$975,000
●
Condo -
Off Market
992 Memorial Drive #406
Cambridge, MA 02138
1 Bed
1 Bath
861 Ft²
$1,423,493
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model
About This Property
Rare luxury condo in the beautiful brick and stone Harvard Square
landmark, Strathcona-on-the-Charles. Tucked away from the
bustle of Memorial Drive, this sophisticated yet charming 4th floor
condo has breathtaking views of the Charles River. Spacious with an
excellent floor plan, this condo has elegant details throughout
including high ceilings, hardwood floors, marble floor in the
bathroom, fireplace with ornate wood mantle, oak doors with glass
knobs. Generous sized den that can be used as a second or guest
bedroom and great closet space. Professionally managed building
with excellent amenities including an elevator, laundry room and
assigned lockable storage room in the basement. Easy walking
distance from multiple public transportation options, shops,
restaurants, and services of Harvard Square, and activities and
relaxation of the Charles River. Open house Saturday May 18th
1:00 to 3:00 p.m. Seller to review all offers Saturday May
18th by 5:00 p.m.
Unit Size
861 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,156
Property Type
Condo
Property Taxes
$412
HOA Dues
$509
Year Built
-
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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 #72497548)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2019 | Sold | ||
| Sold | |||
| May 10, 2019 | Listed by Gibson Sotheby's International Realty | $995,000 | |
| Listed by Gibson Sotheby's International Realty | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Features: Bathroom - Full, Flooring - Marble
Features: Flooring - Wall to Wall Carpet, Flooring - Wood
Features: Flooring - Stone/Ceramic Tile
Features: Closet, Flooring - Hardwood
Features: Closet, Flooring - Hardwood
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater, Utility Connections for Electric Oven
Flooring Type: Tile, Carpet, Marble, Hardwood
Laundry Features: In Building
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Entry Level: 4
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Strathcona-On-The-Charles
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: 410864
Water Source: Public
Financial Details
Tax Assessed Value: $785,900
Tax Annual Amount: $4,943
Utilities Details
Utilities: for Electric Oven
Cooling Type: Window Unit(s)
Heating Type: Central, Hot Water, Steam, Oil, Natural Gas, Common
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Laundry, Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $509
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/11/2026
|
2 Bed
|
1 Bath
|
861 ft²
|
$850,000
2 Bed
1 Bath
861 ft²
|
$838,000
-1.41%
04/15/2026
|
Gail and Gerry Team
The Higgins Group REALTORS®
| |
|
05/09/2023
|
2 Bed
|
1 Bath
|
-
|
$889,000
2 Bed
1 Bath
|
-
-
|
Cook Real Estate Partners
Keller Williams Realty
| |
|
06/22/2022
|
2 Bed
|
1 Bath
|
-
|
$884,000
2 Bed
1 Bath
|
-
-
|
Cook Real Estate Partners
Keller Williams Realty
| |
|
04/25/2021
|
2 Bed
|
2 Bath
|
1036 ft²
|
$1,000,000
2 Bed
2 Bath
1036 ft²
|
$955,000
-4.50%
07/28/2021
|
John O'Neil
Irwin & Company
| |
|
01/21/2021
|
2 Bed
|
2 Bath
|
1036 ft²
|
$1,350,000
2 Bed
2 Bath
1036 ft²
|
$1,388,000
+2.81%
02/24/2021
|
Jeffrey Sirkis
Charlesgate Realty Group, llc
| |
|
07/21/2020
|
2 Bed
|
1 Bath
|
1036 ft²
|
$1,050,000
2 Bed
1 Bath
1036 ft²
|
$1,231,000
+17.24%
08/21/2020
|
The Petrowsky Jones Group
Compass
| |
|
05/10/2019
|
1 Bed
|
1 Bath
|
861 ft²
|
$995,000
1 Bed
1 Bath
861 ft²
|
$975,000
-2.01%
08/01/2019
|
Cheryl Meyerson
Gibson Sotheby's International Realty
| |
|
08/16/2017
|
2 Bed
|
1 Bath
|
974 ft²
|
$910,000
2 Bed
1 Bath
974 ft²
|
$882,000
-3.08%
10/10/2017
|
Dura Winder
Coldwell Banker Realty - Cambridge
| |
|
04/13/2016
|
2 Bed
|
1 Bath
|
1036 ft²
|
$780,000
2 Bed
1 Bath
1036 ft²
|
$925,000
+18.59%
05/17/2016
|
Arthur Horiatis
Gibson Sotheby's International Realty
| |
|
03/30/2016
|
2 Bed
|
2 Bath
|
1348 ft²
|
$998,000
2 Bed
2 Bath
1348 ft²
|
$1,150,000
+15.23%
06/03/2016
|
Lisa Drapkin
Compass
| |
|
01/27/2012
|
2 Bed
|
2 Bath
|
1036 ft²
|
$795,000
2 Bed
2 Bath
1036 ft²
|
$745,000
-6.29%
03/30/2012
|
Charles Smith
Hammond Real Estate
| |
|
10/21/2011
|
2 Bed
|
1 Bath
|
861 ft²
|
$585,000
2 Bed
1 Bath
861 ft²
|
$565,000
-3.42%
01/20/2012
|
Charlie Smith and Debbie Barry
Hammond Real Estate
| |
|
01/28/2011
|
2 Bed
|
1 Bath
|
882 ft²
|
$525,000
2 Bed
1 Bath
882 ft²
|
$485,000
-7.62%
04/21/2011
|
Manish Patwari
StartPoint Realty
| |
|
07/07/1997
|
2 Bed
|
1 Bath
|
-
|
$299,900
2 Bed
1 Bath
|
$270,000
-9.97%
10/01/1997
|
Lillian McCauley
Century 21 Legacy Properties
|
Building Info
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