C
Seller's Agent in 2022
Chris Sower
Cushman & Wakefield
7 Mellen St Cambridge, MA 02138
Baldwin NeighborhoodEstimated Value: $3,130,949
9
Beds
18
Baths
6,220
Sq Ft
$503/Sq Ft
Est. Value
About This Home
As of August 2022Presenting 7 Mellen Street a 6,220 SF, 2.5 story building located between Harvard Square and Porter Square in the heart of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions among other options and strategies. 7 Mellen Street is situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nations top colleges and universities, technology and bio-tech employers and many of the region's best shopping and dining amenities. The building is located within a 10-minute walk of a MBTA Red Line station as well as Harvard and Lesley University. Interested parties are invited to submit bids for the Cambridge Connection as a single portfolio, sub-portfolios or individual properties.
Last Agent to Sell the Property
Chris Sower
Cushman & Wakefield Listed on: 11/17/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,999
Year Built
- Built in 1883
Lot Details
- 5,467 Sq Ft Lot
Parking
- 99 Car Parking Spaces
Home Design
- Brick Exterior Construction
- Brick Foundation
- Slate Roof
- Stone
Interior Spaces
- 6,220 Sq Ft Home
- 18 Fireplaces
Bedrooms and Bathrooms
- 9 Bedrooms
Community Details
- 99 Units
- Property has 9 Levels
Listing and Financial Details
- Total Actual Rent $9
- Assessor Parcel Number 410531
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2021
Closed on
Aug 15, 2022
Sold by
Lesley University
Bought by
7-9 Mellen Street Llc
Seller's Agent
Chris Sower
Cushman & Wakefield
Buyer's Agent
Kim Walker Chin
Coldwell Banker Realty - Cambridge
List Price
$3,500,000
Sold Price
$3,000,000
Premium/Discount to List
-$500,000
-14.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,949
Avg. Annual Appreciation
1.30%
Purchase Details
Closed on
Nov 15, 1979
Bought by
Lesley College
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 7-9 Mellen Street Llc | $3,000,000 | None Available | |
| 7-9 Mellen Street Llc | $3,000,000 | None Available | |
| Lesley College | $375,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/16/2022 08/16/22 | Sold | $3,000,000 | -14.3% | $482 / Sq Ft |
| 04/08/2022 04/08/22 | Pending | -- | -- | -- |
| 11/17/2021 11/17/21 | For Sale | $3,500,000 | -- | $563 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $14,911 | $2,348,200 | $1,310,400 | $1,037,800 |
| 2024 | $22,240 | $2,126,200 | $792,700 | $1,333,500 |
| 2023 | $0 | $1,995,500 | $792,700 | $1,202,800 |
| 2022 | $0 | $2,319,000 | $734,500 | $1,584,500 |
| 2021 | $0 | $1,922,100 | $611,300 | $1,310,800 |
| 2020 | $0 | $1,865,900 | $582,900 | $1,283,000 |
| 2019 | $0 | $1,345,000 | $497,600 | $847,400 |
| 2018 | $0 | $1,271,000 | $447,800 | $823,200 |
| 2017 | -- | $1,172,900 | $398,100 | $774,800 |
| 2016 | -- | $1,034,700 | $308,400 | $726,300 |
| 2015 | -- | $935,800 | $282,100 | $653,700 |
| 2014 | -- | $884,800 | $269,000 | $615,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Kim Walker Chin
Buyer's Agent in 2022
Kim Walker Chin
Coldwell Banker Realty - Cambridge
(617) 864-4430
2 in this area
90 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72921071
APN: CAMB-000156-000000-000055
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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