465 Cambridge St Unit 473 Cambridge, MA 02141
East Cambridge NeighborhoodEstimated Value: $5,471,493
12
Beds
4
Baths
11,000
Sq Ft
$497/Sq Ft
Est. Value
About This Home
As of April 2020A tremendous opportunity to own this sizable mixed use building and warehouse in a vitalized and developing commercial and residential zone of Cambridge, currently fully leased out and generating $19k+ of income monthly. The property sits on a main road, a location of busy activities, close to shopping,green line T, good eats and markets, highway and public transportation. It encompasses over 11,000+ of interior square footage (all updated and upgraded). Two businesses operate on the first level: a thriving spa and a newly built restaurant. This large retail space (4,200 sf) also connects to an additional 1,700 sf of warehouse space. Up above, there are 4 large residential units (2-3 bedrooms each) comprising approximately 5,200 sf of living space. Investors, this is the real deal, so do you due diligence and do not miss out!
Property Details
Home Type
- Multi-Family
Year Built
- 1880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2015
Closed on
Jul 31, 2015
Sold by
Lin Shirui
Bought by
Dazhang Llc
Seller's Agent
Paul Slavinski
Senne
Buyer's Agent
Jing Zheng
Keller Williams Realty
List Price
$2,975,000
Sold Price
$2,850,000
Premium/Discount to List
-$125,000
-4.2%
Total Days on Market
124
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
$2,621,493
Avg. Annual Appreciation
6.85%
Original Mortgage
$1,975,000
Interest Rate
3.97%
Mortgage Type
Commercial
Similar Home in Cambridge, MA
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 |
|---|---|---|---|
| Dazhang Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 465-471 Cambridge St Llc | $2,437,500 | |
| Closed | Dazhang Llc | $600,000 | |
| Closed | Lin Shirui | $1,975,000 | |
| Previous Owner | Adb Rt | $400,000 | |
| Previous Owner | Butera Charles J | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2020 04/29/20 | Sold | $3,750,000 | -2.6% | $341 / Sq Ft |
| 02/15/2020 02/15/20 | Pending | -- | -- | -- |
| 10/14/2019 10/14/19 | For Sale | $3,850,000 | +35.1% | $350 / Sq Ft |
| 07/31/2015 07/31/15 | Sold | $2,850,000 | -4.2% | $259 / Sq Ft |
| 07/01/2015 07/01/15 | Pending | -- | -- | -- |
| 04/21/2015 04/21/15 | For Sale | $2,975,000 | -- | $270 / 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 | -- | $3,850,200 | $1,120,000 | $2,730,200 |
| 2024 | -- | $3,859,500 | $1,145,000 | $2,714,500 |
| 2023 | $0 | $3,776,500 | $1,145,000 | $2,631,500 |
| 2022 | $0 | $3,618,500 | $1,070,000 | $2,548,500 |
| 2021 | $0 | $3,758,700 | $1,000,000 | $2,758,700 |
| 2020 | $0 | $3,461,700 | $975,000 | $2,486,700 |
| 2019 | $0 | $3,103,900 | $848,000 | $2,255,900 |
| 2018 | $0 | $2,838,500 | $737,500 | $2,101,000 |
| 2017 | -- | $2,521,800 | $700,000 | $1,821,800 |
| 2016 | -- | $1,282,200 | $500,000 | $782,200 |
| 2015 | -- | $1,138,400 | $387,000 | $751,400 |
| 2014 | -- | $1,053,300 | $360,000 | $693,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jing Zheng
J
Seller's Agent in 2020
Jing Zheng
Keller Williams Realty
(617) 599-3169
122 Total Sales
-
Siyin Qu
Buyer's Agent in 2020
Siyin Qu
eXp Realty
(888) 854-7493
4 in this area
38 Total Sales
-
Paul Slavinski
P
Seller's Agent in 2015
Paul Slavinski
Senne
(617) 876-4242
1 in this area
8 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72579471
APN: CAMB-000023-000000-000017
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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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