10. 303 Broadway Unit 1R. A one-bedroom condo set back from the street with its own private entrance?!? How cool is that! Functions more like a single family. I served as the listing broker at Hammond Real Estate for this renovated 1-bedroom residence. Other highlights here include intelligent floor plan, in-unit laundry hook-ups, high ceilings, central air. SOLD for $328,000.

Private entrance for 1-br at 303 Broadway 1R.

9. 2 Union Terrace Unit 2B. To be or not 2B? Incredible one-bedroom on second floor with private entrance on first floor and roof deck up above. And there is also parking for one car and central air. Purchased by one of my buyer clients. SOLD for $342,000.

8. 22 Bradbury Unit A. A 1-br outside of Harvard Square in the Riverview association. This unit in the smaller building on Bradbury Street. Exceptional 2007 renovation. SOLD for $390,000. A Hammond Real Estate listing.

7. 141 Elm. New construction contemporary townhouse on four levels designed by Campbell Ellsworth. Listed as a 3-br residence but functions as a 2-br plus study. Three full baths. Nice private outdoor space. One of four units in the association in two buildings. Partially covered parking for one car. Right behind Oleana Restaurant. SOLD for $630,000.

Deck off master bedroom at 141 Elm

6. 11 Wright #3. Top floor 2-br, 2-bath condo close to Harvard Square with GARAGE PARKING plus one additional off-street parking space. Sky high ceilings here another added bonus. A Hammond Real Estate listing. SOLD for $646,300.

5. 57 Regent #4. A loft-style 2-br, 2-bath condo with its own private entrance and off-street parking for two cars. Close to the commuter rail line in Porter Square. I served as the listing agent at Hammond Real Estate for this offering, which SOLD for $658,000.

Private entrance for loft-style residence at 57 Regent #4.

4. 988 Memorial Drive Unit 403. Renovated 1,242 square foot 2-br, 2-bath unit with views of the Charles River. A Hammond Real Estate listing. This residence features in-unit side-by-side laundry, a rarity in this building. SOLD for $715,000.

3. 28 Clinton. I served as the listing broker at Hammond Real Estaet for this offering. A picture-perfect Victorian townhome on four levels with the look and feel of a single family. Multiple offers and SOLD for $935,250 (over the asking price of $929,000).

Handsome front facade of 28 Clinton in Mid Cambridge.

2. 11 Avon. New construction end unit townhouse with 3 bedrooms and 2.5 baths and garage parking with direct access to the residence. A Hammond Real Estate listing. A highlight here is the expansive private back yard. SOLD for $1,295,000. A Guy Asaph project – one of three in the association.

Expansive back yard at 11 Avon.

1. 128 Oxford. WOW! What a space. A Hammond Real Estate listing. One of the most dramatic residences I have ever seen in Cambridge. A carpentry shop (1908) was comprehensively renovated by S&H to incorporate luxury and comfort into a superb loft-style layout. Fantastic spaces, unusually high ceilings with skylights. Set back from street. A hidden gem. SOLD for $1,700,000.

Dramatic open plan main living area at 128 Oxford.

Are you looking to buy or sell in Cambridge? I am a Harvard graduate, Cambridge resident, and top real estate broker in the area since 1999. To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.

The Cambridge and Somerville Real Estate Blog.

Take a VIDEO TOUR of 1365 Cambridge #3  RIGHT NOW!

Take a VIDEO TOUR OF Inman Square RIGHT NOW!

1365 Cambridge is loft-style residence in the heart of Inman Square.

1365 Cambridge #3 is arguably the finest loft in Cambridge. Renovated in 2005 by Aedi Construction, 1365 Cambridge #3 is the sole residential unit in a three-unit building. It is a duplex condo located on the top two floors of a three-story building. Stunning open plan on the main living level, with an exposed brick wall and wood beam ceiling. The expansive open space overlooks Inman Square and is ideal for entertaining. Check out the floor plan.

Light-filled living area at 1365 Cambridge #3.

The living room area flows nicely into the dining area in the wide open plan at 1365 Cambridge #3.

Wine and dine in this generous dining area at 1365 Cambridge #3.

A spacious black and white kitchen with cork floor and stainless steel appliances is a perfect compliment to the living and dining areas at 1365 Cambridge #3.

Wow! Inviting black and white kitchen with cork floor.

