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Lot/land
  • $8,500,000

    501 Mystic Valley Pkwy, Somerville, MA 02144

    --beds
    0baths
    0.92Acres
    Residential
    Built in ----
    0.92 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.
    11 days
    |
    69
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Sower 617-816-5257,

    Cushman & Wakefield 617-330-6966

    Source: MLS PIN,MLS#: 73552820

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Features
      • Has basement: No

      Property

      Lot
      • Size: 0.92 Acres
      • Features: Level, Cleared
      Details
      • Parcel number: 747138
      • Zoning: 99

      Utilities & green energy

      • Electric: On-Site
      • Gas: On-Site
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Somerville

      Financial & listing details

      • Tax assessed value: $99
      • Annual tax amount: $99
      • Date on market: 7/21/2026
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,962/mo

        Price history

        DateEventPrice
        7/21/2026Listed for sale$8,500,000
        Source: MLS PIN #73552820 Report a problem
        8/18/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        8/13/2021Listed for rent$2,300+4.5%
        Source: Zillow Rental Manager Report a problem
        6/23/2020Listing removed$2,200
        Source: Zillow Rental Manager Report a problem
        6/5/2020Listed for rent$2,200
        Source: Zillow Rental Manager Report a problem
        7/9/2018Listing removed$2,200
        Source: Owner Report a problem
        6/29/2018Listed for rent$2,200
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$27,543 +4.9%$2,524,600 +1.2%
        2024$26,250 +7%$2,495,200 +5.2%
        2023$24,535 +6.3%$2,372,800 +4.6%
        2022$23,087 +5%$2,267,900 +5.1%
        2021$21,998 +5.5%$2,158,800 +4.5%
        2020$20,844 +0.9%$2,065,800 +7.6%
        2019$20,667 +13.6%$1,920,700 +19.4%
        2018$18,196 +1.1%$1,608,800 +4.3%
        2017$18,000 +5.3%$1,542,400 +13.1%
        2016$17,092 $1,364,100
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 02144

        Getting around

        79 / 100
        Very Walkable
        54 / 100
        Good Transit
        90 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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