Seller's Agent in 2023
John Pentore
Horvath & Tremblay
(781) 484-8166
2 in this area
46 Total Sales
16 Gore St Cambridge, MA 02141
East Cambridge NeighborhoodEstimated Value: $2,052,000 - $2,519,000
9
Beds
6
Baths
2,840
Sq Ft
$829/Sq Ft
Est. Value
About This Home
As of January 202316 Gore Street, a three-unit building, is comprised of all 3-bedroom, 2-bathroom units with 2,840 square feet of living space in 3,790 square feet of total gross area on a 0.06-acre parcel. The building, a 5.31% Cap on Current Income, has been comprehensively renovated with condo-quality finishes and new appliances throughout as well as all new heating and cooling, plumbing and electrical. 16 Gore Street, which is fully sprinklered, is improved by a master lease with Atlas Living, LLC that encompasses the rental of all three units for a fixed annual rent. Atlas Living, LLC is in the fourth year of their five-year lease. The lease features three (3%) percent annual increases and expires on February 29, 2024. The tenant is responsible for heat, hot water and electric as well as cleaning services to the building’s interior.16 Gore Street offers the opportunity to acquire a fully leased, comprehensively renovated, turnkey investment in an exceptional, urban-infill location.
Last Buyer's Agent
Hamid Alizadeh
Senne
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,789
Year Built
- Built in 1873
Lot Details
- 2,506 Sq Ft Lot
Home Design
- 2,840 Sq Ft Home
- Frame Construction
- Rubber Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Utilities
- Separate Meters
- Gas Water Heater
Additional Features
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $11,801
- Assessor Parcel Number 400107
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Operating Expense $24,882
- Net Operating Income $116,729
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2022
Closed on
Feb 3, 2023
Sold by
Bhaireddy Sreenivasa and Bhaireddy Geetanjali
Bought by
Reddy Homes Llc
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
Hamid Alizadeh
Senne
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,517
Avg. Annual Appreciation
3.22%
Original Mortgage
$1,575,000
Outstanding Balance
$1,527,306
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$754,072
Purchase Details
Listed on
Nov 8, 2017
Closed on
Apr 3, 2018
Sold by
Borrelli Lia and Toneatti Silvana
Bought by
16 Gore Street Llc
Seller's Agent
Laura Fitzgerald
Winchester Realty
Buyer's Agent
John Pentore
Horvath & Tremblay
List Price
$1,349,000
Sold Price
$1,150,000
Premium/Discount to List
-$199,000
-14.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%
Original Mortgage
$1,263,679
Interest Rate
4.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 4, 2017
Sold by
Mario Fortuna T
Bought by
Borrelli Lia and Toneatti Silvana
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reddy Homes Llc | -- | None Available | |
| 16 Gore Street Llc | $1,150,000 | -- | |
| Borrelli Lia | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bhiareddy Sreenivasa R | $1,575,000 | |
| Previous Owner | 16 Gore Street Llc | $1,263,679 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/18/2023 01/18/23 | Sold | $2,100,000 | -4.5% | $739 / Sq Ft |
| 11/30/2022 11/30/22 | Pending | -- | -- | -- |
| 11/03/2022 11/03/22 | For Sale | $2,200,000 | +91.3% | $775 / Sq Ft |
| 04/02/2018 04/02/18 | Sold | $1,150,000 | -14.8% | $404 / Sq Ft |
| 12/13/2017 12/13/17 | Pending | -- | -- | -- |
| 11/08/2017 11/08/17 | For Sale | $1,349,000 | -- | $473 / 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 | $12,196 | $1,920,700 | $648,500 | $1,272,200 |
| 2024 | $11,363 | $1,919,400 | $694,300 | $1,225,100 |
| 2023 | $10,351 | $1,766,300 | $662,900 | $1,103,400 |
| 2022 | $9,380 | $1,653,600 | $657,100 | $996,500 |
| 2021 | $9,380 | $1,603,500 | $644,800 | $958,700 |
| 2020 | $7,447 | $1,295,100 | $650,900 | $644,200 |
| 2019 | $6,078 | $1,023,300 | $638,400 | $384,900 |
| 2018 | $5,445 | $865,700 | $529,400 | $336,300 |
| 2017 | $5,256 | $809,800 | $473,400 | $336,400 |
| 2016 | $4,758 | $680,700 | $370,600 | $310,100 |
| 2015 | $4,593 | $587,300 | $317,700 | $269,600 |
| 2014 | $4,130 | $492,800 | $246,000 | $246,800 |
Source: Public Records
Agents Affiliated with this Home
-
John Pentore
-
H
Buyer's Agent in 2023
Hamid Alizadeh
Senne
-
L
Seller's Agent in 2018
Laura Fitzgerald
Winchester Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73055027
APN: CAMB-000020-000000-000038
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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