281 Highland Avenue

Somerville, MA 02143

$6,050,000
Last Sold Price
31
Beds
14
Baths
13,000 Sq. Ft.
$465 / Sq. Ft.
13,000
Sq. Ft.
$465
per Sq. Ft.

Description

Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located...Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.
  1. Listed by Team Mariano Smith • Mariano Smith & Co.
  2. Listed by Arcangelo Mariano • Mariano Smith & Co.
  3. Listed by Bryan Morrell • Mariano Smith & Co.

Property Details for 281 Highland Avenue

Town
Somerville
MLS Area
Powderhouse
Area
MA-Somerville-Powderhouse, MA-Somerville
Garage Spaces
7
Parking Spaces
14.00
Parking Spaces Total
21

Location

Listing Courtesy of Mariano Smith & Co., Team Mariano Smith; Mariano Smith & Co., Arcangelo Mariano; Mariano Smith & Co., Bryan Morrell

Sold By Mariano Smith & Co., Team Mariano Smith

Add your commute
LISTING UPDATED: 12/01/2022 04:49 PM

Property Details for 281 Highland Avenue

StatusSold
MLS #73017870
Days on Market57
Taxes$26,261 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Mariano Smith & Co., Team Mariano Smith; Mariano Smith & Co., Arcangelo Mariano; Mariano Smith & Co., Bryan Morrell

Sold By Mariano Smith & Co., Team Mariano Smith

Add your commute

Building Information for 281 Highland Avenue

Stories3Residences14Year Built1900Building Size-Lot Size0.25 AC / 11,000 SF

Payment Calculator

$35,206 per month

30 year fixed, 7.25% Interest

Principal and Interest

$33,017

Property Taxes

$2,188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 281 Highland Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Other
  • Living Area: 13000.0
  • SqFt with Basement: No
  • Total Units: 14
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Concrete Floor, Slab, Unfinished Basement
  • Num of Baths: 14.0
  • Num of Full Baths: 14
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 14.00
  • Bathrooms Total Integer: 14
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Construction: Brick
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: 7.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 110 Volts, 220 Volts
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Owner to seek use & occupancy agreement for management unit (#281-1A F) through 8/31/23.
Tax Information
  • Tax ID: M:34 B:E L:60,752361
  • Assessments: $2,579,700
  • Book: 0
  • Tax Year: 2022
  • Zoning: UR
Building / Association Information
Living Characteristics
  • Beds Total: 31
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Granite
  • Frontage: 100.00
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 1
Income / Expenses
  • Annual Expenses Source: Owner, Pro. Forma Available
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: Y
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 0
  • Lease U2: Y
  • Levels U2: 0
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5
  • Other Agent Compensation: 0

Property History for 281 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 281 Highland Avenue

Taxable ValueLand$799,200Additions$2,580,300Total$3,379,500
Tax Record2024$35,552 ($2,963 / month)
Home Facts
Total Finished SqFt13,776 SqFtAbove Grade Finished SqFt13,776 SqFtStories3Lot Size11,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRCCountyMIDDLESEXAPNSOME M:34 B:E L:60

Schools near 281 Highland Avenue

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 5
Public - PK to 8
Rating
School
Distance
John F. Kennedy Elementary School
PublicPK to 8

Somerville High School
Public9 to 12

Benjamin G. Brown School
PublicK to 5

Winter Hill Community School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mariano Smith & Co., Team Mariano Smith; Mariano Smith & Co., Arcangelo Mariano; Mariano Smith & Co., Bryan Morrell

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.