Cambridge & Somerville Real Estate Blog

  46-2 Inman is now SOLD. I served as the listing agent in 2012 for this residence.  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… more

The city of Cambridge has created a handy reference for how to read your Cambridge, MA tax bill. Click HERE. For fiscal year 2013, the residential tax rate in Cambridge, MA is $8.66 per $1,000 of assessed value. For fiscal year 2013, the residential exemption is $202,699. The full residential exemption reduces a homeowner’s taxes by $1,755.37 and the CPA by $52.66. The total reduction is $1,808.03. If you are interested in buying or selling residential real… more

INTRODUCING FRANKLIN SQUARE Five new construction contemporary townhomes between Harvard & MIT, developed by John Kennedy. Come home to TOP QUALITY & ENERGY-EFFICIENCY in the heart of Cambridge. Luxury three-bedroom, 3.5 bath residences with parking, private outdoor space and separate entrance suites. The best materials and finishes throughout. Located in Cambridgeport close to the Red Line, connecting in minutes to Boston. ONE residence remains available at Franklin Square 178 Franklin - Distinctive circular staircase leads to expansive second… more

301-303 Broadway is a renovated seven unit building between Inman Square and Central Square. Located at the corner of Broadway and Tremont Street, the building is across the street from Sennott Park.   All units have now SOLD OUT. 301-303 Broadway Unit 2. This is the largest unit in the association and it features two-car parking. A duplex on the top two floors with in-unit laundry and central… more

What is title insurance? How much does it cost? Do I need it? When do I pay for it? Rich Vetstein has written an excellent blog post on Massachusetts title insurance on the Massachusetts Real Estate Law Blog. Check out Rich’s helpful post! If you are interested in buying or selling residential 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, an Inman… more

Multi-family properties – which includes two-families, three-families, four-families and buildings with 5+ units – are rare offerings in the Cambridge, MA real estate market. A review of MLS sales data shows that in the five year period 2002 through 2006, 494 multi-family properties SOLD in Cambridge – an average of 99 a year. In the last five years – 2007 through 2011 – 333 multi-families SOLD in Cambridge – an average of 66 a year. The total… more

A certain number of buyers in the market for a two bedroom condo in Cambridge, MA want a second bathroom, be it an extra half-bathroom or an extra full bathroom. How hard is it to find a two-bath condo in Cambridge and how much do you have to spend? This data is for Cambridge condo sale events between January 1, 2011 and February 13, 2012. This is a good sampling period: [caption id=”attachment_3432″ align=”aligncenter” width=”300″ caption=”2-BR… more

True lofts in Cambridge are quite rare. A unique loft residence  is 1365 Cambridge #3. If you are interested in buying or selling residential 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, an Inman Square resident and a top broker in the city since 1999. To gain instant… more

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,… more

Year-to-date, MLS reports that 27 three-bedroom condos in Cambridge have SOLD in 2011 in the price range $675,000 to $825,000. 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… more