Also found on the first floor at 1365 Cambridge #3 is a study alcove tucked into inviting corner near one of the front windows overlooking Cambridge Street.

Recessed alcove is a perfect desk nook.

Completing the first floor at 1365 Cambridge #3 is a full bath and direct access to a private staircase leading to the exclusive off-street parking space for one car. Very convenient!

On the top floor at 1365 Cambridge #3 you will find two good-size bedrooms with double-door closets and a full bath with full-size laundry. There is also additional closet and attic storage.

Front bedroom. You can see Boston out the window here.

Extras include central AC & alarm. This is a very rare offering.

For more information about 1365 Cambridge #3 in Cambridge, please be in touch. I am the listing broker.  I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, an Inman Square resident and a top broker in Cambridge & Somerville since 1999.

To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.

The Cambridge and Somerville Real Estate Blog.

60 Magnolia Avenue #3 is now SOLD. It closed on January 27, 2012 for $405,000. I served as the listing broker for the seller. 60 Magnolia Avenue #3 is a delightful light-filled top floor two-bedroom condo near Harvard and close to Inman Square in Mid-Cambridge. 60 Magnolia Avenue #3 scores a 91 on Walk Score - Walker’s Paradise! Out front you will find trees and white picket fences and brick sidewalks in a classic Cambridge neighborhood. At the end of the block is Kirkland Village, home to Savenor’s Market (where world-famous chef Julia Child shopped in her Cambridge days) and The Wine and Cheese Cask (offering the area’s best selection of wine and cheese from around the world). You will also find several restaurants (including Bergamot) and a very inviting cafe - The Biscuit. All this and more on your doorstep!

60 Magnolia Avenue - brick sidewalks make the block even more appealing. A classic Cambridge neighborhood.

The Biscuit - great cafe in Kirkland Village near 60 Magnolia.

Just as inviting as the neighborhood is 60 Magnolia Avenue #3 itself. Located on the top floor, this 2007 renovated residence is part of a four-unit association, with all units owner-occupied.

Especially appealing is the layout of 60 Magnolia Avenue #3. The main living area is a very functional L-shape, with the living room and dining room and kitchen flowing together but still functioning as discrete areas. Ceiling height of 8.5′ makes the rooms inviting – as does the gas fireplace in the corner of the dining room and visible from all principal rooms.

Living room at 60 Magnolia Avenue Unit 3.

Dining room with gas fireplace.

The kitchen at 60 Magnolia Avenue #3 features stainless steel appliances and granite countertops and has been impeccably maintained since being renovated. Everyone will LOVE the walk-in laundry closet off the kitchen, complete with full-size stack machines, included in the sale.

Spacious and inviting kitchen with door to private deck.

A real highlight of 60 Magnolia Avenue #3 is the expansive 16 x 9 covered deck accessible via a glass slider door off the kitchen (see above). To find a deck this size for a condo in Cambridge is RARE. As an added bonus, the deck is newly rebuilt in 2011!

Dynamite private deck for 60 Magnolia #3. Party time!

Another appealing aspect of 60 Magnolia Avenue #3 is the separation of the bedrooms from the main living area. Both bedrooms and the full bath are off the central hall. The master bedroom is located at the end of the hall and apart from the rest of the residence – ideal for privacy. The master bedroom itself is well served by a big bay with oversized windows and a good-size closet with built-ins to maximize efficiency.

Spacious master bedroom is ideally situated at end of hall.

The second bedroom at 60 Magnolia Avenue #3 is as big as some master bedrooms in other condos in this price range. As for the full bath, it is also refreshingly large and served by a good-size vanity and shower-tub. A big window adjacent to the sink brings in lots of natural light.

Full bath is striking for its size and light.

Extras at 60 Magnolia Avenue #3 include central air conditioning, hardwood floors, and replacement windows. To top if off, there is a private storage room on the lower level, accessible via the back stairs.

If you are considering buying or selling real estate in Somerville or Cambridge, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, an Inman Square resident and a top broker in Cambridge & Somerville since 1999.

To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.

The Cambridge and Somerville Real Estate Blog.

 

28 Clinton in Mid Cambridge. I listed and sold this condo in 2011 for $935,250. The list price was $929,000.

It is interesting to reflect on the MLS condo sales figures in Cambridge, Massachusetts for 2011 compared to 2010, and to take stock of where we are at in 2012.

