NOT LISTED FOR SALE

Estimated Value: $1,739,000 - $2,200,000

7 Beds
4 Baths
3,040 Sq Ft
$638/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $1,500,000 $493 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,132/month

14 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Porter Square Station
  • Patio
  • Porch

About This Home

As of November 2018

Ideally located just off Elm Street, one block to Porter Square and a half mile to Davis Square, this two family house is perfect for the long term investor or owner occupant. Just off the beaten path, it provides immediate access to the multitude of amenities, eateries, shops and movie theater, that these popular Cambridge and Somerville destinations have to offer. Both the first floor 3 bedroom/1.5 bath and second floor 4 bedroom/2 bath have two levels and in-unit laundry. They also have a strong rental history and have been well maintained. Unit 1, previously rented as two bedrooms at $3100, but recently converted to a three bedroom where the potential rent is estimated between $3300-3600/month. Unit 2 is currently leased through August 31st, 2019 for $4500. Nestled among only a few homes, situated on a corner lot, residents can enjoy the private back deck and patio along with driveway parking for 2 cars. Tremendous opportunity for an investment in a prime location in Cambridge.

Last Agent to Sell the Property

Max Dublin

Gibson Sotheby's International Realty Listed on: 09/19/2018

Gibson Sotheby's International Realty

Co-Listed By

Max Dublin Team

Gibson Sotheby's International Realty

Last Buyer's Agent

Yoon Song

Century 21 Shawmut Properties

Century 21 Shawmut Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,108

Year Built

  • Built in 1891

Lot Details

  • 2,614

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Patio
  • Porch

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:00179 L:00005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,108

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 542.76
  • Comp Based On: Net Sale Price
  • Year Built: 1891
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1891

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 3
  • Total Frplcs: 1
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Fbh: 3
  • Total Hbh: 1
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full, Partially Finished
  • Main Lo: BB5918
  • Main So: BB2272
  • Estimated Sq Ft: 3040.00
  • Basement Included Sq Ft: Yes

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Features: Porch, Patio

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, T-Station

Lot Info

  • Assessments: 1139700.00
  • Acre: 0.06
  • Lot Size: 2749.00
  • Page: 239
  • Parcel Number: M:00179 L:00005
  • Zoning: B
  • Lot Description: Corner

Multi Family

  • Heat Units: 2
  • Total Levels: 4
  • Total Rent: 7600
  • Total Rms: 12
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 7169.00
  • Assessor Parcel Number: 412421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2012
Sold by
Gedaminsky Stanley J and Gedaminsky Lisa S
Bought by
Gedaminsky Stanley J and Gedaminsky Lisa S
Current Estimated Value
$1,940,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2011
Sold by
Stanely J Gedaminsky R and Gedaminsky Stanley J
Bought by
Gedaminsky Stanley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2006
Sold by
Finn Julie Anne and Gedaminsky Stanley J
Bought by
Stanley J Gedaminsky R and Gedaminsky Lisa S

Purchase Details

Closed on
Aug 5, 1993
Sold by
Est Niemyski Helen M and James Ronald A
Bought by
Gedaminsky Stanley J and Gedaminsky Ann M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Gedaminsky Stanley J -- --
Gedaminsky Stanley J -- --
Stanely J Gedaminsky R $225,000 --
Stanley J Gedaminsky R -- --
Gedaminsky Stanley J $160,000 --
Gedaminsky Stanley J $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gedaminsky Stanley J $403,000
Previous Owner Stanely J Gedaminsky R $525,000
Previous Owner Gedaminsky Stanley J $335,000
Previous Owner Gedaminsky Stanley J $150,000
Previous Owner Gedaminsky Stanley J $5,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $1,500,000 -9.1% $493 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $1,650,000 -- $543 / 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 $10,108 $1,591,800 $667,600 $924,200
2024 $9,467 $1,599,100 $709,300 $889,800
2023 $8,825 $1,506,000 $725,400 $780,600
2022 $8,413 $1,421,100 $715,800 $705,300
2021 $8,069 $1,379,400 $700,600 $678,800
2020 $7,819 $1,359,900 $693,700 $666,200
2019 $7,303 $1,229,400 $601,800 $627,600
2018 $7,169 $1,139,700 $557,500 $582,200
2017 $7,037 $1,084,300 $532,100 $552,200
2016 $6,803 $973,300 $459,300 $514,000
2015 $6,395 $817,800 $361,100 $456,700
2014 $5,951 $710,100 $300,900 $409,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72398073

MLS Property Information Network (MLS PIN)

APN: CAMB-000179-000000-000005