added $8,000,000 —

Market Statistics

Days on Market
-1 days
Price per Sq Ft
$153

Tax History

Year Taxes Assessment
2024 $57,409 $5,378,000

Financial Details

Annual Property Tax
$57,409
Tax Year 2024
Assessed Value
$5,378,000

Listing Information

Listing Agent Ryan Taylor
Listing Office Fortune RE
Agent MLS ID CN218241
Office MLS ID AN5321

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