$1,915,000
SOLD JUL 31, 2020
8 Beds
4 Baths
3,649 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$525 Per Sq Ft

4% Below List Price

14 Days on Market

About This Home

As of October 2023

Rare opportunity for developers, investors or builders (Zoned C-1) on Hancock Street in Cambridge. This 4 family home offers 3,648 square feet of living area on a 4,228 square foot lot in one of the most sought after locations in Cambridge. This property has plenty of options. It is currently configured as a 3 family with a large 4 bedroom two bath unit on one side and two 2 bedroom one bath units on the other. The property is being sold "AS IS" and is vacant and easy to show. It is an ideal purchase for an owner/occupant who is looking to renovate and move in or investors who can update, expand or remove the existing structure and replace it with 3 units by right. 4 units would require a variance from BZA. Hancock Street is in a quaint neighborhood between Harvard and MIT and close to shops, restaurants and the T. All showings must be by appointment and adhere to the CDC & State guidelines including wearing of masks and gloves. Pls call for all appointments

Last Agent to Sell the Property

Gordon Freeman

Leading Edge Real Estate Listed on: 07/02/2020

Leading Edge Real Estate

Last Buyer's Agent

Lauren Holleran Team

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,640

Year Built

  • Built in 1854

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Additional Features

  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,640

Year Built

Built in 1854

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Commission: 2.50
  • Seller Agency: 2.50
  • Sub-Agency Relationship Offered: Yes
  • Year Built Description: Unknown/Mixed
  • List Price Per Sq Ft: 546.73
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1854
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1854

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 2
  • No Bedrooms: 8
  • Total Brs: 8
  • Full Bathrooms: 4
  • Total Fbh: 4
  • No Rooms: 20
  • Basement: Y
  • Basement Features: Full
  • Main Lo: AN4643
  • Main So: BB5918
  • Estimated Sq Ft: 3649.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood, Asbestos
  • Foundation: Brick

Garage/Parking

  • Parking Feature: On Street Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 220 Volts, Circuit Breakers
  • Cooling Zones: 2
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Cooling Units: 2

Condo/Co-op/Association

  • App Common: Washer, Dryer

Schools

  • High School: Rindge & Latin

Lot Info

  • Assessments: 1778900.00
  • Lot: 00077
  • Acre: 0.10
  • Lot Size: 4228.00
  • Page: 626
  • Zoning: Apartment
  • Lot Description: Corner

Multi Family

  • Heat Units: 2
  • Total Levels: 6
  • Total Rms: 20
  • No Units: 4
  • Mf Type: 4 Family - 4 Units Up/Down

Tax Info

  • Taxes: 10518.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2023
Sold by
Walsh Lili
Bought by
Severson Jordan T and Severson Jordan
Current Estimated Value
$2,714,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,655,000
Outstanding Balance
$1,622,775
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,107,924

Purchase Details

Closed on
Feb 15, 1977
Bought by
Mehrling Benjamin P
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 Type Sale Price Title Company
Condominium Deed $2,655,000 None Available
Condominium Deed $2,655,000 None Available
Deed $43,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,120,000 Adjustable Rate Mortgage/ARM
Open $1,655,000 Purchase Money Mortgage
Closed $1,655,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $2,600,000 0.0% $1,166 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $2,600,000 +35.8% $1,166 / Sq Ft
07/31/2020 07/31/20 Sold $1,915,000 -4.0% $525 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $1,995,000 -- $547 / 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 $13,640 $0 $0 $0
2024 $13,640 $2,304,000 $1,159,700 $1,144,300
2023 $12,805 $2,185,200 $1,181,500 $1,003,700
2022 $11,083 $1,872,100 $856,000 $1,016,100
2021 $11,239 $1,921,200 $808,000 $1,113,200
2020 $10,229 $1,778,900 $780,000 $998,900
2019 $9,520 $1,602,700 $678,400 $924,300
2018 $9,000 $1,430,900 $590,000 $840,900
2017 $8,443 $1,300,900 $560,000 $740,900
2016 $8,316 $1,189,700 $428,000 $761,700
2015 $7,997 $1,022,600 $344,000 $678,600
2014 $7,715 $920,600 $320,000 $600,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72688126

MLS Property Information Network (MLS PIN)

APN: CAMB-000117-000000-000077