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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

640 Mystic Ave Somerville, MA 02145

196 Days on Boston Pads
Price Reduced $101,900
22 Photos
$2,649,000
3 Unit
9 Beds
9 Baths
5096 SQFT
0.09 Acre
640 Mystic Ave
Somerville, MA 02145

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 Overview

Property Details click or 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 click or 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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Map & Resources

Arthur D Healey School

Public Elementary School, Grades: PK-8

0.12mi

Mystic Learning Center

School

0.19mi

Missituk Elementary School

Public Elementary School, Grades: PK-5

0.4mi

Medford Fire Department

Fire Station

0.59mi

Reilly-Brickley Central Fire Station

Fire Station

0.59mi

Columbus Memorial Park

Municipal Park

0.22mi

Mystic River Reservation

State Park

0.24mi

Torbert McDonald Park

Park

0.25mi

Paul Revere Park

Park

0.32mi

Grimmons Park

Municipal Park

0.33mi

Mystic River Reservation

State Park

0.02mi

Healy Community Tot Lot

Playground

0.12mi

Element Dental

Dentist

0.43mi

Kohl's

Department Store

0.45mi

Walgreens

Pharmacy

0.43mi

Rosemary's

Convenience

0.37mi

Mystic Ave @ Moreland St

95

0.05mi

Mystic Ave @ Mystic Apartments

95

0.05mi

Mystic Ave opp Shore Dr

95

0.23mi

Mystic Ave @ Shore Dr

95

0.23mi

Mystic Ave @ Fulbright St

95

0.27mi

Mystic Ave opp Fulbright St

95

0.28mi

Main St @ Moreland St

101

0.29mi

Main St opp Moreland St

101

0.29mi

Seller's Representative: Boston RE Group, Coldwell Banker Realty - Boston
MLS ID#: 73235507

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-11-05 12:32:00