Seller's Agent in 2016
Thomas Murphy
LAER Realty Partners
(508) 775-1670
5 Total Sales
57 Cedar St Cambridge, MA 02140
North Cambridge Neighborhood
6
Beds
6
Baths
3,939
Sq Ft
9,148
Sq Ft Lot
About This Home
As of March 2016Attention Investors and Developers. A very rare find with incredible potential. 6 family multi unit home located at 57 Cedar St. Cambridge MA. 1 mile walk to Porter Square and a little over 2 mike walk to Harvard Square. Extremely close to Massachusetts Ave, the T and Red Line. Shopping, dining, churches and both Leslie and Harvard University all within walking distance. This is a developers dream. Six one bedroom one bath apartments with superb rental history. One unit empty all others occupied by tenants on month to month basis. Coin operated laundry located in the clean dry basement. Built in 1930 and the meticulous care it's been given shows. Includes 10 parking garages located on this large lot all with superb rental history and month to month tenants. The size of the lot allows for development of the garage area to be turned into new residential housing to compliment the existing 6 units. All information should be validated by buyer and buyer's agent
Property Details
Home Type
Multi-Family
Year Built
1930
Lot Details
9,148 Sq Ft Lot
Listing Details
- Lot Description: City View(s), Level
- Property Type: Multi-family
- Other Agent: 1.00
- Lead Paint: Unknown
- Year Round: Yes
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 2
- Year Built: 1930
Interior Features
- Has Basement: Yes
- Number of Rooms: 6
- Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Energy: Storm Windows, Storm Doors
- Flooring: Wood, Vinyl, Wall to Wall Carpet
- Basement: Full, Interior Access
- Total Levels: 2
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Clapboard
- Exterior Features: Deck, Gutters
- Foundation: Concrete Block, Fieldstone
Garage/Parking
- Garage Spaces: 10
- Parking: Off-Street
- Parking Spaces: 10
Utilities
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 6
Lot Info
- Zoning: 111
Multi Family
- Appliances Common: Washer, Dryer
- Cooling Common: None
- Heating Common: Forced Air, Gas
- Heat Units: 6
- Total Bedrooms: 6
- Total Floors: 2
- Total Full Baths: 6
- Total Levels: 3
- Total Rms: 18
- Total Rent_1: 7775
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 7, 2015
Closed on
Mar 1, 2016
Sold by
Bought by
Seller's Agent
Thomas Murphy
LAER Realty Partners
Buyer's Agent
Thomas Murphy
LAER Realty Partners
List Price
$2,600,000
Sold Price
$2,100,000
Premium/Discount to List
-$500,000
-19.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,223,797
Interest Rate
3.92%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,100,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $325,000 | ||
| Open | $1,575,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2016 03/01/16 | Sold | $2,100,000 | -19.2% | $533 / Sq Ft |
| 12/17/2015 12/17/15 | Pending | -- | -- | -- |
| 12/07/2015 12/07/15 | For Sale | $2,600,000 | -- | $660 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,159 | $2,702,200 | $1,344,000 | $1,358,200 |
| 2024 | $16,569 | $2,798,800 | $1,374,000 | $1,424,800 |
| 2023 | $16,556 | $2,825,300 | $1,374,000 | $1,451,300 |
| 2022 | $15,357 | $2,594,100 | $1,284,000 | $1,310,100 |
| 2021 | $15,573 | $2,662,100 | $1,200,000 | $1,462,100 |
| 2020 | $14,174 | $2,465,000 | $1,170,000 | $1,295,000 |
| 2019 | $13,190 | $2,220,600 | $1,017,600 | $1,203,000 |
| 2018 | $12,470 | $1,982,500 | $885,000 | $1,097,500 |
| 2017 | $10,171 | $1,567,200 | $840,000 | $727,200 |
| 2016 | $9,782 | $1,399,400 | $642,000 | $757,400 |
| 2015 | $9,408 | $1,203,100 | $516,000 | $687,100 |
| 2014 | $9,088 | $1,084,500 | $480,000 | $604,500 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Murphy
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71939231
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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