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496 Medford St 1,244 SF Specialty Building Offered at $889,000 in Somerville, MA 02145
Executive Summary
Huge Price Improvement! Live in the heart of vibrant Magoun Square, just moments from the Green Line Extension. This 2,240 SF lot offers a rare opportunity to create a stunning single-family home in one of Somerville’s most desirable, transit-oriented neighborhoods. Design a spacious urban residence with multiple levels, private outdoor space, and easy access to shops, restaurants, parks, and public transportation. The generous lot allows for flexible, light-filled layouts ideal for entertaining, working from home, or multi-generational living. Located in an MR-4 zoned district with a Pedestrian Street Overlay, allowing up to four stories, offering valuable long-term flexibility (buyer to do due diligence). A unique chance to build your dream home while securing future potential.
Property Facts
| Price | $889,000 | Lot Size | 0.05 AC |
| Price Per SF | $714.63 | Building Size | 1,244 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1920 |
| Zoning | MR4 | ||
| Price | $889,000 |
| Price Per SF | $714.63 |
| Sale Type | Investment |
| Property Type | Specialty |
| Lot Size | 0.05 AC |
| Building Size | 1,244 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | MR4 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | SOME-000041-A000000-000004 | Improvements Assessment | $461,000 |
| Land Assessment | $337,200 | Total Assessment | $798,200 |
Property Taxes
Parcel Number
SOME-000041-A000000-000004
Land Assessment
$337,200
Improvements Assessment
$461,000
Total Assessment
$798,200
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496 Medford St
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