Exceptional development opportunity on one of Somerville’s most desirable streets. This grand location offers investors, developers, and end users a chance to make this property magnificent. Renovate the existing 4-bedroom, 2-bath single-family residence into a premier luxury home or explore the potential for a 3-unit development. Ideally located just minutes from Davis Square, one of Somerville’s most vibrant and sought-after neighborhoods. Enjoy easy access to gourmet restaurants, popular cafes, H Mart, boutique shopping, and the Davis Square Red Line station, providing a direct commute to Cambridge and downtown Boston. Also, appoximately 0.6 miles to the Green Line. Property to be sold "as is".
Sold for $1,325,000
$1,325,000
83 Wallace St, Somerville, MA 02144
4beds
1,650sqft
Single Family Residence
Built in 1900
4,197 Square Feet Lot
$1,415,200 Zestimate®
$803/sqft
$4,925 Estimated rent
Home value
$1,415,200
$1.34M - $1.49M
$4,925/mo
Zestimate® history
Owner options
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$4,925/mo
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$4,925/mo
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$8,695/mo
Est. payment
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$8,695/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Patricia Reilly 617-285-2327,
RE/MAX Real Estate Center 617-576-3800
Bought with:
Property Cousins
Serhant
Source: MLS PIN,MLS#: 73530423
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bathroom
- Features: No
Heating
- Central, Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater, Range
Features
- Flooring: Wood, Tile, Hardwood
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 1,650
- Total interior livable area: 1,650 sqft
- Finished area above ground: 1,650
Property
Parking
- Total spaces: 2
- Parking features: Paved Drive, Off Street, Tandem
- Uncovered spaces: 2
Lot
- Size: 4,197 Square Feet
- Features: Gentle Sloping
Details
- Parcel number: 749200
- Zoning: RA
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Fuses, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Public School, T-Station, University
HOA
- Has HOA: No
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $803/sqft
- Tax assessed value: $1,428,200
- Annual tax amount: $11,516
- Date on market: 7/19/2026
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Sold | $1,325,000-4%$803/sqft |
Source: MLS PIN #73530423 Report a problem | ||
| 6/25/2026 | Pending sale | $1,380,000$836/sqft |
Source: MLS PIN #73530423 Report a problem | ||
| 6/11/2026 | Contingent | $1,380,000$836/sqft |
Source: MLS PIN #73530423 Report a problem | ||
| 6/4/2026 | Listed for sale | $1,380,000+1177.8%$836/sqft |
Source: MLS PIN #73530423 Report a problem | ||
| 6/30/1992 | Sold | $108,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,868 +5.8% | $1,362,800 +2% |
| 2024 | $14,053 +5% | $1,335,800 +3.2% |
| 2023 | $13,387 +7.4% | $1,294,700 +5.8% |
| 2022 | $12,463 +2.9% | $1,224,300 +3% |
| 2021 | $12,109 +8.2% | $1,188,300 +7.2% |
| 2020 | $11,190 -4.1% | $1,109,000 +2.3% |
| 2019 | $11,665 +5.5% | $1,084,100 +10.8% |
| 2018 | $11,062 +4.9% | $978,100 +8.3% |
| 2017 | $10,543 +6.5% | $903,400 +14.3% |
| 2016 | $9,902 | $790,300 |
Find assessor info on the county website
Neighborhood: Davis Square
Nearby homes
- $---- bd-- ba-- sqft83 Wallace St #1, Somerville, MA 02144Off Market
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- $2,171,9004 bd3 ba2.5k sqft66 Chandler St, Somerville, MA 02144Off Market
Nearby schools
GreatSchools rating
- 8/10Benjamin G. Brown SchoolGrades: K-5Distance: 0.4 mi
- 5/10West Somerville Neighborhood SchoolGrades: PK-8Distance: 0.5 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$1,415,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,415,200
