NOT LISTED FOR SALE

116 Reed St Unit 1 Cambridge, MA 02140

North Cambridge Neighborhood

Estimated Value: $847,000 - $1,023,053

2 Beds
2 Baths
1,150 Sq Ft
$820/Sq Ft Est. Value

Last Sold May 18, 2020

Last sale price $789,900 $687 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,414/month

5 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Reverend Thomas J. Williams Park

About This Home

As of May 2020

Come visit this newly gut renovated unit located a short distance to the red line, routes 2/16/93. Walking to distance to Porter Square and many more great restaurants in Cambridge and Somerville. Enjoy your summers on your private patio space easily accessible from your kitchen. Unit also comes with a private front yard ready for your gardening touch. Entire home has a 95% new foundation, full french drain system in the basement with 8 foot ceilings, foam insulation throughout the home along with new plumbing, electric and a 3 zone heating and cooling unit. Black framed PELLA windows, speakers throughout, NEST Programmable thermostats and a wavered private parking space make this the perfect home. Large master bedrooms with luxury baths and walk in closets ready for your personal design.

Last Agent to Sell the Property

Mike Tokatlyan

Contempo Builders, Inc. License #449630507 Listed on: 04/15/2020

Last Buyer's Agent

The Tabassi Team

RE/MAX Partners Relocation

RE/MAX Partners Relocation

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,931

Year Built

  • Built in 1869

Flooring

  • Wood Flooring

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Basement

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,931

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 686.96
  • Comp Based On: Net Sale Price
  • Year Built: 1869
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Street, Top/Penthouse, Partially Below Grade
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1869

Interior Features

  • Flooring: Hardwood
  • No Bedrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • No Rooms: 3
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: AN4487
  • Main So: AN5808
  • Estimated Sq Ft: 1150.00
  • Basement Included Sq Ft: Yes

Exterior Features

  • Construction: Frame, Conventional (2x4-2x6)
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Fiber Cement Siding
  • Insulation Feature: Full, Foam
  • Exterior Unit Features: Porch, Deck, Patio, Garden Area

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Cooling Zones: 3
  • Heating: Central Heat, Forced Air
  • Heat Zones: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • HOA Fees: 185.00
  • Association Fee Includes: Master Insurance, Landscaping, Snow Removal
  • Condo Association: Yes

Lot Info

  • Page: 22222

Tax Info

  • Assessor Parcel Number: 413344

Multi Family

  • No Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
May 18, 2020
Sold by
116 Reed Street Llc
Bought by
Noolandi Peter
Seller's Agent
Mike Tokatlyan
Contempo Builders, Inc.
Buyer's Agent
The Tabassi Team
RE/MAX Partners Relocation
List Price
$789,999
Sold Price
$789,900
Premium/Discount to List
-$99
-0.01%
Total Days on Market
5
Current Estimated Value
$942,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,863
Avg. Annual Appreciation
3.26%
Original Mortgage
$631,999
Outstanding Balance
$566,127
Interest Rate
3.3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$362,541
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Noolandi Peter $789,999 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noolandi Peter $631,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2020 05/18/20 Sold $789,900 0.0% $687 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $789,999 -- $687 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $4,931 $776,500 $0 $776,500
2024 $4,489 $758,300 $0 $758,300
2023 $4,316 $736,500 $0 $736,500
2022 $4,223 $713,400 $0 $713,400
2021 $4,500 $769,200 $0 $769,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mike Tokatlyan

    Contempo Builders, Inc.

    (617) 610-0880

    14 Total Sales

    Section Image
  • The Tabassi Team

    Buyer's Agent in 2020

    The Tabassi Team

    RE/MAX

    (978) 375-5834

    522 Total Sales

    The Tabassi Team
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72644339

MLS Property Information Network (MLS PIN)

APN: CAMB-190 118 1

Massachusetts Middlesex County Cambridge 02140 North Cambridge

116 Reed St Unit 1, Cambridge, MA

This home is located at 116 Reed St Unit 1, Cambridge, MA 02140 since 15 April 2020 and is currently estimated at $942,763, approximately $819 per square foot. This property was built in 1869. 116 Reed St Unit 1 is a home located in Middlesex County with nearby schools including Benjamin Banneker Charter Public School, International School of Boston, and Cambridge Friends School.

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