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You are here:
Contingent
14 Photos
$1,695,000
Type: 5+ Residential
Lease Type N/A
SQFT: N/A
Restrooms: N/A
Parking: N/A
17 Clyde St
Somerville, MA 02145

Property Description

Investors, builders, and developers take notice! Amazing opportunity to develop (2) 3 family properties in a bustling area of Somerville. Property is currently a single-family residence with 8-car garage on a lot that sits in NR Zoning which along with MBTA Communities Law allows for subdivision and “by right” 3-unit build! Great area very close to Magoun Square T station and Maxwell’s Green. Property is ~equidistant to Davis, Ball, and Porter Squares. Highly sought-after neighborhood and minutes to Boston. This transaction is subject to a 24-Month Sale/Leaseback agreement for resident as well as the City of Somerville's Historic Preservation Commission's 18-month moratorium on demolition. Currently, one side of the lot allows for immediate subdivision and development. Sale/Leaseback provides buyer with income during the permitting process, a win-win for all. Buyer and/or buyer's agents/representatives to do their own full due diligence. Don’t miss this opportunity!

Property Overview

Property Details click or tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Other (See Remarks)
  • MLS ID#: 73227505

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/29/2024Contingent$1,695,000MLSPIN
04/29/2024Contingent$1,695,000MLSPIN
04/27/2024Active$1,695,000MLSPIN
04/27/2024Active$1,695,000MLSPIN
04/23/2024New$1,695,000MLSPIN
04/23/2024New$1,695,000MLSPIN

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View Breakdown

Seller's Representative: Piantidosi Group, Coldwell Banker Realty - Andover
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-04-29 07:41:00

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