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    Property profile & analytics

    371 Summer St Somerville, MA 02144-3144

    • Specialty properties
    • 3,716 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1188968
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 371 Summer St

    Year built
    1928
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    3,716 SF
    Zone code
    CBD
    Property type
    Specialty properties
    APN
    SOME M:25 B:D L:37
    APU
    SOMEM25BDL37

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.12
    Latitude
    42.394
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,008
    $927,800
    $721,000
    $1,648,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,491 SF

      199 Elm St

      CHARITABLE ORGANIZATION • 1,491 SF
      199 Elm St, Somerville, MA 02144-3129
      View Details
    • Value Estimation
      $2,370,000
      8,226 SF

      855 Broadway

      FUNERAL HOME • 8,226 SF
      855 Broadway, Somerville, MA 02144-1992
      View Details
    • Value Estimation by Request
      88,517 SF

      259 Lowell St

      CHARITABLE ORGANIZATION • 88,517 SF
      259 Lowell St, Somerville, MA 02144-2666
      View Details
    • Value Estimation by Request
      8,040 SF

      353 Summer St

      CHARITABLE ORGANIZATION • 8,040 SF
      353 Summer St, Somerville, MA 02144-3151
      View Details
    • Value Estimation by Request
      10,076 SF

      1323 Broadway

      CHARITABLE ORGANIZATION • 10,076 SF
      1323 Broadway, Somerville, MA 02144
      View Details
    • Value Estimation by Request
      0.14 Acres

      339 Summer St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.14 Acres
      339 Summer St, Somerville, MA 02144-3141
      View Details

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      Somerville Multi-Family Gut-Renovated Property

      Two-unit multi-family in Somerville with modern design and premium finishes.
      57-59 Garrison Ave, Somerville, MA 02144
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      Somerville Retail Space Opportunity

      Commercial space in mixed-use building with public and private outdoor spaces.
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      Mansard Victorian Two-Family Home

      Two-family home in Porter Square, delivered vacant, needs modernization.
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    Similar Nearby for Lease

    • $1,450 /Mo

      Somerville Specialty Property For Rent

      Specialty property available for rent in Somerville, Massachusetts.
      1210 Broadway 1210, Somerville, MA 02144
      View Details
    • $9,750 /Mo

      Unique Loft in Davis Square

      Rare live/work loft with commercial kitchen and private yard.
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      View Details
    • $55 SF/Yr
      1,082 SF

      Davis Square Second-Floor Office Suites

      Three office suites available in Somerville's vibrant Davis Square.
      377 Summer St, Somerville, MA 02144
      View Details
    • Contact for pricing
      18,921 SF

      Davis Square Office Building

      First-class office building near MBTA Red Line Station.
      212 Elm St, Somerville, MA 02144
      View Details
    • $55 SF/Yr
      3,387 SF

      Davis Square Second-Floor Office Suites

      Three office suites for lease in Somerville's Davis Square.
      377 Summer St, Somerville, MA 02144
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    • $55 SF/Yr
      722 SF

      Davis Square Second-Floor Office Suites

      Three office suites for lease in Somerville's commercial hub.
      377 Summer St, Somerville, MA 02144
      View Details

    Property Visit Statistics

    • Visits by month
      5.3k
    • Visitors by month
      3.1k
    • Avg Time on site
      68 min
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    371 Summer St
    Somerville, MA 02144-3144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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