$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
$878,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,928
Avg. Annual Appreciation
4.55%
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

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Range of Values:

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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 $680,000 Adjustable Rate Mortgage/ARM
Closed $680,000 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
Previous Owner $367,500 No Value Available
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

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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