1126 Cambridge St Cambridge, MA 02139
Wellington-Harrington NeighborhoodEstimated Value: $1,816,005
4
Beds
2.5
Baths
3,126
Sq Ft
$581/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Jogging Path
- Shops
- Wood Flooring
- Porch
- Level Lot
About This Home
As of August 2022Priced to sell! Rare opportunity to own a fully leased, mixed-use property right in the heart of Inman Sq. Just 1.1 miles west of Lechmere .7 miles north of Central Sq., and .5 miles south of the new Union Sq. T stop, this 3-unit offering is favorably situated amidst the bustling shops/eateries that comprise Cambridge St. The first-floor business is owned and independently operated by Momi Nonmi, a successful and efficiently functioning takeout destination with a full liquor license. NNN lease is in place for the commercial space which runs up until 2029 with an escalating annual rent (unit currently yields $4,244/month but increases to $5,219/month by term end). Commercial tenant pays for half the water/sewer bill each quarter, as well as the commercial portion of the property taxes. Unit #2 brings in $2,200 per month and unit #3 yields $2,500 per month. Total annual rent for the building amounts to $107,328 with very little overhead.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,655
Year Built
- Built in 1862
Lot Details
- 1,154 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Rubber Roof
- Stone
Interior Spaces
- 3,126 Sq Ft Home
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- On-Street Parking
- Open Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Porch
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $8,944
- Assessor Parcel Number 403081
Community Details
Overview
- 3 Units
- Property has 2 Levels
Recreation
- Jogging Path
- Bike Trail
Additional Features
- Shops
- Net Operating Income $107,328
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2022
Closed on
Aug 17, 2022
Sold by
Huynh An M
Bought by
Huynh An M and Vo Thi N
Seller's Agent
Joe Danisch
Coelho Realty Group LLC
Buyer's Agent
Joe Danisch
Coelho Realty Group LLC
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Total Days on Market
139
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,005
Avg. Annual Appreciation
0.32%
Original Mortgage
$1,250,000
Outstanding Balance
$1,203,288
Interest Rate
5.54%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$612,717
Purchase Details
Closed on
Jun 26, 1998
Sold by
Masterson Florence E
Bought by
Bettencourt & Neto Rt and Cerqueira Joseph A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7.09%
Mortgage Type
Commercial
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huynh An M | -- | None Available | |
| Huynh An M | -- | None Available | |
| Bettencourt & Neto Rt | $185,000 | -- | |
| Bettencourt & Neto Rt | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huynh An M | $1,250,000 | |
| Closed | Huynh An M | $1,250,000 | |
| Closed | Huynh An M | $1,250,000 | |
| Previous Owner | Bettencourt&Neto Rt | $410,000 | |
| Previous Owner | Bettencourt&Neto Rt | $100,000 | |
| Previous Owner | Bettencourt & Neto Rt | $85,000 | |
| Previous Owner | Bettencourt & Neto Rt | $139,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2022 08/17/22 | Sold | $1,800,000 | -2.7% | $576 / Sq Ft |
| 07/25/2022 07/25/22 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | Price Changed | $1,849,995 | -7.3% | $592 / Sq Ft |
| 05/27/2022 05/27/22 | For Sale | $1,995,000 | 0.0% | $638 / Sq Ft |
| 04/05/2022 04/05/22 | Pending | -- | -- | -- |
| 03/07/2022 03/07/22 | For Sale | $1,995,000 | -- | $638 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,440,200 | $598,800 | $841,400 |
| 2024 | -- | $1,446,600 | $651,100 | $795,500 |
| 2023 | $0 | $945,000 | $0 | $945,000 |
| 2022 | $0 | $951,000 | $446,600 | $504,400 |
| 2021 | $0 | $966,700 | $378,500 | $588,200 |
| 2020 | $0 | $878,600 | $360,000 | $518,600 |
| 2019 | $0 | $788,000 | $308,100 | $479,900 |
| 2018 | -- | $696,400 | $274,700 | $421,700 |
| 2017 | -- | $616,800 | $243,500 | $373,300 |
| 2016 | -- | $542,900 | $206,600 | $336,300 |
| 2015 | -- | $489,600 | $190,400 | $299,200 |
| 2014 | -- | $456,700 | $181,200 | $275,500 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Danisch
Seller's Agent in 2022
Joe Danisch
Coelho Realty Group LLC
(978) 809-2190
1 in this area
21 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72949727
APN: CAMB-000085-000000-000027
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