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975 Memorial Drive # 401, Cambridge MA 02138

Cambridge, MA 02138
$2,950,000
Est. $19,198/month
2
Beds
2
Baths
1,374
Sq Ft
$2,147
Price/Sq Ft
1986
Year Built
-1
Days on Market
Closed Listed Sep 23, 2024 • MLS# 73293592 Copied!

About this home

Peaceful, panoramic, treetop views overlooking JFK Park & Charles River. End/corner unit offers both front to back floor plan & windows on 3 sides. Open, liv/dining rm has flr to ceiling, south facing windows, w/two glass alcoves, private balcony & wall of mahogany bookcases. Quartersawn oak flrs. Eat-in kitchen w/new SS appliances. Main bdrm has private bath & walk in closet. In unit W/D & copious closet space inc. priv. storage on different floor. Enjoy direct access to your unit from garage/lobby via semiprivate elevator. Sought after building for its security, convenience & prestige & 24 hr concierge. Sense of community resulting from hi owner occ. & many long-term residents, fostered via common reception & courtyard that hosts social events. The Residences offers a rare opportunity to enjoy a private retreat while living in the heart of Harvard Sq. Fine restaurants & shopping just outside your door. Kennedy School next door, easy walk/bike/drive/T ride to MIT, MGH, downtown.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1986
Bedrooms
2
Full Bathrooms
2
Living Area
1,374 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $3,100,000
Final Sale Price: $2,950,000
Difference: $150,000 (-4.8%)
Performance Metrics
95.2%
List to Sale Ratio
Sold below asking price
-1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $2,256
Sale $/sq ft: $2,147
This property sold for $2,147 per square foot
Sale Summary

This property sold for 4.8% below the original asking price.

With only -1 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$2,147/sq ft
Area Average
$1,013/sq ft
Difference
+112.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1986
Living Area 1,374 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Heat Pump
Cooling Central Air
Flooring None
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Fourth Floor, In Unit
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Balcony, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Under, Garage Door Opener, Off Street
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $14,881
Assessed Value $2,443,300

Interior Features

Flooring:
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Fourth Floor, In Unit
Security: Intercom, Concierge

Construction & Materials

Year Built: 1986
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony, City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Under, Garage Door Opener, Off Street

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, River
View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

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Neighborhood

975 Memorial Drive # 401, Cambridge MA 02138

Cambridge, MA 02138

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,240
Homeowners Insurance $200
HOA Fee $2,841/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

4.8%
Price Range

Property Timeline

Sold
Sep 24, 2024
$2,950,000
Property sold
🏠
Listed for Sale
Sep 23, 2024
$3,100,000
Original listing
Agent: Lisa Johnson Office: RE/MAX Destiny

Price & Status History

Date Event Price Change
Sep 23, 2024 New Listing Added $3,100,000

Market Statistics

Days on Market
-1 days
Price per Sq Ft
$2,147

Tax History

Year Taxes Assessment
2024 $14,881 $2,443,300

Financial Details

Annual Property Tax
$14,881
Tax Year 2024
HOA Fee
$2,841
Per month
Assessed Value
$2,443,300

Listing Information

Listing Agent Lisa Johnson
Agent MLS ID BB301024
Office MLS ID BB9927
Listing Data Updated Sep 24, 2024 3:17 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Cambridge, MA

Real-time market trends and pricing data for this area

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BMN Boston Real Estate

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