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Cambridge 02140 North Cambridge
3 Madison Avenue
$432,500
● House - Off Market

3 Madison Avenue

Cambridge, MA 02140
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,529 Ft²
$904,447
RealtyHop Estimate
101.89%
Since Dec 1, 2003
MA-Boston
Primary Model

About This Property

WELL MAINTAINED COLONIAL WITH EASY ACCESS TO ROUTE 16. WOOD FLOORS. PLEASANT GARDEN WITH SEPARATELY METERED SPRINKLER SYSTEM. NEW FURNACE. UPDATED ELECTRICAL. SUNPORCH. BUILT-IN CHINA CUPBOARD. AMPLE PARKING WITH GARAGE AND LONG DRIVEWAY.
Unit Size
1,529 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$293
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1873

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30767277)

Price History

Date / Event Date Event Price
Nov 24, 2003 Sold
Premium
Sold
Sep 11, 2003 Listed by Rudis Realty $448,000
Listed by Rudis Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1873
  • Effective Year Built: 1873
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 630
  • Garage Type: 18
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,123
  • Total Building Area: 1,498
  • Gross Building Area: 2,725
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARY K HUNT
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cambridge School District
  • Census Tract: 355000

Zoning

  • Zoning: B

Geography

  • Parcel: CAMB M:00188 L:00133
  • Lot: 133
  • Municipality: CAMBRIDGE
  • Latitude: 42.4002
  • Longitude: -71.1359

    Address

  • Full Address: 3 Madison Ave
  • Address - House Number: 3
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Cambridge
  • Carrier Code: C009
  • 4-Digit Zip Code: 1614
  • Zip Code: 02140

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $619,100

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 68
  • Final Value: 954,338
  • High Value: 1,169,490
  • Low Value: 739,187

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,045,800
  • Assessed Land Value: $580,400
  • Assessed Improvements Value: $465,400

    Sales

  • Current Sale Recording Date: Nov 24, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1195
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Cambridge

Stats & Trends

Median Asking:

$1,099,000

Sale Price/ft²

$788

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1521 ft²

Average Home Age

86.4 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 205 Walden St, Cambridge, MA, 02140

$3,400 /mo

  • 2 Beds
  • 1 Bath
  • 963 ft²
205 Walden St #The Chilton 2P, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30767277

Frequently Asked Questions

When was property at 3 Madison Avenue built and last sold?
The property at 3 Madison Avenue was built in 1873 and last sold on Jan 1, 1970 for $432,500.
How much is this home worth?
The estimated value of the home located at 3 Madison Avenue is $0.
What are some comparable homes to 3 Madison Avenue?
There are currently no comparable homes to 3 Madison Avenue.
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