Click on 2011 Cambridge, MA condo sales for an overview of 2011.

Click on 2010 Cambridge, MA condo sales for an overview of 2010.

Let’s see what observations can be made about the sales in 2011 compared to 2010.

Observations regarding Cambridge, MA condo sales in 2011 vs. 2010:
- Total sales volume in 2011 was $355,475,682 – up $28,767,172 or 8% from 2010.
- Total number of sales in 2011 was 713, up 51 condos or 7% from 2010.
- Average days on market in 2011 was 82, exactly the same as in 2010.
- Average sale price in 2011 was  $498,563, up 6.5% from an average sale price of $493,517 in 2010.
- Yield on the original list price was 95% in 2011, compared to 96% in 2010.
- Yield on the last asking price was 97% in 2011, exactly the same as in 2010.

Overall, one can conclude that the condo in Cambridge, MA in 2011 was very stable and slightly improved over 2010.

Let’s now look at the market by price range:

Price range                2011 sales      2010 sales     Differential
0 to $499,999               483                    447                   +36 more condos in 2011
$500 to $999,999        203                    189                   +14 more condos in 2011
$1.0 and up                     27                    26                     +1 more condos in 2011

These numbers paint a picture of a healthy condo market in Cambridge at the end of 2011.

It will be interesting to see how the Cambridge, MA condo market plays out in 2012. See on market snapshot for Cambridge, MA condos today compared to one year ago today. There were 171 condos for sale in Cambridge, MA on January 23, 2011. Today, on January 23, 2012, there are 92 condos for sale in Cambridge, MA. There are now 53 condos for sale below $500,000 compared to 106 condos a year ago below $500,000. Between $500,000 and $1.0, there are 22 fewer condos for sale today compared to a year ago. North of a million, there are 4 fewer condos for sale today than a year ago.

What impact will reduced inventory have on Cambridge condo prices in 2012? If demand remains on par with last year and inventory does not catch up with last year’s supply, one would expect prices to rise. The reduced inventory levels are surprising, especially when one considers that we are having a mild winter and hence weather is not a likely explanation for why there are fewer listings today compared to a year ago today. Indeed, a year ago today, we were still under siege with the snow. If anything, one would have expected fewer listings a year ago today. Go figure.

I would be happy to share with you additional thoughts and insights about the market and be of assistance to you with buying or selling. If you are considering buying or selling real estate in Cambridge or Somerville, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, a Cambridge resident and a top broker in Cambridge & Somerville since 1999.

To gain instant access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at Cambridge Real Estate.

The Cambridge Real Estate Blog.

It is interesting to reflect on the MLS single family sales figures in Cambridge, Massachusetts for 2011 compared to 2010.

Click on 2011 Cambridge, MA single family sales for an overview of 2011.

Click on 2010 Cambridge, MA single family sales for an overview of 2010.

Let’s see what observations can be made about the sales in 2011 compared to 2010.

Observations regarding Cambridge, MA single family sales in 2011 vs. 2010:
- Total sales volume in 2011 was $122,531,413 – down $25,620,380 or 17% from 2010.
- Total number of sales in 2011 was 114, down 15 houses or 12% from 2010.
- Average days on market in 2011 was 69, down from an average of 72 days on market in 2010.
- Average sale price in 2011 was  $1,074,837, down 6.5% from an average of $1,148,386 in 2010.
- Yield on the original list price was 95% in 2011, compared to 94% in 2010.
- Yield on the last asking price was 98% in 2011, compared to 97% in 2010.

Overall, one can conclude that the single family market in Cambridge, MA in 2011 was stable and slightly contracted.

Let’s now look at the market by price range:

Price range                2011 sales      2010 sales     Differential
0 to $499,999             17                      26                     -9 single families
$500 to $999,999      57                      45                     +12 single families
$1.0 to $1,499,999    20                      28                     -8 single families
$1.5 to $1,999,999      6                       11                    -5 single families
$2.0 to $2,499,999      6                         9                    -3 single families
$2.5 to $2,999,999      2                         4                    -2 single families
$3.0+                              6                         6                    same number of single families sold

Observations:
Under $1,000,000, the market is +3 houses in 2011 compared to 2010: STABLE.
$3.0+ the number of sales is the same in 2011 and 210: STABLE.
The contraction in the market is in the price range between $1.0 and $2,999,999, with 18 fewer sales in 2011 compared to 2010.

