B
Seller's Agent in 2023
Bigelow/ Irving
Compass
3 in this area
63 Total Sales
118 Magazine St Cambridge, MA 02139
Cambridgeport NeighborhoodEstimated Value: $2,131,403
--
Bed
2
Baths
5,996
Sq Ft
$355/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- 3-minute walk to Alberico Park
- Corner Lot
- Heating Available
About This Home
As of November 2023Attention developers, small business owners, and intrepid homeowners--a corner property in the heart of Cambridgeport brimming with potential! With nearly 6,000 square feet of gross interior space, this 1922 storefront building is currently being using as an office. The city places it in a C zone, with both commercial and residential uses allowed. A dramatic skylit entry foyer bisects the space, with large open rooms and private offices on either side. Downstairs are two more large rooms, along with two bathrooms and a kitchenette. Both lower and upper floors boast 8'10" +/- ceilings. The flat roof was replaced in 2017. Property will be delivered vacant.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,122
Year Built
- Built in 1922
Lot Details
- 3,650 Sq Ft Lot
- Corner Lot
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Interior Spaces
- 2 Bathrooms
- 5,996 Sq Ft Home
- Property has 2 Levels
- Insulated Windows
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Concrete
Parking
- On-Street Parking
- Open Parking
Utilities
- Cooling Available
- Heating Available
Community Details
- 2 Units
- Net Operating Income $239,976
Listing and Financial Details
- Total Actual Rent $19,998
- Assessor Parcel Number M:00102 L:00025,404711
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 31, 1997
Sold by
Summers James I and Summers Priscilla
Bought by
Hargreaves George
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,800
Interest Rate
7.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 5, 1987
Sold by
Ciccolo Gregory
Bought by
Dwyer Sq Tr
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hargreaves George | $591,000 | -- | |
| Hargreaves George | $591,000 | -- | |
| Dwyer Sq Tr | $257,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hargreaves George | $1,000,000 | |
| Closed | Hargreaves George | $945,000 | |
| Closed | Dwyer Sq Tr | $472,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $2,000,000 | 0.0% | $334 / Sq Ft |
| 09/29/2023 09/29/23 | Pending | -- | -- | -- |
| 09/27/2023 09/27/23 | For Sale | $1,999,999 | -- | $334 / 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 | $22,912 | $1,991,300 | $876,200 | $1,115,100 |
| 2024 | $22,912 | $2,190,400 | $923,700 | $1,266,700 |
| 2023 | $23,419 | $2,256,200 | $923,700 | $1,332,500 |
| 2022 | $24,115 | $2,147,400 | $854,300 | $1,293,100 |
| 2021 | $6,610 | $2,156,100 | $726,500 | $1,429,600 |
| 2020 | $24,408 | $1,924,900 | $690,000 | $1,234,900 |
| 2019 | $5,919 | $1,718,200 | $587,800 | $1,130,400 |
| 2018 | $5,699 | $1,535,100 | $525,700 | $1,009,400 |
| 2017 | $22,010 | $1,365,400 | $467,300 | $898,100 |
| 2016 | $21,588 | $1,219,000 | $398,000 | $821,000 |
| 2015 | $21,543 | $1,116,800 | $365,100 | $751,700 |
| 2014 | $21,777 | $1,065,400 | $346,800 | $718,600 |
Source: Public Records
Agents Affiliated with this Home
-
Bigelow/ Irving
-
The Bushari Team Compass
T
Buyer's Agent in 2023
The Bushari Team Compass
Compass
(617) 206-3333
1 in this area
89 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73164146
APN: CAMB-000102-000000-000025
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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