NOT LISTED FOR SALE

Estimated Value: $681,000 - $791,596

8 Beds
6.5 Baths
4,334 Sq Ft
$169/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $2,200,000 $508 Per Sq Ft

Current estimated payment $4,420/month

56 Days on Market

Highlights

  • Property is near public transit
  • Jogging Path
  • Park
  • Wood Flooring
  • Living Room
  • 4-minute walk to Wheeler Park

About This Home

As of March 2024

An excellent investment opportunity like this doesn’t come along everyday! Unique property comprised of two beautifully maintained, tastefully updated, two family homes on one lot in the Riverside area of Cambridge close to Whole Foods, MIT, Memorial Drive and the Charles River! Each home boasts a one bedroom, one bath, first level apartment and a three-bedroom, 2/2.5 bath second and third level apartment for a total of four rental properties with their own separate gas/electric utilities. Happy tenants enjoy the feel of a “real home” with eat-in kitchens featuring granite countertops and stainless steel appliances as well as open floor plans with dining/living rooms accented by warm hardwood floors, exceptional ceiling height, and plenty of windows to let in the light. All units have commodious bedrooms with closets and tiled bathrooms including a combination of shower/tub stalls, vanities, and storage cabinets. Fully occupied and efficiently managed this home is in a class by itself!

Last Agent to Sell the Property

Alison Socha

Leading Edge Real Estate Listed on: 12/06/2023

Leading Edge Real Estate

Co-Listed By

Deborah Chandler

Leading Edge Real Estate

Last Buyer's Agent

Siyin Qu

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,018

Year Built

  • Built in 1886

Lot Details

  • 3,324 Sq Ft Lot
  • Near Conservation Area
  • Level Lot

Home Design

  • Quadruplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 4,334 Sq Ft Home
  • Living Room
  • Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Forced Air Heating System
  • 4 Heating Zones
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $11,700
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)

Community Details

Overview

  • 4 Units
  • Property has 2 Levels

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $2,930
  • Insurance Expense $2,856
  • Water Sewer Expense $6,000
  • Operating Expense $23,804
  • Net Operating Income $125,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,018

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1886
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile, Vinyl, Concrete, Other
  • Interior Amenities: Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave
  • Total Bedrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7
  • Total Bathrooms: 6.5
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Basement: Full, Interior Entry, Concrete
  • Living Area: 4334
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 692.2
  • PRICE PER Sq Ft: 507.61
  • MAIN SO: AC0342

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup
  • Cooling: None
  • Heating: Baseboard, Natural Gas, Forced Air, Heat Pump
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • COOLING ZONES: 0
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Conservation Area, Other
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3324
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 18018.11
  • Tax Book Number: 0

Multi Family

  • Electric Expense: 2930
  • Gross Income: 140400
  • Insurance Expense: 2856
  • Net Operating Income: 125704
  • Number Of Units Total: 4
  • Operating Expense: 23804
  • Total Actual Rent: 11700
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 2
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2016
Sold by
Farnum Ft
Bought by
Wllis Jeanette L and Farnum Elaine L
Total Days on Market
56
Current Estimated Value
$733,899
Source: Public Records

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 Buyer Sale Price Title Company
Wllis Jeanette L -- --
Ir 26 Callender Street -- --
Wllis Jeanette L -- --
26 Callender Street Ir -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24-26 5 Callender St Llc $1,320,000
Closed Farnum Stephen E $394,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $2,200,000 -26.7% $508 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
12/06/2023 12/06/23 For Sale $3,000,000 -- $692 / 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 $3,981 $627,000 $0 $627,000
2024 $3,621 $611,700 $0 $611,700
2023 $3,477 $593,400 $0 $593,400
2022 $3,463 $585,000 $0 $585,000
2021 $3,390 $579,500 $0 $579,500
2020 $3,299 $573,800 $0 $573,800
2019 $3,161 $532,100 $0 $532,100
2018 $3,143 $488,100 $0 $488,100
2017 $2,891 $445,400 $0 $445,400
2016 $2,765 $395,500 $0 $395,500
2015 $2,738 $350,100 $0 $350,100
2014 $2,695 $321,600 $0 $321,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73185606

MLS Property Information Network (MLS PIN)

APN: CAMB-000122-000000-000027-000026