Seller's Agent in 2023
Michael Gorenstein
Advantage Realty
(617) 714-4000
1 in this area
3 Total Sales
8 Suffolk St Cambridge, MA 02139
The Port NeighborhoodEstimated Value: $1,921,000 - $2,413,000
6
Beds
3
Baths
2,970
Sq Ft
$762/Sq Ft
Est. Value
About This Home
As of April 2023Rare opportunity to own a turn-key investment with potential further development. This offering is a neat 3 family with parking. Located in the highly desirable Area IV of Mid-Cambridge just steps from Central Square with a short walk to Kendall Sq. With an on site inspection you will discover that the building has been meticulously maintained inside and out. All units display a 2 bed 1 bath layout with thoughtful finishes and touches as if owner occupancy or condo conversion was always an interest. High ceilings, premium hardwood, modern fixtures, granite, stainless, bay windows and a naturally flowing layout. Private laundry in each apartment. Super clean basement with private storage for all units. Parking for all 3! Feedback from the rental market places these units in a top tier bracket for desirability and price point which has kept them coveted by return tenants or referrals. This property checks a TON of boxes for a variety of different investment seekers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,775
Year Built
- Built in 1903
Lot Details
- 2,760 Sq Ft Lot
- Property fronts an easement
Parking
- 3 Car Parking Spaces
Home Design
- 2,970 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Total Actual Rent $8,700
- Assessor Parcel Number M:00089 L:00086,403491
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $104,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 14, 2012
Sold by
Shachoy Christopher M and Shachoy Meredith C
Bought by
Shachoy Christopher M
Current Estimated Value
Purchase Details
Closed on
Oct 29, 2004
Sold by
Shachoy Meredith
Bought by
8 Suffolk Street Nt
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 29, 2004
Sold by
Shachoy Christopher M and Shachoy Meredith
Bought by
8 Suffolk St Nt
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 20, 2004
Sold by
8-10 Suffolk St Nt
Bought by
Herald Natalie C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.58%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 15, 2004
Sold by
8-10 Suffolk Street Nt
Bought by
8 Suffolk Street Nt
Purchase Details
Closed on
Aug 20, 2002
Sold by
Hurley Family Lp
Bought by
8-10 Suffolk St Nt
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shachoy Christopher M | -- | -- | |
| 8 Suffolk Street Nt | -- | -- | |
| Shachoy Meredith | -- | -- | |
| 8 Suffolk St Nt | -- | -- | |
| Shachoy Christopher M | -- | -- | |
| Herald Natalie C | $325,000 | -- | |
| 8 Suffolk Street Nt | -- | -- | |
| 8-10 Suffolk St Nt | $1,050,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Johnson Blake J | $1,500,000 | |
| Closed | Gates Holly G | $645,000 | |
| Previous Owner | Shachoy Christopher M | $726,000 | |
| Previous Owner | Shachoy Meredith | $300,000 | |
| Previous Owner | Shachoy Christopher M | $200,000 | |
| Previous Owner | Herald Natalie C | $260,000 | |
| Previous Owner | 8-10 Suffolk St Nt | $1,330,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/26/2023 04/26/23 | Sold | $2,200,000 | +10.0% | $741 / Sq Ft |
| 02/22/2023 02/22/23 | Pending | -- | -- | -- |
| 02/16/2023 02/16/23 | For Sale | $2,000,000 | +58.7% | $673 / Sq Ft |
| 10/12/2012 10/12/12 | Sold | $1,260,000 | +10.5% | $424 / Sq Ft |
| 09/12/2012 09/12/12 | Pending | -- | -- | -- |
| 08/15/2012 08/15/12 | For Sale | $1,139,900 | -- | $384 / 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 | $12,045 | $1,896,800 | $719,300 | $1,177,500 |
| 2024 | $11,243 | $1,899,100 | $765,100 | $1,134,000 |
| 2023 | $11,385 | $1,942,800 | $777,900 | $1,164,900 |
| 2022 | $10,775 | $1,820,100 | $767,800 | $1,052,300 |
| 2021 | $10,329 | $1,765,600 | $753,100 | $1,012,500 |
| 2020 | $9,935 | $1,727,800 | $752,000 | $975,800 |
| 2019 | $9,375 | $1,578,200 | $660,000 | $918,200 |
| 2018 | $8,936 | $1,420,600 | $568,000 | $852,600 |
| 2017 | $8,545 | $1,316,700 | $507,700 | $809,000 |
| 2016 | $8,252 | $1,180,500 | $425,200 | $755,300 |
| 2015 | $7,906 | $1,011,000 | $355,400 | $655,600 |
| 2014 | $7,416 | $885,000 | $285,500 | $599,500 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Gorenstein
-
Hans Nagrath
Buyer's Agent in 2023
Hans Nagrath
Compass
(646) 577-1294
6 in this area
150 Total Sales
-
William Senne
Seller's Agent in 2012
William Senne
Senne
(617) 775-4655
12 in this area
119 Total Sales
-
Paul Payson
P
Buyer's Agent in 2012
Paul Payson
Payson Realty
(617) 645-3166
31 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73078441
APN: CAMB-000089-000000-000086
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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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