345 Lowell Street, Somerville MA 02143

Somerville, MA 02143 • Magoun Square
$1,100,000
Est. $5,855/month
6
Beds
3
Baths
1,961
Sq Ft
$561
Price/Sq Ft
0.08
Acres
1900
Year Built
2 Family - 2 Units Up/Down
Type
19
Days on Market
Closed Listed Sep 27, 2025 • MLS# 73350281

About this home

Welcome to your new investment opportunity or perfect multi-generational living space! This 2-family home is ideally situated just outside of vibrant Magoun Square, offering incredibly easy transportation (Green Line is 0.2 miles away, close access to RT 93 & RT 28), eclectic dining options, and unmatched convenience. The first floor unit consists of 2 bedrooms, 1 bathroom, full kitchen, living room, and a spacious back porch. It has been owner occupied since the property was last sold in 2008. The second floor unit consists of 4 bedrooms, 1 bathroom, full kitchen, living room, a sweet deck, and has a strong rental history. Partially finished basement w/ full bathroom. The large paver driveway is a great bonus. Newer vinyl fencing. Separate entries and utilities for both units. Subject to seller finding suitable housing, a flexible closing is preferred. This home will be delivered free of tenants. Showings start by appointment on Sat. 3-5PM

Sale Statistics

Sale Overview
Original List Price: $1,025,000
Final Sale Price: $1,100,000
Difference: +$75,000 (+7.3%)
Performance Metrics
107.3%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $523
Sale $/sq ft: $561
This property sold for $561 per square foot
Sale Summary

This property sold for 7.3% above the original asking price, indicating strong buyer demand.

With only 19 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
1,961 sq ft
Total Rooms
10
Stories
2
Levels
2

Interior Features

Flooring
Varies
Has Fireplace
No
Basement Details
Full, Partially Finished, Interior Entry

Exterior & Structure

Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.08 acres
Lot Size
3,400 sq ft
Lot Size Area
0.0800
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street, On Street, Driveway, Stone/Gravel

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,281
Tax Year
2024
Tax Assessed Value
$692,100
Parcel Number
753399
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Actual,Renovated Since
Disclosures
Some photos have been edited to remove objects. Appliances negotiable.
Exclusions
Seller’s Personal Property.
Listing Terms
Contract

Location

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Neighborhood

Magoun Square

345 Lowell 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 $607
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.8%
Price Range
21
Total Days on Market

Property Timeline

Sold
May 12, 2025
$1,100,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Mar 26, 2025
$1,025,000
Original listing
Agent: Guimares Group Office: Conway - Hanover

Price & Status History

Date Event Price Change
Mar 26, 2025 New Listing Added $1,025,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$561

Tax History

Year Taxes Assessment
2024 $7,281 $692,100

Financial Details

Annual Property Tax
$7,281
Tax Year 2024
Assessed Value
$692,100

Listing Information

Listing Agent Guimares Group
Listing Office Conway - Hanover
Agent MLS ID TM350962
Office MLS ID A14006

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