18-20 Fairmont St Cambridge, MA 02139
Cambridgeport NeighborhoodEstimated Value: $2,319,534 - $2,516,000
9
Beds
4
Baths
3,348
Sq Ft
$724/Sq Ft
Est. Value
Highlights
- 0.12 Acre Lot
- Wood Flooring
- Cooling Available
- Property is near public transit
- Jogging Path
- 3-minute walk to Dana Square Park
About This Home
As of January 2023HUGE opportunity for an owner-occupied or income property! This side-by-side, 2-unit multi-family home situated in sought-after Cambridgeport is ready for its new owner. Located moments from the heart of the city, easy access to major highways, shopping, restaurants, and MORE! 12 min drive to Logan, and close to MIT, Harvard Sq, Dana Park, Hoyt Field, Whole Foods & Trader Joes! Unit 1 offers 5 bedrooms and 1.5 bathrooms, large windows throughout, gleaming hardwood floors, and an updated kitchen offering stainless steel appliances and ample cabinet space. Unit 2 offers 4 bedrooms and 1.5 bathrooms, an eat-in kitchen with tons of countertop space, wide plank floors under the carpet and large bay windows. Each unit has separate utilities including a high-efficiency gas heating system, radiators, and water supply in unit 1 and gas powered forced hot air and water tank in Unit 2. All of this with off-street parking, a fenced-in front lawn, and all that Cambridge has to offer! Start packing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,023
Year Built
- Built in 1873
Lot Details
- 5,011 Sq Ft Lot
- Fenced
- Level Lot
- Garden
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,348 Sq Ft Home
- Unfinished Basement
- Block Basement Construction
- Storm Doors
Kitchen
- Built-In Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
Laundry
- Laundry Room
- Washer
Parking
- 2 Car Parking Spaces
- Driveway
- Unpaved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
Outdoor Features
- Bulkhead
- Patio
- Rain Gutters
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Heating Available
- 200+ Amp Service
- Tankless Water Heater
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $3,600
- Rent includes unit 2(water)
- Assessor Parcel Number M:00101 L:00094,404578
- Tax Block 00094
Community Details
Overview
- 2 Units
- Property has 3 Levels
Recreation
- Park
- Jogging Path
- Bike Trail
Additional Features
- Shops
- Net Operating Income $43,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 21, 2024
Sold by
18-20 Fairmont Street Llc
Bought by
Kranzusch Philip and Damestani Yasaman
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
$1,150,000
Outstanding Balance
$1,140,905
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,264,488
Purchase Details
Closed on
Sep 14, 2004
Sold by
Oconnell Helen M and Hartman Helen
Bought by
Oconnell Helen M and Oconnell James M
Purchase Details
Closed on
Nov 5, 1991
Sold by
John K Sr Est Oconnell
Bought by
Oconnell James M and Hartman Helen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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 |
|---|---|---|---|
| Kranzusch Philip | $2,350,000 | None Available | |
| Kranzusch Philip | $2,350,000 | None Available | |
| Oconnell Helen M | -- | -- | |
| Oconnell Helen M | -- | -- | |
| Oconnell James M | $180,000 | -- | |
| Oconnell James M | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kranzusch Philip | $1,150,000 | |
| Closed | Kranzusch Philip | $300,000 | |
| Closed | Kranzusch Philip | $1,150,000 | |
| Previous Owner | 18-20 Fairmont Street Llc | $3,037,500 | |
| Previous Owner | Oconnell James M | $540,000 | |
| Previous Owner | Oconnell James M | $203,000 | |
| Previous Owner | Oconnell James M | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2023 01/31/23 | Sold | $2,050,000 | +2.5% | $612 / Sq Ft |
| 11/27/2022 11/27/22 | Pending | -- | -- | -- |
| 11/24/2022 11/24/22 | For Sale | $1,999,900 | -- | $597 / 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 | $17,430 | $2,744,900 | $1,129,200 | $1,615,700 |
| 2024 | $11,630 | $1,964,500 | $1,176,400 | $788,100 |
| 2023 | $11,749 | $2,005,000 | $1,164,700 | $840,300 |
| 2022 | $11,023 | $1,862,000 | $1,103,700 | $758,300 |
| 2021 | $10,370 | $1,772,600 | $1,043,200 | $729,400 |
| 2020 | $9,816 | $1,707,100 | $991,800 | $715,300 |
| 2019 | $9,132 | $1,537,300 | $865,000 | $672,300 |
| 2018 | $8,695 | $1,382,300 | $760,700 | $621,600 |
| 2017 | $8,665 | $1,335,100 | $745,700 | $589,400 |
| 2016 | $7,940 | $1,135,900 | $589,100 | $546,800 |
| 2015 | $7,801 | $997,600 | $514,600 | $483,000 |
| 2014 | $7,697 | $918,500 | $488,500 | $430,000 |
Source: Public Records
Agents Affiliated with this Home
-
Rosalee DiScipio
Seller's Agent in 2023
Rosalee DiScipio
Lamacchia Realty, Inc.
(978) 210-6060
1 in this area
122 Total Sales
-
Ashley Gallo
A
Seller Co-Listing Agent in 2023
Ashley Gallo
Lamacchia Realty, Inc.
1 in this area
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73060569
APN: CAMB-000101-000000-000094
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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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