It will be interesting to see how the single family market plays out in 2012. See on market snapshot for today compared to one year ago today.

There were 23 single family properties for sale in Cambridge, MA on January 17, 2011. Today, on January 17, 2012, there are 11 single family properties for sale in Cambridge, MA. There are now  7 singles for sale compared to 13 a year ago below $1,000,000 and now 2 (!) singles for sale compared to 9 a year ago between $1.0 and $1,999,999.

It will be interesting to see what this contraction in the market means in terms of value moving forward in time. If demand remains constant and supply slips, one would expect prices to rise.

I would be happy to share with you additional thoughts and insights about the market and be of assistance to you with buying or selling.

If you are considering buying or selling real estate in Cambridge or Somerville, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, a Cambridge resident and a top broker in Cambridge & Somerville since 1999.

To gain instant access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at Cambridge Real Estate.

The Cambridge Real Estate Blog.

Living room at 351 Walden #1. I listed and sold this condo in 2011 for $810,000.

A few observations about these 27 3-bedroom condo sale events in Cambridge in 2011:

- 16 of the 27 are townhouse style units.

- 12 of the 27 are newly renovated or new construction.

- 23 of the 27 feature parking for at least one car.

- Average living area 1,693 square feet.

- 11 of the 27 SOLD between $675,000 and $705,000.

- 13 of the 27 SOLD between $750,000 and $799,000.

- 3 SOLD between $800,000 and $825,000.

- Average days on market – 52 days.

- Average price per square foot $454.

- Average list price $753,696.

- Average sale price $744,056.

- 2 in Riverside neighborhood

- 5 in North Cambridge neighborhood

- 6 in Cambridgeport neighborhood

- 6 in Mid Cambridge neighborhood

- 8 in Peabody neighborhood

It is fascinating to see that the 3-br offerings in the 675 to 825 price range tend to gather into two price ranges (high 600s and high 700s) and that just over half the offerings are townhouses and just under half are newly renovated.

I would be happy to share with you additional thoughts and insights about these sale events and be of assistance to you with buying or selling

If you are considering buying or selling real estate in Cambridge or Somerville, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, a Cambridge resident and a top broker in Cambridge & Somerville since 1999.

To gain instant access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at Cambridge Real Estate.

The Cambridge Real Estate Blog.

46 Inman is a new construction building (2006) containing two town homes.

46-2 Inman is a new construction (2006) townhome in Mid Cambridge between Harvard and MIT. 46-2 Inman scores an 89 on Walk Score - a very convenient  and walkable location. The Red Line with subway service to Boston is found at one end of the street in Central Square. At the other end of the street is Inman Square with its many shops and restaurants. Visit 46-2 Inman right now on the Cambridge For Sale channel on YouTube.

Private deck and garden at 46-2 Inman - an urban retreat.

46-2 Inman is part of Inman Court, a four-unit association in two buildings. An appealing aspect of 46-2 Inman is that the residence is set back from the street. A spacious deck off the living room steps down into a private garden, allowing 46-2 Inman to take full advantage of its nestled placement in the corner of the lot. This also affords 46-2 Inman a second off-street parking space – the only residence at Inman Court to enjoy a second spot.

Open and light-filled living room with gas fireplace.

The main living level at 46-2 Inman takes your breath away – an open plan with soaring 9’8 ceiling height and oversized windows allowing for ample natural light. Anchoring the living room is a gas fireplace. Direct access to the deck and private garden make for a true indoor-outdoor feeling for this urban retreat. The kitchen features a peninsula counter, stainless steel appliances and maple cabinets. A front hall with coat closet and access to half bath complete this level. The rarity of the amount of light and volume found here cannot be overemphasized.

Kitchen with peninsula counter opening onto main living area.

Upstairs on the bedroom level at 46-2 Inman is a good sized master bedroom with master bath en suite. Also found on this level is a second bedroom and second full bath, as well as a study and laundry closet. Overall, the top floor is very functional and well laid out.

Inside the master bedroom.

On the lower level at 46-2 Inman are an additional 565 square feet of finished space, including an area set up as a home office and ample storage. One could easily add a bath here – the plumbing is already in place. There is also direct access to both the garage parking space and second outdoor parking space. It is rare in Cambridge to have direct access to parking from within the home – no complaints on New England winter days!

View of deck and windows from living room.

