NOT LISTED FOR SALE

Estimated Value: $1,760,000 - $1,876,243

6 Beds
3 Baths
3,319 Sq Ft
$549/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $1,625,000 $490 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,148/month

6 Days on Market

Highlights

  • Property is near public transit and schools
  • Tennis Courts
  • Park
  • Wood Flooring
  • Jogging Path
  • 4-minute walk to Reverend Thomas J. Williams Park

About This Home

As of September 2024

Fantastic opportunity to create a wonderful home in one of North Cambridge's most convenient locations. A 5,562 sq ft lot, situated on a one-way street with other well kept homes, 56 Rice St’s over 3,300 interior sq ft, not including the full unfinished basement, provides endless possibilities. The house will need updates but could be a wonderful single family for an end-user or developer. A condo conversion into 2 large units or a long term investment are other options that give this house immense flexibility for the next owner. The 2-car garage and deep lot add more utility and potential to this offering. Located just off Mass Ave. in close proximity to Porter & Davis Sq. along with Alewife there are many shops, restaurants and eateries at a stone's throw away. Group showings will be Fri 8/9 - Mon 8/12 from 12-1p and need to be confirmed with list agents. Seller may be willing to provide Buyer with financial incentives in the form of closing cost credits or other compensation.

Last Agent to Sell the Property

Max Dublin Team

Gibson Sotheby's International Realty Listed on: 08/07/2024

Gibson Sotheby's International Realty

Last Buyer's Agent

Max Dublin Team

Gibson Sotheby's International Realty Listed on: 08/07/2024

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,918

Year Built

  • Built in 1898

Lot Details

  • 5,562

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,319 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 5,562 Sq Ft Lot
  • Property is near public transit and schools
  • 2 Heating Zones

Listing and Financial Details

  • Assessor Parcel Number M:00196 L:00059,414051

Community Details

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,918

Year Built

Built in 1898

Lot Details

5,562 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1898
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3319
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB5918
  • MAIN SO: BB5918

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00196 L:00059,414051
  • Zoning: B
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5562
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8918

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 1981
Bought by
Norton Jill R
Current Estimated Value
$1,821,061
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Norton Jill R $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norton Jill R $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $1,625,000 +1.9% $490 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $1,595,000 -- $481 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $9,310 $1,466,200 $657,500 $808,700
2024 $8,675 $1,465,400 $686,900 $778,500
2023 $8,101 $1,382,400 $699,400 $683,000
2022 $7,456 $1,259,500 $641,900 $617,600
2021 $7,158 $1,223,600 $628,800 $594,800
2020 $6,888 $1,197,900 $614,900 $583,000
2019 $6,301 $1,060,700 $511,100 $549,600
2018 $5,809 $923,600 $430,400 $493,200
2017 $5,818 $896,400 $403,600 $492,800
2016 $5,654 $808,800 $349,700 $459,100
2015 $5,596 $715,600 $307,500 $408,100
2014 $5,322 $635,100 $269,000 $366,100
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73274780

MLS Property Information Network (MLS PIN)

APN: CAMB-000196-000000-000059

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