Seller's Agent in 2024
Chris Sower
Cushman & Wakefield
(617) 204-4134
18 in this area
40 Total Sales
28 Wendell St Cambridge, MA 02138
Baldwin NeighborhoodEstimated Value: $10,424,672
27
Beds
18
Baths
12,204
Sq Ft
$854/Sq Ft
Est. Value
Highlights
- 0.26 Acre Lot
- 18 Fireplaces
- 2-minute walk to Edward Alden Park
About This Home
As of June 2024*Offers on this property are due 5/16* Presenting 28 Wendell Street, a 12,204 SF, 3-story building located in the Harvard Square area of Cambridge, Massachusetts. 28F Wendell is a traditional apartment building featuring 14 market-rate studios. 28R Wendell is currently licensed for 13 rooms as a lodging house and college dormitory. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, this property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions, among other options and strategies. 28 Wendell Street is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. The property is located within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $0
Year Built
- Built in 1930
Lot Details
- 0.26 Acre Lot
Home Design
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 12,204 Sq Ft Home
- 18 Fireplaces
Bedrooms and Bathrooms
- 27 Bedrooms
Community Details
- 27 Units
- Property has 9 Levels
Listing and Financial Details
- Total Actual Rent $19,998
- Assessor Parcel Number 410518
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 27, 2023
Closed on
May 29, 2024
Sold by
Lesley University
Bought by
Hrii 30 Wendell Llc
Seller's Agent
Chris Sower
Cushman & Wakefield
Buyer's Agent
Chris Sower
Cushman & Wakefield
List Price
$12,500,000
Sold Price
$10,300,000
Premium/Discount to List
-$2,200,000
-17.6%
Views
276
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,672
Avg. Annual Appreciation
0.92%
Original Mortgage
$100,000
Outstanding Balance
$98,741
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$10,325,931
Purchase Details
Closed on
Aug 25, 1986
Bought by
Lesley College
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hrii 30 Wendell Llc | $10,300,000 | None Available | |
| Lesley College | $1,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hrii 30 Wendell Llc | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2024 06/04/24 | Sold | $10,300,000 | -17.6% | $844 / Sq Ft |
| 04/01/2024 04/01/24 | Pending | -- | -- | -- |
| 04/27/2023 04/27/23 | For Sale | $12,500,000 | -- | $1,024 / 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 | $0 | $9,483,700 | $4,426,200 | $5,057,500 |
| 2024 | $0 | $4,434,700 | $1,514,600 | $2,920,100 |
| 2023 | $21,130 | $4,527,300 | $1,554,500 | $2,972,800 |
| 2022 | $21,130 | $4,081,600 | $1,455,100 | $2,626,500 |
| 2021 | $21,130 | $4,263,900 | $1,419,600 | $2,844,300 |
| 2020 | $21,130 | $3,948,400 | $1,419,600 | $2,528,800 |
| 2019 | $21,130 | $3,557,300 | $1,234,700 | $2,322,600 |
| 2018 | $19,975 | $3,175,600 | $1,073,800 | $2,101,800 |
| 2017 | -- | $2,886,900 | $1,019,200 | $1,867,700 |
| 2016 | -- | $2,579,300 | $728,000 | $1,851,300 |
| 2015 | -- | $2,217,700 | $626,100 | $1,591,600 |
| 2014 | -- | $2,015,700 | $582,400 | $1,433,300 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Sower
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73103993
APN: CAMB-000156-000000-000033
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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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