If you are interested in 46-2 Inman I am here to help as the listing broker at Hammond Real Estate. I can be reached at ccherney@hammondre.com or 617-733-8937.

Two condominium residences at 391 Concord Avenue in West Cambridge

391 Concord Avenue #1 is now SOLD. Sold for $343,000 on October 21, 2011. I served as the listing broker at Hammond Real Estate.

391 Concord #1 is located in West Cambridge, across from Callanan Playground and Tobin Field and close to Fresh Pond.  The residence is very well maintained. All common areas have been freshly painted in the last several years, as well as the exterior of the house. Other recent improvements include back and front doors, the gutters, fencing, and a multi-zone irrigation system.

391 Concord Avenue #1. Unit 1 is an appealing renovated first floor two-bedroom, one-bath residence. It features an expansive double living room, as well as a cook’s kitchen opening onto a dynamite dining area with seven windows overlooking an exclusive use deck and shared rear yard. The sense of invitation and connection to the outdoors in this home is truly remarkable.

This  is also a good-size luxury bath with glazed terra cotta tile, jet tub, and make-up station with three-piece Robern medicine cabinet mirror, as well as door connecting directly to master bedroom.

Additional highlights of 391 Concord Avenue #1 are the stunning fir floors, built-in desk and bookshelves in the second bedroom,  and private laundry off the back hall. The high ceilings and recessed lights found throughout are another impressive feature. Ample storage on the lower level is a plus. Visitors find this to be a real home. One wants to linger here. For floor plan click HERE.

If you are interested in learning more about 391 Concord Avenue #1,  I am here to help as the listing broker for this residence.  I can be reached at ccherney@hammondre.com or 617-733-8937.

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Attractive front entrance at 303 Broadway.

The one remaining 1-bedroom and two remaining 2-bedroom residences will be offered for sale in 2012.

303 Broadway Unit 2R, a second floor two bedroom with a dynamic open floor plan.

Living room of 303 Broadway Unit 2R

All seven condominiums feature high efficiency heating and cooling systems, kitchens with granite counter tops and stainless steel appliances,  hardwood floors, private laundry hookups and private storage. Also, all units have access to outdoor space.

If you are interested in learning more about the three residences to be offered at 301-303 Broadway in 2012, please contact me.  I can be reached at ccherney@hammondre.com or 617-733-8937.

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39 Magnolia Avenue #3 is a stylish top floor two-bedroom, two-bath condo close to Inman Square and near Harvard. 39 Magnolia scores an 88 on Walk Score.

Appealing front entrance at 39 Magnolia Ave.

Out front you will find white picket fences and brick sidewalks in a classic Cambridge neighborhood. At the end of the block is Kirkland Village, home to  Savenor’s Market (where Julia Child shopped in her Cambridge days) and The Wine and Cheese Cask (offering the area’s best selection of wine and cheese from around the world).

Just as inviting as the neighborhood is 39 Magnolia Avenue #3 itself!

Check out the 39 Magnolia Ave #3 Floor Plan.

Living room at 39 Magnolia Avenue #3.

A distinguishing feature of 39 Magnolia Avenue #3 is the private entry on the second floor landing, which leads up to an unusually spacious front hall. Nine-foot ceilings and an open plan make for a truly inviting top floor residence. The bay window in the living room brings the trees and light into the home.

Dining Room at 39 Magnolia Avenue #3.

The dining room at 39 Magnolia Avenue #3 is just as appealing, framed by a pair of windows and a built-in cabinet with granite counter – perfect for entertaining.

Light-filled kitchen at 39 Magnolia Ave #3.

The modern, skylit kitchen is certainly a highlight of this home, with its maple cabinets, stainless steel appliances and granite breakfast bar. And there is a door from the kitchen leading to a private deck!

Private deck at 39 Magnolia Avenue #3.

The two bedrooms at 39 Magnolia Avenue #3 are located at either end of the residence. The master bedroom features a walk-in closet and the master bath features a jet tub and in-unit laundry. There is also second full bath with shower-tub.

Bedroom at 39 Magnolia Ave #3.

Extras at 39 Magnolia Avenue #3 include an alarm system, a flat screen in the master bedroom, and a private storage room on the lower level. There is also a shared rear patio area, perfect for summer grilling.

The second bedroom is presently used as a study.

If you are interested in buying or selling in Cambridge or Somerville,  I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937.