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Cambridge 02138 Neighborhood Nine
475 Concord Ave
$1,040,000
● House - Off Market

475 Concord Ave

Cambridge, MA 02138
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,036 Ft²
$1,054,976
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Bright & Spacious 3 bedrooms, 2.5 bathrooms Fee free attached Single Family built in 2013.  This modern single-family feeling  home has so much to offer: a large open space for living, dining and kitchen areas. Abundant sunlight and hardwood floor throughout the layout. It features a modern kitchen, garage, and a private setting, which is a rare find in Cambridge. LOCATION LOCATION LOCATION! Literally walking distance to Fresh Pond Reservation, MinutemanTrail, Whole Foods, Trader Joe's, a pharmacy, pre-school, kindergarten, baseball + track fields, restaurants and shopping; three bus lines across the street and 10-minute walking distance from Alewife subway. No Condo fee!
Unit Size
2,036 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$516
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
2013

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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: 6 months ago (MLSPIN #73083878)

Price History

Date / Event Date Event Price
May 8, 2023 Sold
Premium
Sold
Mar 17, 2023 In contract -
In contract
Mar 2, 2023 Listed by Quintess Real Estate $1,050,000
Listed by Quintess Real Estate
Dec 16, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 18
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,079
  • Total Building Area: 1,353
  • Gross Building Area: 2,070
  • Building Area: 1,353
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,353
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000025
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Cambridge School District
  • Census Tract: 354602

Zoning

  • Zoning: C-1A

Geography

  • Parcel: CAMB M:00261 L:00202
  • Lot: 202
  • Municipality: CAMBRIDGE
  • Latitude: 42.3868
  • Longitude: -71.1403

    Address

  • Full Address: 475 Concord Ave
  • Address - House Number: 475
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Cambridge
  • Carrier Code: C050
  • 4-Digit Zip Code: 1217
  • Zip Code: 02138

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $699,600

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 94
  • Final Value: 1,026,688
  • High Value: 1,106,242
  • Low Value: 947,135

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,181,800
  • Assessed Land Value: $503,800
  • Assessed Improvements Value: $678,000

    Sales

  • Current Sale Contract Date: May 08, 2023
  • Current Sale Recording Date: May 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 47130
  • Previous Sale Recording Date: Dec 16, 2013
  • Previous Sale Amount: $639,000
  • Previous Sale Document Type: O
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 Neighborhood Nine

Stats & Trends

Median Asking:

$968,500

Sale Price/ft²

$917

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1852 ft²

Average Home Age

86.8 years

Currently For Sale

29 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

$3,082 /mo

  • 2 Beds
  • 1 Bath
  • 963 ft²
205 Walden St #The Chilton, Cambridge, MA, 02140 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73083878

Frequently Asked Questions

When was property at 475 Concord Avenue built and last sold?
The property at 475 Concord Avenue was built in 2013 and last sold on May 8, 2023 for $1,040,000.
How much is this home worth?
The estimated value of the home located at 475 Concord Avenue is $1,095,790.
What are some comparable homes to 475 Concord Avenue?
There are currently no comparable homes to 475 Concord Avenue.
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