J
Seller's Agent in 2017
John Pentore
Horvath & Tremblay
20 Lambert St Cambridge, MA 02141
East Cambridge NeighborhoodEstimated Value: $1,433,000 - $2,342,000
3
Beds
3
Baths
2,190
Sq Ft
$810/Sq Ft
Est. Value
About This Home
As of October 201720 Lambert Street is a three-storied, gut renovated, condo quality three family located in the popular East Cambridge neighborhood and within walking distance to Kendall Square, one of the most prominent hubs of technology and biotechnology in the world. The property contains three (3) One Bedroom, One Bathroom apartments with off-street parking for each apartment as well as a custom built, bike storage rack for tenants. 20 Lambert is currently 100% leased (rents are below market) and offers investors the opportunity to acquire a completely renovated multi-family asset in one of the strongest real estate markets in the country. Adding to the properties appeal, multiple public transportation options are easily accessible from the property - bus routes run along Cambridge Street at the end of the block and the MBTA's Green Line Station at Lechmere and Red Line Station at Kendall Square, are 0.5 miles and 0.9 miles away respectively.
Last Agent to Sell the Property
John Pentore
Horvath & Tremblay Listed on: 08/28/2017
Last Buyer's Agent
John Pentore
Horvath & Tremblay Listed on: 08/28/2017
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,716
Year Built
1903
Lot Details
0
Listing Details
- Lot Description: Paved Drive
- Property Type: Multi-family
- Lead Paint: Unknown
- Year Built Description: Approximate
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1903
Interior Features
- Has Basement: Yes
- Number of Rooms: 9
- Amenities: Public Transportation, Shopping
- Full Bathrooms: 3
- Total Levels: 9
- Main Lo: AN2723
- Main So: AN2723
- Estimated Sq Ft: 2190.00
Exterior Features
- Construction: Frame
- Exterior: Fiber Cement Siding
- Exterior Features: Covered Patio/Deck, Fenced Yard
- Foundation: Other (See Remarks)
Garage/Parking
- Parking Spaces: 3
Utilities
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 3
Lot Info
- Zoning: C-2B
- Acre: 0.07
- Lot Size: 2894.00
Multi Family
- APOD Available: Yes
- Expenses Year End: 99/99
- Total Bedrooms: 3
- Total Floors: 6
- Total Full Baths: 3
- Total Levels: 3
- Total Rms: 9
- Total Rent_1: 6435
- Multi Family Type: 3 Family
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 28, 2020
Sold by
Usa 9Am Llc
Bought by
Real 99 Llc
Current Estimated Value
Purchase Details
Listed on
Aug 28, 2017
Closed on
Oct 30, 2017
Sold by
20 Lambert Street Llc
Bought by
Usa 9 Am Llc
Seller's Agent
John Pentore
Horvath & Tremblay
Buyer's Agent
John Pentore
Horvath & Tremblay
List Price
$1,395,000
Sold Price
$1,508,000
Premium/Discount to List
$113,000
8.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%
Original Mortgage
$1,056,000
Interest Rate
3.78%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 10, 2006
Sold by
Nunes Francisco B and Nunes Maria N
Bought by
20 Lambert Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Real 99 Llc | -- | None Available | |
| Usa 9 Am Llc | $1,508,000 | -- | |
| 20 Lambert Street Llc | $465,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Usa 9 Am Llc | $1,056,000 | |
| Previous Owner | 20 Lambert St Llc | $380,000 | |
| Previous Owner | 20 Lambert Street Llc | $300,000 | |
| Previous Owner | Dipaola Steven J | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2017 10/30/17 | Sold | $1,508,000 | +8.1% | $689 / Sq Ft |
| 09/08/2017 09/08/17 | Pending | -- | -- | -- |
| 08/28/2017 08/28/17 | For Sale | $1,395,000 | -- | $637 / 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 | $11,716 | $1,845,000 | $682,900 | $1,162,100 |
| 2024 | $10,906 | $1,842,200 | $722,800 | $1,119,400 |
| 2023 | $10,093 | $1,722,300 | $690,100 | $1,032,200 |
| 2022 | $9,564 | $1,615,500 | $682,900 | $932,600 |
| 2021 | $9,170 | $1,567,600 | $670,100 | $897,500 |
| 2020 | $8,730 | $1,518,300 | $676,400 | $841,900 |
| 2019 | $8,756 | $1,474,100 | $663,400 | $810,700 |
| 2018 | $8,108 | $1,289,000 | $550,200 | $738,800 |
| 2017 | $7,779 | $1,198,600 | $491,900 | $706,700 |
| 2016 | $7,342 | $1,050,400 | $385,100 | $665,300 |
| 2015 | $7,104 | $908,400 | $330,100 | $578,300 |
| 2014 | $6,670 | $796,000 | $255,700 | $540,300 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72219729
APN: CAMB-000035-000000-000039
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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