NOT LISTED FOR SALE

131 Charles St Cambridge, MA 02141

East Cambridge Neighborhood
4 Beds
3 Baths
3,394 Sq Ft
3,000 Sq Ft Lot

Last Sold July 28, 2022

Last sale price $1,349,000 $397 Per Sq Ft

18 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Cooling Available
  • 0.07 Acre Lot
  • Jogging Path
  • 1-minute walk to Hurley Street Park

About This Home

As of July 2022

Great opportunity for developers, investors, or owner occupants in East Cambridge just .5 mile from Kendall Sq/MIT. The property consists of a 2 family side-by-side duplex home currently leased until 8/31/2022 for $5,300 per month. Long 3,000 sq ft lot in C-1 zone welcomes development potential for buyer with vision. Three off-street parking spaces and transit oriented: Lechmere green line: .4 mile; Kendall red line: .5 mile; Community College orange line: 1 mile; Harvard Sq red line: 2.2 mile. Convenient location just .7 mile from Cambridge Crossing, close proximity to Harvard & M.I.T. and short commute to Boston and Somerville. Enjoy neighborhood shops, restaurants, and entertainment! The proximity to Kendall Square with cluster of tech companies and high concentration of entrepreneurial start-ups makes this location very desirable for updating and holding long term as investment or developing. Bring your vision for future potential.

Last Agent to Sell the Property

Georgia Balafas

Corcoran Property Advisors Listed on: 06/02/2022

Last Buyer's Agent

Ann Hogstadius

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,178

Year Built

  • Built in 1854

Lot Details

  • 3,000 Sq Ft Lot

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 3,394 Sq Ft Home
  • Unfinished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $5,300
  • Rent includes unit 1(water), unit 2(water)

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $1,800
  • Water Sewer Expense $2,400
  • Operating Expense $10,400
  • Net Operating Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,178

Year Built

Built in 1854

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • Year Built: 1854
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Oil Water Heater,Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Crawl Space, Unfinished
  • Living Area: 3394
  • Stories Total: 6
  • MAIN LO: AN2383
  • MAIN SO: BB9927

Exterior Features

  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Gas), Unit 2(Forced Air,Oil)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, T-Station, University, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water)

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3000
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6178.01

Multi Family

  • Insurance Expense: 1800
  • Net Operating Income: 63600
  • Number Of Units Total: 2
  • Operating Expense: 10400
  • Total Actual Rent: 5300
  • LEVELS 1: 3
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2022 07/28/22 Sold $1,349,000 0.0% $397 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $1,349,000 -10.0% $397 / Sq Ft
06/02/2022 06/02/22 For Sale $1,499,000 -- $442 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Georgia Balafas

    Seller's Agent in 2022

    Georgia Balafas

    Corcoran Property Advisors

    (617) 283-1570

    2 in this area

    61 Total Sales

    Georgia Balafas
    Section Image
  • Ann Hogstadius

    Buyer's Agent in 2022

    Ann Hogstadius

    RE/MAX Real Estate Center

    (617) 875-5052

    2 in this area

    20 Total Sales

    Ann Hogstadius
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72991338

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Cambridge 02141 East Cambridge

131 Charles St, Cambridge, MA

Not Listed for Sale

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