J
Seller's Agent in 2022
Joe Danisch
Coelho Realty Group LLC
1126 Cambridge St Cambridge, MA 02139
Wellington-Harrington NeighborhoodEstimated Value: $1,753,036
4
Beds
2.5
Baths
3,126
Sq Ft
$561/Sq Ft
Est. Value
Highlights
- Property is near public transit and schools
- 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.
Last Agent to Sell the Property
Joe Danisch
Coelho Realty Group LLC Listed on: 03/07/2022
Last Buyer's Agent
Joe Danisch
Coelho Realty Group LLC Listed on: 03/07/2022
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
Additional Features
- Porch
- Property is near public transit and schools
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2022
Closed on
Aug 17, 2022
Sold by
Bought by
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%
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
-$46,964
Avg. Annual Appreciation
-0.68%
Original Mortgage
$1,250,000
Outstanding Balance
$1,185,574
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$567,462
Purchase Details
Listed on
Mar 7, 2022
Closed on
Aug 16, 2022
Sold by
Bought by
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%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,185,574
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$567,462
Purchase Details
Closed on
Jun 26, 1998
Sold by
Bought by
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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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| $1,800,000 | None Available | ||
| $185,000 | -- | ||
| $185,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,250,000 | ||
| Closed | $1,250,000 | ||
| Closed | $1,250,000 | ||
| Previous Owner | $85,000 | ||
| Previous Owner | $139,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72949727
APN: CAMB-000085-000000-000027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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