74 Reservoir St Cambridge, MA 02138
West Cambridge Neighborhood
6
Beds
3
Baths
3,190
Sq Ft
4,792
Sq Ft Lot
About This Home
As of January 2016Investors take note. Priced to sell in this Prime location with huge rental potential. This spacious 2 family Philadelphia style home is located in an upscale neighborhood adjoining Huron Village and within walking distance to Porter and Harvard Square, a couple of minutes' walk to buses. 5 minutes' walk to Huron Village for local shopping, convenient stores, and restaurants. Half a mile to Fresh Ponds golf course and Fresh Ponds lake, plus tennis courts. Very near major highway route 2. Quick close possible. Move-in ready. A two bed-room unit and a four-bedroom unit. Beautiful layout. Bedroom on the first floor. Large kitchens. Newer roof. 1 off street parking, plus very easy parking on the street. Tax abatement of $1700 for senior owners.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 06/18/2014
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$20,783
Year Built
1906
Lot Details
0
Listing Details
- Lot Description: Other (See Remarks)
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1906
Interior Features
- Fireplaces: 2
- Has Basement: Yes
- Fireplaces: 2
- Number of Rooms: 13
- Amenities: Public Transportation, Shopping, Golf Course, Medical Facility, T-Station, University
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Exterior: Shingles, Wood
- Exterior Features: Porch, Balcony, Gutters, Fenced Yard, Garden Area
- Foundation: Fieldstone
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 22, 2015
Closed on
Jan 15, 2016
Sold by
74 Reservoir Developme
Bought by
Brewer Scott and Sattar Erum
Seller's Agent
Ed Abrams
RE/MAX Real Estate Center
Buyer's Agent
Peter Lepak
Compass
List Price
$2,245,000
Sold Price
$1,937,000
Premium/Discount to List
-$308,000
-13.72%
Total Days on Market
41
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
$1,645,653
Avg. Annual Appreciation
8.03%
Original Mortgage
$1,549,600
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 18, 2014
Closed on
Aug 28, 2014
Sold by
Toner Patricia A
Bought by
74 Reservoir Dev Llc
Seller's Agent
Grace Glynn
William Raveis R.E. & Home Services
Buyer's Agent
Ed Abrams
RE/MAX Real Estate Center
List Price
$1,195,000
Sold Price
$1,250,000
Premium/Discount to List
$55,000
4.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.35%
Original Mortgage
$1,425,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $1,937,000 | -- | |
| Not Resolvable | $1,250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,415,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $1,549,600 | Purchase Money Mortgage | |
| Previous Owner | $1,425,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/15/2016 01/15/16 | Sold | $1,937,000 | -2.9% | $478 / Sq Ft |
| 11/07/2015 11/07/15 | Pending | -- | -- | -- |
| 10/15/2015 10/15/15 | Price Changed | $1,995,000 | -7.2% | $492 / Sq Ft |
| 09/22/2015 09/22/15 | Price Changed | $2,149,000 | -4.3% | $530 / Sq Ft |
| 09/08/2015 09/08/15 | Price Changed | $2,245,000 | 0.0% | $554 / Sq Ft |
| 09/08/2015 09/08/15 | For Sale | $2,245,000 | +15.9% | $554 / Sq Ft |
| 09/02/2015 09/02/15 | Off Market | $1,937,000 | -- | -- |
| 07/29/2015 07/29/15 | Price Changed | $2,260,000 | -1.1% | $558 / Sq Ft |
| 07/15/2015 07/15/15 | Price Changed | $2,285,000 | -1.7% | $564 / Sq Ft |
| 07/07/2015 07/07/15 | Price Changed | $2,325,000 | -1.1% | $574 / Sq Ft |
| 06/22/2015 06/22/15 | For Sale | $2,350,000 | +88.0% | $580 / Sq Ft |
| 08/28/2014 08/28/14 | Sold | $1,250,000 | +4.6% | $392 / Sq Ft |
| 07/29/2014 07/29/14 | Pending | -- | -- | -- |
| 06/18/2014 06/18/14 | For Sale | $1,195,000 | -- | $375 / 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 | $20,783 | $3,272,900 | $793,200 | $2,479,700 |
| 2024 | $19,062 | $3,219,900 | $846,100 | $2,373,800 |
| 2023 | $17,330 | $2,957,300 | $862,000 | $2,095,300 |
| 2022 | $16,021 | $2,706,300 | $851,800 | $1,854,500 |
| 2021 | $14,969 | $2,558,800 | $834,900 | $1,723,900 |
| 2020 | $14,146 | $2,460,100 | $826,600 | $1,633,500 |
| 2019 | $13,105 | $2,206,300 | $697,800 | $1,508,500 |
| 2018 | $13,006 | $2,067,800 | $628,600 | $1,439,200 |
| 2017 | $12,717 | $1,959,500 | $612,900 | $1,346,600 |
| 2016 | $7,739 | $1,107,100 | $537,500 | $569,600 |
| 2015 | $7,217 | $922,900 | $471,500 | $451,400 |
| 2014 | $6,748 | $805,200 | $402,300 | $402,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Abrams
Seller's Agent in 2016
Ed Abrams
RE/MAX Real Estate Center
(617) 388-1764
1 in this area
33 Total Sales
-
P
Buyer's Agent in 2016
Peter Lepak
Compass
-
Grace Glynn
Seller's Agent in 2014
Grace Glynn
William Raveis R.E. & Home Services
(617) 721-4933
55 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71700821
APN: CAMB-000232-000000-000015
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