NOT LISTED FOR SALE

116 Reed St Unit 2 Cambridge, MA 02140

North Cambridge Neighborhood

Estimated Value: $881,115 - $1,088,000

2 Beds
2 Baths
1,150 Sq Ft
$843/Sq Ft Est. Value

Last Sold January 10, 2020

Last sale price $810,000 $704 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,860/month

33 Days on Market

Highlights

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

About This Home

As of January 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. Entire home has a 95% new foundation, full french drain system in the basement with 8 foot ceilings, and large closet and storage space. 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: 10/16/2019

Last Buyer's Agent

Andrew Scannell

Compass License #449541178

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,010

Year Built

  • Built in 1869

Utilities

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

Additional Features

  • Range
  • Wood Flooring
  • Basement

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,010

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: 712.17
  • Comp Based On: Net Sale Price
  • Year Built: 1869
  • Unit Building: 2
  • Unit Level: 1
  • Unit Placement: Below Grade, Street, Top/Penthouse
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1869

Interior Features

  • Flooring: Hardwood
  • Appliances: Range
  • No Bedrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • No Rooms: 4
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: AN4487
  • Main So: K95001
  • Estimated Sq Ft: 1150.00

Exterior Features

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

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, Tankless
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Highway Access
  • HOA Fees: 185.00
  • Association Fee Includes: Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
  • Condo Association: Yes

Lot Info

  • Page: 2222
  • Zoning: 2222

Tax Info

  • Assessor Parcel Number: 413344

Multi Family

  • No Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2019
Closed on
Jan 9, 2020
Sold by
116 Reed Street Llc
Bought by
Chatterjee Anirban
Seller's Agent
Mike Tokatlyan
Contempo Builders, Inc.
Buyer's Agent
Andrew Scannell
Compass
List Price
$819,000
Sold Price
$810,000
Premium/Discount to List
-$9,000
-1.1%
Total Days on Market
33
Current Estimated Value
$969,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,529
Avg. Annual Appreciation
3.17%
Original Mortgage
$607,500
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Chatterjee Anirban $810,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chatterjee Anirban $607,500
Closed Chatterjee Anirban $607,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $810,000 -1.1% $704 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $819,000 -- $712 / 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 $5,010 $788,900 $0 $788,900
2024 $4,561 $770,400 $0 $770,400
2023 $4,392 $749,500 $0 $749,500
2022 $4,301 $726,500 $0 $726,500
2021 $4,550 $777,800 $0 $777,800
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
  • Andrew Scannell

    Buyer's Agent in 2020

    Andrew Scannell

    Compass

    (617) 303-0067

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72580332

MLS Property Information Network (MLS PIN)

APN: CAMB-190 118 2

Massachusetts Middlesex County Cambridge 02140 North Cambridge

116 Reed St Unit 2, Cambridge, MA

This home is located at 116 Reed St Unit 2, Cambridge, MA 02140 since 16 October 2019 and is currently estimated at $969,529, approximately $843 per square foot. This property was built in 1869. 116 Reed St Unit 2 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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