T
Seller's Agent in 2022
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
(978) 996-3604
6 in this area
347 Total Sales
133 Otis St Cambridge, MA 02141
East Cambridge NeighborhoodEstimated Value: $2,232,000 - $2,710,174
7
Beds
3.5
Baths
3,777
Sq Ft
$636/Sq Ft
Est. Value
Highlights
- 0.06 Acre Lot
- Wood Flooring
- Cooling Available
- Property is near public transit
- Porch
- 3-minute walk to Silva Park
About This Home
As of March 2022Turn-key investment property offering ideal access to Lechmere Station (1/3 mile), the Orange Line at Community College (1/2 mile), and the Red Line at Kendall/MIT (2/3 mile). This attached Mansard style three family has been meticulously maintained and updated throughout while retaining many original period details. Unit 1 offers 2 very large bedrooms, 1.5 recently updated bathrooms, and a modern kitchen (2013) with quartz countertops & high-end stainless-steel appliances. Unit 2 features 2 bedrooms, 1 bath, and an updated kitchen. ($3,150/month) In the mansard level, Unit 3 offers 3 bedrooms, a renovated bath (2015) and renovated kitchen with modern white cabinetry, quartz countertops, subway tile backsplash and a large private deck to round off the unit. ($3,750/month.) Fenced rear yard with stone patio. All units have in-unit laundry & newer hot water heaters (2019-2021). A tremendous opportunity for a new or seasoned investor. Offering a potential 4% Cap Rate.
Last Agent to Sell the Property
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge Listed on: 02/02/2022
Last Buyer's Agent
Stivaletta Team
The Agency Boston
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,675
Year Built
- Built in 1886
Lot Details
- 2,614 Sq Ft Lot
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,777 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Washer
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Patio
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $6,900
- Assessor Parcel Number 400369
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Building Details
- Insurance Expense $3,187
- Water Sewer Expense $1,200
- Operating Expense $4,387
- Net Operating Income $78,413
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 11, 2014
Sold by
Iskandani Houman
Bought by
133 Otis Street Rt
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
$971,250
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 13, 1996
Sold by
Korty Douglas R
Bought by
Svolos George and Pappas-Svolos Mary
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 133 Otis Street Rt | -- | -- | |
| Svolos George | $254,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 133 Otis Street Rt | $971,250 | |
| Previous Owner | Svolos George | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/24/2022 03/24/22 | Sold | $2,500,000 | +0.4% | $662 / Sq Ft |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- |
| 02/02/2022 02/02/22 | For Sale | $2,489,000 | +10.6% | $659 / Sq Ft |
| 06/13/2018 06/13/18 | Sold | $2,250,000 | 0.0% | $596 / Sq Ft |
| 04/10/2018 04/10/18 | Pending | -- | -- | -- |
| 04/04/2018 04/04/18 | For Sale | $2,250,000 | +125.0% | $596 / Sq Ft |
| 08/02/2013 08/02/13 | Sold | $1,000,000 | 0.0% | $265 / Sq Ft |
| 07/03/2013 07/03/13 | Pending | -- | -- | -- |
| 05/14/2013 05/14/13 | For Sale | $1,000,000 | -- | $265 / 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 | $15,614 | $2,458,900 | $534,200 | $1,924,700 |
| 2024 | $15,751 | $2,660,600 | $578,200 | $2,082,400 |
| 2023 | $14,146 | $2,414,000 | $538,800 | $1,875,200 |
| 2022 | $13,340 | $2,253,400 | $560,000 | $1,693,400 |
| 2021 | $12,676 | $2,166,800 | $537,700 | $1,629,100 |
| 2020 | $12,326 | $2,143,700 | $541,700 | $1,602,000 |
| 2019 | $9,155 | $1,541,200 | $531,300 | $1,009,900 |
| 2018 | $6,501 | $1,345,400 | $440,600 | $904,800 |
| 2017 | $8,124 | $1,251,700 | $394,000 | $857,700 |
| 2016 | $6,954 | $994,900 | $308,400 | $686,500 |
| 2015 | $6,724 | $859,800 | $264,400 | $595,400 |
| 2014 | $5,338 | $637,000 | $204,700 | $432,300 |
Source: Public Records
Agents Affiliated with this Home
-
The Team - Real Estate Advisors
-
S
Buyer's Agent in 2022
Stivaletta Team
The Agency Boston
-
The Residential Group
T
Seller's Agent in 2018
The Residential Group
William Raveis R.E. & Home Services
(617) 426-8333
1 in this area
273 Total Sales
-
Scott Johnson
Seller Co-Listing Agent in 2018
Scott Johnson
William Raveis R.E. & Home Services
(617) 296-7653
17 Total Sales
-
Jessica Nagle
Buyer's Agent in 2018
Jessica Nagle
Maloney Properties, Inc.
(781) 980-0956
68 Total Sales
-
Rachel Hillman Foy
Seller's Agent in 2013
Rachel Hillman Foy
Hillman Homes
(617) 930-5665
147 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72938856
APN: CAMB-000023-000000-000151
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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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