Pending

$1,380,000

83 Wallace St, Somerville, MA 02144

4beds

1,650sqft

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Single Family Residence

Built in 1900

4,197 Square Feet Lot

$1,552,400 Zestimate^®

$836/sqft

$-- HOA

What's special

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".

34 days

309

10

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
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: $836/sqft
Tax assessed value: $1,428,200
Annual tax amount: $11,516
Date on market: 6/4/2026

Estimated market value

$1,552,400

$1.40M - $1.71M

$5,152/mo

Price history

Date	Event	Price
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

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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.

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