BUILDING FOR SALE OR LEASE. Two story, sun filled, south facing building available in the highly desirable Observatory Hill neighborhood of Cambridge. Close proximity to world renowned Harvard Square. Designed by award winning architects, the building was gut renovated in 2018 with the utmost attention to detail. Prime retail, office, or residential conversion opportunity
Property Details
Property Features
Property Information:
Architectural Style: Other (See Remarks)
Year Built: 1963
Living Area: 3,748 SqFt
Listing Office:
Office Name: Cushman & Wakefield
Listing Agent: Ryan Healy
Interior Features
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 5
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Cambridge Rindge and Latin, Public District Grades 9-12
Amigos School, Public District Grades PK-8
John M Tobin, Public District Grades PK-5
Peabody, Public District Grades PK-5
Maria L. Baldwin, Public District Grades PK-5
Other
Directions Information:
Directions: Recently gut-renovated building in excellent condition. Currently office, could be converted.
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Price Per SqFt: $934/SqFt
Agent Commission:
Buyer's Agent Commission: 2%
Tax Information:
Annual Amount: $16,291
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Cambridge, MA.
This property is $2.4M more than the Median Sold Price and $67/SqFt more than other homes in Cambridge, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73221252
Listing Office:
Office Name: Cushman & Wakefield
Listing Agent: Ryan Healy
Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 4/29/2024, 2:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 27, 2017
Oct 27, 2017Home Sold
$1,525,000
May 03, 2012
May 03, 2012Home Sold
$767,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,291
$1,374,800
2020
$15,557
$1,226,900
2019
$15,017
$1,095,300
2018
$14,084
$951,000
2017
$13,670
$848,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
John M Tobin
197 Vassal Ln
Distance between this listing and this school0.32 miles
Public District Grades PK-5
8
/10
Peabody
70 Rindge Ave
Distance between this listing and this school0.63 miles
Public District Grades PK-5
7
/10
Maria L. Baldwin
28 Sacramento St
Distance between this listing and this school0.86 miles
Public District Grades PK-5
Middle School
8
/10
Amigos School
15 Upton St
Distance between this listing and this school1.93 miles
Public District Grades PK-8
High School
5
/10
Cambridge Rindge and Latin
459 Broadway
Distance between this listing and this school1.33 miles
Public District Grades 9-12
Assigned Schools
7
/10
John M Tobin
197 Vassal Ln
Distance between this listing and this school0.32 miles
Public District Grades PK-5
8
/10
Peabody
70 Rindge Ave
Distance between this listing and this school0.63 miles
Public District Grades PK-5
7
/10
Maria L. Baldwin
28 Sacramento St
Distance between this listing and this school0.86 miles
Public District Grades PK-5
Assigned Schools
8
/10
Amigos School
15 Upton St
Distance between this listing and this school1.93 miles
Public District Grades PK-8
Nearby Schools
6
/10
Vassal Lane Upper School
197 Vassal Ln
Distance between this listing and this school0.32 miles
Public District Grades 6-8
5
/10
Rindge Avenue Upper School
70 Rindge Ave
Distance between this listing and this school0.63 miles
Public District Grades 6-8
Assigned Schools
5
/10
Cambridge Rindge and Latin
459 Broadway
Distance between this listing and this school1.33 miles
Public District Grades 9-12
Nearby Schools
9
/10
Belmont High School
221 Concord Ave
Distance between this listing and this school1.81 miles
Public District Grades 9-12
4
/10
Somerville High School
81 Highland Ave
Distance between this listing and this school1.85 miles
The neighbors living near this home have an average income of $128,795. The most common annual income of people living in Cambridge, MA is between $100k-200k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 281 Concord Ave
What is the listing price of this property?
The listing price of 281 Concord Ave property is $3,500,000.
What type of property is this?
The property 281 Concord Ave is a house located in Cambridge, Massachusetts, 02138.
Is this property for sale now?
Active Listing: 281 Concord Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 281 Concord Ave are: John M Tobin: GreatSchools Rating 7/10Peabody: GreatSchools Rating 8/10Maria L. Baldwin: GreatSchools Rating 7/10Amigos School: GreatSchools Rating 8/10Cambridge Rindge and Latin: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,291 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 27, 2017 for $1,525,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 281 Concord Ave has 5 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 281 Concord Ave is 3,748 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 281 Concord Ave is 1963.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 281 Concord Ave in Cambridge, MA and zip code 02138 in the Peabody neighborhood. This 3,748 square foot home, which was built in 1963, sits on a 0.09 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 08, 2024 and is currently priced at $3,500,000.
Cambridge, MA housing market in March 2024 saw over 21 listings sold above listed price, more than 5 sold at listed price and over 17 sold below. In March 2024 in Cambridge, MA there were 16.5% more homes for sale than in February 2024. In March 2024 median list price was $1,028,642 and the average listing age was 42 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Live Theatre
Live Theatre
Hiking/backpacking
Tennis
Bloomingdales
Crate & Barrel
Nordstrom Rack
Boston Market
Starbucks
The Cheesecake Factory
Mercedes
Audi
BMW
News
Alternative