640 Mystic Ave, Somerville, MA 02145
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$2,649,000
3 Unit
9 Beds
9 Baths
5096 SQFT
0.09 Acre

Property Description

INVESTORS-UNDER ASSESSED VALUE! Discover the best opportunity in Somerville at only $520 per square foot. This property includes 6 garage parking spaces and is perfect for a 1031 EXCHANGE OPPORTUNITY. Three custom-designed side by side townhouses, each with two garage spaces. An award-winning developer has crafted each home with a chef's kitchen featuring Bertazzoni ranges, SS Appliances, and gleaming hardwood floors. The open-concept living room, dining room, and kitchen lead directly to a walk-out patio. On the second level, there are two bedrooms, laundry facilities, a full bathroom, and an office nook. The top floor boasts a spacious primary bedroom suite with two walk-in closets, a double vanity, and a spa-like walk-in shower. Each unit features a private balcony with unobstructed views of the Mystic River and Encore Casino. Constructed in 2018 with soundproofing and a FIRE SPRINKLER/ALARM system, Amenity Score 8.3 Walk Score 7.8 Park Score 9.8 Schools 9.8 Wellness 8.8.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Total Half Baths: 3
  • Total Fireplaces: 3
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, University
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Stone/Granite/Solid Counters, Storage
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Wall Oven, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Individual, Oil, Oil
  • Common Cooling: Central Air, Individual, None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 153000
  • Gross Expenses: 33376
  • GSE: 154
  • Electric Expenses: 254
  • Water/Sewer: 2159
  • INSC: 4998
  • Net Operating Income: 153000

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Oven
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Construction

  • Year Built: 2017
  • Type: 3 Family - 3 Units Side by Side
  • Foundation Info: Other (See Remarks)
  • Flooring Type: Hardwood, Wall to Wall Carpet
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73235507
  • Last Updated: 11/05/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/22/2024Active$2,649,000$520MLSPIN
10/18/2024Extended$2,649,000$520MLSPIN
10/01/2024Active$2,649,000$520MLSPIN
09/27/2024Price Change$2,649,000$520MLSPIN
09/25/2024Extended$2,649,900$520MLSPIN
09/16/2024Active$2,649,900$520MLSPIN
09/12/2024Price Change$2,649,900$520MLSPIN
08/16/2024Active$2,650,000$520MLSPIN
08/12/2024Price Change$2,650,000$520MLSPIN
07/26/2024Active$2,650,900$520MLSPIN
07/22/2024Extended$2,650,900$520MLSPIN
06/29/2024Active$2,650,900$520MLSPIN
06/25/2024Extended$2,650,900$520MLSPIN
06/14/2024Active$2,650,900$520MLSPIN
06/10/2024Price Change$2,650,900$520MLSPIN
05/13/2024Active$2,750,900$540MLSPIN
05/09/2024New$2,750,900$540MLSPIN
02/01/2024Expired$2,850,900$559MLSPIN
12/19/2023Active$2,850,900$559MLSPIN
12/15/2023Price Change$2,850,900$559MLSPIN
10/24/2023Active$2,850,999$559MLSPIN
10/20/2023New$2,850,999$559MLSPIN
08/26/2022Canceled$2,850,000$559MLSPIN
04/16/2022Active$2,850,000$559MLSPIN
04/12/2022New$2,850,000$559MLSPIN

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Seller's Representative: Boston RE Group, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 2.0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-11-05 12:32:00