NOT LISTED FOR SALE

165 Elm St Cambridge, MA 02139

Wellington-Harrington Neighborhood

Estimated Value: $1,699,000 - $2,161,426

6 Beds
3 Baths
2,652 Sq Ft
$715/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $1,175,000 $443 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $11,346/month

7 Days on Market

About This Home

As of January 2017

(Back-up Offers Welcome, Lock-box) New to the market, Cambridge multi-family demonstrates "pride of ownership". Quality renovations include newer kitchens in the last 3 years, upgraded gas heating systems, hardwood flooring, bathrooms, lighting and much more. Excellent owner occupant building or turnkey investment property, needs nothing for busy January rental market. Minutes from Central Square Red line, Kendall Sq, high-tech employers, Harvard, MIT, and more! Both units separately metered. 4 bedroom / 1.5 bath estimated at $4400 per month. 2 bedroom / 1 Bath rent estimated at $2200 / month. Seller rented both units to a school including utilities, furniture, and cleaning service for $11,760 /month. (see attached profit & loss statement) Cap Rate potentials from 5.5% to 8%. Contact List Agent for Comprehensive Investment Prospectus. Excellent opportunity for enterprising landlord interested in low turn over 12 month leases & lucrative short-term furnished options

Last Listed By

Paul Raymond

Paul Raymond Brokerage LLC Listed on: 10/19/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,833

Year Built

1873

Lot Details

0

Listing Details

  • Lot Description: City View(s), Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1873

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Park, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood, Hardwood
  • Basement: Full, Unfinished Basement
  • Total Levels: 3

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Patio
  • Foundation: Fieldstone

Garage/Parking

  • Parking: On Street Permit

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: C-1

Multi Family

  • APOD Available: Yes
  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Levels: 3
  • Total Rms: 10
  • Total Rent_1: 6600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2016
Closed on
Jan 17, 2017
Sold by
Bae Holdings Llc
Bought by
Elmshire Llc
Seller's Agent
Paul Raymond
Paul Raymond Brokerage LLC
Buyer's Agent
Paul Raymond
Paul Raymond Brokerage LLC
List Price
$1,168,000
Sold Price
$1,175,000
Premium/Discount to List
$7,000
0.6%
Total Days on Market
7
Current Estimated Value
$1,895,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,607
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Nov 24, 2015
Sold by
Bae Holdings Llc
Bought by
Krall Kenneth and Krall Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,100
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 3, 2011
Sold by
Krall Kenneth and Krall Marisa
Bought by
Bae Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,700
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2007
Sold by
Krall Kenneth and Krall Marisa
Bought by
Bae Holdings Llc

Purchase Details

Closed on
May 2, 2006
Sold by
Corcione Liane
Bought by
Krall Kenneth and Krall Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Elmshire Llc $1,175,000 --
Krall Kenneth -- --
Bae Holdings Llc -- --
Krall Kenneth -- --
Bae Holdings Llc -- --
Krall Kenneth $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krall Kenneth $452,100
Previous Owner Krall Kenneth $469,700
Previous Owner Krall Kenneth $500,000
Previous Owner Krall Kenneth $62,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2017 01/17/17 Sold $1,175,000 +0.6% $443 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
10/19/2016 10/19/16 For Sale $1,168,000 -- $440 / 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 $8,833 $1,391,100 $619,000 $772,100
2024 $8,384 $1,416,300 $673,100 $743,200
2023 $7,829 $1,336,000 $684,400 $651,600
2022 $7,541 $1,273,800 $698,700 $575,100
2021 $7,172 $1,225,900 $685,300 $540,600
2020 $6,984 $1,214,600 $684,300 $530,300
2019 $6,422 $1,081,100 $600,500 $480,600
2018 $11,896 $903,600 $516,800 $386,800
2017 $11,743 $828,800 $462,000 $366,800
2016 $5,087 $727,700 $386,900 $340,800
2015 $4,889 $625,200 $323,400 $301,800
2014 $4,436 $529,400 $259,900 $269,500
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Paul Raymond

    Paul Raymond Brokerage LLC

    (617) 872-8956

    10 Total Sales

    Paul Raymond
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72083431

MLS Property Information Network (MLS PIN)

APN: CAMB-000085-000000-000052

Massachusetts Middlesex County Cambridge 02139 Wellington-Harrington

165 Elm St, Cambridge, MA

Homes for Sale in Cambridge, MA

This home is located at 165 Elm St, Cambridge, MA 02139 since 19 October 2016 and is currently estimated at $1,895,607, approximately $714 per square foot. This property was built in 1873. 165 Elm St is a home located in Middlesex County with nearby schools including Prospect Hill Academy Charter School and Community Charter School of Cambridge.

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