$535,000
SOLD SEP 2, 2014

556 Franklin St Unit 2 Cambridge, MA 02139

Riverside Neighborhood
2 Beds
2 Baths
902 Sq Ft
1873 Built

Recently Sold

$593 Per Sq Ft

5% Below List Price

38 Days on Market

About This Home

As of September 2014

Location, location, location! Walk to everywhere. Classic triple decker, second floor unit 2DB/2BA unit with tandem parking for 1 COMPACT car. Open plan LR/DR w hardwood floors, galley kitchen, 2 BD, 2 full BA, porch, storage in basement, w/d in basement. Shared patio. The heart of Cambridgeport! All showing start at the Sunday, 6/8/14, Open House 1:30pm-2:30pm

Last Agent to Sell the Property

Theresa Kitaeff

Coldwell Banker Realty - Cambridge License #449510425 Listed on: 06/05/2014

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

S. Lee Shin

MBA Group

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,749

Year Built

1873

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Street
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1873

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Swimming Pool, Public School, T-Station
  • Electric: 110 Volts
  • Flooring: Wood
  • Interior Amenities: Other (See Remarks)
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Dining Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Unit Features: Porch, Patio

Garage/Parking

  • Garage Parking: Assigned
  • Parking: Off-Street, Deeded
  • Parking Spaces: 1

Utilities

  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Condominium Name: Franklin Street Association
  • Association Fee Includes: Water, Sewer, Master Insurance
  • Association Pool: No
  • Management: Professional - Off Site
  • Pets Allowed: Yes
  • No Units: 4
  • Unit Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2014
Closed on
Sep 3, 2014
Sold by
Ognibene Eugene C and Ognibene Lana
Bought by
Shin Sangmi L and Shin Robert
Seller's Agent
Theresa Kitaeff
Coldwell Banker Realty - Cambridge
Buyer's Agent
S. Lee Shin
MBA Group
List Price
$565,000
Sold Price
$535,000
Premium/Discount to List
-$30,000
-5.31%
Current Estimated Value
$859,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,220
Avg. Annual Appreciation
4.50%
Original Mortgage
$374,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 3, 2008
Sold by
Dossantos Deborah H and Dossantos Joseph C
Bought by
Ognibene Eugene C and Ognibene Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,080
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Deed $535,000 --
Deed $535,000 --
Deed $470,100 --
Deed $470,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $374,500 Adjustable Rate Mortgage/ARM
Closed $374,500 Adjustable Rate Mortgage/ARM
Previous Owner $371,400 No Value Available
Previous Owner $376,080 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Rented $3,400 -1.4% --
07/28/2017 07/28/17 Under Contract -- -- --
06/02/2017 06/02/17 For Rent $3,450 0.0% --
09/02/2014 09/02/14 Sold $535,000 0.0% $593 / Sq Ft
07/13/2014 07/13/14 Pending -- -- --
06/29/2014 06/29/14 Off Market $535,000 -- --
06/05/2014 06/05/14 For Sale $565,000 -- $626 / 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 $4,749 $747,800 $0 $747,800
2024 $4,294 $725,300 $0 $725,300
2023 $4,212 $718,700 $0 $718,700
2022 $4,197 $709,000 $0 $709,000
2021 $4,080 $697,400 $0 $697,400
2020 $3,922 $682,000 $0 $682,000
2019 $3,767 $634,200 $0 $634,200
2018 $3,763 $583,700 $0 $583,700
2017 $3,491 $537,900 $0 $537,900
2016 $3,343 $478,300 $0 $478,300
2015 $3,317 $424,200 $0 $424,200
2014 $3,280 $391,400 $0 $391,400
Source: Public Records

Agents Affiliated with this Home

  • Resco Homes

    Seller's Agent in 2017

    Resco Homes

    Gibson Sothebys International Realty

    (617) 817-1813

    1 in this area

    135 Total Sales

    Resco Homes
    Section Image
  • Edna Ramalho

    Buyer's Agent in 2017

    Edna Ramalho

    Coldwell Banker Realty - Boston

    (339) 224-8027

    36 Total Sales

    Edna Ramalho
    Section Image

  • T

    Seller's Agent in 2014

    Theresa Kitaeff

    Coldwell Banker Realty - Cambridge

    Section Image

  • S

    Buyer's Agent in 2014

    S. Lee Shin

    MBA Group

    (617) 694-9149

    9 Total Sales

    S. Lee Shin
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71694425

MLS Property Information Network (MLS PIN)

APN: CAMB-000121-000000-000057-000002

Massachusetts Middlesex County Cambridge 02139 Riverside

556 Franklin St Unit 2, Cambridge, MA

This home is located at 556 Franklin St Unit 2, Cambridge, MA 02139 and is currently priced at $535,000, approximately $593 per square foot. This property was built in 1873. 556 Franklin St Unit 2 is a home located in Middlesex County with nearby schools including Prospect Hill Academy Charter School and Saint Paul's Choir School.

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MLS Property Information Network (MLS PIN) 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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