NOT LISTED FOR SALE

Estimated Value: $1,619,000 - $1,860,609

3 Beds
3 Baths
2,299 Sq Ft
$755/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $1,520,000 $661 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,237/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Covered Patio or Porch
  • Property is near public transit
  • Tennis Courts
  • 2-minute walk to Riverside Press Park

About This Home

As of October 2023

Welcome to 263 Putnam Avenue, a charming two-family Victorian nestled in the Riverside neighborhood of Cambridge and a terrific candidate for single-family conversion. This well-lived home is a stone's throw from the Charles River and HBS. Thinking of a smart investment? Live comfortably in the spacious top unit with the kitchen, living, and dining areas on the main level, and two bedrooms, one with a study and private deck on the third floor, and a full bath on each level. The 1st-floor unit, complete with a bedroom, living room, and eat-in kitchen, is ripe for Airbnb potential or guest accommodations. For the investor, sprucing up the units and keeping them as rentals unleashes the competitive Cambridge rental market potential. Enjoy tandem parking for two vehicles, a tranquil zen garden, and the convenience of Trader Joe’s and Whole Foods at your doorstep. Harvard, MIT, and Boston are a breezy commute away. Don't miss this Riverside gem - where potential meets prime location!

Last Agent to Sell the Property

Lauren Holleran Team

Gibson Sotheby's International Realty Listed on: 09/06/2023

Gibson Sotheby's International Realty

Last Buyer's Agent

Yangyang Zhou

Coldwell Banker Realty - Lexington

Coldwell Banker Realty - Lexington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,848

Year Built

  • Built in 1886

Lot Details

  • 2,635 Sq Ft Lot
  • Near Conservation Area
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,299 Sq Ft Home
  • Property has 1 Level
  • Storm Doors

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Covered Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lottery Elementary And Middle School
  • Crls High School

Utilities

  • Cooling Available
  • 3 Cooling Zones
  • 2 Heating Zones
  • Heating Available
  • Separate Meters
  • 60 Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $2,700
  • Rent includes unit 1(water), unit 2(water)
  • Legal Lot and Block 263 / 29
  • Assessor Parcel Number M:00129 L:00029,408301

Community Details

Recreation

  • Tennis Courts
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Shops
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,848

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1886
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Wood Flooring,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 2(Ceiling Fans,Pantry,Cathedral/Vaulted Ceilings,Bathroom With Tub,Bathroom With Tub & Shower,Internet Available - Broadband), Unit 1 Rooms(Living Room,Living RM/Dining RM Combo), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Office/Den,Other (See Remarks))
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Utility Connections for Gas Range, Utility Connections for Gas Dryer
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 1(Washer & Dryer Hookup)
  • Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
  • Living Area: 2299
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 586.34
  • PRICE PER Sq Ft: 661.16
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Deck,Covered Patio/Deck,Gutters,Fenced Yard, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter, Stone, Brick/Mortar
  • Frontage Length: 44
  • Home Warranty YN: No
  • Patio And Porch Features: Deck, Covered
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Deeded, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, Washer Hookup
  • Cooling: Unit 1(Heat Pump,Unit Control,Ductless Mini-Split System), Unit 2(Window AC,Heat Pump,2 Units,Ductless Mini-Split System)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 60 Amps/Less, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 3
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, Private School, Public School, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00129 L:00029,408301
  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2635
  • Lot Size Units: Acres
  • PAGE: 59
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5848.48
  • Tax Block: 29
  • Tax Book Number: 75860
  • Tax Lot: 263
  • Tax Map Number: 129

Multi Family

  • Gross Income: 32400
  • Net Operating Income: 32400
  • Number Of Units Total: 2
  • Total Actual Rent: 2700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • High School: Crls
  • Elementary School: Lottery
  • Middle Or Junior School: Lottery

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Srulowitz Frances
Bought by
Frances Srulowitz Lt and Srulowitz
Current Estimated Value
$1,735,152

Purchase Details

Closed on
May 21, 1979
Bought by
Srulowitz Frances
Source: Public Records

Range of Values:

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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
Frances Srulowitz Lt -- None Available
Srulowitz Frances $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Hua $988,000
Previous Owner Srulowitz Frances $50,000
Previous Owner Srulowitz Frances $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2023 10/19/23 Sold $1,520,000 +12.8% $661 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $1,348,000 -- $586 / 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 $9,391 $1,478,900 $801,600 $677,300
2024 $8,921 $1,507,000 $855,000 $652,000
2023 $8,454 $1,442,700 $870,900 $571,800
2022 $8,154 $1,377,300 $860,700 $516,600
2021 $7,845 $1,341,100 $844,000 $497,100
2020 $7,610 $1,323,400 $835,600 $487,800
2019 $7,021 $1,182,000 $722,500 $459,500
2018 $17,944 $1,051,200 $625,200 $426,000
2017 $6,495 $1,000,700 $596,900 $403,800
2016 $5,898 $843,800 $468,100 $375,700
2015 $5,802 $742,000 $408,400 $333,600
2014 $5,793 $691,300 $392,700 $298,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73156019

MLS Property Information Network (MLS PIN)

APN: CAMB-000129-000000-000029