$2,850,000
SOLD DEC 29, 2017
6 Beds
6 Baths
4,047 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$704 Per Sq Ft

14% Above List Price

164 Days on Market

About This Home

As of December 2017

65 Pearl is a +/- 4,000 square foot mixed-use property that features 6 residential units, one retail space and one garage parking space. The retail space is currently operated as a laundromat. 65 Pearl offers investors the opportunity to own a rarely available asset in one of the nation’s most prestigious cities. Driven by two of the most prominent academic institutions in the world - Harvard University and MIT - Cambridge, Massachusetts is diverse, transit-oriented and a magnet for long-term growth. Attractively situated in the vibrant Central Square neighborhood, positioned between Harvard Square and Kendall Square, 65 Pearl Street offers residents unmatched access to transportation, amenities and a deep employer base.

Last Agent to Sell the Property

Jason Weissman

Boston Realty Advisors Listed on: 07/10/2017

Last Buyer's Agent

Faye Fu

York Realty LLC

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 6
  • Full Bathrooms: 6
  • Total Levels: 2
  • Main Lo: NB9260
  • Main So: AN3745
  • Estimated Sq Ft: 4047.00

Exterior Features

  • Construction: Other (See Remarks)
  • Exterior: Other (See Remarks)
  • Foundation: Other (See Remarks)

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 6

Lot Info

  • Zoning: 99
  • Acre: 0.09
  • Lot Size: 3840.00

Multi Family

  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 6
  • Total Levels: 3
  • Total Rms: 16
  • Multi Family Type: 5+ Family - 5+ Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2018
Closed on
Dec 29, 2017
Sold by
65 Pearl Llc
Bought by
W & D Investment Llc
Seller's Agent
Faye Fu
York Realty LLC
Buyer's Agent
Faye Fu
York Realty LLC
Sold Price
$1,900
Current Estimated Value
$4,883,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,881,508
Avg. Annual Appreciation
6.45%
Original Mortgage
$1,850,000
Outstanding Balance
$1,579,595
Interest Rate
3.95%
Mortgage Type
Unknown
Estimated Equity
$3,036,556

Purchase Details

Listed on
Apr 1, 2015
Closed on
Jan 29, 2016
Sold by
Eon Beverly
Bought by
6 Pearl Pearl Llc
Seller's Agent
John Barmon
Coldwell Banker Realty - Cambridge
Buyer's Agent
Tara Wilstein
Compass
List Price
$1,985,000
Sold Price
$1,850,000
Premium/Discount to List
-$135,000
-6.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.24%
Original Mortgage
$1,375,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 1999
Sold by
Second Pearl St Rt
Bought by
Eon Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.78%
Mortgage Type
Commercial
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
Not Resolvable $2,850,000 --
Not Resolvable $1,850,000 --
Land Court Massachusetts $325,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,850,000 Unknown
Previous Owner $1,375,000 Commercial
Previous Owner $162,800 Commercial
Previous Owner $470,000 No Value Available
Previous Owner $400,000 Commercial
Previous Owner $310,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2018 03/26/18 Rented $2,200 0.0% --
03/26/2018 03/26/18 Under Contract -- -- --
01/02/2018 01/02/18 For Rent $2,200 0.0% --
12/29/2017 12/29/17 Sold $2,850,000 -1.7% $704 / Sq Ft
12/21/2017 12/21/17 Pending -- -- --
10/12/2017 10/12/17 Price Changed $2,900,000 +16.0% $717 / Sq Ft
07/10/2017 07/10/17 For Sale $2,500,000 +35.1% $618 / Sq Ft
01/29/2016 01/29/16 Sold $1,850,000 -6.8% $457 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
04/01/2015 04/01/15 For Sale $1,985,000 -- $490 / 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 -- $2,587,100 $1,456,000 $1,131,100
2024 -- $2,637,100 $1,533,000 $1,104,100
2023 $0 $2,600,200 $1,533,000 $1,067,200
2022 $0 $2,443,800 $1,435,000 $1,008,800
2021 $0 $2,534,800 $1,414,000 $1,120,800
2020 $0 $2,294,300 $1,365,000 $929,300
2019 $0 $2,064,300 $1,187,200 $877,100
2018 -- $1,487,200 $1,032,500 $454,700
2017 -- $1,256,700 $980,000 $276,700
2016 -- $918,800 $700,000 $218,800
2015 -- $757,100 $481,900 $275,200
2014 -- $698,300 $457,500 $240,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72195568

MLS Property Information Network (MLS PIN)

APN: CAMB-000106-000000-000051